2136. Earthking| Link| Bookmark|
October 22, 2024 9:57:08 AM
IPO Guru (1300+ Posts, 500+ Likes)
Again a roller coaster ride for Hyundai GMP,from yesterday low of again 18 rs seller's to 50rs buyers in night, morning trades bhav again went up to 65/70 Difficult life for GMP.trader. Let's hope for best listing now,it will boost sentiments. Source from X by well known trader
2135. sahab| Link| Bookmark|
October 22, 2024 9:56:01 AM
IPO Guru (1100+ Posts, 600+ Likes)
▪︎ Macquarie Initiates With Outperform With A Target Of 2235 Implying An Upside Of 14%
▪︎ Nomura Initiates With 'Buy' With A Target Of 2472, Implying An Upside Of 26.1%
Macquarie : Hyundai Motor India | Initiation: PV premiumisation & growth pure play
Key Points
- We believe HMIL deserves to trade at a premium PE multiple versus peers due to its favourable portfolio mix and premium positioning.
- Powertrain optionality, including parent capabilities and market share upside risk from new models/powertrain launch, are medium-term positives.
- Initiate at Outperform, With a Target Price of 2235, Implying 14% upside to Issue Price
Nomura : Riding On Style And Technology
HMI Poised For Healthy Long Term Growth Due To Ongoing Premiumisation
– Long Runway for Indian Car Industry – Current Penetration at 36 cars/1,000 People
– Initiate Buy, TP Rs 2472 Est. to deliver 8% vol CAGR over FY25-27F driven by 7-8 new models (Including Facelifts) & its EBITDA Margins to Improve to 14% by FY27F from 13.1% in FY24; led by Improving Mix, cost reduction & Operating Leverage
Dont believe on fake reports , their hidden agenda can be different.
2133. arunARUN| Link| Bookmark|
October 22, 2024 7:58:25 AM
IPO Guru (2000+ Posts, 1700+ Likes)
Basis BOA Category wise allotment Retail 2.19 crore share Employees 0.06 crore share sHNI 0.43 crore shares bHNI 0.78 crore shares Balance to QIB of 14.22 crore shares offered of Retailers 46.60 lakh shares are storng hands (nearly 20%) who applied for 98 shares and hopefully they dont panic quickly 50% retail shares are either 1 lot or 2 lots. It will be interesting to see how they take their call Most important not a single NBFC or AIF got allotted so zero pressure on that count All other categories of QIBs got more in public round as compared to anchor bit. Interesting part will be MFs/FIIs as question Whether they got more than what they wanted or less is not known at this moment.
Moreover, QIB has 65.4% of free float instead of normal 28.57 and Non QIB has 34.6% in contrast to Normal 71.4% It is expected to blow hot and cold for sure.
2128. sahab| Link| Bookmark|
October 22, 2024 9:25:38 AM
IPO Guru (1100+ Posts, 600+ Likes)
Best for indraday stock and this share give highest intraday gain
2127. sahab| Link| Bookmark|
October 22, 2024 9:21:02 AM
IPO Guru (1100+ Posts, 600+ Likes)
Hold is gold
2126. sahab| Link| Bookmark|
October 22, 2024 9:01:45 AM
IPO Guru (1100+ Posts, 600+ Likes)
Listing may be may not super hit but after listing it skyrocket.
2126.1. Smile✍️| Link| Bookmark|
October 22, 2024 9:12:01 AM
IPO Guru (1800+ Posts, 1100+ Likes)
Best wishes to all. Praying for a good listing. The promoters made money, now it's the turn of all those allotted, and they want to protect. Let's see how the market absorbs this. If QIBs remain calm,then there’s no problem.
Listing is very unpredictable in this stock, already retail and HNI under subscribed who may sell in panic and then may increase valuation 3000 in 10 days.
Macquarie on Hyundai Motor initiates Outperform with target price of Rs 2235
2119. arunARUN| Link| Bookmark|
October 22, 2024 7:47:27 AM
IPO Guru (2000+ Posts, 1700+ Likes)
Hyundai BOA out in paper Looks like lot of application rejections compared to what we saw as reported applications Average retail allotment 14.7 shares Retail and HNIs mislead into applying at lower rate. Nearly 17.38 lakh shares applied for price less than 1960 (so obviously not alloted) Nearly 47,000 retailers opted for 14 lots while only 23,000 odd opted for 15 lots indicating many believed like me that sHNI may move into lottery stage. Nearly 7% of sHNI gave price quote of less than 1960 (Don't know what they were thinking while blocking the money). More strange is 9% bHNI applying for less than Rs 1960 (obviously they are not bought applications unless GMP operator asked them to change price by modification) Maximum rejection took place in employee category. SOME HOW that is not strage what it indicates is that lot of people thought this to be better category to apply not knowing that RTA has PAN number list of all employees. Obviously discount can not be given to non employees
2119.1. Earthking| Link| Bookmark|
October 22, 2024 8:44:11 AM
IPO Guru (1300+ Posts, 500+ Likes)
BoA uploaded in our forum too ... lot of rejections ...