1093. rsk| Link| Bookmark|
July 24, 2021 9:12:58 AM
IPO Mentor (600+ Posts, 300+ Likes)
Anchor book Over subscription 35X QIB > 52X
There is no bulk/block deals so far announced. (not even the usual proprietary traders, who trade huge qty for few paise) (May be these are comfortable buying at Re 76?)
So who bought (and who sold) all these at the opening and 65% delivery? (there was regular supply at 126-128 range)
Mostly retailers bought. Who else it can be? There were many retailers who did not bid for IPO due to various reasons like low GMP during early days, huge misinformation campaign by so called experts on TV and Social Media regarding the expensive valuation, loss making company -etc. Those who applied also backed out later - remember 28% applications were rejected, one reason being not accepting the UPI mandate. There were many IDs in Chittorgarh who relentlessly posted negative messages in the name of "saving innocent retail investors". The same people turned positive after GMP sky rocketed and the retailers missed the bus. Now after the listing with 60% premium and hitting the UC all the retailers are buying due to FOMO (Fear of missing out). Again they may end up holding the bag. Same old story!!
Investment bankers handling Zomato’s Rs 9,375 crore IPO earned Rs 229 crore in fees, the food delivery unicorn’s final offer documents showed, making it one of the biggest payouts for any Indian IPO.
2.4 % ..
1090.1. Crow| Link| Bookmark|
July 24, 2021 11:59:05 AM
IPO Mentor (900+ Posts, 1100+ Likes)
According to Mint, it WAS the biggest payout for an Indian IPO so far. :)
@sdz what do think bullish or bearish. I think bullish for 1st one hour.
1086.9. lokes| Link| Bookmark|
July 24, 2021 1:29:18 AM
IPO Guru (4400+ Posts, 5100+ Likes)
I am also holding all the allotted shares...
1086.10. sdz| Link| Bookmark|
July 24, 2021 10:41:56 AM
IPO Guru (1300+ Posts, 600+ Likes)
@Lokes... All the best for Monday
1086.11. sdz| Link| Bookmark|
July 24, 2021 10:45:02 AM
IPO Guru (1300+ Posts, 600+ Likes)
@prahraju... All biggies who wanted to buy must''ve bought yesterday itself, so have to see where it''ll consolidate and stabilise. For Monday 120 & 130 are key levels
Just an observation I was ordering good from swiggy day before yesterday I observed spike of 15% in food listing in particular restaurant which I ordered few days back same dish was available at 115 now listed in app at 135. I didn''t order. Yesterday I went to restaurant n checked price they say its 115. Also in my area my home lane swiggy and zomato was coming everyday 5/7 days in a week. Sometimes 2 time a day. But what I observed after price bike food delivery came only 2/7 a week last 2 week trend. So I can only say by observing pricing war will be there always. and customer is also Smart now they wouldn''t order unless until they comfortable with price. Unusual spike in profit may b temporary for apps. Like price hike.
Testing. Earlier It was tested by preponing to 1 day.This time 2 days.Market holiday on 21st july is neglected.
2nd probable reason could be market trend.Since market is range bound , next week could be slightly bearish.We''ll check this on Tuesday.Till then do the party.
I think there was a proposal to reduce overall IPO time and conclude all the activities from bidding to listing within a week. Like, 3 days for bidding, next 3 days for allotment and Refund and the listing on the 7th day. I think Zomato IPO is a first step towards that, like a trial run. It may become the new normal for all the IPOs in future. Cheers!!
Its foolish to expect new rulling by sebi to reduced listing days... Neither tatva or next ipo will be list before scheduled 2 days like zomato ...its all about honey money .... Everything will be in your pocket if you offer dishcounts
I don''t know if anyone has read the sebi draft about ... IPO listing strategy..... right now we are on stage 2 of the draft.....stage 3 comprises the listing procedure to shrink to 3 days. We are experiencing an upgrade in system infrastructure and it''s good for retail investors.
Ankurji .Adani Group is not in any pressure . It is just lacking publicity. Adani Enterprise is their Incubator. Following Adani Wilmar It will have Adani Airports IPO, They have just initiated 1000 acres of Land purchase for Cement plant in Maharashtra. Many more activities on. It is going from strength to strengh. The right place to be for a long-term investor.
A huge loss making company enters capital market with IPO size of Rs. 9275 crores.. Re. 1 share is offered to public @ Rs. 76... Issue oversubscribed by 38 times...On the day of listing, the company directly enters top 50 companies of India by market cap with listing price of more than Rs. 120... The market cap of the company exceeds that of Tata Motors, Hindalco, Vedanta, Dr. Reddy, Cipla, Sail and so on... Welcome Zomato to this new crazy Indian finacial market... 🤔🤔