Fundamentals are very poor ! Valuations are high. Objectives of the issue will not help the company in any way ! Future looks unclear !! Better to avoid !!
Dear Keshav ,IPO of both the Bandhan bank and HAL is over. Market sentiments are very poor and it may cause these to list at a discount price ! You could have avoided HAL ! HAL , though available at modest valuations didn't excite much. I don't expect decent returns in the near future. Both of them may list at discount . No idea of Karda Constructions !
Lemon Tree Hotels receives Rs 311 cr from anchor investors Lemon Tree Hotels has garnered Rs 311.60 crore from anchor investors on Friday, one trading day before the issue opens.
The hotel chain company has finalised allocation of 55,643,820 equity shares to 18 anchor investors which include SBI MF, NS Partners Trust, Mirae Asset Management, Vantagetrust, Indus India Fund, RBC, DB International, Gemequity, Doric, New York State Common Retirement Fund, Zaaba Alpine, HDFC MF and BNP Paribas.
These investors subscribed shares at higher end of price band of Rs 54-56 per share.
Price sensitive business. Loss making business. Recent listings of hospitality sector were bad. Market sentiments negative. I would avoid it with closed eyes.
I do not understand why companies are in a rush to launch IPO at this time of bad market. Let it be good company. It will face tough time even for full subscription. Had Bandhan come at the time of AU small finance , issue could have got huge response. ICICIdirect also will face problem.
26.2. jajo| Link| Bookmark|
March 24, 2018 4:41:38 PM
Top Contributor (300+ Posts, 200+ Likes)
@ IPO Jackpot, Companies are rushing through the IPOs before 31st March, 2018 even though the secondary market is on a down Trent. The main reason is the LTCG tax will be applicable from 1st April, 2018 onward. The Promoters and selling shareholders want to complete the IPO process & save Tax before the dead line. Also companies have to incorporate the latest accounts details in the offer documents after 31/03/2018 .
Excerpt from Moneycontrol.com posted around 35 minutes before…."The hotel chain company has finalised allocation of 55,643,820 equity shares to 18 anchor investors which include SBI MF, NS Partners Trust, Mirae Asset Management, Vantagetrust, Indus India Fund, RBC, DB International, Gemequity, Doric, New York State Common Retirement Fund, Zaaba Alpine, HDFC MF and BNP Paribas". This is something unexpected. When HAL, BDL and Midhani etc did not attract any anchor investor, how come Nimbu after incurring losses drawing them in hoardes? Is it all Marketing maya?? Mitron…..o mitron…..is there something underlying positive in this IPO which is missing our eyes?? Why HDFC MF, Mirae, NY State Retirement Fund are investing in it?? Or have they all become collective ulloos?
Average cost of acquisition of shares by the promoters is Rs. 11.74 and Rs. 36.07 per share and for selling stakeholders it is ranging from Rs. 4.17 to Rs. 17.18 per share. So they are selling @ Rs 54 to 56 and will make profit for themselves. Now they want you to provide them exit route by applying in the IPO.
He is a respectable analyst.see track record of his previous recommendations. For Lemon tree hotels he is recommending Avoid.rest we r to go through his analysis & interpret e.g if it is long term then generally we should avoid if market is not stable
15.2. A.K. Goyal| Link| Bookmark|
March 21, 2018 8:18:28 PM
Top Contributor (300 Posts, 100+ Likes)
He also said AVOID for HDFC Life Insurance. It was so silly for him to compare HDFC life with government insurance company IPOs. /ipo_review/hdfc-life-ipo/2516/
HDFC Life is the only bright spot in my portfolio in this bear market.