Kudos to retailers for not dumping the stock in pre open. Net saleable quantity was only 6pc of the issue size against the usual 15-20pc. It''s probably the supply demand skew that got us the price that we have. 👍👍👍 Retailers are diamond hands.👐👐
CarTrade was and is a profit-making company but the market rejected it.
Always in restraint of Mrs. Crow.
229.2. lokes| Link| Bookmark|
December 23, 2021 12:08:02 PM
IPO Guru (4400+ Posts, 5100+ Likes)
@crow: cartrade posted loss in last quarter, whatever the reason be, loss is loss. https://www.moneycontrol.com/news/business/earnings/cartrade-posts-net-loss-of-rs-35-35-crore-in-q2-7646451.html
But i am not saying here that cms can''t list in discount (chances are less until QIB/Hni remains undersusbscribed) , it is strange to see such low subscriptions here from QIB/HNI till now. Lets see how much it will improve.
229.3. K.Atar| Link| Bookmark|
December 23, 2021 12:14:44 PM
IPO Guru (1000+ Posts, 700+ Likes)
@Amit ji,
so was metro brands recently but you know what happened to it when it listed.
Profit/loss making is hardly the only criteria to be considered while giving suggestion.
Zero debt and huge cash flow and profitand operating margin is also good .
229.6. K.Atar| Link| Bookmark|
December 23, 2021 12:34:29 PM
IPO Guru (1000+ Posts, 700+ Likes)
@Dev,
Check, if shares are credited in your demat or not? - If shares are not credited - check with your stock brokers first - if they says no - check with registrar. Simultaneously, ask your bank for reason of debit. **Upi block/unblock is a sham.
Encouraging seniors like neo sir/lokes sir/asoke sir/crow sir to shed light on this matter if find it fitting and as per their convenience.