Those who are complain for Link intime registrar....Please dont complain again. you will get what ever shares you applied for this time....allotment is sure
Very bad subscription figures after 2 days , retail quota is only filled half , compare that to all the IPO''s debut this year , maybe retail money is stuck in devyani and krssna .
The grey market premium for the companyβ shares, which is indicative of possible listing gains, stood at Rs 14-16 or about 3 per cent over the ceiling of the price band.
96. Eagleye| Link| Bookmark|
August 10, 2021 7:06:20 AM
IPO Guru (6600+ Posts, 21900+ Likes)
It is a clear case of luring retail investor in these IPO frenzy time. Company made profit only in 1 out of last 3 years. Secondly, majority part of offer is OFS and not IPO. That means, promoters have no further faith in the company''s profitability or sustainability. I would stay away from this IPO or sell in subject to allotment, then only apply. All risk on operator in that case.
Already have a listed company on bse and nse ...SHREE RAMA MULITECH which was a case of hostile take over by NIRMA and later refused to bring open offer ...it took 8 years for it to comply with sebi rule when supreme court rules in favor of SEBI . Nirma too was delisted under very controversial circumstances .
A Cement company at 200 PE that too concentrated only in East India, has high debt, no Organic growth (growth is inorganic by acquiring other companies). We already have better companies at cheaper prices like Ultratech (Market Leader), Shree Cement, Heidelberg, Ambuja, ACC, J.K, Star, Ramco, Dijvijay, Orient, India Cement, HIL etc... All trading at cheaper prices.
Nuvoco Nirma group company, Nirma delisted in 2011 at price 260 now it''s group company coming with ipo.
This Cartarde is not IPO but offer for sales, All 2998 crore is offer for sales & promoter take money home.
Promoter u make 29 crore profit/year & using bull market sentiment for sell 40% stake. If company is good why u dumping 40% stake.
If u take ipo for rising money for company expansion that''''s ok but this is not ipo but offer for sales for buying luxurious car, home for yourself.
SEBI look at & remove IPO tag, This is offer for sales & rising money only for promoter own use & misguide Investor.
Even All 4 IPO over valued ignore all 4 ipo, They will use Market bull sentiment.
Chemplast delisted in 2012 at just Rs 15, Now same company coming with ipo price 541 mean Promoter buy back all share at 15 in 2012 now same share they will give public 30x more price Rs.541...What a fraud bull shit.
91. Black Swan| Link| Bookmark|
August 10, 2021 11:26:48 AM
Top Contributor (300+ Posts, 400+ Likes)
I request members to mark this message as spam. Its degrading the quality of the platform
90. Manup| Link| Bookmark|
August 10, 2021 10:55:21 AM
Top Contributor (400+ Posts, 200+ Likes)
This generation Harshad Mehta is not big bull but big fool.
88. ipobull| Link| Bookmark|
August 10, 2021 10:14:33 AM
IPO Guru (1000+ Posts, 1000+ Likes)
Nuvoco IPO is a clear avoid due to inconsistent fundamentals and doubtful promoters. Even if it manages to list at premium, its going to be a laggard in the long term and stock price shall drift downwards.