From my experience only TMB ( Tamilnad mercantile bank) Issue was allotted at lower price band. Except this issue never seen an issue Below cut off price
Isliye agar allotment chahiye toh Upper price band lar hi lagaiye
I feel it might be cancelled , lets See if QIB come and save it
86.1. IpoRetailer| Link| Bookmark|
September 18, 2023 3:18:56 PM
Top Contributor (300+ Posts, 100+ Likes)
Haha, with such descent valuations, QIB's will grab this with double hands.
86.2. G profit| Link| Bookmark|
September 18, 2023 3:25:25 PM
IPO Mentor (1200+ Posts, 300+ Likes)
Overall ipo already oversubscribed by 3 times. No chance of cancelling. Even retail has been fully subscribed. Only hni lagging
85. G profit| Link| Bookmark|
September 18, 2023 3:22:31 PM
IPO Mentor (1200+ Posts, 300+ Likes)
Not applying. Not interested. High valuations. Many other options available at present. Hnis will get guaranteed full allotment, I hope. Just for information
in case of lower subscription in retail, the other parties such as QIB, HNI will be allotted the remaining shares of retail....
In case the total subscription didn't reach 1x, then Company is at discretionary to issue shares at lower band to retailers or withdraw the issue completely
83.7. MVP| Link| Bookmark|
September 18, 2023 2:47:00 PM
IPO Guru (1500+ Posts, 1100+ Likes)
Lower subscription doesn't mean, issue price will be settled at lower limit. 99.9999 % of issues irrespective of subscription will always be issued at upper price band.
82. The Nest| Link| Bookmark|
September 18, 2023 2:42:50 PM
Top Contributor (300+ Posts, 200+ Likes)
I think isme QIB subscription figure zaggle se jyada rahega.. Iska size bada he fir bhi...
Dont apply in this ipo. Hotel industry is still under the shock of covid losses. As from the business pattern looks like the company has long term aggreement with big hotel groups to lease or manage the hotels in both the caes a lot of interest payment is due or deferred due to covid from 2019 -2021. Now most probably creditors must want that money so the ipo has arrived to take money from market and give to the borrower. So basically tou buy the risk and and wait for profit. Near term profitability is still not clear. Ps. I am a hotelier.
Glad to know you are a hotelier, but we are business magnets here... and the business will pick up in the next 2 quarters..... so gonna apply with ff...
80. Krishna T| Link| Bookmark|
September 18, 2023 2:10:37 PM
IPO Guru (1600+ Posts, 900+ Likes)
Imran Hasmi ne QIB me apply kiya hai :)
6th sense!
Courtesy: Jannat!
79. VVIIPP| Link| Bookmark|
September 18, 2023 9:47:31 AM
IPO Mentor (700+ Posts, 500+ Likes)
76. Finexpert| Link| Bookmark|
September 18, 2023 1:40:07 PM
Top Contributor (400+ Posts, 200+ Likes)
Acc to my view QIB will invest around 8 to 10k crore in both zaggle and samhi. Listing will be around issue price , may be 5 percent up or down. Risk taking investors can apply..For long term zaggle is good but valuations are not justified. Game of QIB after 3 PM
It always fascinates me that there are very well known names in anchor list like Singapore Govt., SBI MF, HSBC, TATA. What they have already seen which we small investors are unable to visualize? May be this is the reason they are QIB, and i am retail. But, still, if some expert/analyst highlight the positives here, it would help retail investors.
75.1. eVA| Link| Bookmark|
September 18, 2023 1:36:41 PM
IPO Guru (1300+ Posts, 2000+ Likes)
becs they park fund strategically for long term
75.2. Jetha Lal| Link| Bookmark|
September 18, 2023 1:39:14 PM
IPO Guru (1000+ Posts, 2100+ Likes)
Good brands at premium location, buoyancy in hospitality sector post covid, hope of turnaround i.e debt control & reduction, cheapest valuation in terms of EV/EBITDA which is 15X vis-a-vis 24X of peers in hospitality sector and very small size company i.e 2747 cr on IPO price make it attractive among QIB and most important it's BULL MARKET now.
Didn't apply for ipo trying to give fundamental reasons. It has 2800 cr debt if ipo successful then 1000cr debt will be repaid. Now it has loan rate more than 12 percent effective so it will be very helpful. Also hotel is heavy asset and book value is not true thing but market value is . Third is it has issued share at more than 200 one year ago and if you get at less price now then it is discount. Ev ebidta valuation is also lowest given. I have read prospectus and will advise you to read
As i was not getting allotment in highly subscribed, i decided to take a small risk here & got 1 shni. My thinking was below: 1. My 2 lakhs are very low compared to investments made by all those anchor investors. 2. Major debt portion is going to be paid with this ipo money. 3. With world cup in Oct/Nov & elections in next year, hotels demand is going to be there. 4. Associated with very big names like sheraton, hyatt etc. Being on safe side, i also exited 2/3 at 136. Rest, i am planning to hold till next qtr.
74. Cyclodium| Link| Bookmark|
September 18, 2023 11:05:08 AM
Top Contributor (600+ Posts, 100+ Likes)