Thank you Omega for your prompt reply. It was just for information. I am not going to sell them. Actually I have applied from all my family members accounts Thanks
Same thing happened with hdfc life also..everyone was saying it a risky ipo..qib was the sole risk taker..i think above 15 times..and now same thing is happening with galaxy..I am of the view that even it lists flat one should hold it for some time..it won''t give huge amount of returns but it won''t make anyone unhappy too..
Kudos to all the people who have contributed to this forum.
Chittorgarh forums have now become important enough that IPOs are getting advertised directly without being hidden behind fake IDs and façade of retail investors.
Remember it is we who have made this forum special, let us maintain its sanctity and usefulness to all of us.
@Coolsunshine your name does not match with your hot and useful comnents....thanks.....a lot for continious updating with us.........keep posting bosss........u people r really make this foram watachable......your every comments r logical.......thanx............
Mr. Analyst .... i got my money within two years.....company used to declare dividend of 45% i.e 4.5 per share.........I just got to know of this site and while reading was surprised to note views.....i not marketing any issue....in fact when they called me to offer to sell my holding i refused... and have not sold any share.....i dont go on numbers.....i go by company''s market potential and its product....numbers are post activity performance details.
There is no doubt about the company''s credentials and its past performance but the pricing of the issue matters. The price of this issue has not left anything for the investors who were looking for gains on listing. However the future prospects look bright in long terms
Read the diverse views, let me share my experience. Investor of this company/group since its first issue on OTCEI...invested after one year... bought at 10 rupees...consistently given dividends and in between bonus...any project taken by management ...quite professional.....within and ahead of time set and also within the targeted amount....also the first year it self cash break even. I am a share holder since last 20 yrs....attended few of the AGMs also ...very open and clear (mgmt) ...i was able to reach them in person or on phone whenever i have called...patient hearing to our views... and explained everything.......this generated confidence and i started purchasing the stock on off market .....last bought a lot from local broker at 90 in 2011. Always a buyer of this stock.....given me good returns..... also note this being offer for sale only the shares offered for sale shall be traded on listing.....rest all in lock in period. So just think who will sell below issue price.........Always used to compare this management with Infosys mgmt.....very promising market for its products. This is my brief view ...call to be taken by you...as you are investing your hard earned money.
Looks like paid subscribers are introduced now to retain confidence... If you have personal touch with promoters... What are u doing in this forum? You purchased stock in 90in 2011 and asking others to buy at 1500?? This CAGR deserves for the company who grow more than 100%.
Dont believe in my view....check the awards received..consistently receiving them.....i remember during the time of OTCEI..ipo....company got the best emerging company award from SICOM...this was my eye opener. Many awards during the course of time. This is the reflection of the mgmt..nothing to say that they got just before IPO to sell the shares.....entire issue the company is not benefited.......only benefit is listing....and recognition nationally and internationally. Check the confidence of issue price ...as the top international funds and local top MF''s have become anchor investors.....the earning potential and market for their produce is promising hence commanding this premium....
DEAR IPO INFORMER, WITHOUT HNI PARTICIPATION THIS STOCK LIST AT MODERATE PREMIUM. SOME COMPANIES WITHOUT HNI PARTICIPATION PERFORMED WELL IN THE PAST. LIKE SBI LIFE (ISSUE PRICE IS 700 IT LIST AT 730) HDFC LIFE SHEELA FOAM ETC. EVEN HNI PARTICIPATED HUGE LIST AT DISCOUNT LIKE POWERMECH PROJECTS COCHIN SHIPYARD IT DISCOVERD AT 450 (ISSUE PRICE IS 430). in recent year this is first company qib participated 55 times and hni below seven times. YOUR VIEW IS CORRECT HNI IS DRIVING THE FACTOR BUT ALL TIME IT DOESNT HAPPEN.
The grey market for this issue was quoting 400+ initially which has been reduced to 150 today.. But going by the overall response with HNI''s also joining the race at the last moment, I think the listing will be cool
*GALAXY SURFACTANTS LTD IPO* *FINAL DAY SUBS.FIGURE AT 02:32 P.M.* QIB 32.42X** NII 0.81X RII 4.60X TOTAL 11.74X **Excluding Anchor Total No.of FORMS : 8,59,260 *Apps Wise : 3.88X*