I have applied 7 apps... This reminds me of sheela foam when eagleye was the only one interested... Hope stock market keep surprise me????
290.1. Lokesh Chiru| Link| Bookmark|
November 11, 2020 2:11:53 PM
Top Contributor (400+ Posts, 300+ Likes)
Yep I too feel the same. I have applied for 10 lots. Everyone was ready to apply if issue price was 1300 and at that time when market has not rallied GMP was 200 so now it should be atleast 250/300. So now Rs.50 mininum pop up on listing will be there. It is a high growth company issued at 30 PE at TTE basis and 22 times PE on FY21 forward basis. I don't understand why it is being said as expensive. I understand it would have been nice if it was priced at 1300 but like any promoter would like to earn money I think now as pharma industry as well as market has rallied a lot I think they have priced at 1500. As Retail and HNI will be subscribed below 0.5 times there would not be much selling pressure on listing day. Indeed FII's and QIB's will be looking to corner bulk of the shares as and when Retail and HNI will be selling and most probably the issue will be closed with 10% premium at least on listing day.
289. Eagleye| Link| Bookmark|
November 11, 2020 2:08:04 PM
IPO Guru (6600+ Posts, 21900+ Likes)
Gland Pharma IPO
LAST Day at 3:05PM
The following data is assuming the shares will be issued at @1,500/- (upper price band)
QIB*: 06.29X (*Excluding Anchor) NII: 00.24X RII: 00.21X Total: 01.96X
*RII Applications: 1.82L* Approx No. of Applic-wise: 00.12X
Gland Pharma IPO GMP 23 +/- 1
288. KING VINOD| Link| Bookmark|
November 11, 2020 2:05:44 PM
IPO Guru (2400+ Posts, 5300+ Likes)
Gland Pharma IPO Subscription Last Day @ 03:05PM QIBs - 6.09X HNIs - 0.21X RIIs - 0.21X Total - 1.90X
287. mDelhi| Link| Bookmark|
November 11, 2020 2:04:07 PM
Top Contributor (200+ Posts, 100+ Likes)
Today is the second time and am not seeing senior members message/ advice No emotion, No calculation Just applying and as per retail figure, it will be a confirm allotment
Again I am applying for a lottery Lets see how listing will gonna happen
286. Eagleye| Link| Bookmark|
November 11, 2020 2:03:19 PM
IPO Guru (6600+ Posts, 21900+ Likes)
Gland Pharma IPO
LAST Day at 3:00PM
The following data is assuming the shares will be issued at @1,500/- (upper price band)
QIB*: 06.06X (*Excluding Anchor) NII: 00.21X RII: 00.21X Total: 01.88X
*RII Applications: 1.83L* Approx No. of Applic-wise: 00.12X
285. Eagleye| Link| Bookmark|
November 11, 2020 1:47:46 PM
IPO Guru (6600+ Posts, 21900+ Likes)
Gland Pharma IPO
LAST Day at 2:45PM
The following data is assuming the shares will be issued at @1,500/- (upper price band)
QIB*: 05.79X (*Excluding Anchor) NII: 00.21X RII: 00.21X Total: 01.80X
*RII Applications: 1.83L* Approx No. of Applic-wise: 00.12X
Bhaiyo QIB ki koi responsibility nhi hoti hai kya kahi bhi paise dalte hai indian people ke paise china ko bhej rhe hai bhul gye apne shaheed javano ko complete boycott IPO Lekin QIB ne success kr diya
I think this IPO is being massively underestimated. QIBs will make a beeline for buying of the shares and as very few shares will be present in the hands of HNIs and Retail, these will be gobbled up quickly. thereafter there will be little to no free float in the market and no chance of entry for anyone.
This would be like waiting to buy Route Mobile at 600 (many gurus wished that) Route in the mean time crossed 1150 and now trading close to 900.
281.2. P Patel| Link| Bookmark|
November 11, 2020 1:29:51 PM
IPO Mentor (900+ Posts, 900+ Likes)
Mr. rsk - Route was great IPO and majority opinion was to subscribe with full force... But this one too expensive and do not expect to list in positive.
Route as a great IPO is like a rear view mirror story. Its not that ppl are not interested but they want cheaper, Its already priced cheaper compared to peers. Any ways quality comes at price, market values growth, 1500 is just a number > too expensive? ppl are just ignorant or mis-lead Remember half glass full is half glass empty> its the perspective you have
280. Eagleye| Link| Bookmark|
November 11, 2020 1:27:36 PM
IPO Guru (6600+ Posts, 21900+ Likes)
Gland Pharma IPO
LAST Day at 2:25PM
The following data is assuming the shares will be issued at @1,500/- (upper price band)
QIB*: 05.19X (*Excluding Anchor) NII: 00.19X RII: 00.20X Total: 01.6X2
*RII Applications: 1.70L* Approx No. of Applic-wise: 00.11X
Gland Pharma IPO GMP 18 +/- 1
280.1. lokes| Link| Bookmark|
November 11, 2020 1:41:38 PM
IPO Guru (4400+ Posts, 5100+ Likes)
if gmp is positive 18 rs then why no one is applying from retail ?
Route mobile was different story. It was oversubscribed. This share has little interest to people. People who are saying they are applying and holding for next 6-12 months is not sensible decision. After listing, share will give ample opportunity to enter at much lower levels ,at least 1350 and maybe below that. People who wants to take chance for listing gains can still apply but not sure how much listing gains it will give, i it gives and how long listing gains will last. With no buyer at this price, it will trade much lower after listing.