Is it possible to have 21065 Agents with that much no. Of accounts to apply in a simple IPO issue???😂 189891 maximum retail bid By 400cr .it comes to the above numbers... people think before u speak.
Company got delisted earlier at lower price and now demanding high price on market Euphoria. Stay away from such fraud companies. Such companies shouldn''t get subscription at all and fail miserably. https://www.google.com/amp/s/www.thehindubusinessline.com/markets/stock-markets/Chemplast-Sanmar-delisting-opens-on-April-12-at-Rs-4.51share/article20414575.ece/amp/
This should have never been allowed the raise money. Clearly they have to pay their huge debts for which they are collecting money . Pledge shares will further cause huge selling . Stay away from this crap company . It should reach below 150 rs in future
What is guarantee that they will not float ipo again in future after delisting this ....they love this business of ipo-ipo seems..sebi is a parrot
91.1. arunARUN| Link| Bookmark|
August 11, 2021 9:39:20 AM
IPO Guru (2000+ Posts, 1700+ Likes)
Incidentally this company never did IPO. They acquired a listed company named CPIL So IPO IPO does not rhyme
90. arunARUN| Link| Bookmark|
August 11, 2021 9:18:18 AM
IPO Guru (2000+ Posts, 1700+ Likes)
If it does not cross 2 times in applications by end of day today then wait for tomorrow for 12 noon There should be enough buyers so if you sell they are willing to buy
89. Kishore S| Link| Bookmark|
August 11, 2021 2:00:34 AM
Top Contributor (200+ Posts, 100+ Likes)
Should not encourage these kind of cheating promoters. It''s always risky. We can easily make more money from good promoter stocks. In between all good IPOs these kind of IPOs will come. Be watchful.
Company is paying 17.5 percentage interest to IDBI. This shows how desparate the company is in need of funds. Even unrated company will not pay such a high interest. Company wants repay this, why because promoter group has given corporate guarantee for this NCD...
They delisted company 10 years back to raise fund for poorly performing company. Arranged money, took loan and grew some business acquiring a subsidiary. And voila, Now they want to list company to pay debt and release investers. Few times later after market crash, they will start the winding process citing their shares are undervalued and now want to go private. Uncertainty is exiciting but too much uncertainty is BUZZ killer.
Anchor investor list is huge and many 5 star rated funds from Axis, Mirae are present. What is their strategy?
82.1. Shaolin| Link| Bookmark|
August 10, 2021 2:56:38 PM
Top Contributor (300+ Posts, 500+ Likes)
Anchor Investors, fund houses is a big cartel. Lock in period is only 30 days. They can offload after 30 days. What did big fund houses done in Vedanta de-listing at rs 130 per share? All fund houses tendered their shares except LIC. LIC saved retail investors from Vedanta de-listing at dead cheap valuations. So don''t go with Anchor subscription figures only.