It all depends on the Retail investors. If they sell in panic there will be free fall in the price. Sometimes operators do this to purchase shares at lower price. But if the promoters are good they may not allow the price to fall much as it will affect their reputation. But there are a large number of cases where price has bounced back strongly and posted decent growth. Therefore, if one has been allotted any and share, he/she should wait for a few days at least. So all the best and have a decent listing tomorrow.
I believe there is a chance of listing +-5% from the issue price.Investor who have the patience to hold for 2-3 years,they can reap the benefit of this company.
Allotment is out. I got the shares. When is the listing date and what is the expectation? Also has anybody ever sold their SME ipo shares with ICICI direct? Is there any different process that we have to follow to sell these SME IPO shares?
Regarding expectations, I would like to share that despite so many times oversubscription of Shanti Overseas why it has made Ashanti to its investors? It is because people don''t understand Companies, apply for it and sell in panic causing to financial loss. So my advise is that if you had applied and have been allotted have confidence on your decision. Don''t be panic. You will be rewarded. In the recent past there are some sme issues which were oversubscribed several times but performance of all these companies are not good. Whereas there are some companies which were oversubscribed by 2-6 times but their performance is good. Good luck.
You can sell/purchase sme shares just like other main line shares provided your service provider has thus facility in their etrade account. Otherwise you can sell through broker. Yes, Shanti Overseas got listed in NSE SME, day''s high is 60, low is 40 and closing 42.55.
I deeply analyzed their products, looks to be cheaply priced issue when we factor in that. Most companies like this are in the hands of VC''s and when they come for listing & someone has already eaten malai out of that. Its a company to watch out for unexpected gains if they deliver what is mentioned in prospectus
i infact like Octaware technology recently listed SME . If anyone wants to buy that stock is way cheaper. Octaware technologies have some leaders as global partners.
how do you find it cheaper. there are no peers in india listed yet. Such low sales and profits usually dont command such high premium. i dont find their growth rate good as well
As on 28-Jul-2017 15:15:00 IST Cumulative Demand (no. of shares in lakhs) Bid Price (Rs.) Note: Cumulative (NSE) bid quantity at each price point includes the quantity (NSE) bidded at that relevant price point and all valid bids above that price point.
Total Issue Size 3780000 Total Bids Received 341910000 Total Bids Received at Cut-off Price - No. of times issue is subscribed 90.45 Graph Logic
(* indicates bids position and not necessarily the subscription to the issue– bids received on the Exchange platform only)
As on 28-Jul-2017 15:15:00 IST Cumulative Demand (no. of shares in lakhs) Bid Price (Rs.) Note: Cumulative (NSE) bid quantity at each price point includes the quantity (NSE) bidded at that relevant price point and all valid bids above that price point.
Total Issue Size 3780000 Total Bids Received 341910000 Total Bids Received at Cut-off Price - No. of times issue is subscribed 90.45 Graph Logic
The company is creating complete digital healthcare ecosystem which can create great value in medium to long term
The PE is 53.66, since no Indian peer is exactly comparable we checked the Global pears in the similar space, Veeva systems got listed at Nasdaq at a PE of 202
I think it''s wrong to compare this company with Indian IT services peers, it''s a SAAS based product company with IP, which can have much higher PE than what is expected by the company Probably this would be first IP driven software product company in stock market
I have personally invested after doing all these due diligences
Did analyse 8K miles, they are primarily resellers of the IP of some other company. They do provide SAAS based products but as a reseller of someone else''s IP.
Regarding PE multiple, please check the prospectus at SEBI, it says 53.