PLEASE THROW SOME LIGHT ON WHETHER TO APPLY IN THIS ISSUE OR NOT AND PLEASE DO NOT DISCUSS RNRL OR RELIANCE POWER IN THIS FORUMN,
WE ARE CONFUSED A LOT AND HOLDING OUR INVESTMENT ONLY TO GET SINCERE ADVICE WHETHER TO APPLY OR NOT, MR. RAVI BANGALORE PLEASE DO REPLY IMMEDIATELY AS WE CAN APPLY ONLY UPTO 3.00 PM ONLY
HELLO INVESTOR.......ACCORDING TO DATA AVAILBLE AT NSE WEBSITE THIS IPO SUBSCRIBED ONLY 3% TILL 12:00 O'CLOCK. THIS INDICATES THAT PEOPLE ARE LESS INTERESTED IN THIS IPO. IN MY OPINION ON THE BASIS OF EPS, P/E RATIO, P/B RATIO....THE PRICE BAND IS HIGH........AND THEY DIDN'T LEFT FOR THE RETAIL INVESTOR. KEEP AWAY FROM THIS IPO.....AND WAIT FOR SOME GOOD IPO WHICH WILL COME IN JULY SESSION.
Its evident how big might be the company with whatsoever crisil rating or fundamentals , if you dont leave anything on the table no body would subscribe the issue.
It will be difficult for this issue to sail through
(a) earlier IPO of this group in 2005 gave heavy losses (b) This time it is available on very high P/E (c) Very very low subscription (d) 500 Rs commission on the form(earlier Ganesh jewellery also did so) (e) GMP:- 1.6 Rs , application 1000 Rs(These are only rates, very very little trade in market)
Stay away from this IPO, there are many good IPOs to come in this July season
The fair value of the share is 195 and event at upper band 175 the share is attractively priced. Those who can afford to hold the share s for next 2 years must invest. Their plan of expansion is superb and if nicely executed we are looking at an EPS of 11 - 15 and hence a PE of 175/11 - 15 = 16 - 12...not a bad deal for long term investors.
the so called experts who said hindustan media is good have again failed retail investors are not appling but they applied for aster silicate now we have to learn an lessons see the retail investors sbcribtion and apply for ipo