I invested based on QIB subscription. I still believe they must have seen something before investing and will not sell it quickly. I am ready for hold 2 quarterly results.
157. Earthking| Link| Bookmark|
November 15, 2022 2:06:47 PM
IPO Guru (1300+ Posts, 500+ Likes)
Fusion Micro Finance Ltd has informed BSE that CRISIL Ratings Limited, the Credit Rating Agency, has upgraded its long-term rating on the bank facilities and non-convertible debentures of Fusion Micro Finance Limited to ''CRISIL A / Stable'' from ''CRISIL A - / Stable''.
Source : BSE ... just updating the good news but not sure whether this will make any difference
I think after the offload by HNI and the retail (they had already applied less than quota) due to poor opening (which looks fabricated) in the initial few days, shares will have been already cornered by QIB and MFS... prices will be low till then. Retails who hold at least for short/mid term and do very bottom fishing ~300 may be awarded after some weeks/months.
154. IProfitO| Link| Bookmark|
November 15, 2022 12:04:07 PM
Top Contributor (200+ Posts, 100+ Likes)
can any one help why intraday is not allowed in this script?
@PeterEngland - kept the stoploss order at 342 and it was hit. happy loss was minimal -it was only one retail lot(applied only one lot as didnt go with other 2 accounts)
Those who still hold, I would suggest to keep it intact. That you applied in the IPO knowing it wont give listing gains, points that you applied for a medium to long term. There is no reason why this wouldnt rise above its IPO price. It has a decent balance sheet that is further improving. Wait for a quarter and you would get a decent return..... All said, do ur own research and follow you FA.
In all probability this looks to be heading for a negative listing. But may give an exit opportunity to allottees at par or slightly above par. Hope i am wrong though and it lists with some gain....fingers crossed.