Good morning. What should be the strategy here ? Kindly guide members
301. UjwalG| Link| Bookmark|
January 30, 2024 10:33:26 AM
IPO Guru (1300+ Posts, 600+ Likes)
I had applied but didn't get allotment. But what i have seen is if the price doesn't cross issue price till the end of day, you shld exit at once. Only long term player >2yrs horizon shld hold. Capital protection and also it doesnt get stuck. Ps- in no way im creating panic, just sharing from what i have seen from hundreds of listing. Ofcourse some outliers could be their like rainbow medicare.
Discovered price NSE 221 Volume 14.54 Lakh Shares BSE 225 Volume 3.26 Lakh Shares NII Allottees may share their views for the benefit of Retail Allottees.
Sir, it's a good company with decent valuations, if you can hold then please do so for 10% to 15% return in a quarter. My immediate target is 250 and 275 for the April to June quarter.
299.3. rohiitian| Link| Bookmark|
January 30, 2024 10:19:11 AM
IPO Guru (1200+ Posts, 800+ Likes)
@IPO NOOBIE 415 PE is totally misleading - this is a highly seasonal biz (they are in AC space) and 50% of sales & 65% of profit happens in Q4 alone - see Amber for like-to-like. The biz is very fairly valued (30% discount on EV / Sales, EV / EBITDA to all its peers, with similar growth rates and margins). Please don't scare others with poorly-researched opinions.
298. G profit| Link| Bookmark|
January 30, 2024 9:58:30 AM
IPO Mentor (1200+ Posts, 300+ Likes)
Negative start. Pathetic. This was the only recent allotment (luckily retail) in almost 15 ipos
Muthoot Micro Finance also listed in discount. Gained about 25 today on good Q3 Numbers, and currently trading around 260 and yet to reach IPO Price of 291.