Septa need your final verdict whether to apply in Navkar or not and if if depends on tomorrow subscription than at what time u will update us in forum as i will be applying through ASBA and needs to decide by 2 PM
logistic is market darling... but promoter records is very dubious twice they have looted public money in IPO this the third time.... they r approaching the market... It is not a GEM at lot from any angel however logistic is flavor of the stock market.. so lot of people will apply.
Given the very very tight margin market i think HNI will not participate in big number IF HNI participate then i will apply 0ne lot only
By what time HNI figures will be updated?? I think mood of investor will also be based on tomorrow secondary market. Will be good to watch on the china interest reduction measure
What will happen if this IPO gets oversubscribed in RII but under subscribed in total (QIB + NII + RII)? Will the share in NII and QIB be converted to RII and allotted to people?
With info on promoters not investor friendly this the third issue from the promotors the first two issue made investors loose lot does not put much hope on this issue given promotors history
POWER MECH subscribed around 30 tunes so people are worrying that this time also allotment won''t happen so everyone telling not to apply and everybody applying..... 3rd day we will find definetely more than 10 times........ i applied for two lots.....
Avoid buying at IPO price. Within a week you will get it at 10% discount. Its better not to apply now seeing the choppy market.Or if u want to apply then wait till 1400h tomorrow. See the msg bd to check hni and nii subscription. If retail subscribed and hni and nii not subscribed then the stock will open lower than issue price. Buy then.
At par listing means? Below the invested amount? I cannot understand
But you have told us to avoid this, this I understand. I am following your comments in all IPOs and always I follow what you say.
Thank you and give your valuable inputs always.
128. Septa| Link| Bookmark|
August 25, 2015 12:33:44 AM
(4000+ Posts, 4600+ Likes)
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.