56. Ou Ai| Link| Bookmark|
November 3, 2022 10:14:14 AM
Top Contributor (300+ Posts, 300+ Likes)
One is reminded of another IPO that is erased from many investors' memories on this board with passage of 5 years. New boarders would not have heard of earlier IPO, but may know the products, again snacks. Prataap Snacks ltd from Indore with IPO price of 900 plus exactly 5 years ago with annual revenues tad lower than Bikaji today is still into losses! Share price tanked after offering listing gains for few days and even today is below IPO price!
Prataap too has brand ambassador Salman Khan instead of Amitabh Bachchan here. Apparently snacks business is overcrowded with too many regional players with biggies exerting advertisement might. Haldiram itself operates in various branches and sub brands and different names form its family.
Euphoria in in this IPO is uncalled for as the asking valuation is very high. Share can at best offer a listing gain due to high oversubscription.
Please use your individual discretion. Happy investing!
52. Liger| Link| Bookmark|
November 3, 2022 3:57:48 PM
Top Contributor (300+ Posts, 500+ Likes)
Even though pricing is on higher side, there may be enough demand for this ipo for 2 reasons:
1. High Promoter Holding (~76%)
2. Institutional (FII's) demand is expected as seen from the excellent Anchor Investor subscription (biggies like Morgan Stanley, Blackrock, Nomura, Goldman Sachs, etc).
Due to low float of shares in public [small equity capital of ~ 25cr] and expected Institutional demand this ipo may surprise with listing gains on higher side.
Not applying in either this or global. They may have muted openings with minor listing gains... But keeping the market sentiments and they being priced a little on the higher side. They will soon drop in price and will be available at a discount.
*Just sharing my opinion*
51.1. Shy| Link| Bookmark|
November 3, 2022 4:19:42 PM
Top Contributor (500+ Posts, 200+ Likes)
Priyaji aapko π Priya shobha Nahi karta Krupiya chuban se door rahe π
49. Shy| Link| Bookmark|
November 3, 2022 11:59:23 AM
Top Contributor (500+ Posts, 200+ Likes)
Hi, I have been watching from distance for few months. decided to join. I would like to thank all the esteemed Top contributors as well as other members for sharing their knowledge selflessly
10-20% to koi bhi stock upar neeche hota rahta hai, itne ke liye apply karna, lottery mai milna, phir specific time par bechna. Bekar hai. 30-40% gain ki ummid ho to apply karen. Not applying in any mainline IPO. Will get exposure through mutual funds in future, if it's that good.
Dear Chittorgarh Members, I applied for IPS IPO through Zerodhra (GPay UPI) but mandate authorization failed also I've cancelled the application still money is blocked, could someone please let me know till when money will be unblocked or whom to contact to get it unblocked. Thanks in Advance.
47.1. Rajesh s.| Link| Bookmark|
November 3, 2022 11:37:38 AM
IPO Mentor (500+ Posts, 600+ Likes)
Is there something we retails are missing out on because even today in dcx hni subs was very avg if we compare to EMI both were 500 cr issue and than GMP crashes for this ipo which impacted every current ipo any respected member have some idea ot theory on this please share. Thanks ππ»
The IPO seems to be overvalued. retail investors may burn their fingers like LICI IPO. There may be listing gain but the price may not sustain. Retail investor to asses their risk taking ability.
39. Finexpert| Link| Bookmark|
November 2, 2022 7:36:22 PM
Top Contributor (400+ Posts, 200+ Likes)