did anyone go through the "Objects of the Issue": 1. Branding and Promotion - Great thought, so will we see SRK asking us on a TV Ad to send greetings via 123greetings... ha ha ha... screw me 2. Purchasing a corporate office at Kolkata - Not an expansion definitely, could rather buy a flat for themselves 3. Investment in technology infrastructure - Nothing particular mentioned, may be they are planning to buy Microsoft :-) 4. General corporate purposes - Like buying liquor so that they can enjoy and have a party after looting us 5. Issue related expenses - Wow, blame it on us 6. Achieve the benefits of listing on the Stock Exchanges - this one steals the show if you ask me
So all in all, this company doesnt need an IPO for Business Expansion. They just want to loot FOOLISH investors (also known as PIGS in Stock Market terms - not used here as a derogatory term, refer website INVESTOPEDIA for details)
To sum up this IPO, it is a BAD option for long-term. he only good thing about it is the small Mcap. This could mean huge over subscription churning in huge listing gains.
Wait for the last day, if the overall subscription crosses minimum 50 with less than 2 in retail, only then go for it...
Disclosure - I am avoiding it. I prefer a more safer bet. Currently I am going long on Concurrent Infra. You can also have a look and decide accordingly
Hi friends........should i apply for intrasoft? will there be good listing gain as gmp is high? plz reply esp GEM IPO FINDER. i have also been alloted 80 shares in DQ against my single full application.
I think one shoud opt for this IPO. As it has very small issue size, it will give good listing gains. Just wait for retail subscirption till last day and apply for it..
Grey Market Clues suggest we must go for Intrasoft & not for Goenka As GMP is very high for Intrasoft. Again it is niche Player but very small like Jubiliant Foodworks. Go for it.
for CA Nitin : Nitin g money matters only not Who is,what is doing,and what are the fundamentals. only and only give money to authorities and take permission. After all money money money so much funny.