Why allotment is delayed. This should have been allotted on very next day with warm welcome to investors. there is no lottery or reduction. Sab ko utna melega jitna maanga hai. whats the difficulty to list in advance.
Lot of formalities are required to be done. No. of valid applications and after accepting the mendate by applicants. Allotment is not a piece of cake. Have some patience. Have you applied? If yes, best of luck.
294. Rajesh s.| Link| Bookmark|
December 7, 2021 7:49:28 AM
IPO Mentor (500+ Posts, 600+ Likes)
I will buy when market correct value. I think may be 700/725.
Paytm type listing most probable. Listing below 800 can''t be denied. Grey quotation is in big discount. Even 600-700 price can be seen in 2-3 days after listing.
283. IpoRetailer| Link| Bookmark|
December 3, 2021 2:40:27 PM
Top Contributor (200+ Posts, 100+ Likes)
From the news section:
"The general feedback that we are getting right now is that the pricing was a bit too high. And possibly something should have been left for the investors on the table,"
"The retail and institutional part was fully subscribed but that wasn''t the case for HNIs (High Net-worth Individuals). We saw a tepid response from HNIs and so there has been about a $100 million shortfall. So as a result, the offer for sale size will be reduced to the extent of the undersubscribe portion,"
So we can say its a win for public (even if the IPO sails through)! I hope future IPO''s learn from this mandate.
Agree, companies shouldn’t try to take advantage of booming IPO investment trend now and go for higher share prices. Paytm, Star Health are recent examples….
Shares offered were priced at Rs 870-900 each, more than five times what Jhunjhunwala paid for his almost 15 percent stake at an average of Rs 156 per share. “The valuation was expensive with a price-to-book ratio of 14.15 whereas ICICI Lombard trades at a price-to-book ratio of 8.25 times.”