Everyone knows it's a good company, but it seemed like everyone who predicted discount listing was targeted heavily as naysayer to a polar belief. Being a good company doesn't mean price is justified or it can't be overvalued to some, or even that it'd list at premium because "it's a good company".
It has listed in discount, now where it goes doesn't matter. The "naysayers" predicted it right, have open out look and healthy discussion always. Market is king.
Market always have second movement at around 10:30 am...specific reply for this case.
PS: this is my opinion, do make your own study.
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May 17, 2022 9:50:38 AM
IPO Guru (1100+ Posts, 1100+ Likes)
Where are all big pundits who have suggested to apply. Now the moment where u can buy lic at much more discount price no one will buy it. Govt is again making fool to t he public
Pre-open at minus 8.11%. Still have this gut feeling that it could rally once the trade opens. Mkt is in green, did not apply in the IPO, but best of Luck to all who have been allotted! There would surely be buying in this counter. Just maintain stop-losses