Why Motilal oswal and Edelweiss are falling so badl? Each down more than 3.5%. It seems these two have been quoting at higher price than icici securities.
May be valuations are bit steep, but I feel, much like Bandhan Bank, QIBs will show interest in this IPO while holding a long term interest. So I feel listing gains are surely possible here.
Not sure how it is listed in Axis but ICICI is showing following 1) ICICI SECURITIES LIMITED : ICISEC IPO 2) SHAREHOLDER CATEGORY ICICI SECURITIES LIMITED : ICISEC ICICI BANK SHAREHOLDER CATEGORY 3) MISHRA DHATU NIGAM LIMITED : MISDHA IPO
Dear Harit Apply ICICI and forget it for one year. You will see a magic return in this counter. After one year Rs.700 plus. Allotment is tough 1:6 for retail category. Even then apply. If not get any allotment just buy on listing below 550 or 560 and hold it.
Dear Baabu Simple calculation Bandan Bank receives 11 lakh forms. Icici will receive 14 lakh to 15 lakh forms. Therefore retail will subscribe 5 to 6 times. (2,63,000 forms available for allocation to retail)
54.3. juju| Link| Bookmark|
March 20, 2018 11:51:44 PM
Top Contributor (300+ Posts, 300+ Likes)
Or babu bhai, in terms of money, ICICI sec asks for 4017cr from market out of which retail portion is only 10%. Hence it demands just 401 crores from retail investors.. however, retail investors for primary market often shell out 1800 to 2500 cr ( e.g. in Bandhan 1.4x accumulates to nearly 2350 cr) ... so just divide 2500/401 you will get a rough figure about 6..
This above holds for a good IPO and when there is not much overlapping... Just got done with ICICI Sec evaluation... everything looks good but one concerning point is their such a low NAV of Rs.20.76 as on Dec 31, 2017
Motilal and IIFL both share price trading above 100 PE multiple...considering that ICICI Security way below cheap available at IPO price....Apply blindly and market also stable at listing time may be around 10400/10500...
Sorry dear Icici sec ipo is at about 31.5 pe acc to fy 18 results but motila and elderwiess are not at 100 pus. That pe is on standalone financials and on consolidated basis thet are at 40 to 50.cittorgarh is failing by not correcting it even after my advice. Icici will provide Rs 60 to 160 gain per share if it tades at 35 to 50 pe if market remains bullish.