SBI Fund Management acquired 53.07 lakh equity shares in the company via open market transaction, increasing shareholding to 8.25% from 4.89% earlier. Mirae Asset Investment Managers (India) bought 29.56 lakh equity shares in the company via open market transaction, raising stake to 6.84% from 4.97% earlier.
Company business and cash flow are so weak that they need to refinance debt at 17.5 percentage..why people are applying for IPO..to get some 30 to 40 Percentage listing gain. If it is not there what is in the company to hold..it is a three digit PE company if you remove revaluation profits..this is seen from constant EBIDTA for all three years .
@arunARUN was the only person who was supporting this issue from the beginning and listing in green and good buyers seems his prediction was right.Good work keep it up π
As against Positive Listing of Rs 9 (Rs 550) with in 5 minutes it was down by Rs 41 (Rs 510) as against Issue Price of Rs 541 still you are praising... Great. Right now also it is in Red.
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August 24, 2021 10:50:52 AM
Top Contributor (300+ Posts, 100+ Likes)
What ever listing price, all retailers must be put sell order above targeted price, so automatically every retailers get benefited. why hurry to sell with loss. Keep the share until u get profits or put sell order for above IPO cut off price