If it manage to rise it will be first ever SME which is 20 crore + to give gains even though priced at 50 P/E
usually 20 crore + issue are never pricced that high . only savious is subscription remember price is overvalued for SME and even sheetal cool products is available cheaper.
AT 2 PM QIB + HNI 8.32 TIMES RETAIL 11.67 TIMES TOTAL 9.50 TIMES. ALLOTMENT WILL BE VERY TOUGH. LISTING GAIN SURE. Short Term investors(Listing gain Investors) no need to look financial and other parameters.
एक तो यह IPO काफी overpriced है, दूसरा जी ipo पहले दिन ही फुल्ली सब्सक्राइब हो गया तो कही न कि लगता है की इसको मैनेज किया जा रहा है। क्यूंकि कोई नोरमल एंड नेचुरल इन्वेस्टर आजकल पहले दिन नही आते।
To phir NII ke saath small investors kyo aage aa rahe hai ? Ya be to pais dumb hoga ya phir bumb hoga. Ye Bazar EPS / PE / SALE / PROFIT se nahi chalta. Iski alag hi chaal hoti hai.
Since it is oversubscribed there is no guarantee of allotment. It seems you are new investor. Don't take risk with this one. There are better IPOs expected. Preferably stick to main line quality IPOs.