Hi everybody, 591 has been good enough to furnish a link into the valuation of OIL IPO .It's a good one ,any allot tee can look forward to decent returns in the short to medium term.
Even for NHPC and Adani also every brokerage house gave different views.
For NHPC the expectation was that it will list atleast around 42 and as high as even 52. Even for Adani the expectation was that it will list around 120 to 130 with even pessimistic one mentioning as 110.
So even for OIL India also they will say 1200 and all but I hope it will happen
But it is liking hoping against hope.
After listing all these idiots will say yeah it was bit aggressively priced, they could have left something for the investors on the table etc as there job is over already.
Did Any one stop investing after Adani and NHPC disappointment? NHPC went below IPO price but did any one stop putting their investments in other IPO's.
Raj Oil and Excel Info IPO are quoting below their IPO's even as much as 50% down from their peaks after listing and 25% down below their IPO price recently.
Now even if OIL India lists at disappointing price, Nothing will be done by govt as it will come out with another IPO where nothing will be left for investors but still subscription happens.
This is going to be the future trend for All IPO's. The trend has changed with Adani IPO and NHPC.
Enam Securities has become a perfect expert in deciding the tight IPO price, leaving nothing for investors but issue gets fully subscribed.
Who cares for the retail? All that the issuer wants is to ensure that the issue is fully subscribed and make money.
The IPO show will go on even if OIL India disappoints as it is very clear it cannot sustain 1200 price for more than few minutes. Only If markets Crash then new IPO's will not come to market. They will wait for the right time.
IF OIL IPO fails to give Rs 100-200 as listing gain, then IPO market will dry up within a month, with no retail inversotr coming for IPO subscription. It will be as bad as it happened after Reliance Power, when several IPO had to be withdrawn. Though makert is surging ahead as off now, and gives some positive boost to the OIL IPO listing, but fundamentals will speak at the time of listing, which could be painfull for many optimistic investors
dont give non sense advise oil india eligible in index scrip (BSE -500, BSE OIL&GAS INDEX ,BSE PSU INDEX )FROM sep nhpc included in bse 500,bse psu index.