As per EquityMaster Research also, its expensive and clear AVOID. Also, its very low promoter holding pre and post IPO is very risky. It will be good if they revise the price band to leave some listing gains. Im skipping due to price band and current market price without any second thought.
I would urge everyone not to apply in this IPO. As market is falling like knife i dont think anyone would be interested to buy on listing
It is extremely disappointing from MR Jaitley which i thought would be market friendly.
Look at indian markets now. when all other markets are doing well. china,hong kong,pakistan going up each day. Infact all money is moving from India to China and hong kong.
What is govt doing now to boost investment.
Market have fallen in almost 8 out 9 tading session and if they continue to fall like this i wont be surprised india getting a junk status
i had high hopes wth Mr Arun Jaitley but he too came as huge disapointment as markets are falling even when global amrkets are strong
i fear if taxes for F11 wont be resolved soon they will make huge outflow of indian market and india will reach in recession.
100 % agree with you.Jaitley is a big failure as a FM. He only sees OFS as fund rasing tool but very few RETAIL Investors gain from OFS. Instead if FPO route is done,it will increase more reail participation. But nobody is bothered for retail. The bitter truth is that EVERYBODY here is to make money including Jaitley....
REPOST: Anchor allocation report has been filed with 2880000 shares allocated at a price of 625 to Reliance, SBI, Pinebridge, RBS, Kotak, Bharti AXA, Jupiter, Amundi and Ashmore.
So, HDFC, AXIS or Birla Sunlife known outperforming MF houses didn''''t subscribe. Good Clue to your money.
151.1. SONMAYA| Link| Bookmark|
April 27, 2015 8:52:29 PM
IPO Guru (1300+ Posts, 500+ Likes)
THANKS...NASIRUL..FOR DETAIL
150. SONMAYA| Link| Bookmark|
April 27, 2015 8:35:46 PM
IPO Guru (1300+ Posts, 500+ Likes)
A TOTAL OF 28,80000 SHRES @ 625/= HAVE BEEN ALLOTED TO ANCHOR INVESTOR....IN UFO MOVIEZ...
149. SONMAYA| Link| Bookmark|
April 27, 2015 8:29:44 PM
IPO Guru (1300+ Posts, 500+ Likes)
DEAR NASIRUL, NOW THERE ARE CIRCULAR ON BSE SITE REGARDING ALLOCATOIN TO ANCHOR INVESTOR.. KDLY GO THROUGH IT...AND POST MESSAGE..THANKS....
I am staying away from this highly priced iPo brought in market do PE. Fund can exist no part of money in coming into the company says a lot abt this ipo with close to 40 PE plus secondary market is looking for big correction I am not applying to this ipo.
I forgot the exact rules but if I remember the allocation should be over a day prior to opening of normal subscription and the report should have been available by now. Could be that Exchanges failed to file but I just checked BSE & NSE again and both can''t fail at the same time.
Anchor allocation report has been filed with 2880000 shares allocated at a price of 625 to Reliance, SBI, Pinebridge, RBS, Kotak, Bharti AXA, Jupiter, Amundi and Ashmore.
So, HDFC, AXIS or Birla Sunlife known outperforming MF houses didn''t subscribe. Good Clue to your money.
Market free falling unnerved anchor investors who don''t agreeing to pay over 450 rs ,,,,ipo may be postponed....or price reducing offerings.....dear dear...
y we shouldnt apply in this ipo??? just becaits highly priced??? y u r not considering its brand name i think its reasonably priced and i wil apply in 3 name for sure dont know about others
139. M Gupta| Link| Bookmark|
April 27, 2015 2:30:04 PM
IPO Guru (1000+ Posts, 3100+ Likes)
THIS WILL KOOOOOOOOOOOOOOOOOOT U.... THIS WILL LOOOOOOOOOOOOOOOOOOT U....
Indeed Pricy Issue. Expectations are it will roam around same 625 on listing. Though investor sentiment at listing can stretch it to 700. Cautious is a good word here as 550 also looks achievable in 2-3 months time.