SGX Nifty recovered more than 150 points from the Day Low. U.S Market is also recovering fast. Listing may not be up to the mark in the pre-open session but hopefully rally can be seen after listing.
We also should not forget on last day of cartrade subscription earlier four IPOs amounts were not unblocked. Still HNI managed decent subscription.๐
Shit..I booked loss in Kaveri some yesterday..๐ฅบ
797.3. Roxpatel| Link| Bookmark|
August 19, 2021 10:11:56 AM
IPO Mentor (700+ Posts, 700+ Likes)
@Aniketbhai, Need one help, any future for aurobindo pharma, 110 share of average 755 in my portfolio, looks oversold drastically, but still no life of up move, should I quit? Thanks
797.4. Aniketiaf| Link| Bookmark|
August 19, 2021 11:04:13 AM
IPO Guru (1800+ Posts, 10200+ Likes)
Roxpatel ji,
Not much expectation from Auro pharma but 755 is a good price for holding the share. You will definitely get profitable exit sooner or later.
Dear Aniket jee, Aarti industries demerging pharma business will give 1 share free holding of 4 share of aarti industries. Ex date yet to declare. New demerger company name Aarti pharmacutical and lab. Share 5 Rupees. Please advice and suggest Sir jee, can we buy at current market Price. Thanks๐
Buy back kaveri seeds... definitely stock price will go down..open market buy backs market will always look suspicious. Please be careful... markets think that insiders want to dump stocks courtesy compay money..
796. Sharvam| Link| Bookmark|
August 19, 2021 9:50:47 PM
IPO Guru (1300+ Posts, 800+ Likes)
KARVY BROKING CEO IS ARRESTED TODAY IN TELANGANA
796.1. sree vas| Link| Bookmark|
August 19, 2021 10:42:32 PM
Top Contributor (500+ Posts, 100+ Likes)
good news https://www.businesstoday.in/entrepreneurship/story/cars24-to-raise-350-mn-from-dst-global-softbank-group-others-at-2-billion-valuation-304574-2021-08-19
Used vehicle startup Cars24 to raise $350 mn from SoftBank, others: Report Saritha Rai | Bloomberg | 3 hrs ago Indiaโs biggest online marketplace for used automobiles, Cars24 Services Pvt., is closing in on a deal to raise about $350 million from DST Global, SoftBank Group Corp. and other investors, according to a person familiar with the matter.
The fundraising would also include Falcon Edge Capital and value the startup at close to $2 billion, said the person, asking not to be named because the details arenโt public. The funding now envisioned is larger than the $200 million to $250 million range Bloomberg News reported earlier. The round is expected to close in the next couple of weeks, the person said, though the details could still change.
Cars24 is starting conversations about an initial public offering and aims to go public in 18 to 24 months, the person said. Indiaโs IPO market has surged and is on track for a record year. Cartrade Tech Ltd., another online marketplace for cars, is expected to have its shares start trading Aug. 20.
Cars24 and SoftBank spokespeople declined to comment.
Demand for used vehicles has boomed in India as consumers try to avoid mass transit systems during the Covid-19 pandemic. The outbreak has hurt new auto sales, but cost-conscious buyers are looking for pre-owned cars.
The startup, based in Gurgaon on the outskirts of New Delhi, was founded in 2015 by Vikram Chopra, Mehul Agrawal, Ruchit Agarwal and Gajendra Jangid to make the used-vehicle trade smoother. Buying and selling cars in India has long been an anxiety-ridden, bumpy process dominated by street-corner mom-and-pop sales yards, with consumers distrustful of the pricing and the condition of the vehicle.
Cars24 aims to make the purchase of a pre-owned vehicle as easy as buying a refrigerator or a smartphone online. It prices vehicles based on AI algorithms and uses data to determine which car would give the new owner least trouble. The vehicles are refurbished in the companyโs reconditioning facilities before being listed on its platform. Cars24 has a seven-day no-questions-asked return policy and provides a six-month warranty. It also sells pre-owned motorcycles and scooters and offers financing.
What ever listing it may be max 5% discount or flat but it will touch 2000 within few weeks due to malabar select fund effect.. And same thing will be happen with aptus
781. Gopinathji| Link| Bookmark|
August 19, 2021 9:25:44 PM
Top Contributor (300+ Posts, 200+ Likes)
Car trade gray market me bahot sare trade aye 95 pe Isliye 95+ hi list hoga confirm