376. MVP| Link| Bookmark|
September 15, 2023 3:59:58 PM
IPO Guru (1400+ Posts, 1000+ Likes)
I'm not at all comparing RR and Cartrade. I know RR is definitely better company. I wish RR opens with good positive listing. But for me QIB is not only reason.
Low participation by Retail is due to low GMP, which doesn't mean that it is not going to list on premium.
376.3. MVP| Link| Bookmark|
September 15, 2023 4:25:22 PM
IPO Guru (1400+ Posts, 1000+ Likes)
@TinyInvestor My point is not about the retail but QIB. In screenshot it might have gotten highlight due to error.
376.4. IpoZINDAHAI| Link| Bookmark|
September 15, 2023 4:36:55 PM
Top Contributor (300+ Posts, 100+ Likes)
@MVP ji, Car trade had no promoter holding as such. Here there is promoter holding.. plus company is good. 15% or less valuation pe le ke aate toh everyone would have jumped to apply.
It's just valuation issue.. if not list in premium, I am sure aaj nai toh Kal it will cross listing price.
376.5. MVP| Link| Bookmark|
September 15, 2023 4:43:11 PM
IPO Guru (1400+ Posts, 1000+ Likes)
@MVP- I fully do not fully agree. Cartrade there is no promoter holdings post IPO I believe , however here we see 62% post IPO. Yes agree with u that QIB should not be the main criteria too but comparing with cartrade is not fully correct as per me.
Applied 3 retail at last movement , on occasion of half-century of QIB's.
370. Krishna T| Link| Bookmark|
September 15, 2023 4:37:14 PM
IPO Guru (1600+ Posts, 900+ Likes)
My predication sounds like accurate again for QIB, see https://www.chittorgarh.com/ipo/ipo_discussions.asp?a=1503&c=649267&ap=0
As far as sHNI and Retailers are concerned, they panicked and didn't apply. If they would have seen 50x QIB before, i'm sure we would have seen similar number for all.