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September 22, 2022 10:31:39 AM
IPO Guru (1000+ Posts, 700+ Likes)
@admin Hope you are doing well Tapi & Ishan both are listing today but the color code is not working. It should be highlighted with green color but instead it's highlighted with blue colour. Kindly fix it.
@Amit Jaipur, Thanks But it was not to show Daringbaazi. Only the FOMO worked as I am not getting allotment for a long time in any IPO (mainly SME) so thought let's try a less subscribed one only and see if it becomes dark horse from the pack or not
Why I am bullish on this one? 1. Small size 2. Funds for most people are stuck with other IPOs that's why it was less subscribed 3. In India, people eat a lot of these things (Jelly, Candy, etc...) 4. PAT and other financials were consistent and no cooked numbers can be seen (like Ishan for last FY, a sudden jump of 9X). 5. Company is there for the last 20+ years.
I had NOT read the RHP, just the Chittorgarh page only. So all this info looked attractive and appealing to apply. Others' views are welcomed.
@Dinesh Singh, Sorry for late reply, just saw your message. I was allotted 3 lots of EP Bio, holding tight (not because of UC), I see some x factor, I will keep it for some time (at least up to next results).
Not an expert but in my limited opinion, fundamentals quite poor, margins negligible, very high pricing. Only consider applying for listing gains (if any) in case of high NII subscription. 🙏
Whole market is overbought. 10% Corrections is due very soon. Better to stay away. Only applying SABAR FLEX in Retail though not much expectations. Market may fall by this month expiry.