In SME not at all understanding which company will perform well and which will not perform. Over subscription IPOs are not performing well and Less subscription IPOs are performing well. It's better not to apply in any SMEs IPOs & untill unless very Good Company with technically & Fundamentally Perfect.
Dear Priyansh I think Deccan is Very Good Stock for long term where today this stock hit lower circuit @ 46 and again up move and now almost 58-60 with good buyers and other Stock Is Bright Solar where Promoters Continue Buying from open Market i hold yet suich 4 lot,Deccan 1 lot @ 47 and ritco buy 2 lot today 51-52 all stock i hold for long term
Dear Priyansh in Deccan Hitesh Patel and Mintu Gupta is Promoters of this Co and Kent RO Hold almost 9% stake in this Co. Wese stock ko janbujhkr Down kiya ja rha h shayad Week Investors Apna Shares sold kr ke nikal jay ?
16.2. Splendid| Link| Bookmark|
July 29, 2019 12:15:06 PM
Top Contributor (300+ Posts, 100+ Likes)
@Raja
Same thing happened in Artemis. FII made a Bid after IPO extended. And now you can see a result. It was opened as 70 INR approx 17% up and now trading at 98 INR.
I am going to apply 1 lot as my gut feeling says it won't list at discount.
Goblin India, an Ahmedabad-based luggage manufacturer, is planning to raise about Rs 15 crore through an initial public offering with the company expected to file papers this week. "The company will file the draft red herring prospectus tomorrow and on getting approvals it intends to go for the IPO in August. The stock would be listed on the BSE," a source close to the development said. The firm received a pre-IPO investment of Rs 1 crore from Jaipur Rugs, an exporter and retailer of handmade rugs, said Director Yogesh Chaudhry. Jaipur-based 360 Financial Consulting is the lead advisor and merchant banker for the IPO. The company intends to use a part of the proceeds to increase it production capacity, expand its subsidiaries and strengthen its presence at airports. Goblin India is also planning to increase its dealership network to 1,000 from the present 300, while it aims for an annual turnover of Rs 120 crore by 2021-22. The company's present annual turnover stands at Rs 72 crore. Apart from luggages, Goblin India also manufacturers accessories such as corporate gifting articles, white goods, crockery and novelty goods among others. At present, Goblin bags and luggage are available at AVA Stores at airports. The company is planning to set up its own retail outlets in Ahmedabad, Mumbai, New Delhi, Bengaluru and Hyderabad in the next two years. The firm competes with the brands such as American Tourister, VIP and Skybags, among others.
15.1. Medge| Link| Bookmark|
July 30, 2019 5:39:04 PM
IPO Guru (1300+ Posts, 2000+ Likes)
FII bid is false. Simple logic why did they bid now when issue was extended. Why not earlier? As if they know issue will be extended. Don't fall in trap