20% UC on BLS International today. Any update highlighting the reason ?
18.1. Seth.| Link| Bookmark|
March 16, 2024 3:19:54 PM
IPO Guru (1200+ Posts, 600+ Likes)
The fall was because valuation was very high above 60 PE and in correction overvalued company correct too much. But on 14th everything recovered as it is so same happened Here.
Above 60 PE investment is risky and people invest based on future potential of company , BLSE is in monopoly segment that's why it command that much of valuation but still at risky level.
@PeterEngland if that's what @newgen consultancy sir is referring to would you emphasize the same. Coz the same idealogy comparing it to the DESTROYER OF WEALTH by a few but as far as the previous listings of it goes, they did decent.
P.S: I applied with conviction in Kaushalya logistics but phirse same, no allotment
I am new to this forum and IPOs in general, could you please share on how to spot not so ideal anchor investors and more examples of such investors to avoid ?
# off topic Dear seniors please share your views on ireda. Its share price is falling more than what was expected to fall. What would be the reason for it. Since last month the share has LC for 10 days. What would be the ideal resistance point. I missed the profit booking. @newgen consultancy@Basuvr other senior members please share your information about it.
It's not building rocket... Plain lending business.
Why on earth does it deserve such high valuations???
IPO was issued at 30..and I remember folks were discussing to exit if it listed over 50...
It actually listed at 60...
You are saying falling more than expected... I think it gave returns way more than expected.
11.2. Vnrao| Link| Bookmark|
March 13, 2024 6:21:25 PM
Top Contributor (500+ Posts, 200+ Likes)
Not only IREDA, IRFC also has fallen from 192 to 124 levels. As they ran too fast within a month’s time, now consolidating and profit booking going on. Technically, IREDAshould take support at123.
the Bureau of Civil Aviation Security (BCAS) alleged that Krystal Aviation Services Pvt Ltd, promoted by Prasad Minesh Lad and his wife, created “ghost employees” in the payrolls of associate firms to “evade taxes”.
Also alleged For involvement in TAX EVASION and HUMAN TRAFFICKING
I know this company closely and what you highlight is correct but there is more - irrespective of GMP/listing gain (loss)/valuation/sector potential/management capabilities etc, I WILL NOT APPLY!
If I'm not wrong, it has been evaluating an IPO since about 10+ years.
@Newgen Consultancy @SVH@Kappo@MonsterZero and Dear learned friends I need your suggestions regarding with companies using AI technology. As I am in RED since couple of weeks I wish to recover fast. I need your recommendations of the below companies. AI focussed please. Tata elxsi persistent systems. kelton tech solutions. Cyient. KPIT. Zenstar. Saksoft. Affle India. Rategain Traveltech. Please advise Thanku all
@Cautious ProPrio No Sir , No mention of Krystal or Any Promoter in the list
9. G profit| Link| Bookmark|
March 9, 2024 5:00:21 AM
IPO Mentor (1200+ Posts, 300+ Likes)
The company is a good one with increasing revenues, growing PAT year on year, growth prospective industry. The ipo will be well subscribed only if the rate is priced reasonably, thanks to sebi for tightening ipo funding by nbfcs resulting in artificially inflated ipo subscription. Chittorgarh.com being one of the leaders in ipo analysis and it's forum also getting strong day by day, companies and Lead managers are watching the message boards, it will surely result in reasonable pricing, I hope. Leaving some room of profit for public.
8. CJ ROCKS| Link| Bookmark|
March 7, 2024 3:13:27 PM
IPO Mentor (800+ Posts, 500+ Likes)
@newgen consultancy Never mind sir bcoz 130 cr. is good Still good one for retailer. I think some madness will come down bcoz of lackluster ( way below the prevailing GMPs)listings of Exicom, Platinum and Mukka.Let's hope for the best.Waiting for good IPOs and your valuable analysis.Thanks 👍🙏
7. CJ ROCKS| Link| Bookmark|
March 7, 2024 8:20:13 AM
IPO Mentor (800+ Posts, 500+ Likes)
@newgen consultancy Thanks🙏 sir ji for your response. But waiting for a good sizable issue between 1500- 2000 cr bcoz allotments chances in good issues are decreasing day by day 😕.Keep posting and updating us.🙏
LM has a limited track record of two issues . These issues did not give too much listing day gains but did better down the line.
4.1. G profit| Link| Bookmark|
March 9, 2024 5:03:28 AM
IPO Mentor (1200+ Posts, 300+ Likes)
The role of LM is very limited in mainboard companies unlike sme companies where the ipo size is small and can be manipulated. Here in mainboard the issue size is large and only institutions and qibs can control rates .
@DTC You purchased on listing day? I got allotment, thought would be great new year party. Gmp listing 400. But now 220. Trapped. Takle me sab ko pagal banaya. @newgen consultancy Need your views on Mufti
If your only aim in life is perfection then you'll never hit target 🎯.
I bought at 283 on listing day and sold it for 313 on listing day itself but don't know why I entered it again on 280 it is backfiring like anything and also I made my biggest investment in this now I don't know what to do
2.2. CJ ROCKS| Link| Bookmark|
February 28, 2024 2:04:37 PM
IPO Mentor (800+ Posts, 500+ Likes)
@newgen consultancy thanks sir ji for briefing about the company. Keep posting such a knowledgeable posts.Keep updating and guiding us about the overall view of the new IPOs. Thanks in advance 🙏
1. We did not have any representatives from big investors or fund houses , only angry young men( the last guy was pretty angry, he was not able to form sentences, looks like mufti uncle would have got a beating from him) 2. Mufti Uncle says the PAT will be flat this year , although revenue might grow. 3. He says he still yet to see demand in this quarter Q4 4. The other investors did not sound very happy on when he said Q3 is a weak quarter. 5. The big question about other brands growing at 20% was avoided with the help of divine intervention( the call moderator) 6. Key concern was spending heavy on advertising. Now I felt that did not go well with analysts.