That''s right ...The issue looks good.....But then the problem is Karvy ...They will make sure retailers get no allotment,,, You cannot override and defeat their viciously designed lottery system unless you are Rajanikant ...Seriously.....Are you? :D
The lottery system is mind boggling and beyond our understanding. I do not know what is happening to the sincere retailers who get all rubbish allotments where even listing gains is a no-no
The issue is richly priced whike its net profot marhin is only 5.5%.In my opinion, it would list about 10 to 15 % premium at the most.It always happens as people make some money in ipo, thry get mad and start applying in every ipo, the brokers recommend, osome boarders on such site also recommend and the investors lose their shirts too.If you see history of ipo , only 20% of the ipo pergorm at max , rest 80% go on discount and some of them lose 95% of their value in a short period.Therefore be v careful.Don''t go by recommendations only
Good days of IPO''s are over. There was a time when market used to buy a stock on listing day ignoring the macro factors(exorbitant price, avg fundamental) and that used to provide some listing gains. Party stands over. Market will respect good companies with fair issue price going forward. Be careful!!!!
You may apply all you like...But I suggest you have a look at the REGISTRAR first..Its Karvy ..the notorious one for depriving retailers of good issues....If they have allotted shares generously to the retailers...it means the listing would be pathetic ..Be of no two minds about it.
Yes I use Zerodha and their platform is really good and their charges are the lowest in the market. The only disadvantage if you compare icici or hdfc with zerodha is that zerodha doesn''t offer advice or give recommendations. You are on your own. Also, zerodha doesn''t give margins unlike full fledged brokers. You have to add your own money to trade. However despite these 2 disadvantages, it is an excellent, cheap and a fast platform.
ICICI WEB TRADE AND HDFC SEC ALSO DOES NOT ALLOW TO TRADE WITHOUT MARGINS
BROKERS TRUST YOU AND KNOW YOU AND YOUR PERFORMANCE TO PAY MONEY SO THEY DONT TAKE MARGIN BUT YOU CANNOT TRADE IN LAKHS WITH OUT MARGIN BUT ONLY IN THOUSANDS
Don''t go for HDFC securities....Their patrons seldom get allotments ..while those applying through other brokerages are allotted generously....Its a fact trust me.. There are Villains and their sidekicks in every movie ...And then there is KARVY and there is HDFC Securities in the IPO system ..One has to beware of them all...you see..
97. Carn Mohan| Link| Bookmark|
October 4, 2016 10:36:44 AM
IPO Mentor (1200+ Posts, 400+ Likes)
Be careful big IPOs + 1000 carors listing day very high selling look L&T info, L&T tech, ICICI, listing day investors are selling at any discounted rate.
SOME fool in this forum is bullish in ICICI PRU but has ran away , and want to challenge CHEMCHO , A BSE broker who challenged big bull in ICICI PRU AND INDIGO CHEMCHO valuation are correct , ICICI TOUCHED his target of Rs 300 on day of listing
If you want to buy my applications @700 do let me know.
89.3. Silapathar| Link| Bookmark|
October 3, 2016 11:29:12 PM
Top Contributor (400+ Posts, 200+ Likes)
@Sunil, you seem to be another of those confused individuals who do not know what they want. In your last comment, you advised people to not send their applications in grey market and now you are selling yours.
Are you here for time pass or for confusing people?
@Silapathar, I hope you can check my comments by clicking on my name. GMP changes everyday. Everyhour. Here someone said it to be 700 which was not true. Just correcting the person. I think you should target him.
You are here, from recent GNA issue. Thanks but an unknown person.
IMO this IPO is rightly priced for it present growth which is around 22 PE. If you look at CARG is around 8% which is comparable with other two wheelers OMEs. What i really like is this growth has come from both organic and in organic growth. Like ICICI Pru IPO the promoters have not left much on table for it present revenue and bottom line number 22 PE is high number but demand for Auto industry is in demand so issue will be fully subscribed. failure of last two big issue will not stop RII from apply. for me the fair price is around the issue price so list will be lukewarm however i am still going to apply as i am very bullish on auto industry in long run . I AM APPLY TO THIS IPO
Septa If you conduct class i will be the first to attend. I want to achieve something in life at least hereafter.
For rich people, "money is nothing" value and class is everything = SEPTA
For mid class people, "money is everything"; value and class is nothing = shivajee I am II class desperate to learn. You gain value by teaching us, and I gain money by attending your class.
Septa can you please add you viw on below concern : a)Promoter itself selling the stake. this is not good news for company if promoter themeselve are selling.