Eastern Logica was managed by this LM in January 2023 and IPO was listed at above. Now trading at 1340/- on today. All time low was 195. Just see the great return.
8. G profit| Link| Bookmark|
January 18, 2024 5:39:44 AM
IPO Mentor (1200+ Posts, 300+ Likes)
This is the first time I have seen an ipo being announced officially one day before the opening date. Appears to have come out of nowhere all of a sudden. Hats off to Chittorgarh team and DD sir for their immediate analysis. May be the company ipo may get over subscribed and it may sail through, but this must not become a precedent for other companies to launch ipos in all of a sudden. Sebi must prescribe some norms for a minimum gap of atleast a week time for investors to get ready financially and read the RHP or any other information about the company . Hope all others agree with this.
7. ipo share| Link| Bookmark|
January 17, 2024 11:30:09 PM
IPO Guru (1600+ Posts, 800+ Likes)
DD Sir has given Avoid recommendation but financials look attractive and past performance of LM (only one previous IPO) is good. Seems an interesting IPO (can't ignore at once).
6. antarix| Link| Bookmark|
January 17, 2024 4:55:47 PM
IPO Guru (1200+ Posts, 800+ Likes)
Mr. Davda says 'avoid' but company looks interesting. And this IPO appeared all of a sudden. Opening from tomorrow, and appeared in the CG list today only.
Experienced promoters in a segment which is going to grow strongly as we become more industrialized and manufacturing oriented.
Concerned about the limited experience of the LM, sudden launch of issue with limited marketing, no Anchor allotment due to Fixed Price issue, holding company structure, much larger peers like Vimta, Veeda etc in some segments and price sensitivity of customers which can lead to irrational competition for smaller companies like Qualitek.