Negligible dividend declared and share price tank down further. It is better to avoid PSU IPOs in general. But these IPOs are for disinvestment purpose and used for the welfare of the nation. So, if investors loose some thing it will be in the interest of our country. If our luck allow we can get some profit. So let these PSU issues at high valuation, let it be. The investors who want to serve their country may apply and others not. Apply, forget and forgive. Even in this IPO, people got something who sold between 910 to 920. Next financial year FPO will come. Think twice and apply. This is my view, decision will be yours.
Pehle bhi bola hai...aage bhi bol rha hu...if you feel share price would fall..Dare to short it ...earn money that way. Just saying predictions and tiny tales would not do good to you. Dare to earn things and post screenshots that you did what you believed in. Don't just keep crying over bad listing and bad performance of stock price. Margin milta hai intraday me... use karo.
Dividend of Rs 1.5 declared by LIC... no so exciting..
1754. arunARUN| Link| Bookmark|
May 29, 2022 10:34:12 AM
IPO Guru (1900+ Posts, 1600+ Likes)
In my read it is multiple applicant who have got hit more as average number of shares in Individual category is valued around Rs 23000. So it is multiple lot applicant or applying multiple lot who are feeling pinch
1754.1. Kami| Link| Bookmark|
May 29, 2022 8:07:01 PM
Top Contributor (300+ Posts, 100+ Likes)
pinch in 3lot go brrrrrrrrrrr 😢
1753. abc xyz| Link| Bookmark|
May 23, 2022 10:08:53 AM
IPO Guru (1100+ Posts, 1100+ Likes)
LIC continues in downtrend to 810/ No one is there to support it. Everyone was there to sell at higher value. Public lut ti rahe to lute.
1753.1. arunARUN| Link| Bookmark|
May 24, 2022 6:32:02 PM
IPO Guru (1900+ Posts, 1600+ Likes)
It is not public but investors and that too with PAN no and Demat account Not more than 10% of India's household have demat account. These top persons entered market by choice. Isn't it?
1753.2. antarix| Link| Bookmark|
May 26, 2022 7:29:17 PM
IPO Guru (1100+ Posts, 700+ Likes)
It is not the 'looting' of public or anybody. A choice was given to prospective investors to buy at a price. All the required information was given in 663 pages of RHP. Still, if people believed in 'bhedchaal' and applied blindly because their neighbor/friend/colleague/relative were applying , then there is no cure to this mentality.
1753.3. Jetha Lal| Link| Bookmark|
May 27, 2022 12:36:25 AM
IPO Guru (1000+ Posts, 2100+ Likes)
@antarix I absolutely agree to you. No one forced anyone to enter. There were two reasons: (I) Innocent people thought that they will get bumper profit in IPO as per past record of other IPO but they couldn't understand that it's a PSU and institution don't have interest in it and now they would have learnt that Risk come with return (II) They wanted to become part of India's biggest IPO and one of most famous brand of country, just they forgot that No biggest IPO made money for investors 😂😂
@arunARUN ji As per lastest data around 9 cr dmat account is in india which is around 7% of population of country.
1753.4. arunARUN| Link| Bookmark|
May 29, 2022 9:45:37 AM
IPO Guru (1900+ Posts, 1600+ Likes)
@jetha lal What matters is active demat account (traded atleast once in last one year) which numbers around 4 crore. Currently BSE has 10.6 crore registered investors. 2ndly it would be wrong to divide it by population of India as population will have many children who are not eligible to contract What is relevant is that LIC got just 40,07,528 unique PAN on day of allotment (shareholder data on date of allotment). This indicates that most of the policy holders also applied as retail applicants. It is not to undermine LIC but let us remember that Reliance power had around 42 lakh allotees based on IPO allotment way back in 2008 when demat has not become as popular
1753.5. Jetha Lal| Link| Bookmark|
May 29, 2022 12:53:44 PM
IPO Guru (1000+ Posts, 2100+ Likes)
@arunARUN ji I absolutely agree with regard to Dmat number and percentage of valid population. Forgiveness sir 🙏🙏
Come on long term investors, come on you nation builders. Stop behaving like traitors just because you lost your savings in a few IPOs by this promoter. This promoter should ideally invoke a special greenshoe option to allot 10 shares for every 1 share applied and demand that additional amount from applicants along with a provision of a jail term to teach a lesson to the defectors who won't pay up.
LIc ka share niche jayega ye baat internal source ko pata thi. LIc ne policy holder ke rupee se IDBI ko 26000 cr me purchase kiya and today uski mkt valuation 16000 cr hi .means 10000 cr loss . Ab ye loss jab tak pura na ho tab tak lic may touch 600 rs . Ye sirf down hota hi rahega
1751.1. Jetha Lal| Link| Bookmark|
May 28, 2022 12:40:35 AM
IPO Guru (1000+ Posts, 2100+ Likes)
Aise kaand LIC aur SBI karte rhte hain 😂😂 Ye dono sarkar ke sankatmochak hain🙈😂
1751.2. arunARUN| Link| Bookmark|
May 29, 2022 9:36:00 AM
IPO Guru (1900+ Posts, 1600+ Likes)
@Bhaskar Raj Can not see connection in having bought IDBI and loss to be recovered out of IPO and its connection with price prediction of 600. Please connect dots