It all depends on demand and supply..... My gut feeling it will list at discount given the market condition and di and fi have become risk aversive after that then will move up or further down idepending on company quarterly result. Peers CFS have been hit hard this correction Container Corp of India Ltd was 1700 during the IPO today it hit 1256 intraday that a correction of 26% from one month high...... Would not be surprised if navkar IPO see this correction. At issue price PE was 30 plus..... Even market leader available at big discount
In line with my previous post.. considering avg. PE of recently listed logistic companies.. 20% upside i.e. listing at Rs 185+ won''t be surprising. So once rational investors start investing after panic selling by retail investors.. we can expect price to go above 185
It looks like it will list at Rs. 170 or more. I suggest everybody not to bid in pre-opening. Wait till listing time (10 AM) and see the listing price. Don''t rush to sell at listing price. Big players are playing game at listing day. If sellers are more then suddenly they stop buying and take price to offer price (Rs. 155) or lower. This will create very panic situation for small investors. If no enough sellers are there, price will automatically go up by Rs. 5 to 10. I am very sure this is Logistics Company and big players will active tomorrow. Both newly listed logistics domain company VRL and Snowman gave excellent return in last one year. Believe me this is good company and logistics domain is on Central Government''s radar. If you have holding capacity then wait for one to two week. You will get good return. Long position is even better. We have experienced that 70 % to 80% retailers sold their Syngene shares at Rs. 295 to Rs. 305 on listing day. Within one week, it touched to Rs. 370. Majority of companies, which listed in last one year still trading at higher price than listing price i.e Snowman, Wonderla, Sharda, Shemaroo, VRL, Syngene, Manpasand, PNC, Ortel etc. Please note that this is my views only. I am following this strategy for this company in this market condition.
How it is possible to get 285 Shares in single application ? Pls confirm it that you have got 285 shares in Three applications or in One application. It is a matter of concern if you get 285 Shares in single application becoz Navkar was subscribed 1.62 times in retail quota and if the company allots 285 shares to a single application then it means there is firm allotment (who so ever applied has got). Means People has withdrawn application after IPO close. In firm allotment case it may give Neutral to Negative returns.
Hi friends.. Ek news hai which effect Navkar listing price.
महाराष्ट्र में सस्ता होगा पेट्रोल-डीजल, सरकार हटाएगी LBT
नागपुर। महाराष्ट्र सरकार ने आम लोगों के साथ ही पेट्रोलियम डीलर्स को बड़ी राहत देते हुए राज्य की 25 म्युनिसिपेलिटी से लोकल ऑडी टैक्स (एलबीटी) खत्म करने का फैसला किया है। इससे पहले राज्य के मुख्यमंत्री देवेंद्र फड़णवीस और वित्त मंत्री सुधीर मुंगंतिवार ने पेट्रोल और डीजल से एलबीबी हटाने की घोषणा की। मुख्यमंत्री के आश्वासन के बाद पेट्रोल डीजल पंप डीलर्स ने सोमवार को बुलाई हड़ताल भी वापस ले ली। 15 दिनों में लागू होगा निर्णय राज्य के वित्त मंत्री सुधीर मुंगंतिवार के अनुसार सरकार 15 दिनों के भीतर एलबीटी हटाने का निर्णय लेगी। सरकार के इस निर्णय से राज्य सरकार पर 280 करोड़ रुपए का अतिरिक्त बोझ पड़ेगा। हालांकि सरकार एलबीटी के बजाए दूसरे वैकल्पिक कर लगाने पर भी विचार कर सकती है।
Check on Dainik Bhaskar Site
Diesel ke price kam hone se logistic companies ko munafa jyada hoga..
Navkar ''ll list on a good premium. but market supply of Navkar pressuring its listing.
I hope market IPO ka sath de or ye ek acche premium par list ho.
There are no any reason for listing in discount. but many reasons for a good premium.
Bhaiyo aj market down hai but VRL logistic closed with +12, on 400, which was allotted on 205 and listing on 288. Today that''s price is 400 and it touch 487 Rs.
So, Navkar will list on a good premium. but if market will open in plus or stable.
Bada IPO hai. isiliye market mein spply jyada hone se price down hai, but ek bar open market me listing hone ke bad ye gain dega pakka..
Market ki khrab conditions par bhi VRL ne itna gain diya hai.
Crude oil sasta hone ke karan CFS or logistic ka is quarter ka profit High hoga ye to mante ho bhaiyo.
100 kamjor companies me investment krne se accha hai ek acchi company mein invest kre. Retain shares and you will not get loss.
Yaar koi to karan btao ke long run me ye share Loss kyo dega.??
Application loss me sale krne se pahle ek bar soch lena..