Hello everybody Anybody received confirmation for listing Dec 6 they given date for listing But still now not received any confirmation Please give me details
I think public need deep sleep after demotization. Sleep well sale may increase next 2-3 qtr due to this. Qib has applied based on this assumption.😂😂😂
Sleepwell is not a great player in this segment. I recently purchased duroflex mattresses after seeing the price difference. A typical double bed matresses cost around 15000 Rs and some offer 10% discount. If you see matresses segment, there is duroflex, peps, kurlon etc. bedsheet segment, there are plenty of players. It may have first mover advantage of listing at stock exchange, but price is too high to take that kind of risk.
219.1. ShareView| Link| Bookmark|
December 2, 2016 1:19:39 PM
IPO Guru (2600+ Posts, 3700+ Likes)
SpringWell also is a tough rival . Their products are available at 10 - 25 % discount compared to sleepwell.Recently I have purchased springwell product at discounted rate . sleepwell is even costlier to kurl-on which is the closest rival .
Yes, I agree that sleepwell products are expensive but that may not be a reason for listing at lesser price. Well established branded products are always costlier.
For those who have applied all the best for listing day, but those who stayed away and i think have done the rightmost thing, please note there is no need to loose your heart just because issue got oversubscribed due to QIB participation. QIB interest in this issue does not make necessarily a bad decision to give this issue a miss and a few recent examples are Varun beverages, HPL LTTS AND GNA which got oversubscribed by 5 timed in QIB BUT have either posted losses or mediocre gains.
On other hand QIBs got ut wrong too on occasions and stayed away from issues later tutned out to be good, examples Parag milk 1.15 times QIB subscribed posted descent returns and infibeam remained undersubscribed in QIB but gave handsome returns. My take retailers made good decision to stay away and this issue will be in the best case good to post mediocore returns.
217.1. ShareView| Link| Bookmark|
December 2, 2016 1:22:36 PM
IPO Guru (2600+ Posts, 3700+ Likes)
ICICI , Quick Heal & L&T Info also in the list whose subscription is more than 10 times but trading at more than 10 % discount
Btw deal all apply in full force to Lauras labs, its a no brainer decision pure and clear winner of the year. I will buy it in secondary market on listing day if my overdose of bad luck continues, never repented after buying RBL @ 300 after I got a duck in IPO.