Rategain Travel Technologies Limited IPO Message Board (Page 1)

@lokes,
As u know,I got 2/4,should I put preopen order @425 tomorrow,suggest strategy boss,I also wanna sell at listing only,
Thanks

@sbipo: After listing it may give little upmove soon after opening like it happens normally in every ipo, but that is just for some seconds after opening, not easy to place order then so better to sell in listing in preopen or you can wait during daytime to take some chance, depends on your risk etc. During daytime, it may reach again near to listing levels or may not reach, cant be sure here. I will sell in preopen only without taking any chance. Anand rathi was also better to sell in listing in preopen and many others recently.

@Lokes,
I also got 3 lots.
If u remember in Tarsons, it listed flat and went up 20% and hit UC. I don''t think this will hit UC, but there is a possibility it will start flat or 5% up and may increase from there.

Can we think like sell 1.5 lots in Preopen and rest 1.5 lots during the day with some SL?

Makes sense?

@suneel: i posted my thoughts to your reply in around 15 line message and no idea how it was not posted, net issue or what , now am tired to type again :(

That''s fine @Lokes.
No need to type again
We will see Preopen price and take final decision.

Thanks for long reply earlier, unfortunately it missed.

pls. explain how to fill pre market order. timings and rate etc. i want to sell in pre market.

Hello Lokes, At what price we shall bid in pre-opening session? 460 or less than that?

pls. explain how to fill pre open order. timings and rate etc. i want to sell in pre market.

@market pandit @ V.R. Mehta: Check this link, accordingly you can place sell order as per price movement.
https://www.chittorgarh.com/ipo/ipo_discussions.asp?a=1190&c=482750&ap=0

sold 2 allotted lots from family retail accounts today with 4.1k loss combined.
Very bad market condition added to already bad sentiments due to corona situation which was negative for travel industry where this company caters to.
Will sell one more lot soon, missed today as sell order couldn''t hit, hoping market recovers little bit on monday and this share also recovers little bit. Don''t want to increase losses anyhow. Keep learning from your experiences.

Liquidity crunch going to hit market.. Today was the tailor! Be Prepared 15K not away. It is scary to see market going down continuously. No More IPO i will hit till market stabilizes, so need to take cautious view.

Sold @367 all 1 lot , booked loss 2030 + transaction charges ;)
No regrets as One can''t always vow for gain only!!

Thanks!

Greetings @gauravDDdimer! We believe that if you block your capital in this script, you may miss out on the opportunities which present elsewhere as the market corrects itself. Booking a loss is always a painful task but this is a weak script and it doesn''t really have anything to go against the broader market momentum. Better to book losses and exit and look for opportunities elsewhere. In case you wish to remain in the stock, you may have to wait for quite sometime to even recover your initially invested capital. The choice would ultimately be yours. Best Wishes & Happy Investing!

@VentureStack,
You proved wrong today,
10% up

Dear VentureStacks,
Nobody spoke ill of your analysis...only thing uncanny about a person of your knowledge was to go after somebody and make it personal.. your analysis was deep..based on fundamentals...and hence became true. Regards.
PS.. I made loss of about 4k on two lots i was allotted.

@ VentureStack Partners: Thanks a lot for your advice. On the basis on advice from you & other reviews/sources I decided to skip RateGain IPO !

@AnkShr

Can you please let us know how and when we tried to go after someone in particular?

As far as the English language goes, we were as polite, forthcoming, transparent, and precise as possible. Since when has replying started getting counted as being rude is something we are pretty sure everyone would be keen to understand.

Greetings @Nexus!

We are delighted our synopsis was of some help to you as we wish you the best in your investing journey.

Best Wishes!

@ VSP
Thank you for your contribution.

You are most welcome @AsokeSarkar! Glad we could be of some assistance. Best Wishes!

Hi @Nexus! Money making isn''t exactly easy but what is more difficult is to imbibe integrity as the bedrock of our actions. We shared our findings, our thoughts, our perspective, to help those who weren''t well aware of the Technology, Travel, and Finance business landscape. We are glad you reposed your faith in what we had to say and acted rationally basis your own wisdom. We wish you the very best in all your future endeavours.
Happy Investing!

@VentureStack Partners: Thanks for your best wishes. Yes integrity is very important. Some people may criticize you but there are other silent viewers on this forum who will read an intellectual review and make their decision. An objective critique should always be welcomed. So do keep guiding us in upcoming/future IPOs as well. I see Tracxn Technologies IPO coming later. Its yet another SaaS company !

Sure @Nexus! We shall certainly try and share our thoughts in case we find anything worthy our attention. While we don''t find subscribing to IPOs as a money making business, we do recommend each and every retail investor to rely on extensive research backed subscription. Retailer investors need to avoid being rats to the concerted pied piper symphony that the media (print, tv, social, etc.), lead managers, QIBs love playing.
Best Wishes & Happy Investing!

@ VentureStack Partners,
The Market Is in Correction Mode,
Please Suggest Some Good Stocks Which Is Pottential And Good Businees Model
As Per Your Suggestion Some Newly Listed Company Which Grow In Long Term
Thanks.

If RTT listed low due to Omricon then Medplus should list higher due to omricon.

Med+ GMP 250/260 buyer from 200/210 due to omicron news

@sbipo - I''m FF in UHNI in Med+ since I fundamentally believe in it for the long term. Waiting for MARKET''S initial VERDICT on 23rd December!

are you PO in sbi bank or preparing for the same?

@guys,@lokes,
Finally sold @352.3, 2 applications,approximate 5110/ loss,fantastic listing,
In 2020:
Rossari 0/4,
Happiest 0/4,
Route 0/4,
Mazagon 0/4,
Burger 0/4,
Mrs Bector 0/4,
Antony 0/4
In 2021,
Indigo 0/4,
Stove Kraft 0/4,
Nureca 0/4,
Heranba 0/4,
Mtar 0/4,
Laxmi 0/4,
Nazara 0/4,
Barbeque 0/4,
Dodla 0/4,
Kims 0/4,
IPL 0/4,
G R Infra 0/4,
Clean 0/4,
Zomato 0/4,
Rolex 0/4,
Devyani 0/4,
Krsnaa 0/4,
Sansera 0/4,
Paras 0/4,
Nykaa 0/4,
Sigachi 0/4,
Latent 0/4,
Tarsons 0/4,
GoFashion 0/4,
Tega 0/4,
RTT 2/4( Fantastic Listing)
Superb track record of fate,
May be I''m the most unlucky person for IPO,even
Nifty, BankNifty expiry option selling better than this,
Thanks guys,
Wishing u all a happy prosperous new year ahead and may GOD bless u all in making huge money in primary markets,
Forgive me if I''ve irritated u or wasted u people''s precious time someway or the other,thanks for cooperating and tolerated me,
Thanks

@sbipo: All the best to you in future and wishing you too very happy and prosperous 2022.
ya it was really bad luck for you it seems, no allotment. Btw you didn''t applied Policy bazaar, ami organics, and tatva chintan ? those were not be missed at least by anyone.

@lokes,
Yeah,
Ami 1/4,
Tatva 1/4,
Policy not applied(due to low subs), but still,non allotment in doubler and 60%+ listed ipos far outweigh alloted ipos,and its evident that luck isn''t favouring me,
Thanks

@sbipo: I remember we both were hurt in Sigachi for getting in at very high price. And now RateGain! I feel bad for you man.

I''ve decided to skip IPOs with poor fundamentals and think very hard before getting into IPOs with good fundamentals but are over-valued. I''ve burnt my fingers in highly over-valued IPOs Windlas, Krsnaa, ABSLAMC & few others. Had heavy losses there.

So off late I have skipped S.J.S. Enterprises, Fino Payment Bank, Star Health Insurance, Metro Brands, Shriram Properties, Anand Rathi and now Rategain & HPA.

Promoters of such companies still make money as their entry point is much much lower. It is investors like us who get hurt in such debacles.

IPOs will keep coming in future and we need capital to invest in good IPOs. No point in burning it on bad ones.

@Nexus,
Don''t feel sorry man,it''s totally my fault to ignore fundamentals and financials in RTT and for that I''m responsible only. You r right,like secondary market purchase,we can''t just apply ipo blindly without analyzing fundamentals and balance sheets,you know initially I was reluctant to even see RTT page in chittorgarh.com,as I was determined not to apply b''coz of tour and travel industry,but suddenly on last day after 3 p.m. just watching HNI subs figure I decided to apply only impulsively out of FOMO,maine apne man ki baat nahin suni,in all previous issue I used to analyse fundamentals and financial of each and every ipo before applying but here I don''t know why I committed this mistake,and top of that I was alloted 2/4,whereas in retail it was even subscribed 7.34 times application wise,had I got allotment 1/2,I could have saved loss of 1 lot,Idont get allotment in good ipo like Latent,Sigachi,Nykaa,Godashion,C.E.Info etc which list at double,but get ipos like RTT,that too more than 1 lot so that I can incurr bigger loss,kyaa kar sakte hain agar kismat hi saath na de to,I shouldn''t have applied here at the first place.
I have to be careful in future ipos otherwise I would burn my fingers again,
Thanks

@sbipo: Sometimes because of some past trade loss (or missing a good trade) we tend to overplay our hand in subsequent trades/opportunities in order to make-up for previous loss and that often boomerangs.

Similar thing happened to me in Paras. In pre-open I did not buy the Qty I wanted to buy because it listed @ 469 which was @ 168% premium, so I thought there was no up-side left. But then it went up to 1258. I felt I lost a huge opportunity so I tried to compensate in Sigachi which had similar characteristics. But doing that was same as attempting to hit a six on a reverse swinging yorker just because I missed a juicy full-toss in the previous delivery. Every delivery has to be played at its own merit. But I didn''t hence I was clean bowled.

Because of T2T it went in lower circuits & did not allow me an exit at a reasonable stop-loss. Bringing past baggage to stock market is often counter-productive and bringing our expectations to stock market is a non-value adding overhead. Stock market has no obligation to respect all our emotions. Due to this reason taking loan (Funded HNIs in case of IPOs) to invest in stock market is terrible idea, because once you do that expectations become a compulsion & not a choice.

The only thing that stops me from having sleepless nights is that Sigachi is considered to be a good company fundamentally and one day it will recover, just like one of my old similar debacles recovered and eventually grew by more than 10 times to become the largest stock in my portfolio. Its better to avoid speculation but if we have a compelling urge to do it, then better do it in fundamentally sound stocks!

In your case you had 50% success when the odds were only 12.5%. So you had Bad Luck in Good IPOs (which did not hit your capital) and Good Luck in a Bad one (which has caused Capital loss)! Accepted stock market wisdom is its better to go off some good opportunities but try never get into a bad one.

Anyway we Retail guys need to be cautious in future and not become Bakras of Wolves on Dalal Street!

@Nexux,
Nicely explained and truly said,I would try to keep in mind your last adage ''its better to go off some good opportunities but try never get into a bad one''
always in secondary as well as primary markets while trading,
Thanks

@SBIPO kindly don''t Panic. As far As Rategain is Concerned we all went wrong, but now weak hand might sold off & then it can move like Easy my trip....Initilally 3 days after listing volatitly is there....Now its up to investor who have 1 lot to hold or book loss, bcoz we have seen car trade also....so investors are in Delima, whether to hold or sell....I have Risk Apettite, so holding 2 lots alloted....so all depends on risk appetite....weak hand can leave this counter and one with medium term view can hold...
Coming to Medplus it will give Minimum 15-20 % Return, even if omricon Virus Presist. Nothing for Panic in Medplus...but concern for Rategain in short term...

Are bhai Tega hi dega, Ratega nahi

@ipobull
Tega me lot mile naa mile lekin ratega me lot milne ke chance jyada hai

wow... gr8 logic...

So how much did u gain.....

As expected, QIB, the intelligent people''s subscription is 0. You may just hope for some uptick tomorrow. But nothing to exude confidence.

Better to take decision tomm at 2 pm. Just look the trend, then take decision.

It''s easy to invest in high GMP ipo like CE info, medplus, data patern....but smart players are who, that pick dark horse on last day after 2 pm.....

Hope everyone understand, rather then making mind to completely avoid it ..stay tuned till tomm afternoon..

when tarson with such high subscription can fall below ipo price .. what is their to wait for qib / hni. figure ?

@ Amit Chheda,
It is not rocket science to predict the performance of most of the IPOs. I think, even before the issue opened I have been advising against applying. in RateGain. Till now, QIB subscription is zero and this IPO after a long time is bound to fail due to low subscription of QIB. Please understand you should not apply in every Tom, Dick & Harry IPO.

@ ipo bull, u need to understand business model and second financials .....losses are only due to depreciation and new acquisition...secondly business model is excellent....it is a apply provided u do ur homework properly.....time left for u to do ur homework and evaluate decision making....it is not everyone cup of tea to find dark horse.

Ipobull Hope u did homework between 2 to 4.

I had done the homework once the financials were published long back. And it was very easy for me to decide not to apply. But, I will be applying heavily in CE Info, Data Patterns and MedPlus based on my research. I am making lots of money in secondary market. So, I am not compelled to apply in every IPO which cannot be a fancy for long.

@ Amit Chedda,
Happy !!! Nahi, nahi, nahi. Tum Homework thik se nahi kar rahe ho. Madam tumko maregi. Just kidding. I think you are fresher to markets. Don''t jump in to buy and then justify every stock. Mein kafi pehle le bol raha tha, ye candidate fail kar jeyega. Mujhe IPOs ko samajne mein dikkat nahi hothi hai. I can easily predict.

Ipobull chill mar....tera din he aaj....u won....we failed....happy...

tujhe nahi lagana to mat laga company ki itni bhi burai mat kar. Logo ko pagal mat bana. Mana ki valuation thode high hai par company acchi hai. Loss making isiliye hai kyuki kuch acquisitions kiye the.

@ Manav,
Tujhe salah ye detha hun ki thu jor se is IPO me apply kar aur aajma le

Tumhare jaise spammer ki salah ki jururat nai hai. Mai is ipo ko pura study karne ke baad apply kar chuka hu.

Just as expected, the QIB portion which matters most, is only over 5 times subscribed. Lets see the drama unfold on the listing day.

@ipobull its more than 8 times.

@ Gaurav,
Ya, its over 8 times. But nothing like Tega, half this issue size, which was 215 times subscribed in QIB portion. So, nothing gung-ho about this issue.

Now a day retail investor got addicted to 80-90% listing gain. Small listing gain that we used to get earlier are vanish.

good one manav and jigi :)

@Manav Walunj,
Ab tho pata chal gaya hoga kin mein bakwas nahi kar raha tha. I knew it so easily beforehand that this IPO was a sure shot failure. Par mera baat sunoge tab na. Its in LC. Enjoy the down ride now.

@lokes,
Aap bhi inke batho me aa gaye. Just see what happened to RateGain? I was shouting at you people not to buy this stock and I was proved right today.

@lokes,
My comment on you was because I expressed my clear view for avoiding this stock and ironically some people were extremely optimistic and you applauded them. I mean to say Rate Gain stock is 20% down from its IPO price, where many people have purchased. Regarding my buy of Tarson @ 670, I still am confident and hold it for long term. Regarding my buy of Tega @ 725, I accept that was my mistake for which I have already posted my learnings vide post no. 75 in Supriya Lifescinece page. Regarding Yes Bank, I made partial exit @ 14.90. And once again I reiterate it will not go below its FPO price of 12. I must say whatever I say here is my honest comments after thorough reserach. And when I am mostly going right, one should not be a fool to ridicule my comments. And I am pretty confident I will more accurate in my predictions in future based.

@ipobull: i can understand for long term your ipo/share views and your buyings are fine but you know due to severe market fall all your/our share prices going down, same way it added to rategain bad listing and its sector is travel which is more effected due to recent negative news of omicron variant. So since you are coming back to your two older post here and teasing people, same way i reminded you your other examples.In AR also it gave 1300 gains in listing but there u didn''t came back, neither @neolongus came back after listing. And everyone doesn''t apply ipos for long term only or based on fundamental/valuations only. Its very easy to say avoid to these average ipos with bad or average financials and average subscription and average gmp, we knows that, but there are many people who wants to take chances/risk for listing/short term. Some of these ipos may give little profit and some may give losses, its fine, we know that. Anyways don''t mind for my post, lets help people in the end by keep providing our views, anyone can go right/wrong here.

@ipobull,
Good work boss just keep on sharing and helping each other here,jhagra aur ego leke koi fayda nahin hain,agar zindgi rahi to fir kama lenge yaar,even I also analyse very carefully each and every ipo before applying but main bhi yeh SaaS ke chakkar mein aa kar soche bina hi apply kar diya,I don''t know why even hni portion was subscribed 43 times,seeing this I also applied and made the mistake,
Thanks

@sbipo,
Thanks for the good words. But we should not take HNI subscription levels and also Retail subscription too seriously. Just concentrate on QIB figures. HNIs, funded or unfunded, do not apply brains like QIBs. They mostly risk/ put their money to make quick buck.

Dear ipobull,
Thank you very much for sharing and advice on newly Ipo.
Market is in correction mode,
please shares some stocks which is potential and good for investment.
Thanks

@ipobull: This is wrong assumption to "Just concentrate on QIB figures".
Even QIB numbers can''t guarantee every time. you might have noticed it i hope. There are so many examples. Even anand rathi QIB numbers are bad then rategain and you know the listing in both. Like wise cartrade/windslar/krsnaa etc many others had good QIB numbers which listed in discount and there are many others where QIB numbers are between 2 to 10X which did well like sona comstar etc. And in good subscription ipos, even record QIB numbers in tega couldn''t save it after listing, neither in tarsons etc. I accept retail figures doesn''t matter much but QIB/HNI both matters and both can deceive sometimes.

@lokes, I have placed at 425 only for the allotted lot, seems listing at discount

Lokes it looks damage already done;)
nse:360/- and bse: 364.80/-

Thanks!

its becoming second paytm now.....listed in 15% discount at 360

Dear lokes

many people''s follow you, due to IPO Guru tag,
due to ur comment of yesterday to sell in pre open, some people may puts high selling pressure and that too at such low price of rs 85 also.

keep avoiding to tell about selling strategy in advance from next time in low gmp stocks.

@gaurav: Agree i was also feeling same thing now. Since people asked what to do so i replied my strategy and informed how to place orders etc but it looks like too much selling pressure was created here. Giving much info also backfires sometimes. I will keep my things to myself next time atleast in such low gmp cases since i can''t mislead others so better to be quiet. Good that my message to suneel was not posted, there i informed about tarsons reason, rategain situation etc due to corona and market sentiments and fear of bad listing :(

@Lokes,
I think today market sentiment is pretty weak, that add fire to bad listing. Let''s not worry too much about your strategy, sometimes market will go against everyone''s view.

Anyhow I''m holding all 3 lots. When market rebounds, this stock will goto 400+ levels and I''m planning to exit around that rate booking 2K loss.

As everyone said, when we are ready for 20% profit, we should be ready for 10% loss. At the end, market is always profit & loss. there will be no one way direction...

@Lokes- You all always stand high including like or dislike related to messages. People normally behave differently Gaurav DD Dimer kind of messge. But you stand tall and reply in an appreciated manner.. Keep it up, SIr..

@suneel: i already suspected bad listing actually so wanted to sell around 410-420 thinking it will list around this in preopen and will go more down later but it had listed too much down already so it may recover now upto 400 atleast in 1-2 day hopefully.

@lokes
Please keep your good work going as usual and ignore negativity. Investment here is subject to market risks. So there is nothing like ....no one should open their mouth due to the fear of his suggestion getting back-fired. Btw, the selling pressure is not created by you alone.

Agreed @Lokes.
As CSK said, we gained lot of knowledge from you along with profits in companies like Nykaa & Paras.
Always your suggestions are higly valued and respected. Appreciate all your support to this group. At the end, it is upto respective indidivual to follow their own strategy based on their risk appetite.

Yeah, will try to exit at 400 levels. It''s just 2K loss, minted lot of money in other IPOs.

@lokes...

We standby you....there should be no blame game post an IPO if the listing is unfavourable/adverse. Your observations and advices are quite useful.

Whatever the advice, to apply or not to apply is solely the decision of the individual.

Thanks Guys :) but no one is blaming me i think :)
And not just me, if you see rategain page, so many others have applied here with even more lots in HNI , i told there clearly i am applying with 50 lots only in HNI since i don''t want more than 1 lot and dont want to take risk.
And as per market situations from some days and sentiments around travel industry due to corona and its impact on this company, i already knew it will list less than issue price so wanted to sell it during preopen but it opened much more down than expectations. So my views were already on downside listing, i am not even wrong in listing strategy, ya i was wrong in applying :) no issues.
But many others ipos went as per my view after listing in last many months.

And its just 2k around loss nothing much if we are in stock market, i earned 48K in latent buying in preopen and selling after 2 days, earned 40K around in sigachi in 1 lot and 30K around in nykaa in 2lots and 20K around in policy bazaar in multiple lots and 15K in devyani by buying after listing and selling at 185, and list is long like clean science i sold at 2590 recently, kims at 1380 and many recent ipos i am still holding in good profits. Loss was in very few like 1 lot of cartrade/paytm/GLS but all booked around 7K total in these 3 and still holding 1 lot in nuvoco/aptus in little loss.
I am more worried about MRavi sir who got allotted huge in rategain as he went FF here.

@lokes - i have never bought any stock on pre-open or listing if not alloted.
Can you tell how do decide that any stock is worth buying in pre-open and will go up? What factors do you see?
And good stock as you mentioned like latent will open at 70-80% up in pre-open. So how do get courage to buy seeing its already 80% up?

@lokes,
I put sell order at preopen @389.8,but wasn''t executed,now stuck with it,I''m not a long term investor and lije to cut loss short,I aways get those ipos where there would be loss on listing like this,u know I didn''t like tour and travel dog stocks but still applied seeing hni subs and speculated,which backfired,now my 2021 ipo book is in loss

@sbipo - I feel sorry for your loss but if you need to exit in preopen then your price has to be below IEP. Better luck with the rest of the IPO''s and hope you recover your losses from them! Consider it as tuition fees paid to the MARKET...we all have paid it in the past and still continue to pay it from time to time.

@duckky: i just tried in latent view for buying in preopen first time, devyani i bought in listing day (not preopen) then did some average later, only few stocks are there normally where we get strong conviction of them going up after listing in 1-2 days like i said in nykaa but i didn''t tried there buying more in preopen as i was allotted already 2 lots but could have earned there also as it also went upto 2400 in 2 days after listing, so i tried in latent first time for short term trade but for long term, better to buy after some weeks in good stocks around/after anchor investor period getting over.
@sbipo: bad luck bro. Better don''t take much risk of buying after listing as u bought in sigachi at high levels, and don''t apply in loss making average ipos or understand when to book loss and keep having stop losses. Everyone can''t take same risk. I wish you would have exited around 365-370 today.
@neolongus: Good lines, yes experience comes with some price. : "Consider it as tuition fees paid to the MARKET...we all have paid it in the past and still continue to pay it from time to time"

Don''t go soo deep in RTT negative listing, it was always going to be a risky bet. We have seen worse... We have listings almost daily next week and all the best for that...

Sometime we Earn and
Sometime we Learn... That''s it.
Chapter close for me.

I am not blaming,

there will be n number of factors on stock performance to go down and up, it just a one of the factor i told, other factors are market conditions, Sector to which company operate and so many others.
i said so that next time there will no selling pressure.
no intension to blame anyone''s, just advised for not sharing selling strategy only for low gmp ipos only.

Rest all are enough intelligent to understand.

@avenue @noorul: ya good one guys. yes next week so many listing and allotments to focus on :) I hope noorul you also might have sold it today only.
@Gaurav DD dimer : buddy as i already mentioned i understood your point and i accepted and there is no blaming etc from you i know.
And i am ok even if someone reminds me about my mistakes and wrong views/opinions, i will accept , no problem, i also keep discussing with people about their correct/wrong views, so no issues to me :)

Concur with every bit of your sentiment.

bhai tune zomato bara tha?
Gyan dene aagaya hai

Exactly! I''m glad I avoided it completely.
There were multiple red flags - Highly overvalued, loss making even though ebitda margins had improved, covid wave which will impact travel and tourism.

Jigi tujhse kafi jyada Gyan hai tabhi ipoguru tag hai with likes. Paytm mein nuksaan khakar Naza nahi aaya tujhe. Paytm is also loss making. Zomato is food business which always give good return
Thoda dimag lagaya toh bata chalta travel and Paytm with freebies will continue to make make losses

@ jigi
Zomato price was reasonable

@76
Price band bhi dekhna padta he

@jigi Sirf profit making or loss making dekhke apply nai kiya jata.
You have to look at the valuation, sector, industry outlook, its position in the sector, debt position, management, inorganic growth objectives, synergy from previous acquisitions and most importantly Covid situation as it belong to travel and tourism sector.
As for Zomato, it wasn''t as highly overvalued as rategain and zomato is in a monopoly position with swiggy and it is doing much more than just food delivery and restaurant database.

@dinesh singh : you want to comment something here :) ?

Zometo, Devyani are also loss making company but take good listing gain in both. Truth is maximum companies IPO coming are high valuations so it is the easy strategy for us GMP is over 25% in last day so try whose IPO. on the listing day take profit whatever and exit.