Dear Mr.sabyasachi mohapatra, There is a lot of difference between Mindtree & IDEA.... If you just look at the size of the ISSUE of these two you can judge yourself..... The issue size of Mindtree is Rs 237.72 crores & it was oversubscribed by 30 times in the retailer segment. The issue size of IDEA is Rs 2125 crores & it was oversubscribed by 3.87 times in the retailer segment.
Now you do the math..... Cairn India is totally a different story...If I am not wrong it was oversubscribed by only one time....
So the moral of the story is that IDEA is not a dumb stock to have in your portfolio...At the same time I know that it is not a bumper stock like MINDTREE also....
whats in a name?? ..who knows whether sabyasachi mohapatra is ur real name or not??????? sir it would not be logical to compare cairn n idea because one is in an underperforming oil n gas sector and the other is in a booming telecom sector. moreover cairn was a flop as it was ignored by QIB's as well as HNI's, remember it was oversubscribed by just 1.3 times by QIB's as compared to 79 times in idea. i hope u got my point!!!!!!!!
u dont rely on qib and fii- in india no norms to have lockin period for their holdings
they also play like retailers
they take advantage of demand supply and market conditions on listing- but they have large funds and play in options futures to hedge losses and make arbitrage gains
mr.sabyasachi, i agree with u, 'truth is bitter', and the truth is that i seriously doubt ur knowledge of stock market....sir ur giving contradictory stataments...u urself have admitted holding 345*3 shares of idea which means u must have found either the fundamentals of the co. to be stong or the valuations of the co. to be attractive because i feel a person like u who has an experience of 20 yrs would not apply for any ipo blindly. now why have u turned so -ve on a co. in which u applied 20 days back....i'm sure idea as a co has not changed much in the last 3 weeks. also i would like to draw ur attention to the fact that idea was oversubscribed in the retail category by only 3.6 times because it was a huge issue..on the contrary mindtree got huugely oversubscribed because it was a small issue....we should not forget that idea got oversubscribed by 79 and 23 times respectively in the QIB n HNI category despite being a big issue. QIB n HNI investors do their research and only then invest.so i request everybody to just ignore mr.sabyasachi who i feel is definitely not as knowledgeable as QIB's.
Just how big is the bubble ? My sense is that this bust will take with it some of the big names in the property business .......One of them is from delhi .....These property guys are into Big Time ghapla its a game between the Banks- Housing finance companies - Developers.
Developers raise money using the Banks and construct ,ready projects are sold to DUMMY PEOPLE who exist only on paper thru the Housing finance companies route . while the developer recieves the entire money upfront the DUMMY BUYER has a 20 year time frame to repay and so the builder parks a fraction of his booty in the dummy buyers A/c to repay Installments on time .... So the story goes .
i myself got idea with strategy to sell at good premium at listing only.
not for longterm.
all those who are not finding my opinions proper i can undersatand their emotions
i was like them only in first few years of my trading life.
for gentlemen holding ifci \ hold it
will reach 40 by year end dont worry
you can buy idfc - better than ifci. i myself hold ifci at 7.80 paise 2000 shares
i bought afetr studying its unlisted assets.
ttml was laggard in last few years but now it has broken resistance will move-if some one backs birla why not back tata-they have been wealth creators
my friend look at market share of idea and then say
ok some told to see research reports
my answer is see the returns given by research reports from recommendation date to current date
u can find this on www.myiris.com-go in section research.
infact prudential icici-elss has been huge underperformer in that elss segment.
friends i have been investment banker and know what games company play . i have intrest in idea of 345*3 shares which i will sell on opening bell.
i have got ttml 1000 shares for 14 rs even if it not perform it is giving returns- i will hold for another 5 years
typicallyy we retailer always exit stock when we should buy them.
idea is not yet national player and will take more time-why wait that out but relcomat any fall
if any of you have doubt that i might be some investmemtnbanker in mnc or gujarati stock broker let it be- in all case i am showuing u practicality u will see-one thing i tell u
gujarati stock broker will not share this imporetant otr any information -i have seen that in my career
they are very sharp and enterprising-u can imagine 40% trading in stock market is done by gujarati community
i know them - i have had experience in my 20 yeras carrer
tanla solutions- i myselh have got 100 shares in but friend i sold it at 420- but in your situation u can hold for long term
i will reenter at 250 and start accumulkating
remember 1 thing
I AM HERE FOR HELP- YOU MAY OR MAY NOT FOLLOW IT BUT TRUTH IS ALWAYS BITTER-ANY CASE NIFTY AFETR TOUCHING 3851 WILL TEST THE LOW AGAIN AND REACH 3600 AND THEN 3200.
GOOD LUCK.
where did u find profit in idea. oversubscribtion by qib is not indiacation of real money.
see retailer subscribed only 3-4 times while mindtree they subscribed 30 times.
see cairns what happened?
some people told they will manage through merchant bankes price stability
but see parshvanath dev. appointed morgan stanley for price satbilisig when stock was at 420 and what haappend.
in market never be emotional that i have learned in 20 years.
Hi Tanushree, Can you kindly tell me how is that you know that QIB's have brought mindtree @ Rs 900/- & Cairn India is a story of taking the retailer for a ride....I lost Rs 15,000/- & it was because of my fault of not waiting till the last day... It was subscribed by about 1.32 times approx on the first day & I applied to Cairn India thinking that it would be subscribed at least 3-4 times but it bombed & QIB's withdrew their money & left the retail investors with enormous loss....Cairn India is currently trading at about Rs 120/- But I think Mindtree is a different kettle of fist altogether...It would sustain Rs 700/-
I have been reading mr.sabyasachi's recommendations for a few days now and with every passing day i am getting convinced that his knowledge abt the market is very limited. i have seen his recommendation of tata tele falling from levels of rs.30 to 20 over the past two yrs and i do not know how it will get to rs.100 in 5 yrs as stated by mr.sabyasachi. i think he is simply stuck with an underperforming stock like tata tle and is recommending others to buy it in order to get a better exit price for himself. moreover for my friends on this blog who r confused about whether to hold idea my suggestion would be to just visit www.icicidirect.com and look into RESEARCH section which provides POST-ISSUE REVIEWS. they clearly state that idea is a long term hold and will list at rs.90 if u guys dont believe me, atleast believe icici rather than mr.sabyasachi.
all the best for idea listing..hope everyone makes huge profits!!!
I would like all retailers to sell mindtree consultants and teach all non retail and qib a lesson.see untill mindtree reaches 900 all qib are in loss so you should sell your shares and let them make huge loss as they have caused us loss in cairn and other ipo.I request all retailers to sell the shares of mindtree soon and if they want to purchase buy at 500
I agree completely with Mr. Sundaram and his views.
I advise all allotees to use their discretion before following any market rumors. Remember this is cyber world, and it is fairly easy to create chaos because no one knows who you are (an investment advisor in MNC or a Gujrati stock broker)
Furthermore, Mr. Sabyasachi; IDEA is not a loss making enterprise; read the account books and your recommendation to compare it with TTML stands void prima facie , which operates only in Maharashtra ,where IDEA is going to be a national player in years to come with already a presence in 11 states. All broking houses apart from First Global had given IDEA a buy recommendation, so decide for yourself.
Note: Again, I advise all allotees to use their discretion. Also IDEA is a issue with Green Shoe Option so merchant banker will ensure the price stability. Lastly, I think its better to do some research or hire some professional advise about markets rather than to rely on a free anonymous forums.
All above are my personal views, please feel free to ignore them if you would like to.
Mr.sabyasachi mohapatra, If I can draw your attention to a couple of things, Firstly Mindtree listing was exceedingly good yesterday, inspite of the bad markets....It listed with a premium of approximately 50% & held the same throughout the day...
Now coming to listing of IDEA...Yes I do agree that Reliance communications & Bharti(Airtel) are established & Niche players in this sector, but having said that, don't you think that India can accommodate atleast 3-5 big players in this sector...I have not considered HUTCH-VODAFONE in my views, simply for the reason it may take some time for them to settle their internal differences & get the boat moving....
I am of the view that India can certainly accommodate atleast 3-4 big players in telecom sector & one reason to be positive enough is that "IDEA" is owned & run by a big business house, the BIRLA group of companies & they may not allow the price of the share to go below the issue price...
All the views expressed here are my own views & Investors, particularly Retail investors are hereby advised to exercise their own discretion & caution while trading.....
Last but by no means the least I neither do hold any MBA degree nor am I an Investment banker......
i ma not confident but i am sure that idea will list above 90 rs and maintain above that whole day.will see 105-120 rs in 1 month when markets wil be strong. this stock is long term bet like tcs see tcs opened at 1050 issue price 850 and now with bonus it is above 2300 ntpc listed at 82 now 132 educomp listed at 225 now 800 . rel comm listed at 290 now 410,bharti listed at 45 rs now above 700
I have just entered in share market and today i bought 500 shares of IFCI and lost 1000 rupees.:) So can u tell me what should I do shoud I sell them or keep them for long time.
now see-if market falls all stock will fall nothing will be spared
now idea have come at peak time to mop up maximum amount
trying to get valuation as got by huch-fromvodafone
but it is not of same size
idea is only in mobile business
while others are in landline,broadband,tower etc. so they are less risky
see today every overvalued stock was beaten down
idea is loss making and getting money to expand-so in 5 years it has no been able to grow like other telcos
i simply say compare it with any of this rcom,bharti, ttml ,mtnl u will see fundamentally it is weakest
on listing day demand supply plays the price
but in long term they donot-so forget abt long term
i think there will be huge supply of this stock from retailers who have seen ipo at discount and combined with short selling which is profitable strategy now will further dent prices