110. SJogi| Link| Bookmark|
March 22, 2023 5:20:53 PM
IPO Guru (1100+ Posts, 900+ Likes)
Size ke hisab se achi hi hui hai listing I was expecting negative listing but it listed at par. Then went negative. Qibs ne abhi tak maal nahi becha hai pura Yeh bhot girne wala hai ab.
Sorry for the members who dare to apply and did/could not sell in pre open market. Some members were positive for listing gains but not happened. After listing Lowe Circuit. In positive market bad listing, as expected by more members.
This IPO also may devolved like Patron Exim due to low subscription and technical rejection may be a concern and LM have to underwrite the unsubscribe portion.
2nd IPO Devolved after Patrom Exim Limited SME IPO in 2023.
This issue 'Sudarshan Pharma" was also Devolved (Under subscribed) for valid application as per BOA and LM as underwriter has to subscribed for 4,22,400 equity shares worth Rs. 308.35 Lakhs from there own pocket 🙏 to save the listing and sail through.
A big setback for Merchant Banker's to do IPO's like this.
Hope Merchant Bankers will be more cautious while choosing the company proposed for listing in near future.
Managed to subscribe. So sail through. Members know SUDARSHAN pills/tablets. Not good in taste at all. The same happened to this one. Most of this forum members have not invested in Pharma stock. I have not applied.
The IPO does not have enough firepower for me to be able to subscribe. The market is really choppy and investors mood is not that great. Otherwise, this company might surprise on listing.