I refer to your (and others like you) comment that IPOs or FPOs issued by companies owned by Govt. of India, are instruments for looting investors, especially retails investors.
The comment is most unfair, as my won experience detailed herebelow indicates. I am deisclosing personal information merely to draw your attention to how wide off the mark, your views are.
In the recent past, the value of such shares alloted to me valued at issue price, is Rs.207,294. The shares allotted are NHPC 285 @Rs.36; Oil India 57 @ Rs. 1050; NTPC 280 @ 201; NMDC 260 @ 285; and United Bank 108 @ Rs.63. Even after incurring a loss of Rs.1,553.25 (if I sell my NHPC holding now), I am still at a profit of 10,515.75, or 5.07%.
Why do you only crib about investments in companies owned by Govt. of India? Why are you not uttering a word about the devastating losses (in some instances of over 90%, also in my portfolio) caused to investments in some of the private sector companies?
If you cannot be objective and express yourself without bias, then the least you could do is to get off this board, in your own interest, and more particularly on the investor community.
I hold no candle either for the companies owned by the Govt. of India, or those belonging to the private sector, but my research is based only on safeguarding investments made.
If you were to say that investments in the equities of the companies owned by Govt. of India, perhaps I would have endorsed your view.
Dear BJ,I have read about non disclosure of HNIs & FII Subscription figures.Not sure if it will be implemented by 1st MAY but it is seriously under consideration of SEBI & will be implemented soon.
Hi gem,Nice to see your post.The Issues which I had mentioned have already received SEBI observations,JP Infratech not yet Issued,Hopefully It should come soon,more so if it comes with reasonable valuations.
Issues coming soon(Mostly this month)--------- Kabirdass Motor company PCI Limited Mandhana Industries Glenmark Generics Ankita Knitwear PNC Infratech Tarapur Transformers Fatpipe Networks and a host of realty IPOs like Oberoi,Lodha,Ambiance(7 of them)
IPO market looks dull now.It will pick up in a few days.Hopefully from now onwards Subscription will be at reasonable levels unlike 100 times subscriptions.Money can only be made when subscription is reasonable(Cox,Jubilant,REC,DB corp) & those who can differentiate wheat from chaff will definitely make money.Higher subscription uneccesarily leads to selling pressure .
temptation foods ltd is a growing co. its earning and profits are growing steadily year on year but surprisingly FIIs are exiting from the stock while nearly one and half year back they were holding 40 % in the co. presently it is trading at 31.4 while its EPS is app. rs 21 & p/e is 1.5. do anyone have the idea ?