I have got information from informed circles that due to poor market sentiment the stock will be heavily shorted by brokers. they would like to short on huge volume.
this would even have worst and disastrous listing than shree ganesh jewellery.
mt first though was it might crash after openining at issue price but looks now that stock will list at 85 rs and brokers will drag it below 50 rs on same day.
those who get chance to sell on openinig should get out at loss. as small loass is better than very big loss.
those who want to enter this stock can look for 20-22 rs level to enter it
do not go by small issue. even intrasoft(50 crore),pradeep overseas(100 crore),infinite computers?(sbscribed whooping 50+ times) got subsribed heavily.
as markets are on downtrend. i am sure the price would be above issue price fpr only 2 minutes for promoters to get out and as all fI and non inst will sell heavily in this stock on openining this would be another hsree ganesh jewellery type ipo listing.
jubiliant foodworks has international brand name dominos and cox and kings too thats why they are able to hold above issue price.
this is a local gym company and they will run away with your money by paying heavy rents on their pusrchase.
i will be back on listing as within 5 minutes you will see this stock below issue price
This is an over priced Issue.. Check out the PE of 40+ .. But remember this is a very small issue 77 crores & remeber this is a sunrise sector..The freefloat is going to be very less around 10 - 12 crores only...
This IPO is similar to Jubilant Foods.. so i wont be suprised if speculators buy @ exhorbitant rates.. If we are lucky we could get 100% returns like jubilant food works...
But now the market sentiments are bad.. There is also a chance of back firing.. SO those who have been alloted keep ur fingers crossed..
My gut feeling is you would get a returns of atleast 30 %
ds iska premium aaj 12 rs chal raha hai check the current gmp from brokers par woh bhi sab sellers hai and no buyers. tum yeh stock ko pucca listing wale din kafi neeche price par dekhoge on closing.
all finvestors will be heavy sellers in this stock on day1. stock not worth 80 rs so it will be reaching that price in 1 month.
it could be another shree ganesh jewllery type of listing .all were saying shree ganesh jewllery will surpris and see it has surprised today its down about 55% of its issue price
those who are lucky can bid on openinig at issue price and if lucky they can exit on their costing rest of them only god can save those
shivanand shankar manekar & family the famous investor known for his early entry into pantaloon and indiainfoline holds more than 6% equity of the company ....this stock is a multibagger....sit tight
TALWALKAR share allotmet sell it immediately on listing day if you are lucky to sell close to issue price as it will open on listing 20-25% up issue price.
stock to list at 120 rs will crash on openining to 95 rs and finally close day at 90 rs. those who get chance to sell on around 120 rs on listing will be lucky