Please, do not put money blindly for listing gains, it may be a risky and painful also. The market is going to correct by 4-5% in couple of weeks due to fed action and sentiments are on negative sides, Better keep money in hand and put in good quality stocks when at attractive prices!!
People without experience in IPO were applying blindly on the advice of experts , experts have understood that they are not getting allotment and not giving proper advice Now 50 % have been shunted out as they do not know whether to apply or not ,Hence there is good chance of allotment and listing gains
203.1. pablo Escobar Sep 15, 2016 8:41:21 AM IST | |
If u see wipro by mutual fund holding...then icici in top..strange na?? .. Milibhagat hai sab ki.....only Anil .manibhai Naik hi paisa dega..aur koi nai...aaj 100x pakka NII mai...wait and see..retailer will run for applying but server becomes down..oh... o..
276. CLD| Link| Bookmark|
September 15, 2016 8:26:46 AM
Top Contributor (500+ Posts, 100+ Likes)
Q: SHOULD I APPLY OR NOT IN IPO ?????????????????????????????????
No one is 100% sure to give you 100% correct answer.
If you would have applied in all IPOs previously without thinking anything, even then you would have made good profit in 80% of IPOs with minor loss in remaining 20% of IPOs provided you would have sold your allotment within one week of listing.
My advice is to just check subscription at 1 pm. If subscription from QIB & HNI is to your satisfaction then apply otherwise don''t apply.
If you belong to Delhi/NCR then I can help you in submission of physical application upto 4 pm after observing subscription from QIB & HNI at 3 pm.
Henceforth I will be posting subscription figures at 1 pm & 3 pm regularly on the closing day of IPO which can help you in taking the decision.
THEY HAVE NOT GIVEN ANY RETURNS IN PAST FEW YEARS ON ANY OF THEIR IPO. ALSO AT SOME POINT EASILY BUY FROM SECONDARY MARKET AT DISCOUNT. INFACT LT INFOTECH IS MORE CHEAPER THAN THIS
LOOK AT LT, LT FINANCE AND LT INFOTECH ALL ARE DRAGGERS.
KEEP AWAY AND AVOID. YOU CAN EASILY GET AT DISCOUNT ON LISTING
Response to the issue after second day is a tepid one In earlier IPO issues retail category used to attract enthusiastic subscription. This time it is missing. Tomorrow when the issue closes I guess it manages to scrape through or HNI category investors who are missing in action on first two days of the issue will they come in droves on the last day of the issue ? if this issue manages to scrape through , it shows in front of collective wisdom of IPO investors even a professionally managed comapny doesn''t stand a chance. Would the scenario have changed had the comapny offered a generous discount to retail category of investors ?
I do agree, Mr Naik is making us fools and small investor trapped looking a marginal grey mkt premium. Same story is going to repeat like LNT Infotech, so be cautious this time.