Why great Indian Mutual funds betting on this IPO? Why they are putting hard earned money of Indians on costly Sheela. Friends nothing is left on table. Will list at 520-550.
This is one of the better brand company and should find good backing from institutional investors.
However the biggest pain is the demonetisation drive which will affect retail fronted cos like Sheela Foam the most. People have either delayed their purchases, or are making farmer to retail. I don''t think we have discounted the secondary-stage effects yet, which makes the current scenario very volatile. The coming 2 qtrs data will divulge the real scenario.
For this richly priced issue, my guess is that we will see buying opportunities in the coming qtrs.
The message got weirdly jumbled - pasted the 2nd para...
However the biggest pain is the demonetisation drive which will affect retail fronted cos like Sheela Foam the most. People have either delayed their purchases, or are making selective purchases.
Not to speak of the disruption of supply chain from farmer to retail. I don''t think we have discounted the secondary-stage effects yet, which makes the current scenario very volatile. The coming 2 qtrs data will divulge the real scenario.
151. Eagleye| Link| Bookmark|
December 1, 2016 1:05:12 PM
IPO Guru (6600+ Posts, 22000+ Likes)
Sheela Foam IPO
Day 3 at 01:00PM
QIB*: 4.37X (*Excluding Anchor) NII : 00.04X Ret : 00.12X
Good on you Eagleye in believing in the Sheela story as i said before i am not applying since i see demonetisation will have it effect. good luck BTW if you bullish why not go big apply in HNI since even at that counter the issue is under subscribed.....
As on 01-Dec-2016 11:45:46 IST Cumulative Demand (no. of shares in lakhs) Bid Price (Rs.) Note: Cumulative bid quantity at each price point includes the quantity bid at that relevant price point and all valid bids at the next higher price point. The graph is updated every hour.
Total Issue Size 52,50,001 Total Bids Received 14,51,380 Total Bids Received at Cut-off Price 1,86,840 No. of times issue is subscribed 0.28
142. Chitchor| Link| Bookmark|
December 1, 2016 9:39:09 AM
IPO Mentor (900+ Posts, 400+ Likes)
Good Morning SeptaJi....
Ref your 117.3 and 117.5.
I found the discussion very fruitful as i was myself looking to invest some RETIREMENT funds BUT NOT IN EQUITY as i have enough exposure there already. I was actually thinking of Bank FDs. Company FD- I am a bit nervous about even if they are blue chip ones. Post Office schemes have a big lock-in period.
Could you kindly be more specific and tell me the names of some good Arbitrage / Liquid / Debt funds to invest where i could get good yield, monthly, quarterly, etc. Time is not a problem. They should be reliable (safe and secured).
BTW, i am one of the beneficiaries of your Caplin tip.
Arbitrage fund all r good because the investment is done my mechanic. where difference in two index for cash future is squared off in a 20 to 15 equity so all are good go with anyone
Liquid fund MF same with all liquid fund the return is almost the same go for a big franchise
Deft fund MF i am with birla icici and hdfc deft fund all have given 17% return this year
Promoters k political connection ko dekhate hue lagraha hai ki thoda bahut jugaad karke isse bare minimum subscribe karwa k nayya paar karwa k maththe mar hi denge bhole bhale investers k. Fir bhi achchi baat hai ki is baar retail investers samajh bujh deekha k isse dur rahana pasand kar rahe hai.