The pricing for share with Rs.1/- face value seems to be on very high side. The company is trying to exploit the bull run in the market. Investors need to be cautious about these aggressive pricing.
Eid festive Muslim operators busy hence grey not active hence GMP falling. Falling GMP less people apply becose Muslim investor busy hence bogus ipo. For HNI loss in all ipo with no premium no attraction. Hence no fund available. HNI bid heavy in QUESS NOT IN L&T
L&T Infotech, which is going for Rs 1,200-crore public offer on July 11, will provide investors a rare opportunity to enter the country''s information technology sector through capital markets.
Betting big on the growth potential for IT services sector backed by banking, financial services and insurance sectors, the L&T Group Chairman A M Naik HAS termed the IPO of L&T Infotech as "virtually a last opportunity'''' to board the IT services bus.
Highlighting the large-scale and scope of the IT services arm of the infrastructure major, Naik said, "Today we know that overall IT sector is not necessarily a booming sector, but, L&T is the only company which is the last and the sixth largest which is coming to market. There is no other parallel. So, if people want to invest in IT sector at all, this is virtually the last opportunity. After that there is hardly anything which is going to come to the market."
A discount of Rs 10 per equity share will be offered to retail individual bidders on the offer price. The bids can be made for a minimum of 20 equity shares and in multiples of 20 equity shares thereafter.
Naik expressed confidence of receiving good response to L&T Infotech IPO. "And we have attractively priced because we are always pro-shareholders. So you see, last 15-year history L&T has always given returns," he said during his visit to Ahmedabad for the IPO roadshow. The issue closes on July 13, 2016.
The parent company, Larsen & Toubro, is offering 10.3 per cent of its stake to the public in a price band of Rs 705- Rs 710. At the upper end, L&T Infotech is valued at around Rs 12,000 crore.
PNB housing finance approaches SEBI with DRHP, to raise about 2500 crs in ipo on Tuesday. Company reported Rs 327.57 cr PAT on a revenue of Rs 2699.54 for the yeat ended March 2016.
Someones comments are reproduced below for everyone to see and analyse for himself. Can u trust this guy. I have altogether stopped responding to him as its not worth wasting ones time on useless craps of this individual.
1173. Khemka Jul 2, 2016 11:28:07 AM IST Some 1 or 2 said, mgl will go bellow 490 , but it don''''''''''''''''t seems so , it may start northward from 520 to 565/575 this month ends .next month end 610 types likely.medium term playing will be a good idea.
1173.2. Khemka Jul 2, 2016 12:24:00 PM IST My target for cover at 496 was only for listing days trading since on listing maximum traders buy early on hope of selling higher at closing but settles ultimately lower.1 may say anything mind changing or but i think monday 538 possible
Now some1 who flip flops so much- can he be trusted? One day up move the person becomes upbeat n predicts it will cross 560 n ultimately 600. Next day the stock moves down n the person says maha turtle. Can move to 490 n below. Now what to believe? Can this person be trusted for a mature view?
1200. Khemka Jul 5, 2016 7:32:18 PM IST Reply Maha-turtle all set to dip bellow 500 , so i again back to my old view, will regret again after it breaks 490 labels .after all anyone are not big pundit. Retailers should exit for short-term.
See moneymatters investing in any IT shares right now is risky. However, I would prefer HCL Tech personally. As far as L&T info is concerned apply for single lot and exit on listing day with whatever u get. It will open in positive but how much cant be guessed. The stock can move down from listing price on the listing day itself. Hence, those who are not allotted are advised to remain patient till the time some stabilization is seen in its price after listing.
218.2. Khemka| Link| Bookmark|
July 6, 2016 10:44:21 AM
(1000+ Posts, 400+ Likes)
Karvy already face 1 year ban by sebi, few years ago for cornering all ipo shares preventing allotment to genuine retailers of ipos like indiabull , sasken,and many more, no fresh scandal hear thereafter by karvy
one year period band was not to undertake new primary market assignment including acting as syndicate member or providing syndication services (procuring IPO applications and bidding in IPOs), directly or indirectly, in IPOs for a period of one year for case related to IPO scam during 2003-2005 period. however The ban awarded in june 2015 and period finished June 2016. However the order also said that any IPO which they have already undertaken the can continue however no new assessment so we have seen many IPOs by karvy during the ban period. the real IPO start the day company files with SEBI not the date the IPO is open.