It seems to be "High Risk and Low Gain" considering the falling GMP, track record of LM, muted subscription so far and below average fundamentals of the company
123.5. SSingh| Link| Bookmark|
February 9, 2023 11:18:58 AM
IPO Guru (1400+ Posts, 800+ Likes)
111. Arca| Link| Bookmark|
February 9, 2023 10:05:00 AM
(1000+ Posts, 500+ Likes)
Felt bad for not applying Gayatri ,i thought it would list negative. Even that listed 17% listing gain which is good for that subscription and with uc's really suprising. So Applying 5 retail here Anyways qib are there so less chances of very bad listing. Expecting Flat or meagre loss/profit.
Noorul sir clearly said that he will apply in gayatri, i applied for Gayatri and still holding as Noorul sir said that they will hold at least 2 weeks....
111.2. Learner SK| Link| Bookmark|
February 9, 2023 10:52:51 AM
Top Contributor (1000+ Posts, 200+ Likes)
Gem - Noorul is negative here in Shera. He sold in Grey and hence applying just to cover his position. fyi
110. Romy HNI| Link| Bookmark|
February 9, 2023 6:16:11 AM
IPO Mentor (500+ Posts, 400+ Likes)
QIBs not shown any interest yet... No buyers in Grey market.. OFS in IPO something negative.. Low GMP....
GOD KNOWs.. Where will be the listing...
110.1. Imhilli| Link| Bookmark|
February 9, 2023 8:12:54 AM
IPO Guru (1200+ Posts, 700+ Likes)
@Romy GIB generally apply on last day and last minute. The are not so interested in SME IPOs. So, to rely only on QIB subscription figures will not be a parameter to apply/not apply for the retailers. Members are negative on this one. Subscription figures are also not so interesting. Decision should, only, be individual on one's risk appetite. Just to apply if somebody is so edict/mad will be personal choice.
Debt of >Rs 100cr looks too high for a company making 4-6cr profit every year... meaning the company needs at least 15-20 years of operations only to repay the debt (unless there is super growth in toplines and bottomlines)
Generally, things (SME IPO) that are more profitable will gravitate to average profits with time due to overcrowding and increasing confidence of LMs to take a larger bite into those profits. We are also seeing off-late that lower subscribed SME IPOs are giving higher returns than GMP. So basically SME IPOs will become a game of higher risk higher return instead of guaranteed high returns (if subscribed) with no risk.
105.3. Romy HNI| Link| Bookmark|
February 9, 2023 9:33:41 AM
IPO Mentor (500+ Posts, 400+ Likes)
Dear Parakram..
I don't agree... Yes it is very difficult to get allotment in Retail category because of Huge subscriptions....
But in HNI category, pro rata allotment is there ....of course with lottery system in small lots.....
I m getting confirm allotments in HNI category..... and also once in a blue moon getting in Retail category also...