If anyone got SIS allottment Sell all QTY on listing dont hold and after listing gain it will correct and after correction then again buy when Stock Price will go down then buy and hold for longterm this stcok because its a portfolio share
Dear Investor, Please note that allotment will finalize for SIS India Limited – IPO- 2017 on or about 8th August 2017, only after the allotment you will able to check the status of your application on our below link. Till then kindly bear with us.
Very strange IPO. Anchor investor mutual funds don''t invest in QIB portion. HNI avoid at only 1.6 times but retailers go crazy oversubscribing 19 times. And now grey market is quoting at +100. Any idea what''s happening? Personally, I think SIS is very expensive compared to Quess. Also, Australia business is not growing much so should not get similar valuation to India business. Quess is also planning to raise money at discount to market price. Then why should SIS trade at big premium?
426.1. Septa| Link| Bookmark|
August 7, 2017 9:29:22 AM
(4000+ Posts, 4600+ Likes)
At least we r on the same page on this one......It''s one of the most important things at the end of the day, being able to say no to an investment RII struggling looking at return from last IPOs.
In regards to your question why SIS trade at big premium ? HNI was over subscribed by less then 2 so interest cost per share is only Rs2 so such high premium is just grey market operator playing the game IMO chennai GMP is small market but it correct many times GMP in chennai is only Rs 30 which is around 3% nothing great.
In my personal opinion, I think this stock will close below IPO price. Anchor investor list did not have much FII interest. I heard that some mutual funds who bought anchor skipped in the QIB book. And a lot of the demand came from funds who flip at listing.
426.3. MINTO| Link| Bookmark|
August 7, 2017 1:41:15 PM
Top Contributor (400+ Posts, 400+ Likes)