I already told you, too high price, you will get in open market below 1000 in coming days. Good response from retail investors as they didn't apply in this IPO. Those who applied they will get 100% allotment. Exit early.
332.1. arunARUN| Link| Bookmark|
November 12, 2020 1:37:23 PM
IPO Guru (1900+ Posts, 1600+ Likes)
Give some good reason for price to go down. More stronger hands are currently holding equity and enough headroom for FII to participate
331. rsk| Link| Bookmark|
November 12, 2020 10:20:00 AM
IPO Mentor (600+ Posts, 300+ Likes)
Divis Lab > Sept Qtr EPS is Rs 19, tad bit lower than Gland
@Ram No face value does not matter. What matters is the book value or NAV when you compare it with EPS As we all know Britannia is a good stock but it's face value is 1.
If it goes below 1500, I will buy and if goes below 1000 I will buy more. I don't see anything wrong in the business. Well performing company and consistently making profit.
China’s regulatory authority accepts Fosun Pharma clinical trial application of mRNA vaccine BNT162b2 for COVID-19
Please visit the bwlow link for detailed information https://www.globaltimes.cn/content/1206562.shtml
326. arunARUN| Link| Bookmark|
November 12, 2020 7:48:24 AM
IPO Guru (1900+ Posts, 1600+ Likes)
Some of boarder are giving wild figures for Gland without giving any reason. I respect all of them. However, would request to state the reason why? It may turn out right or wrong but it is better than i feel so I see mutual fund further demand emerging post January 31, 2021 when it officially becomes part of large cap club. Don't worry even at 1400 it would be part of that club as top 100 club last script is around Rs 20000 crore market cap
Yesterday just looking at QIB subscriber on NSE and BSE, FII, Domestic mutual fund, Insurance companies and surprising the fourth (as I understand) was Pvt Companies. Promoter Fosun pharma was holding 74% pre IPO and after IPO 58%. So Foreign investment allowed in this company upto 74%. And the anchor placement and QIB subscription shows that Foreign investment will not cross 65.
Listing in my opinion will be in 1400-1580 range. 2nd Quarter result is due also.
324.4. Paymzia| Link| Bookmark|
November 11, 2020 2:06:29 PM
IPO Guru (2400+ Posts, 4500+ Likes)
No need to apply now for medium to long term . We can buy after listing , here problem and question is listing gains that's it Any one can say blindly medium to long term
Hi The chances of listing discount is very low.. The retails n HNI's who applied for this IPO are aware of GMP n applied based on longterm view.. I dont think QIB's sell the shares due to chinese promotors. QIB's motivated to apply b'coz so far Gland pharma did not received any warning letter from USFDA. I am so confident that QIB dose not apply to make listing gains n shortterm profits.. If there are no sellers for the shares, then the chances of listing shares in discount is very low..
This remembers me the issue happened with sheela foam ipo, A good company marketed bad in social media n people realised the value of company on listing day n bought shares at 30% premium.
323. sauravk| Link| Bookmark|
November 11, 2020 11:13:56 PM
Top Contributor (200+ Posts, 400+ Likes)
Market has rallied to all time highs and quite unexpectedly so but do we all feel our portfolio did not do as well? This is true for all retail investors like us. Small and Mid caps have grossly underperformed and a mega mega rally is due big! World has so much liquidity that money is bound to come in equity and beyond a point Large caps will become very expensive. After lot of research, I have come up with a list of small and mid caps which look very promising for excellent returns with very limited downside. So here are my Diwali 2020 picks. Do your own research and take decisions based on your risk appetite:
good luck. all these companies have healthy business, shown great resillience in results in pandemic, attractive valuations, very little downside, huge potential, good management!
318.1. Splendid| Link| Bookmark|
November 11, 2020 10:30:45 AM
Top Contributor (300+ Posts, 100+ Likes)
There is nothing like Anti National or Patriotism in Share Bazaar. Keep all that thing aside. If you are not able to take risk dont apply as simple as that.
It looks like post listing of the stock we may get the shares at a good value around 1200. Not sure in just 2 years what has changed in structure of company. Chinese promotors paid around 600+ per share and in 2 years they are offering share for more than the double the cost price. Looks like if the same trend continues by afternoon retail investors may withdraw their tendered applications. Should be a good lesson for greedy promotors. Big investors and fund houses invest public money and they are not going to loose anything. Retail investors are the group which will be mainly impacted by investing in such overvalued stocks.
If you are not sure in last two years price from 600 to asking price 1500...then on what basis your are saying post listing it will be available at 1200???
If you don't have data behind what you are saying better keep your view with yourself...
Those who have applied.. ignore all talk of GMP and everything else. This is a gem to be treated as gold. Just dont sell on listing day for few gains or to book paper losses.
314.1. arunARUN| Link| Bookmark|
November 11, 2020 8:15:46 PM
IPO Guru (1900+ Posts, 1600+ Likes)
Basis of statement. ? All HNI and retail investor have put in money knowing that they will get full allotment. I dont know any one who will knowingly take risk (there is no lottery) and everyone who applied knew about poor GMP So why should it open low? There should be some logic? All existing investors shares will be locked in barring ED's share And amount of time they took to dispose HM's share is well known
313. Eagleye| Link| Bookmark|
November 11, 2020 7:35:52 PM
IPO Guru (6600+ Posts, 21900+ Likes)