DEAR INVESTOR, DONT BUY ANY IPO..(IOL) ..... THEY ARE THINKING MARKET IS GOING UP AND WE ARE READY TO INVEST AND THEY ARE TAKING THE PROFIT OF IT. THEY HAVE FIXED THE PRICE SINCE WE IDIOTS ARE BUYING IT. PLZ DONT BUY ALL ARE COSTLY.. IF MARKET WILL COME 500-1000PT DOWN U WILL FEEL THE G8 LOSS. SO I AM HELPING U PLZ DONT BUY. DONT TAKE ANY EXPERT COMMENT FORM MARKET PEOPLE... THAT IS THERE BUSINESS AND THEY WILL ALWAYS MARKET WILL GO UP AND ITS GOOD CHANCE TO INVEST NOW....... PLZ DONT BUYYYYYYYYYYYY
ALL IPO INVESTORS ATLEAST NOW LEARN A LEASON THAT GOVERNMENT IS GREEDY DOG NOWADAYS NO BETTER THAN ALL THOSE GREEDY PROMOTERS LIKE ADANI POWER,RELIANCE POWER.....etc. SO IF WANT YOUR MONEY SAFE STOP INVESTING IN IPOS. AVOID....AVOID....OIL INDIA or ANY GOVT. IPO.
OIL India IPO is once again priced aggressively as even govt has become greedy.
Just consider this facts.
ONGC FY09 EPS is 92
OIL FY09 EPS (Post IPO equity of 24 crores) will be 89.
Now if ONGC Is quoting around 1190, OIL will quote around 1150 which is just at 100 Rs premium to the issue price at higher end as subscription will be done at higher end only.
Now by the time the listing happens, markets correct and ONGC comes to 1100 then where will OIL list?
Ideally OIL should have been priced around 750-850 and that could have meant that Investors would have got a cushion of atleast 200 Rs even if the market were to correct. But times are changing and even govt is becoming greedy.
The best solution to this is to avoid such kind of IPO's so that all companies will leave something on the table for investors.
Infact govt even wanted to price this issue at 1250-1400 levels at one stage....ooohhhh my god...there is no limit for greediness...
Retailers please take lessons from NHPC, ( the so called Govt IPO.). Now Govt has become businessman like private promoters. Remember, merchant Bankers suggested a price band of Rs. 22-25 for NHPC But Govt. Ministry charged Rs 30-36, a 50% higher price. Now Govt also take the opportunity by exploiting the sentiment of retail investors. Now all Govt IPOs are priced twice of the price actually the company deserves.
Now, when Market corrects for 250 points, Adani is on Oxygen. When market corrects for 200-400 points then Adani will be in ICU. When, markets corrects further, think where Adani will live or Die???? Same thing will happen to Jindel Cotex, Globus Spirits and Oil India Corporation.