68.1. Kapil Gro| Link| Bookmark|
November 28, 2020 12:44:45 PM
Top Contributor (300+ Posts, 100+ Likes)
1 baat samajh nhi aayi sebi ka rule haibkinlast 3 year profit me company joni chahiye tabhi ipo aa sakta hai but burger King last 3 years se loss me hai to iska ipo kaise approve hua sebi se
Hey kapil, please read regulation 6(2) of sebi icdr regulations, 2018. Even if a company doesn't have past 3 year profits, it can still launch ipo subject to 75% of the issue to be compulsorily reserved for Qualified institutional Buyers, failure to which will make the public issue itself a failure. Moreover, sebi has prohibited the appointment of underwriters for such 75% to QIBs. Risk hi risk hai boss
68.3. arunARUN| Link| Bookmark|
November 28, 2020 2:49:17 PM
IPO Guru (2000+ Posts, 1700+ Likes)
Due to loss retail is 10% else for profit making companies it is 35%
Big supply likely to come from HNI Investor from Monday Evening.
Currently GMP is up due to No Supply of shares. Few Group will soon be making a Non Veg issue out of this IPO, This would make Lower subscription due to Religion Sentiments..
Arjun sir, more than 70% Indians eat non veg. So my view non veg will not be issue for the ipo, may be few community may skip.. but allotment chances are less due to 10% quota for retail..
I do respect all communities principles ????????... I am also veg person...but I am applying... Reason is ???? King also serve veg food, beverages and potato chips...
May be big game play by operator. Take example of Gland pharma in which issue was not subscribed although listed at premium. Third party application was rejected first time in non subscribed issue( most of issue withdrawn in such situation)
64.1. MAPatel| Link| Bookmark|
December 18, 2020 3:49:18 PM
Top Contributor (300+ Posts, 100+ Likes)
Mukeshji, have you submit your rejected applications of Gland Pharma IPO by which platform ? ASBA or UPI ? Please reply
63. Chem cho| Link| Bookmark|
November 22, 2020 7:25:36 AM
IPO Guru (2600+ Posts, 2700+ Likes)
Mac donalds share ( westlife development Ltd) are trading at Rs285 Burger king shares (tentative price Rs 60 ) is a good buy
????okay...still not sure how anyone can decide with comparing share prices of two companies... though I am also bullish on this counter... expecting good participation from anchor and qib...
Company has never made profit since opening of it's first resturant since 2014. Company financial records is very poor. BK is a new in QSR service in India and one can't expect quick profit in this business because it's trying to expand it's business.
But GMP is very high, one can apply for listing gain.
Why should one invest in a company if it is loss making since inception.6 years is a very long period for a company to establish and get a foot hold in the market We should not waste our hard earned money.Premium of Rs.60 is way too high to pay for the brand.
Have HDFC Bank account linked with Zerodha bur don't want to apply using HDFC ASBA as they cancelled the application last time without permission. Have another account in SBI but it's not linked with Zerodha but has same name. Can I apply using SBI account ASBA? even as it it not linked with Zerodha?
61.1. dpcdsl| Link| Bookmark|
November 28, 2020 1:23:33 AM
Top Contributor (400+ Posts, 200+ Likes)
Yes, you can apply from any bank a/c in your name.
Thanks Arjun Sir , Your updates are very useful for New small investors like us. Please update regularly I follow your message for Gland Pharma IPO......
56.1. arunARUN| Link| Bookmark|
November 26, 2020 10:46:05 AM
IPO Guru (2000+ Posts, 1700+ Likes)
Pre Covid promoters had converted CCPS at 90 Rs. Weighted average allotment to promoters in last 12 months @Rs 65 Compared to price of Mcdonalds in India @414 it looks attractive
Conversation of CCPS is always done at Fair Value arrived by Certified Authority.
Fair Value was 90 hence Conversation was done at Fair Value. If it's not done at Fair Value, Provision of Gifts Apply
Which check at ur End.
56.3. arunARUN| Link| Bookmark|
November 27, 2020 12:43:43 PM
IPO Guru (2000+ Posts, 1700+ Likes)
SO you agree that Rs 90 is fair value. Even then combined with that allotment promoter paid on average Rs 65 per share in last 12 months. Secondly you can see subscription by Amansa (locked in for 1 year) at 58.50
56.4. P Patel| Link| Bookmark|
November 27, 2020 6:30:14 PM
IPO Mentor (900+ Posts, 900+ Likes)
Arjun Rajkot - Halwa to nahi hay... Burger jaroor hai ( which is one of the favorite among children and youngsters....
Can't say anything about listing gain. But yes, in long term, you will not regret. Apply and if you get allotment, hold for long-term. I don't think it will list in disscount, but if it does, then buy for investment purposes.