You are right....the stock will surely have +10% opening as there will be large buying from QIB''s and DII''s. Also, considering opening up of positive US markets and closing of EU markets on positive notes, Indian markets will surely open up in positive. Its just that public should control their emotions and hold on tightly !!
790.3. R R Patel| Link| Bookmark|
September 27, 2017 12:15:29 PM
IPO Mentor (800+ Posts, 3400+ Likes)
Listed little bit below expectations but range as expected. Dont sell with little bit profit. Make it long term portfolio stock for wealth creation. I have 2 lot and will remain 1 lot for long term and profit booking in 1 lot above 800 in short term.
ICICI lombard is better than SBI due to following reasons: 1. ICICI Lombard issue size is 5400 Cr compared to 8400 Cr of SBI. 2. Employee quota got 10% discount in SBI and got shares at 630 Rs. So they will definitely sell on listing day. 3. Retail was undersubscribed in SBI at 0.87 whereas 1.28 in ICICI.
Duly agreed!! However SBI has bigger base of customers than ICICI and numbers will be key players in driving the stock. Employees will be selling heavily on listing is a presumption which may or may not be true and may not cause a big impact since HNI must already be gearing to invest heavily post decent listing if ICICI Lombard. Except ICICI/SBI we are expecting few more public sector Insurance IPOs, but I guess we all know how our current government treats Public Sector companies. Retail subscription may not be a true indicator of the stock returns (check Matrimony). Not to mention market has been maintaining a negative sentiment since last few days. Retail investers are driven by listing gains, which are anyway not to be expecting from long term stocks like SBI.
I hate ppl like you who normally get happy to see retailers making loss. I don''t know how you enjoy this. Anyway, look at current market price 683 (+22), which is like tight slap on your face....now enjoy...