You know what guys if ull put the onus of previous IPO's on this issue & invest in the same ull are going to be on a bigger loss than the company & the promoters. I am an avid investor in the stock market so I study a lot before investing. Your apprehensions about investing in the market at this point is totally justified but believe me I have attended the analysts meet of the company as well as read loads of analysts report & 'major' of them including reputed analysts like ICICI Securities, HSBC Direct, Mehta Securities, Dalal Street, SMC, Hem Securities etc have all given this issue a "SUBSCRIBE" recommendation. And reading the report based on which they have recommended it makes complete sense. CRISIL Has given galaxy 'above average' fundamentals that is 4 on 5. Jus give the comapny 2 months and you will have more than 50% return on your investment 'mark my words'.
The company's track record in executing projects and bright prospects for personal and home-care products are reasons to invest in this offer. ----->The Hindu Business Line
Given the fact that the company commands a huge market share of up to 60 per cent and has ambitious plans for capacity expansion, it would make sense to invest in this IPO. ---> Dalal Street
Check out the recommendations by top analysts: http://www.thehindubusinessline.com/features/investment-world/stock-insight/article2019072.ece
Promoter and bankers of this issue might have thought that whatever price they will announce at least this issue will be subscribed 2-3 times. They will get money. In last one year almost all the Ipos have been subscribed more than 1 time except for claris. Because of that claris price band was further reduced and even then it listed into disount.
It gives clear message that whenever people will avoid these issues only then promoter/banker will ask for reasonable price band. Otherwise they will make fool us.
Today market fall gives us idea about how we have to be in case of the new IPO which is at present open for subscription. That too with high price, it does not deserve to get fully subscribed. I am going to give a miss.
well in such adverse market conditions galaxy ipo is a sure shot miss. lets unite togather and not apply in ipos which are highly priced even though have good funamentals.
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May 17, 2011 4:25:22 PM
IPO Guru (2600+ Posts, 2700+ Likes)
GALAXY SURFACTANTS LTD IPO
MARKET TREND HAS BEEN REVERESED TO DOWN WORDS GOOD SHARES ARE DOWN BY 5% OR MORE TODAY ON 17-5-11 EXPECT PFC BECAUSE ALL FINANCIAL INSTITUDE ARE BUYING TO KEEP THE SHARE ABOVR RS 215 MARK GALAXY SHARES ARE PRICED HIGHER ABOVE RS 280 AND I DO NOT NOW FEEL THERE ANY STEAM LEFT TO APPLY AT RS 340 I WAS RATHER BULISSH WITH THE ISSUE BUT ITS PRICING DOES NOT SEEM ATRACTIVE TO TAKE RISK AT LOWER NIFTY AT 5400-5430 ALSO THE PREMIUM SEEN IS RS 7 LIKELY TO FALL DOWN ONCE THE IPO CLOSES I AM GIVING AN SCIP TO THIS ISSUE AND IN NOO MOOD TO APPLY FOR AN MINIMUM LOT OF 20 SHARES OR LOWER BAND OF RS 325
ANY BODY HOLDING SKS THEN SELL HIS POSITION THIS IS RIGHT TIME BECAUSE THIS PRICE WILL NOT SHOWN AT THE END OF THE DAY AND IT WILL CLOSE AT HIS LOWER BAND SOO HURRY UP GUYS SAVE YOUR MONEY
Dear Sreedharji,Divya,Natrajan,Gane and all my dear Chittorgarh Boarders. I think we should sincerely teach lesson to all the coming IPO's which are totally Junk and asking for a exhorbitant premium from us. Please support me and let us teach a lesson to these fraud people which are eying our Hard earned money. Let us all keep our greed aside for sometime and show some guts. We have been totally fooled in so many of the recent IPO's like Future,Servakakshmi,Paramount,Innoventive and many.