If you have hard earned limited fund then don''t bet on this issue. You may apply Shankar SBPL where chance of appreciation is more. Or wait for some other IPOs which are in the pipeline.
Best thing you can do is invest in mutual funds. No doubt both share market and equity mutual funds are subject to market risks. But direct investing in equity is more risky as you do not have benefit of a professional fund Manager as in a mutual fund , Moreover you have many options like less risky balanced funds . IPO nowadays are oversubscribed so many times that it is indeed difficult to get allotment in a good IPO.There is too much liquidity in the market and an IPO like this one also will get oversubscribed, as people depend on free advice from unknown people in social media. Free advice may prove costly and it is advisable to tread the tried and trusted path . Small investors are rushing in to IPO market as other asset class like bank FD, and small savings give very low returns and real estate is a life time investment for middle class.
Anchor Investors: 1. DSP Blackrock MicroCap Fund 2. Sundaram Mutual Fund 3. Canara HSBC Oriental Bank of Commerce Life Insurance Company Ltd 4. ICICI Lombard General Insurance Co.
DSP Blackrock MicroCap Fund is one of the high performing fund, ranked 1 in Small & Mid Cap category by Crisil (3 yr return ~40%)
...issue is not that bad/highly priced as brokerage houses/forum members displaying ....
....good anchor imo
.......T group listing always hv surprises
.....very uneven PAT figures concerns But
...EPS for past 6 mnths 10.74 i e for full year near 21
..bussiness is not dying and coching won''t stop
Could give 25/27 PE(as per mkt conditions)
I.e 25*21====525 27*21====567
I.e 8 to 12%* return might possible
Yes peers(only 1) are at low PE I.e MT educare.... but that made loss in last quarter..and may catch up high PE soon
Others not fully comparible and trading at very high PE (like 50+) . ......near 58000 form for RII but looking avoid tone from all sides.....1/2 or 1/3.5(high) chances of allotment is there.
Concl........
only cash surplus investor who used to play in mkt and bear losses also may go for issue.
In short in telling people that qib is fool or making fraud with retailer, qib more smarter than retailers they always know, what is gem and what is rocks example sheela foam because of overpriced overpriced comments I applied only 1 lot but I wanted to apply 2 lots so in share market taking risk giving much reward
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March 20, 2017 6:36:45 PM
IPO Guru (2400+ Posts, 3600+ Likes)
If you think so then you must apply in QIB Quota and also advise each and every member in this forum to apply as QIBs .!.