IT IS LEADER IN BRANDED PIPES MANUFACTURERS IN CVC AND PIPE IN SUCH A GREAT CITY MUMBAI WHICH IS HEART OF INDIA .ITS PLANT ARE LOCATED IN ALL 4 PLACES EAST WEST NORTH AND SOUTH. SO ITS PRODUCTS ARE EASILY AVAILABLE AT ALL RETAIL AND WHOLESALE SHOPS. DISTRIBUTOR SERVICES ARE OF EXCELLENT STANDARD. GREY MARKET PREMIUM CANNOT EFFECT COMPANY POLICY STANDARD. LISTING WILL BE ATLEAST 13% TO 26% PREMIUM ON FIRST DAY ITSELF. BELIEVE ME OR NOT.
Flat means near by 198 as per first time expectation 20 rs premium in grey market......
302.1. hchc| Link| Bookmark|
December 25, 2019 4:41:14 PM
Top Contributor (400+ Posts, 900+ Likes)
Listing @ 198/- means 11% premium on issue price .... Looking at d present GMP of prince pipe ... no one can say that 11% premium listing is FLAT......
So your statement that it will list FLAT n then make high of 233 doesn't make any sense
U can correct your statement by saying that prince will list at a decent premium of 10-12% n then make a high of 233
@PSR @ROXPATEL Never take position when sentiment of a particular stock is negative. Take a call when it crossing 200 with 2-3 x of average volume after a week for long position, Till then stay away But U can play intraday @160 odd level for 3-5 Rs with ur own risk taking capacity (imo)
@PSR This is not the stock which you can hold for five years in current circumstances , Please watch 2-3 quarter result carefully then decide Imo Debt free Professional management(BoD) And FII holdings These three parameters are the key to take position for five or more years
300.4. PSR| Link| Bookmark|
December 25, 2019 6:16:22 PM
IPO Guru (1200+ Posts, 700+ Likes)
Exit from prince pipe on pre bidding season .put your bid between 9:30 to 9:42. 9:45 is the settlement time of ipo. So, once it will settle on 9:45 . At the time of listing 10:00 heavy selling pressure comes and stock may be correct heavily .
299.1. PSR| Link| Bookmark|
December 25, 2019 7:43:18 AM
IPO Guru (1200+ Posts, 700+ Likes)
It is clear now that it would be discount listing.
Merry Christmas To all board members, friends and family This year is/was good for primary market as well as secondary market Enjoy year ending,take care of yourself and family
Price pipes promoters are well known in the plastic industry, they will be having 64 % stake, also other investors like HDFC life etc have purchased shares at the retail price. Not to panic and sell on listing. wait and watch and do not sell in haste.