This issue does have a better anchor investors'' list than Glenmark Life. So apply without any hesitation for long term. However, listing gain may not be there. So short term investor may give a miss.
Like you said, If there is no listing gain then why to apply in this IPO, better would be to buy it from secondary market for lesser price. Also IPO apply karne pe 15k 1 week ke liye block bhi ho jayega !!
Despite of following poor Signals - 1)Negative Net worth, 2)Low returns on Net Worth, 3)Promoters reducing their holdings by hefty 45 %, 4) Promotors shares are pledged, 5)EPS increasing by 15 times just before IPO, 6) past background of Delisting, 7)Driving out small share holders compulsorily by Increasing Face Value to Rs 4000 and then reducing it to Rs 10 within One and half year
I am unable to understand Why one person in the group continuously batting in favor of this issue?
114. Manup| Link| Bookmark|
August 12, 2021 3:15:30 PM
Top Contributor (400+ Posts, 200+ Likes)
I am asking for knowledge purpose... When can underwriters subscribe to an undersubsribed IPO. After closing of bidding process or like when? Please guide someone
Avoid avoid avoid The price is quite expensive. If it gets subscribed. Then may be starting the wrong tradition. In future Promoters will not leave anything for the investor. Retailers should not run blindly
The 2 IPO''s that are struggling today for subscriptions - Aptus & Chemplast and the one that struggled yday for subscriptions - Nuvoco, were all lead by ICICI Securities as the Left Lead Banker.
CarTrade which closed handsomely yday was lead by Axis Securities as Left Lead Banker.