QIB demand is there 4 times Selling from HNI will be small as their subscription level is 0.15. If the retail shareholders can hold for 2 to three weeks, there will be small gain over offer price;3 to 5%. I wanted earlier to make 4 applications; two from retail and 2 from SH category. Minimised the risk by making only 1 application ( in the last 15 minutes of closing) from SH category.
Font buy in unlisted space as its a trap market and ppl lose money from unlisted Mstc bought at 375 listed at 111 Csb lockin at 200 low 100 Uti 950 listed 500
320. Earthking| Link| Bookmark|
October 22, 2020 2:02:44 PM
IPO Guru (1300+ Posts, 500+ Likes)
Sorry for off topic ... Hdb financial available in unlisted space for 810rs , is it good price to enter sir ???
Valuation point of view you can consider Tamilnad Mercantile Bank(TMB), Fino Paytech, Nazara Technologies instead of HDB in unlisted space.(takes 2-3 years for IPO) If you can take risk then Paytm and Reliance retail also good bet in Unlisted space.
320.3. Earthking| Link| Bookmark|
October 22, 2020 2:42:17 PM
IPO Guru (1300+ Posts, 500+ Likes)
Thank You Mr.Ankur Goel and Mr. Kursha for your suggestions...
320.4. G J| Link| Bookmark|
October 22, 2020 3:13:14 PM
IPO Mentor (1600+ Posts, 400+ Likes)
May be a dumb question, but can anybody explain how to invest in Unlisted companies?
These type of poor subscription figures is lesson for promoters to leave something for investors on the table. In future promoters will price their issue accordingly.
Promoters lost nothing here. The issue will sail through and another set of retail investors will go around cursing stock market. Promoters achieved everything they wanted to, though they would have got a lot more premium if they listed this before lockdown. ;p
318.2. G J| Link| Bookmark|
October 22, 2020 3:11:47 PM
IPO Mentor (1600+ Posts, 400+ Likes)
If it is more than 100% (1x) subscribed, promoters got what they wanted. It does not give any lesson to them.
S.P Tulsian : Avoid Current GMP : 0 Probably last IPO ' Diwala IPO ' before Diwali. Personally not applying. 'll visit this forum after Diwali. Happly Diwali to all members in advance.
315. P Patel| Link| Bookmark|
October 22, 2020 2:39:46 PM
IPO Mentor (900+ Posts, 900+ Likes)
Again same scenario like Angel is repeating ..... QIB is subscribing 5+x ( or may be more -- SIP Money = others money ) but no interest by NII ( own money or borrowed on interest ) ... so for retail its clear AVOID.....
Fair value 27.50/27.60. .... Anything near 34/35 will be hammered down brutally by market opetators seems.....but retail investors want double blows under shareholders cota too apart from general category ????
I too think so.At the most 29-30 should be the price band & shareholders should be given 2 Rs. discount along with employees.34-35 range would be very aggressive.
1. Promotor is not strong. 2. Pricing is expensive compared with it's peers,better to buy USFB at current price. 3. Listing is on 2nd Nov, one day before US election will make it's a risky bet. 4. Bihar state election may spoil the sentiments.
310. Aniketiaf| Link| Bookmark|
October 21, 2020 10:40:55 PM
IPO Guru (1800+ Posts, 10200+ Likes)
NforNandkishor Ji,
I will not apply.
Reason-
Two you have already mentioned. In addition, Esfb has poorest asset quality among small finance company. I personally think that Covid-19 impact on ujjivan sfb and Esfb is much more than market experts expectations. As it's a small size IPO, so a 20 times subscription ( I doubt in qib segment ) will not be considered good .