Big shorting happend between 345 and 360. If the stock continues to hold ground steadfastly as it has done so far then shorters will be trapped badly and we can expect significant short covering by EOD today which may still catapult the stock to neutral to positive zone.
Suggest holding your stocks if you have not sold already at least waiting close to EOD today.
349. Kiaan| Link| Bookmark|
December 17, 2021 11:26:14 AM
Top Contributor (500+ Posts, 200+ Likes)
Chalaklomdi 351.4 Please explain ....Big false news..Big loss booked. If bad news was false , then it should go up ?
Considering FY22 annualised EBITDA of Rs 10.89 crore on a post-issue basis, the company is going to list at EV/EBITDA of 421.34 with a market cap of Rs 4,536.7 crore.
There are no listed companies in India whose business is comparable with that of the company’s business, giving an avoid rating on the IPO as valuation is expensive on an absolute basis.
Made a gain of 3680 invested when market open at 10 . Buy around 346 and sold around 381.5. Those who are in loss not to worry the market will rebound . Today it will settle around 375-382. Once market rebound it will cross 400 in no time.
333.1. Elon Rusk| Link| Bookmark|
December 15, 2021 10:43:02 AM
IPO Mentor (500+ Posts, 200+ Likes)
Its subscription figures were low, so you got allotment. Listing gains will be very less max 5%. Chances of listing on discount is more
333.2. PSR| Link| Bookmark|
December 15, 2021 10:55:00 AM
IPO Guru (1300+ Posts, 700+ Likes)
Mr. Elon Rusk
8.08 times in Retail cannot be considered low.
The chances of listing at marginal premium are higher comparing to the chances of listing at discount. I have submitted single application, and it not known, whether I have been allotted or not.
NII sub was 42X and Retail was 8X (7X+ appl. wise) and you are telling the chances of discount is more? Probably you didn''t get the allotment/ panicking others. Pessimists like you shouldn''t be on this forum.
I got the allotment. Did you see the NII/Retail sub in TEGA is 666x/29x, GoFashion is 280x/49x. So 42x NII and 8x Retail sub in this IPO is not that great. I have been applying to IPO from 2015 and i know about listing gains and all. This IPO wont have bumper listing. Optimistic like should stop replying to Pessimists
333.5. sbipo| Link| Bookmark|
December 15, 2021 4:28:35 PM
Top Contributor (400+ Posts, 100+ Likes)
@Elon Rusk, Whatever has to happen,will happen,but don''t spread pessimism in this forum,all knoe that this won''t have bumper listing likr Mappy,but at least it won''t list in discount for sure snd we can expect it to list at HNI cost premium which is 32/,and yes pessimism has no place in stock markets,even if u r a shorter like Jesse Livermoore,u havr to b optimistic only,and also high subscription doesn''t imply superb listing always (Tarson)like low subscription bad listing (Sonacom).
333.6. Elon Rusk| Link| Bookmark|
December 17, 2021 10:08:03 AM
IPO Mentor (500+ Posts, 200+ Likes)
@Chota Garu @PSR Listed on more discount than expected. Now keep telling newbies it listed on bad day
332. CSK| Link| Bookmark|
December 17, 2021 10:07:32 AM
Top Contributor (300+ Posts, 500+ Likes)
RRT looks like Paytm''s cousin. Better to sell and book loss. Again will be down tomorrow 15% to 20%.