At first look, Pyramid Technoplast IPO looks decent. Only the low GMP and T-group listing are matters of concern at this point. Will apply with FF if QIB crosses 30x and exit at listing. Tough allotment mostly. Thanks.
Even Yatharth had 30× QIB... Still listing was at par... What happens here remains interesting, skipped this because of QIBs...
54.11. RPSM| Link| Bookmark|
August 22, 2023 6:40:22 PM
Top Contributor (200+ Posts, 100+ Likes)
Yatharth issue size Big
But here only 150 cr 1. Low Size 2. Steady GMP since RHP (Rs. 19 to 28) - Now @ 21 3. PE - 16 (Reasonable) 4. Allotment chances are quite high 5. LM records are good (No history of Downside)
Maybe it can repeat the scenario like Global Surfaces on account on commencement Of its 7th Manufacturing unit
But I would recommend to apply for small listing gains app.15% But a risk factor of T2T , the stock can be untradable for 2-3 days(possibly) So a risk of -7-8% I will not be applying in bigger categories
OFS of IRFC is expected during 2023. To reduce the Govt. Hoding to 75%. The share price of IRFC corrected from down to upwards very strongly in also a very short period. It is observed that whenever any OFS of any PSU is planned to enter market, the share prices is corrected in positive Just a few days back RVNL OFS entered the market, the share price of share gained a lot before and fetched a good amount to reach the disinvestment targets. Same happened here in IRFC. Better for the investors to exit and take decision according to the investment strategy.
Thanks @PKRAJ Sir, I was thinking of to sell last week and didn't in the end. Holding it since ipo. Giving very good dividend. What's your view for long term?
50.2. Smile✍️| Link| Bookmark|
August 18, 2023 6:15:49 PM
IPO Guru (1800+ Posts, 1100+ Likes)
USK don't have anchor which ignored by many due to strong promotion by few members by the news of aggressive gmp. This possess anchor. Small size issue always have capacity to surprise all on either side. Risk reward -10 to 20% resp. Appling in RII
I think for 10 sessions it will remain in T group then it will to other group until then no trading allowed
48. PrinceMJ| Link| Bookmark|
August 18, 2023 4:37:29 PM
Top Contributor (500+ Posts, 200+ Likes)
Experts kindly explain ! This company mkt cap with this valuation is more than 600cr. As per my knowledge T2T Segment company had mkt cap limit of 500cr so why this stock consider in T2T Segment.