@snipperraj.You are banged on. ameya may cross 200 x in hni so the chance of getting allotment is low. if jfl cross 10x you can try to get one confirm and if it crosses 20x .apply to get 2 lots . The operator is active so can give a 20k profit on the listing.
@Dilip Davda Sir There is a humble request if you could include few lines on debt position of company and its effect during IPO reviews please. In this IPO also there appears to be a red flag as far as debt is concerned. Me being a novice don't have any idea. Regards
Dear gurus I have been applying sme ipos through upi mode since last 2 yrs but till date not even single ipo allotted. All ipos were over subscribed. Do any one got allotment through upi mode
28.1. IpoRetailer| Link| Bookmark|
August 25, 2022 4:25:29 PM
Top Contributor (300+ Posts, 100+ Likes)
Not a guru, but yes I got SHIGAN using UPI mode. It was oversubscribed too. Mode of application does not matter, its purely a luck game.
What do you mean by two retail sme? Do you mean two seperate retails applications with 1 lot each? Or One application with two lots? As retail, you can apply one lot, anything more than one lot you will come under HNI.
Glenmark Life Science is one of the leading devlopers and manufacturers of slect high value Active Pharmaceutical ingredients. The other Details are below Market cap : 5394 Cr P. E. : 12.6 B. V. : 168 Now compare the values of JFL with GLS & decide. Happy Holiday.
No doubt GLS is one of the leading manufacturers of Pharmaceutical ingredients, but what is the outcome for investors.52 weak high is 726 against issue price of 720. Latest 440.50. All figures of BSE. When an investor has loss of 40% on investment, what to do. What is the intention of promoters. Do they think something about investors. See the share price of Glenmerk Pharmaceutical. At the time of IPO it was very high. All this factors matter. All that glitter is not gold. You may buy as many shares of GLS. That's your way of thinking. All the best.
Dear PKRAJ At the time of LIC ipo I have written in this forum, that the valuations of LIC IPO price is too high as compared to the listed peers of it. However many investors have opposed and not agree with my view. Any one can agree or disagree with anyone's view, it's upto them. Now one can watch the LIC where it stands. In this era everything is managed by funds.
My view is that when Leader GLS is trading @ 12.6 but this new pharma company is entering in the market is offering much much higher valuations. One may think this point if he loves his money. That's all.
@Maria When a Group like Glenmerk has not thought about retail investors, we must thin many times to apply in such SMEs. It's better not to discuss PSUs, Seldom friendly to the investors. But never learned any lesson. @Tesonaj We should than thank GLS for removal of shareholders quota, otherwise more losses: in GLS and GPL purchased for applying in shareholders quota. It is all for the best if I am not wrong. Hope for better profits.
I am not favouring the GLS. W h en you say that GLS is market leader in this field then obviously the other company's value may be lesser than the newer one. The new company is still long to go and prove it's credibility. I don't have the GLS in my portfolio but in the 90s Glenmark Pharma have given me a wonderful wonderful returns in past. My intention is just to bring the facts to the new comers and decide by the facts of Valuation of the company which is offering. I am not favoring or opposing just give the valuation facts in the forum. Money is yours hence decision is always your but don't say that no one have highlighted this fact.
To be very frank... Glenmark Pharma and Glenmark Life Sciences are having excellent brand value, High Quality, Strict GMP adherence, Many Stringent Regulatory Approvals (USFDA, EUGMP, PMDA), Very good Regulatory team for global product registration filings, CMO contracts with abroad companies, MA holder (Dossier registrations as a Sponsor company for many of its client abroad companies),.. More than anything, Quality of products is Top notch and it is a Trusted supplier for its clients including Patients, Complex formulations, Complex API molecules, Continuous aggressive expansion of manufacturing capacities, Most nice segment Oncology sector (min. 30% margins will workout), If I have to tell like this merits about Glenmark as a Pharmaceutical company / API producer, I should keep writing whole day.....
Finally in Quality / Technology / Brand value front, I give 5 star rating in 1 to 5 Scale...
but when it comes to the Investors front, it is 1star group out of 1 to 5 scale. This I am not giving, large public has assigned due to various reasons..... of no wealth appreciation, Least investor friendly management etc. etc....
Well mumy neighbour works in Glenmark and he says, do not invest in Glenmark. Books are manipulated and insider trading is huge. Pharmaceutical cartel is bigger than we think. Better to stay away.
@aspirant Very happy to read your last para. We are investors and our moto is not a loss. Company may be one of the best but when investors loose, everyone feels bad. Not investors friendly.
After the IPO of Glenmerk Group Life Science Company at 720.00, it is difficult to believe in this Company. GLS is at 40% down from its issue price. Difficult to say about this IPO.
18.1. Abhii VPG| Link| Bookmark|
August 20, 2022 3:09:04 AM
IPO Mentor (1000+ Posts, 300+ Likes)
Still much better among other upcoming SME IPOs in this month.
Can anyone tell how to apply SME IPOS in both BSE and NSE from ICICIdirect. Also can we sell from ICICIdirect if allotted and can we sell on same day.
14.4. Imhilli| Link| Bookmark|
August 16, 2022 11:25:41 PM
IPO Guru (1200+ Posts, 700+ Likes)
@IPO Hater Applying SME IPO through ICICIDIRECT is similar to the other IPOs. Only difference is that the price is fixed and lot size is big. You can sell on the listing day like other shares but you need to place one full lot for sell. One suggestion 🙂 No need to hate IPOs. If you can judiciously select the good one, it will definitely give you good return 😄