PB Fintech had a good listing in 2021. Around the same time, Star Health opened in negative. The last startup to list was Mamaearth which opened flat but gave some gains since then. This makes me want to risk it with Go Digit, which is a digital-first player in an untapped market.
However, greedy valuation for a business where accounting is hard to make sense, jittery market, and negligible GMP make me want to not risk it. Plus, this will list late next week, which is a lot of time between issue close and listing for the election nervousness to buoy it either way.
I'll use QIB subscription as a cue here to decide on the last day. Thanks.
cobra and elephant gang said to be fearful when others are greedy and to be greedy only when others are fearful. so this is the best example of this company. everyone is fearful that's punters want. recent example. JNK,VODA,BHARTI
124.1. Hrishikeh| Link| Bookmark|
May 15, 2024 11:30:54 PM
Top Contributor (500+ Posts, 100+ Likes)
Retailers ke liye to ye ipo hai hi nahi. This is only for qib and hni. Aur aajkal retailer se kuch farak nahi padta.
119.2. Esparando| Link| Bookmark|
May 15, 2024 9:51:56 PM
Top Contributor (500+ Posts, 100+ Likes)
@Ankur Goel I see you are tagged as 'IPO Guru' and I assumed you know the rules of the game... but I was wrong.
There is a reason why retail is set to 10%. Please check out online.
118. AMIT IND| Link| Bookmark|
May 15, 2024 9:22:57 PM
Top Contributor (500+ Posts, 100+ Likes)
After listing of Aadhar housing finance & large number of player in same peers and types I would avoid this expensive bet. Risk reward ratio is also not suitable as issue size is huge. Better to sit on side line. Even decision of of sitting quite is also a decision. Happy investing
Not looking impressive. Besides Insurance and AMC companies have overshot their fair valuations. I dont see either of the sector performing in the near term. Intend to stay away. The only positive thing is the anchor book... Not applying unless I see strong institutional interest and a fair listing gain chances, will then apply n exit on listing day...
Will try to study the RHP today with few brokers report. But would appreciate if someone (who understand the sector) can post revenue model or their thoughts about the IPO and how it differs from other insurance companies.
Last day, Last hour candidate. Too many attractive SMEs on similar dates, so subscription of BHNI won't be that much, I guess. Anchor is good, but many recent IPOs in spite of good anchors and of course good balance sheet fails to list on a good nod.
Overall, Sentiment Negative, Balance sheet is not impressive, Insurance as a whole Sector is facing challenge - Competition and PAT challenges
So, Prima Facia, Sell and apply candidate on good rates.