To All, If somebody says I have made money by shortselling.. dont believe them and try to do the same... they are just telling such things after seeing the price range of day.. Anybody can write I have sold 5000 shares at 58 and coverfed the same at 54 since we know the price range for the day!!!!!!!!!!!!!!!!! such messages to be considred as useless.
Waah bhai waaah ..prakash ne to bhai paisa banaya..waah bhai wah.bhAI LOG yeh promoter, merchant bankers, grey market aur new channels ka bada jhol chal raha hai.. jo ke issue ko chad chad ke promote karte hai . special interviews organise karte hain "special appointments" ...if u understand what i mean ... this is the way i guess money changes hands.. bhai log saavdhan rehna..
dear Gopal, By information I meant both data and promotors' background. Promotors background was available in the public domain. and the same was discussed in detail on various business channels as well.
I did not mean about the financial analysis which were widely analysed on the issue of IPO of Pipavav. I did mean about the credibility and the not so good backgound of the promoters. There was a chance that the investors were carried more by the tie up with Punj Lloyd. In the situation where in nothing much was known about the promoter personals the Punj Lloyd link might have carried the day. I thought if the not so good backgound of the promoter team as mentioned later if it were known earlier would have made a different.
Let us hope and wish well for the project and theinvestors
Earn a lot in pipavav ... First I sold 603*5 = 3015 shares at 59.80 Further short sale 3000 shares at 59.90... Cover 6015 shares at 53.90 and sold again 3015 shares at 58.00..So my effective selling of 3015 shares at 69.85 Rs. per share
Please find that refund amount is not credited in the bank from RBI bank name OBC and BOB from ahmedabad. pls do urgently and fast for the delay in the payment of refund
Pipavav may goupto 61/ in the next week. When all peoples are pessimistic, it is likely that stock will go up. Disclosure: I have sold my 110 IPO shares at 59.25 and again purchased 110 at 54.55/
The information provided by Ravi was always known to the investors and was in the public domain. When the IPO is on people listen to only the information they want to and miss out the information they don't want to listen. I had in my message posted early in the morning mentioned that the investors of Pipavav are lucky as the global cues are positive and the chances of exiting unhurt were good. However people should analyse the data available on the net from sites like chottorgarh, moneycontrol, hdfcsecurities,, nseindia, bseindia etc in the form of analysis , RHP, application form etc and reach to a conclusion based on their risk taking capability. It is not uncommon to see people expecting huge listing gains prior to the IPO listing and the very next day they curse the promotors for profiteering.
to ravi bangalore pl. i wish you could have given the details given by you today before the issue or when the issue was on. any information ofn the promoters was welcome in right time. so the public can apply with full knowledge both plus and minus side of the issue.
Day Dreaming by IPO Investors even without looking at valuations is the reason for failure of IPO's.
If you see the IPO's that have come from July to Sept, most of them failed miserably except a few like Oil India and may be Jindal Cotex(rigged by operators due to low floating stock).
I am not sure why Investors applied for Pipavav when they know that it was very expensive?
Also day dreaming for 65 to 70 Rs listing price. Management also knew that 60 was expensive and so decided 58 to give less loss to investors. 2 Rs less saved.
Now IPO at 55, one can buy tons. All those who applied in IPO now buy as many as you want at 5 Rs less than the IPO price you were ready for.
Poor corporate governance track record of promoters and directors is a concern. Trading in Horizon Infrastructure, in which promoters and directors Nikhil Gandhi, Bhavesh Gandhi are also directors, has been suspended by the NSE due to non-compliance with the technical and procedural requirements of the listing agreement with the NSE. Following satisfactory redressal, the NSE ended the suspension. Trading was allowed from 25 January 2008. However, Sebi is currently conducting a preliminary investigation into the price movement and transaction post lifting of suspension. Moreover, there are criminal and legal proceedings against certain directors, promoters and promoter group entities.
Part of the equity shares held by the promoters, SKIL and Grevek Investments and Finance, and pledged with certain lenders prior to the filing of the red herring prospectus, has been temporarily released so as to comply with the requirement of Sebi, with specific understanding between promoters, company and lenders. These will be re-pledged on 31 October 2009 in favour of lenders unless the promoters have repaid all amounts due and outstanding.
Foreign institutional investors, who will hold 24.96% of the post-issue equity, are not bound by the lock-in period and are free to sell most of their stake post listing. This may affect the share price of the company on listing.
Guys, These days its better to hold off your investments in IPO's everyone is looking for one Hit and get their losses back in just a minute...thats not gonna happen...instead of putting your hard earned money into new companies better invest in Blue chip companies and sleep for a long time. when you open your eyes you are gonna see profits....Try That !!