540. UjwalG| Link| Bookmark|
January 23, 2024 11:42:51 AM
IPO Guru (1300+ Posts, 600+ Likes)
Koi to hold karlo :) Reading all msg, Everyone seems exited on day 1 SEBI data is correct, 70% exit in 1 week. Anyways its all about risk appetite, since everyone cant keep holding shares, they need to rotate money. Cheers to more allotment in future
This company is bound to cross 500 in a day or two for the following reasons:
1. First mover advantage (No listed peer) and first TPA to get listed. 2. Selling pressure is almost over (i.e. those who were looking for only listing gains would have already sold during the day). 3. Debt is Nil. 4. Health insurance is growing and this company is enabler for Insurance companies, Hospitals and Policy holders. No risk involved in the business (risk is for insurance companies). 5. Long standing relationship with Insurance companies. 6. Group insurance market share for this company is 42% 7. Asset light business model. 8. Reasonable valuation of 31 PE at IPO price and now trading at 35 P/E at current price of 462. 9. Staying strong even after brutal market sell off.
Note: This company is like Protean which listed couple of months ago with flat listing and rallied 50% within 15 days bcoz of first mover advantage and reasonable valuation.
539.2. Nifty Singh| Link| Bookmark|
January 23, 2024 5:46:49 PM
Top Contributor (200+ Posts, 100+ Likes)
@Lokesh Chiru Agreed. Holding two retails. Have checked the listing price after market closure which is a testimony of my confidence in the insurance TPA business. Similar to reforms in railway, defence, and renewable energy, I anticipate the next wave of reforms to impact the insurance sector. It's solely based on my intuition; I don't possess any insider information.
Also, another point is, as soon as Financial year starts in April, money will be flowing to insurance companies for buying Health insurance schemes. So it will even grow in upcoming quarters
Sorry bhai log wo sirf guess tha, lagta hai mujhe lottery mein luck try karna padega, aur haan maine to abhi apna 1/1 retail rakha hua hai, someone suggested ki agar paise ki zarurat na ho to share hold karna 😊
@LyricsSage Loved your honesty brother Varna Aaj kal forum me koi bhi tukka lagane ke baad expert ban jaate hai aur public bhi unko bhagwan banake har IPO me unse "expected listing price" puchti rehti hai
Sold about 30% at avg of around 497. Will sell another 50-60% in 520-550 i.e. above today's high, whenever it comes. Will retain 10-20% in LT portfolio.
Reasons behind target price: new business model in the listed space.. No competitors in the listed space, Hence mutual fund companies n PMS will acquire the stock to balance their portfolios n entering into new sector.
Groww account login nahi ho raha.very bad service from groww...
524. crsl| Link| Bookmark|
January 23, 2024 10:02:21 AM
IPO Mentor (600+ Posts, 300+ Likes)
Exited @ 505
524.1. crsl| Link| Bookmark|
January 23, 2024 10:35:37 AM
IPO Mentor (600+ Posts, 300+ Likes)
Sometimes it happens I placed order in pre-open session @505
After pre-open settlement price @460, i tried to modify order price to 549, but zerodha not permit modify order after settlement price and between listing (i.e. 9.45 to 10.00am), so order not modified, and instantly @10.00 am order executed, so cant modify order @10.00am as order executed, if order modified to 549 may be unable to sell above 500 as instantly it was trading around 480