Sir considering the interest of QIB HNI and non-participation of Retail , I think this stock can get listed at a premium and well may go up sharply if the all shares are accumulated by these institutions and HNIs.
NII and QIB have taken cream in this IPO.. Retail portion unsubscribed and retail investors'' shares pocketed by NII and QIB for India''s largest mattress manufacturer which is almost debt free, has high return on equity and has established position in the ever expanding consumer market... Jai Ho to brokerages saying the IPO is expensive..!!
177. Eagleye| Link| Bookmark|
December 1, 2016 3:14:26 PM
IPO Guru (6600+ Posts, 22000+ Likes)
Sheela Foam IPO
Day 3 at 03:15PM
QIB*: 11.74X (*Excluding Anchor) NII : 1.42X Ret : 0.19X