I am also holding this from IPO time... no one knows why market made it reach to this heights even after 10% correction it has been multibagger for me and i am happy !!
AET ran due to high expectations in Q results. I think today market anticipate a lower numbers and hence some FIIs might have exited in the last 30 mins of trading . It showed a spike after that downfall showing that it is still a good buy. Hold as long as it is above 2000...
yes Panditji.... It need to be subscribed at least 20 times in whole to do well on listing day...mark my words atleast...ICICI subscribed 10 times and listed at discount but due to surgical strikes it reach 300 otherwise it would have closed above 320..i think that
Mam all HFC are down means mkt is reacting to this IPO ? Meanwhgile mkt is also down today.
394. Eagleye| Link| Bookmark|
October 26, 2016 4:58:09 PM
IPO Guru (6600+ Posts, 22000+ Likes)
Looking at the slow pace of retail applications on day 2 ...
And also the general fall in the listed housing finance companies ...
The GMP could fall further ...
394.1. Pandit Ji| Link| Bookmark|
October 26, 2016 5:07:25 PM
Top Contributor (400+ Posts, 200+ Likes)
i dont feel there is any slow pace, the issue is going on pretty well, tomorrow will be the main rush, this the usual practice, I feel the qIB and retail is filling up in pretty brisk pace, HNI ususally comes the last day
Disclaimer : This does not mean the share price may not go down, neither am I indicating others to apply or refrain from the issue
@Ajay arora , if listing gains are doubtful why apply in the ipo at all?Endurance tech gave handsome returns but wat abt icipru.Though we cant compare it with a insurance sector it has shaken faith in evn big ipos. Still ici pru is below issue price same will b with PNB housing it will list around 680-720. Better to buy in market for long term, thanx all.
386.1. Pandit Ji| Link| Bookmark|
October 26, 2016 3:33:13 PM
Top Contributor (400+ Posts, 200+ Likes)
ekdum sahi analysis hai Aurora Saab ka, share will give min 60 rupees on listing day No where in the world a finance company is priced on the basis of PE
If fair value is 1000+ I am not sure if 775 is expensive buy. Compared with all listed peers it is at a minimum discount of 25% (3.14/2.5) Whether that gap is filled on listing days or in days to come, it does not matter to me as an investor. Whether I want to risk and see if I can get at a lower price than 775, is an individual call. From fundamental and arithmetic perspective, it is hard to see this IPO listing at discount.
may b you are right , but its like once bitten twice shy.PPl like us who got allotment in ici pru and gained nothing still will think twice, but ppl who got endurance will surely take the risk !Only difference is here u have some cos. to compare with PNB housing unlike ici pru.And 50 rs gmp is not a grt deal for a 775 rs issue.Lets c the final subs, figures cheers.