@amit K singh First mainboard IPO is not looking that promising, but sincerely hope we get to get some good IPOs during the year. Thanks for your Holi Greetings 🙏
@amit K singh I just read in news that their profit halved for latest financial year results. It's just a trap. Also respected @Chhote Lal Have no hope from this ipo. Please read the company's financial @amit K singh
@amit K singh FF., Is it because of the strong anchor book that they have or any other reasons.?
18.11. GJ Eighteen| Link| Bookmark|
April 3, 2024 9:45:30 AM
Top Contributor (300+ Posts, 100+ Likes)
@ROAR Well, anchor book is really quite strong... Better than tata tech, mankind and many more... So have to admit subscription will be heavy... However, have to see it will break QIBs record in amount wise of tata tech or not because here quota of QIB will be 75%. However it can be seen as more positive than negative as selling pressure will be quite less from NIIs and RIIs... So yes, as of now have to say... Good to apply candidate.
@GJ Eighteen Based on your saying, does QIB have a lock-in period like Anchor Investors?? and even if the QIB numbers starts coming in, will it be a good candidate just for listing gains (considering financials for long term)?
18.13. GJ Eighteen| Link| Bookmark|
April 3, 2024 10:22:38 AM
Top Contributor (300+ Posts, 100+ Likes)
QIBs don't have lock in period. However, anchors do have... If anchor book comes quite strong than it may be taken as granted that QIBs will subscribe heavily as QIBs got distributed on proportionate basis and can sell on listing. In good brand issues, QIBs generally don't create selling pressure as generally they are marque investors and fund holders. Selling pressure are created by RIIs and NIIs which in this case will be less. So, I think it is good listing candidate.
Had applied 2 application under BHNI and Got allotment on both. GMP has gone up too. But this share is better for long/medium term. An IPO from Bharti in 25 years won't miss the top. Soon you will find new circles and services in more areas. Lets see what Mittal have planned. One thing is sure it won't be small. Best of luck you can get Rs100/ lusting gain or a multi bagger return in few years.
18.15. IPO.RIKI| Link| Bookmark|
April 10, 2024 9:53:49 AM
Top Contributor (400+ Posts, 100+ Likes)
@Confusing Markets. Did u get full 68 lots or 14 lots ?? In bhni ?? Please confirm thanks