Price Band is not Fixed Yet It can be around 612-665 or as mentioned above
88.4. Smile✍️| Link| Bookmark|
August 31, 2023 3:41:23 PM
IPO Guru (1800+ Posts, 1100+ Likes)
On 19 August, Private Placement was Done at 735 ₹ so Price May be same.
87. Jetha Lal| Link| Bookmark|
August 31, 2023 11:41:02 AM
IPO Guru (1000+ Posts, 2100+ Likes)
Prima facie it doesn't excite much. I haven't deep dived much into detail due to busy schedule but there is nothing much innovative or exciting products or business model of the company. Financials and ratios are not too good or bad kind of average and company is fully valued. This is time of domestic centric companies due to slowdown in global economies and it's 2/3rd revenue coming from global source which maybe under pressure in near term. Anchor book is decent due to Quant MF. If there is good QIB subscription and subdued retail participation then it can be applied for 10-20% listing gain and as of now it's not a long term play.
Decision should be never affected by fresh issue or OFS because if company has sufficient cash then why would it raise fund and dilute equity. IPOs are mostly brought in recent time to give exit to private equity and there are fresh issue as well when they want growth capital and deleverage balancesheet. There were many pure OFS IPOs who made decent return for investors. The decision should be made on basis of business model, financial, valuation, growth, institution interest, trend of sector in the economy etc.
SIRJI THANKS FOR YOUR VALUABLE VIEWS AND COMMENTARY ON RISHABH INS SIR AT WHAT LEVEL OF OVERSUBSCRIPTION OF QIBS, WE SHOULD ALSO ENTER. AT THE MOMENT IT IS ABYSMALLY LOW OF 0.01 TIMES
True one positive aspect revenue is well leveraged among industries. Should wait for a QIB of 30/40 x usually this will happen at the fag end if at all.
87.7. Jetha Lal| Link| Bookmark|
September 1, 2023 2:50:43 PM
IPO Guru (1000+ Posts, 2100+ Likes)
I will place few retail applications after QIB >50 times in hope of mild listing gain.
Thanks.
87.8. Jetha Lal| Link| Bookmark|
September 1, 2023 4:27:56 PM
IPO Guru (1000+ Posts, 2100+ Likes)
It crossed 50 times so now applied with confidence. hope it crosses 100 times
86. SONMAYA| Link| Bookmark|
August 31, 2023 3:13:30 PM
IPO Guru (1300+ Posts, 500+ Likes)
i got letter from linkintime about my allotment in NETWEB TECHNOLOGY i got so many allotment in ipo even with linkintime but never received physical copy allotment advise
intimation of allotment nd refund letter (which is same as email) anybody got this type of letter?
I dont think every IPO should be speculated like this. It doesnt excite me. Not applying. Nothing fancy in this from fundamental point of view AVOID.
Avoid avoid avoid.
Just watch from audience seat.
81. PLAZA| Link| Bookmark|
August 31, 2023 9:10:42 AM
IPO Guru (2400+ Posts, 1300+ Likes)
Off topic Anyone pl clarify which I couldn't understand Yesterday a block deal happened in zomato of 10 crore shares sold by SVF groth singapour whereas deliverable quantity in both exchanges shows on 8.6 crore shares . How is it possible. Pl anyone has idea of it .
81.1. UjwalG| Link| Bookmark|
August 31, 2023 9:52:00 AM
IPO Guru (1300+ Posts, 600+ Likes)
Maybe a discrepancy on behalf of exchanges. A lot of buying/selling happening in zomato from past weeks. IMF has also brought some stake here!! First time i see them. If anybody keeping a watch might know that, they are charging 2rs per order as platform fees!!. This is gonna push them into profitability. Ps,i hold some token amount from ipo
Will the funds of Rishabh be available for Ratanveer? Should we apply all the fund in Rishabh and wait for it to unblock on 6th Sep so that same fund can be used in Ratanveer. Same thing had happened in Utkarsh and Netweb. Funds of Utkarsh was unblocked in the morning of last date of Netweb. I am thinking over it.
I am applying third party ASBA for my minor son. I am getting application no. and msg too. I can check on registrars website for allotment too. But not getting alloted any shares. Is it getting rejected at any stage after application no is generated or just plain bad luck.
Dear Experts, Your views on USK. Not able to cross issue price, I am holding 01 retail lot since allotment.when result declare from last 02 quarters shows upward movement and then again back to around 30 Rs. Suggest me hold Or sell and book loss.
I have alloted 4 lots. In which 3 sell on listing. 1 lot hold which is sell about 20 days before. In this amount I purchase Lancer which is give good return. So adjust loss with Lance profit. I advise book loss and remaining amt invest in good company. So that's recover your loss.
75.2. UjwalG| Link| Bookmark|
August 31, 2023 9:41:34 AM
IPO Guru (1300+ Posts, 600+ Likes)
I always say this,low ticket stocks have bunch of retailers holding it, they dont move at all. It may seem that 5,6 rs move can make you a good money but its a mirage. Usk has large retail holdings, plus its a small infra company, history says small infra companies dont exist at all after 5,7 years. So better book a loss, take position in some scrips shared by @newgen. Ps, I dont hold usk. And dont give me examples like zomato, it was also low priced stock but its a growth stock, new generation business.