Whether you subscribe or not, your fund manager will. Indirectly we are all part of this market circus. Someday this will go in NPA of funds / banks. News will made and we will forget this ever happened. If there are no listing gains and IPO is dodgy then don't apply. Recommendation - Avoid with a smiling face as true beauty doesn't need mama Earth Or any other cosmetic brand. This is corporate version of patanjali. Cello is a far better and a consumer friendly brand. Go for it FF. In Long term - you'll be 👍😊
118. Venkatram| Link| Bookmark|
November 1, 2023 1:47:42 PM
Top Contributor (300+ Posts, 100+ Likes)
Guys I might be the most contrarian here but I think this IPO is worth a application, While all the startup IPOs have been a disaster, I think this and Paytm might prove the critics wrong not immediately but in 3-4 years. Apply only if you can forget this amount for the next 4 years. I am applying only 1 retail lot as test case.
What is the reason behind your prediction about ME being a good bet in long term? Is there any USP of thier products? or any patent that company holds?
They are just over leveraged on Influencer marketing .. that's all the company got. It should not be treated as a beauty and personal care products company but a "Marketing company" who spends 40-50% of revenue in ads with very few repeat customers.
118.2. Venkatram| Link| Bookmark|
November 1, 2023 2:38:26 PM
Top Contributor (300+ Posts, 100+ Likes)
Couple of reasons - Reduced valuables compared to original Moon like values, seems to taken in market feedback, Products are good (have used a few) better than Pamoline, HUL kind though not sure they are organic standards. Loyal customer base, Seen their entire product range in multiple places and even outside India in shops catering to Indian Immigrants (Africa, US some places). So they have a market share for sure. Hopefully I think they will start lowering marketing and increasing their margins in next couple of years in any case this is a leap of faith so only 1 retail lot I am applying if I change my mind will cut my losses.
Haa to Bhaiya ji jab correct valuation me aa jayega tab lena abhi se uda teer q lene ki soch rhe ho
118.4. Venkatram| Link| Bookmark|
November 1, 2023 3:34:50 PM
Top Contributor (300+ Posts, 100+ Likes)
Valid Point Sanji Like I said Leap of Faith so taking a limited amount bet, will buy more if it corrects and I feel it is a portfolio stock or cut my losses only time will tell.
@Venkatram You may be right in your thinking. I am no one to deny. But today in my opinion Hana deserves one line :
EMPTY VESSEL MAKES MUCH NOISE
For long term it may be a *RELIANCE POWER* also. I'll be happy if I am proved wrong.
118.7. Venkatram| Link| Bookmark|
November 1, 2023 7:16:04 PM
Top Contributor (300+ Posts, 100+ Likes)
@PKRAJ Sir and others yes I was with you till yesterday today I have this radical view but it is mostly a failed strategy. Want to put my hand in the fire and see. We will all know the results on listing day. Till then this is a epic counter strategy. With 95% failure probability.
@Venkatram don't agree with your view on the long term...there are many other companies in secondary market with better valuations available for long term.
Although, I am planning to go 4 full retail lots for a 2-5% listing gain. Given all of the retail investors have been scared by finfluencers, I think we might see a positive listing for this counter. Not planning to hold for long term at all.
118.9. SamJos| Link| Bookmark|
November 2, 2023 5:42:31 AM
Top Contributor (500+ Posts, 100+ Likes)
@Venkatram 1) When nobody able to time market after 1 week or 1 month, why make any plan for 4 years? 2) If good result after 4 years, we will purchase after 3-4 years. Till then let us try other ipo & earn money. Rather than purchase 1 shni lot now, invest in other ipo, earn money for 5-10 lots in 4 years & then purchase 5-10 lots of homsa. 3) If good result after 4 years, why purchase now? Can purchase later when available with 50-70% discount to ipo price.
Will apply 1 Bhni as pure gamble if QIB numbers are encouraging for pure listing profit/loss..
107.4. jay here| Link| Bookmark|
November 2, 2023 11:33:24 AM
IPO Mentor (800+ Posts, 700+ Likes)
Applying only 1 shni if qib crosses 15-17x
सर्वे भवन्तु सुखिनः, सर्वे सन्तु निरामयाः
107.5. PLAZA| Link| Bookmark|
November 2, 2023 11:57:41 AM
IPO Guru (2400+ Posts, 1300+ Likes)
WILL APPLY ONLY ONE APPLICATION EITHER RETAIL FULL OR SHNI LOOKING TO SUBSCRIPTION AT 2.45 PM TODAY IF QIB SUPPORTS JUST FOR TAKING CHANCE OF UNPRDICTED PROFIT / LOSS ....
107.6. PLAZA| Link| Bookmark|
November 2, 2023 12:11:07 PM
IPO Guru (2400+ Posts, 1300+ Likes)
ONLY IF QIB CROSSES 10+
107.7. MuStrFc| Link| Bookmark|
November 2, 2023 12:12:30 PM
IPO Guru (3000+ Posts, 2400+ Likes)
Applied 1 Retail, just to see how this turnouts if allotted.
107.8. The Nest| Link| Bookmark|
November 2, 2023 12:49:15 PM
Top Contributor (300+ Posts, 200+ Likes)
Meri taraf se mere mutual fund ne hi invest kr diya
104. Heathslayer| Link| Bookmark|
November 1, 2023 9:58:32 AM
Top Contributor (300+ Posts, 100+ Likes)
Dilip sir says may apply but why? why should we give 105 pe to this loss making company when so many profitable companies are trading at below 10 PE in market? for eg: GE Shipping trading at below 5 PE.
Current valuation is very much high if they genuine care for public then company valuation should be 643 CR only with share price of 20 rupees per share then it would be oversubscribed easily. But in this case I don't think this ipo will be successful.