215. lokes| Link| Bookmark|
November 6, 2017 10:30:58 PM
IPO Guru (4400+ Posts, 5100+ Likes)
this ipo will give good listing gains and short term gains in comparison to its all listed insurance companies....i am going to apply in it definitely and expecting good subscription figures from QIB and NII too specially on last day after refund of NIA and mahindra logistic ipo money....
Bro, if you are looking for long term investment, then there are far better stocks already in the secondary market.
214.3. Huzefa| Link| Bookmark|
November 7, 2017 1:27:16 PM
Top Contributor (300+ Posts, 200+ Likes)
Dear Rajesh, even as a long term investor why buy in IPO, when as per current GMP trend it is certain that the stock will be available below its IPO price in few trading sessions. So why not buy from market in lower than IPO price.
Huzefa , thanks for your advice if it is going to open below issue price then i will also avoid this ipo and will try to buy after the ipo is listed
213. ipo share| Link| Bookmark|
November 7, 2017 2:10:39 PM
IPO Guru (1500+ Posts, 700+ Likes)
Anchor investors have huge money which they have to invest and they have no problem in investing for long term. However, it a totally different case with HNI and retail, most of whom eye listing gains and then revolve that money in next IPO. From that perspective, this IPO is totally unsuitable. It is a kind of fixed deposit for 3-4 years.
Most of the recent IPOs are trading below their listing price. So, one should not go for this as it will be available to you at the same/below price after listing as well.
ET : the portion set aside for anchor investors is Rs 2,322 crore -said to be the largest ever -the insurer has received commitments for about Rs 50,000 crore, or 22 times that amount, one person said.
May be people want to buy anything which has HDFC in it''s name whatever may be the price! I''ll wait till 3rd day look at the subscription figures and decide...
208.2. MickeyP| Link| Bookmark|
November 7, 2017 11:50:34 AM
(300+ Posts, 500+ Likes)
Gamble Sir, thank you once again. We are thankful to you all senior boarders here for providing guidance to all of us. God Bless you all...
208.3. techuser| Link| Bookmark|
November 7, 2017 11:53:29 AM
IPO Mentor (500+ Posts, 300+ Likes)
@gamble, I think QIBs are going to subscribe this in the last hour of last day. So, better not wait for that and use our own strategy while applying any IPO. Nowdays, the QIBs/NIIs playing game with retail investors. So let''s not trust them and show the power of retail investors.
Instead of checking if QIBs have subscribed or not, let''s make the situation like that the QIB will check how many times it has subscribed in retail before applying :D
208.4. Huzefa| Link| Bookmark|
November 7, 2017 1:34:37 PM
Top Contributor (300+ Posts, 200+ Likes)
I will go with Septa sir. As he is avoiding this issue so will I.
Most of the brokers are recommending to Subscribe,Read this article http://www.businesstoday.in/markets/ipo-corner/hdfc-standard-life-ipo-opens-today-should-you-subscribe/story/263416.html
207.2. Huzefa| Link| Bookmark|
November 7, 2017 1:32:16 PM
Top Contributor (300+ Posts, 200+ Likes)
No doubt it is a good stock for long term but given the steep IPO valuations, it is not recommended to block money at current price. Same stock can be bought later from secondary market. If GMP is 10-15% above its IPO price on last day at 2:00 pm then there can be possible listing gains.
Massive issue, requires 18.68 lakh RII applications for 1x subscription, looks most likely be massively under subscribed even if so called great parentage.
HDFC Life is seeking premium valuations because of its Illustrious Parentage. Robust Anchor Subscription of 8 Cr. Shares at the upper band of 290 is another attraction. If HNI portion receives good response by a couple of times subscription then Retail can follow suit expecting a listing gain of 10 to 15%
I fell better not to apply for HDFC Life also if you see negative sentiment due to too many flop Insurance IPOs. Also look at ICICI Lombard insurance IPO is not doing very great.
AISA MUZE LAGTA HAI.... But depends on oversubscription figures on last day on QIB and NII which shows sentiment and demand.
I like the management and their investor friendly rhetoric..at 15x P/BV, Close to 60x PE & 4.2x Macap/EV there are surely a lot of recreational bones left for the investors to chew on.. Just don''t think about the flesh...it''s for the promoters to gnaw at..and it finishes a real fast..that''s short term.....unlike the bones that investors can chew on for a real lonoooong.