I will go for the innovative tyre because of the seen subscription figure of the employee quota is very good and almost over subscribe if employee are bullish on any company ipo that ipo perform very well.....
Any one knowing the ipo allotment link for innovative tyre please share here. Linkintime is the REGISTAR but difficult to find the application status. Might be available in the mid night.
Main reason is mgmt is sound and honest. Also registar is link in time .along with that profitability is good and secotor will get benefitted.50-70%return in 1 month possible
yes i agree. they also work for ceat and lauching many products after ipo and increase their manufacturing capacity. definetly it will give 50-70 % gain after listing..
Guys now pls. beware before applying any sme ipo, as market is in bearish tone. Today sagar diamond got listed in discount, it was oversubscribed more than 9 times.
sagar diomand financial result r not good as innovative. innovative has good future and they r working with ceat tyre and launching new products after ipo. so it will give good return in short term..
Retail subscribed nore than 3 times. and QIB, corporate not even subscribe 1times. No QIB in this IPO. Should we apply? Retail subscription is higher. Doesnot look good to me.
people are comparing this IPO to ICICI Prudential which is wrong. This is a stand alone and I predict listing gains would be between Rs10-100/- it is a strong buy and hold for long term. don''t think it will list at a discount (that people seem to think). Look at the PATs and extrapolate future PATs - tells you ICICI Lombard is a definite buy. All this has been factored and priced into the valuations!