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December 10, 2016 2:49:11 PM
Top Contributor (300+ Posts, 200+ Likes)
Sheela Form has a blockbuster listing on day one proving almost all IPO experts are wrong. Will someone explain what went wrong in analyzing this IPO ? Also waiting for the surprise listing outcome of Laurus Labs IPO, possibly proving everyone wrong.
S P Tulsian told that fundamentals are good but you may skip the IPO just for listing gain as market sentiments (at the time he commented) are not good but one can hold it for medium to long term for good returns
The way Sheela Foam got listed it is quite evident that the so called Grey Market Premium is either wrongly reported or it is rigged low so that only few can apply and reap the benefit. Virtually none was postive on thsi IPO. These are all Experts who gave their grading !!! I request the institutional evaluators to report only realistic and not imaginery GMP at least in future.
Interesting indeed! Considering 56% of non qib (37.5 lakhs) portion getting delivered. Multi year price target achieved in just one day. This indeed will give a filip to primary market
Another factor that could have played a role, my guess, can be Nii+Rii supply was only 37,50,000 shares, which can be easily manipulated. Strong hands can corner these and can take it anywhere.
Sleepwell being a house-hold name , the company has a bright future ..... no doubt about that ....! The share can be held for a few days , at least to get a better price in short term too ...!!