Negative sentiment, disturbed political atmosphere and global economic scenario are all indicative of lackluster listing of indigo paints. Not to mention, it was very aggressively priced.
3000 listing, won''t be lacklustre by any stretch of imagination. Unless nifty goes to dogs completely.
390.2. BubbleBoy| Link| Bookmark|
January 27, 2021 8:54:14 AM
Top Contributor (400+ Posts, 100+ Likes)
@Kishore Bhaiya ji, itna premium to HDFC AMC ne bhi nahi khaaya tha, despite having such strong brand image and market leader (at the time of ipo). Aur aap Indigo Paints ki listing pe isey double hone ki baat kr rhe ho. Vvv unlikely.
Pls guide applied 7 lots thru ASBA as I earlier used to apply thru UPI what is the probability of getting allotment, can allotment be affected by mode by which I had applied,ASBA OR UPI
I think it doesn''t really matters....total in irfc I applied for 3 lots....I applied one of irfc by upi and got allotment....I applied 2 by asba (of relatives) and one got alloted and one didn''t received allocation......
389.3. ColdBurger| Link| Bookmark|
January 27, 2021 7:56:04 AM
IPO Mentor (1300+ Posts, 400+ Likes)
Registrar matters. I feel some corruption is there with some registrar''s.
Without any doubt, INDIGO PAINTS will list with high premium but in a short run this stock will show a rollercoaster ride. As a fastest growing paint company in India, this is a great stock to HOLD for a LONG TERM, but there are high chances this stock will correct for a SHORT TERM. Below are 2 main reasons which can lead to SHORT TERM correction. 1. Higher P/E ratio (around 140) compared to sectorial P/E (around 94). 2. Operating margin (around 10.75%) is very low compared to peers.
388.1. jajo| Link| Bookmark|
January 25, 2021 10:39:55 PM
Top Contributor (300+ Posts, 200+ Likes)
I think Indigo Paints will list with good premium , but it will not sustain for short term. A strong player Grasim is planning to enter in high margin paint industry with 5000 cr investment plan and aims to become No 2 player.
Hi All, I have bid for 1 lot through Zerodha and my amount is also blocked in bank account. But I have not received mail from NSE and nse ipo bid verification says insert correct information after providing application number. How do I get confirmation if my application is submitted correctly or not?
Same thing happens to me. After successfully applying in IPO, Blocked amount and information in zerodha & Bid information in NSE was available to me for next few days, suddenly blocked amount information vanished from zerodha and in NSE "Please insert correct information" is showing. I am wondering, did they accepted my application and then rejected.
Ye kuch garbad chal rahi hai....all retailer and hni and also qib will get in ipo listing open price...big bull runining on Friday...company have 4.2 eps in nbfc and 2.8 lacs carore panding order for 2025 and 2027..all bullet trains finance of Japan passone from irfc so kuchh bada hona chahiye., primium is 80 paisa only so wait up for listing...if premium go above 2.5 or 3 rs so buy in grey market
382. Aniketiaf| Link| Bookmark|
January 26, 2021 10:35:35 AM
IPO Guru (1800+ Posts, 10200+ Likes)
Aniket ji, thank you very much for your kind wishes. We wish you, your family members, friends, relatives, near ones and all your dear ones a very very happy and glorious Republic Day.