Pinky jain gave oversubacription of 100 times in hni. See urself this doea not even get 1 time in hni. Good lesson to expensive ipo. It is clear avoid. U can earn much more by buying good quality stocks feom secondary market
Grey market premium of power mech was 95 ..but listing on -50 discount....haha....lols
151. Septa| Link| Bookmark|
August 26, 2015 10:40:43 AM
(4000+ Posts, 4600+ Likes)
Book value of the company only increased bcoz of interesting book entry which is Consolidated Reserves got a boost due to amalgamation of NTL which boosted Capital Reserves Rs 22.95 cr and Share Premium Rs 215.55 cr.
AVOID AvOID
150. Septa| Link| Bookmark|
August 26, 2015 10:36:12 AM
(4000+ Posts, 4600+ Likes)
Navkar Corporation Limited IPO AVOID AVOID AVOID AVOID Pls read this article before applying http://www.moneycontrol.com/news/ipo-swot/navkarcorporationipolooksoverpricedvsfernando_2706741.html Navkar Corporation: Proven investor-unfriendly promoters underplay past IPO record!, says the expert.
Two decades ago they raised Rs 6 cr from public promising a lot, but could not deliver. That does not deter them from raising public money again and this time they want to mop up Rs 600 cr! In a disclosure-driven era, the least SEBI could have done is, insisting full disclosure on the failure of the promoters� past public ventures. What�s the point in providing a 601-page offer document which does not reveal the promoters� past record of raising public money? The role of investment bankers who do the cover-up of the promoters� unsavory past is deplorable.
149. Septa| Link| Bookmark|
August 26, 2015 10:22:55 AM
(4000+ Posts, 4600+ Likes)
Looking at power mech listing. Navkar is big AVOID AVOID AVOID. Babu CMD of power mech is grilled by Latha CNBC TV18.
I have sold my 80 shares 655
149.1. Septa| Link| Bookmark|
August 26, 2015 10:29:41 AM
(4000+ Posts, 4600+ Likes)
When Babu was questioned abt his company his answering was very very vague. Looks like bad edit from debtors will be a big issue for power mech which will substantially effects it balance sheet if you guys have got allotment better sell
148. Chem cho| Link| Bookmark|
August 26, 2015 8:29:26 AM
IPO Guru (2500+ Posts, 2700+ Likes)
Do not take RISK in IPO MARKETS STILL NOT STABLE DOW JONES DOWN 205 POINTS
Wait till 1400h tomorrow. See hni and nii subscription. If oversubscribed heavily then apply. Or if undersubscribed then be rest assured when it lists it will fall 10-20% from its issue price within a week. Buy then if anyone would be still interested in this stock.
146.1. Septa| Link| Bookmark|
August 26, 2015 12:05:58 AM
(4000+ Posts, 4600+ Likes)
good advice just another suggestion if power mech listing is flop which is tomorrow then do not apply even if HNI and QIB is oversubscribed.
do not think so HNI borrow the money short term at 2% for 15days so annual rate of 48%. so given the market condition interest has gone to 3% so 72% PA so this time interest fro HNI would be not much. bcoz the return would not be that handsome