When you have Vallabh Bhansali, Deepak parekh, Damani,Nilesh kampani are associated with the IPO, its blind fold and has to apply.their credibility is much more than the company's.In this IPO Vallabh bansali's Son already took 5% Stake.Nothing more to look over. Saiil against the flow you will be beneficiary.
They all are big names for Long term story.. But, 90% of the people applying IPO just for Kostak or Listing Gains. They are least concerns with that. Whether I will get Good Profit in 10 days of Investment or Not ? This is the standard question everyone asks.
@ IPO Bhavnagar, Thats the mind set now ppl has to change, within 10 days too many profit days are gone we are back to the normal IPO subscription where in actual investor get a chance to invset in company and get benefit in long run
@Analyst IPO: I think people are not giving a miss to this IPO because of fundamentals. This is fundamentally a great company. The concerns here is around valuations. If I don;t apply this IPO today, I will surely buy it post it get listed once the valuations are better. All these great people have invested in it which shows it to be a credible company but have they bought shares at the same rate as being offered in the IPO?
Early Birds, Cash Discounting and Wholesellers always gets goods cheaper. Such Super HNIs negotiate with the promoters at the time of IPO documentations only. i.e. almost 1 year before IPO date. Moreover, there must be 30% discount to IPO price to such super HNIs.
As mentioned by seniors here, apply only for 1 lot ! Since QIBs have started applying! Let's wait n watch how much it gets oversubscribed. Remember DSP Black rock, as an Anchor Investor, has already picked up 2.15% of total issue size !!!
@TSK : They are the Pioneers of the company. HDFC/IDFC/HDFC life -Deepak Parekh created from scratch so you can not match offer price from they Purchase price. even though on day 1 they gave handsome returns to the Investors in Dmart/HDFClife /JM financial etc.Every one has their own outlook to see the Picture..Earlier i made money on this names and will keep apply.
Live sub details till 2:10 PM. QIBs is in market now. :) Qualified Institutional Buyers (QIBs) 6.4218 Non Institutional Investors(NII) 0.2688 Retail Individual Investors (RIIs) 0.544 (54%) Total 2.1554
SUBSCRIPTION FIGURE UPDATED AS ON 21/03/2018 2:13PM Qualified Institutional Buyers(QIBs)* 6.42 Non Institutional Investors 0.27 Retail Individual Investors(RIIs) 0.54 Total 2.15 Total No.of Application Approx : ~ 53583 Retail Subscription on the basis of Apps : 0.44 x