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Aavas Financiers Limited IPO (Aavas Financiers IPO) Detail

September 25, 2018 - September 27, 2018

Aavas Financiers IPO is a book built issue of Rs 1,734.07 crores. The issue comprises of fresh issue of Rs 400.00 crore and offer for sale of 1.62 crore shares.

Aavas Financiers IPO bidding started from September 25, 2018 and ended on September 27, 2018. The allotment for Aavas Financiers IPO was finalized on Wednesday, October 3, 2018. The shares got listed on BSE, NSE on October 8, 2018.

Aavas Financiers IPO price band is set at ₹818 to ₹821 per share. The minimum lot size for an application is 18 Shares. The minimum amount of investment required by retail investors is ₹14,778.

Citigroup Global Markets India Private Limited, Edelweiss Financial Services Ltd, Hdfc Bank Limited, ICICI Securities Limited and Spark Capital Advisors (India) Private Limited are the book running lead managers of the Aavas Financiers IPO, while Link Intime India Private Ltd is the registrar for the issue.

Refer to Aavas Financiers IPO RHP for detailed information.

Aavas Financiers IPO Details

IPO Date September 25, 2018 to September 27, 2018
Listing Date October 8, 2018
Face Value ₹10 per share
Price Band ₹818 to ₹821 per share
Lot Size 18 Shares
Total Issue Size21,121,437 shares
(aggregating up to ₹1,734.07 Cr)
Fresh Issue[.] shares
(aggregating up to ₹400.00 Cr)
Offer for Sale16,249,359 shares of ₹10
(aggregating up to ₹[.] Cr)
Issue Type Book Built Issue IPO
Listing At BSE, NSE
Share holding pre issue73,723,004
Share holding post issue78,201,462

Aavas Financiers IPO Reservation

Aavas Financiers IPO offers 14,785,027 shares. 4,224,293 (28.57%) to QIB, 3,168,220 (21.43%) to NII, 7,392,514 (50.00%) to RII. 410,695 RIIs will receive minimum 18 shares and (sNII) and (bNII) will receive minimum 252 shares. (in case of oversubscription)

Investor Category Shares OfferedMaximum Allottees
Anchor Investor Shares Offered-NA
QIB Shares Offered4,224,293 (28.57%)NA
NII (HNI) Shares Offered3,168,220 (21.43%)
Retail Shares Offered7,392,514 (50.00%)410,695
Total Shares Offered14,785,027 (100%)

Aavas Financiers IPO Timeline (Tentative Schedule)

Aavas Financiers IPO opens on September 25, 2018, and closes on September 27, 2018.

IPO Open Date Tuesday, September 25, 2018
IPO Close Date Thursday, September 27, 2018
Basis of Allotment Wednesday, October 3, 2018
Initiation of Refunds Thursday, October 4, 2018
Credit of Shares to Demat Friday, October 5, 2018
Listing Date Monday, October 8, 2018
Cut-off time for UPI mandate confirmation 5 PM on September 27, 2018

Aavas Financiers IPO Lot Size

Investors can bid for a minimum of 18 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 18 ₹14,778
Retail (Max) 13 234 ₹192,114
Lot Size Calculator

About Aavas Financiers Limited

Incorporated in 2011, Jaipur based Aavas Financiers Limited is a company engaged in the business of providing retail, affordable housing finance to low and middle income self employed customers in semi-urban and rural areas in India. The Company is registered with the NHB as an HFC.

As per an ICRA Report, Aavas Financiers had the lowest GNPAs as of March 31, 2018 and the second highest growth rate of AUM for the last three financial years, among affordable housing finance companies with AUM between Rs 25 billion and Rs 200 billion.

The company offers home loans to its customersfor the purchase or construction of residential properties, and for the extension and repair of existing homes. In addition to home loans, it offers other mortgage loans including loans against property.

As of March 31, 2018-

-Mortgage loans including loans against property accounted for 22.44% of the company's Gross Loan Assets.

-60.40% of the Gross Loan Assets were from customers with earning less than Rs 50,000 per month.

-34.76% of the Gross Loan Assets were from customers who were new to credit.

-63.81% of Gross Loan Assets were from self-employed customers.

-Served over 57,000 customers since the commencement of its operations.

-A network of 165 branches spread across 92 districts in eight states. It has a significant presence in Rajasthan, Gujarat, Maharashtra, and Madhya Pradesh.

-Employs 1,862 personnel in its operations.

Competitive Strengths-

1. Deep penetration in underserved rural and semi-urban markets
2. In-house customer sourcing models ensure optimal pricing and good asset quality
3. Robust Credit Assessment, Risk Management, and Collections Framework
4. Access to cost-effective long-term financing
5. Higher cost and management efficiencies owing to the adoption of technology and analytics

Company Financials

Summary of financial Information (Restated Standalone)
Particulars For the year/period ended (in Rs. Millions)
31-Mar-18 31-Mar-17 31-Mar-16 31-Mar-15 31-Mar-14
Total Assets 38,174.52 24,506.06 17,107.79 8,523.83 4,179.23
Total Revenue 4,572.45 3,054.92 1,908.99 1,037.55 543.22
Profit After Tax 929.33 571.37 327.80 190.81 63.37
Summary of financial Information (Restated Consolidated)
Particulars For the year/period ended (in Rs. Millions)
31-Mar-18
Total Assets 38,174.01
Total Revenue 4,572.71
Profit After Tax 928.75

Objects of the Issue (Aavas Financiers IPO Objectives)

The Offer comprises a Fresh Issue by the Company and an Offer for Sale by the Shareholders.

The proceeds of the Offer for Sale will go to selling shareholders after deducting their portion of the Offer related expenses and relevant taxes thereon. The company will not receive anything from the proceeds of the offer for sale.

The Net Proceeds of the Fresh Issue will be utilized towards augmenting the company's capital base to meet the future capital requirements arising out of growth in the business.

Aavas Financiers IPO Review (May apply)

[Dilip Davda]  Well, on prima-facie issue appears aggressively priced, but considering its unique business model and hugely untapped markets for such type of rural home loan financing, company holds bright prospects ahead. It can be considered as a High Risk-High Yield bet. Investors may consider it for long term investment. Read detail review...


Aavas Financiers IPO Subscription Status (Bidding Detail)

The Aavas Financiers IPO is subscribed 0.97 times on September 27, 2018 6:30:01 PM. The public issue subscribed 0.25 times in the retail category, 2.77 times in the QIB category, and 0.26 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
QIB2.77
NII0.26
Retail0.25
Total0.97

Aavas Financiers IPO Prospectus

Aavas Financiers IPO Rating

603
3.9
Rating:Rated 3.9 stars
Vote Here ...

Aavas Financiers IPO Listing Details

Listing Date October 8, 2018
BSE Script Code 541988
NSE Symbol AAVAS
ISIN INE216P01012
Final Issue Price ₹821 per share

Pre-Open Session - NSE Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
BSE
₹821.00
₹758.00
₹710.00
₹787.50
₹773.15
NSE
₹821.00
₹750.00
₹710.05
₹787.00
₹774.35

Check IPO Performance…

Aavas Financiers Limited Contact Details

Aavas Financiers Limited
201-202, 2nd Floor,
South End Square, Mansarover Industrial Area
Jaipur 302 020, Rajasthan,
Phone: +91 14 1661 8800
Email: ipo@aavas.in
Website: http://www.aavas.in/

Aavas Financiers IPO Registrar

Link Intime India Private Ltd

Phone: +91-22-4918 6270
Email: aavas.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html

Aavas Financiers IPO FAQs

Aavas Financiers IPO is a main-board IPO of 21,121,437 equity shares of the face value of ₹10 aggregating up to ₹1,734.07 Crores. The issue is priced at ₹818 to ₹821 per share. The minimum order quantity is 18 Shares.

The IPO opens on September 25, 2018, and closes on September 27, 2018.

Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

The Aavas Financiers IPO opens on September 25, 2018 and closes on September 27, 2018.

Aavas Financiers IPO lot size is 18 Shares, and the minimum amount required is ₹14,778.

You can apply in Aavas Financiers IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Aavas Financiers IPO will be done on Wednesday, October 3, 2018, and the allotted shares will be credited to your demat account by Friday, October 5, 2018. Check the Aavas Financiers IPO allotment status.

The Aavas Financiers IPO listing date is on October 8, 2018.
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Aavas Financiers IPO Message Board

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618 Comments

366. Aswin |   Link |  Bookmark |November 19, 2018 12:10:54 AM
No IPO's in the last 2 months from developers, show that, They are only to suck blood from the investors, It's clearly evident. They just want themselves to be wealthy,
365. Eagleye |   Link |  Bookmark |November 11, 2018 5:59:13 PM
IPO Guru IPO Guru (6600+ Posts, 22000+ Likes)
THE MOST RELIABLE
List of Main board IPOs IN THE PIPELINE
(Status as on 02nd November 2018)


A) DRHP Filed - SEBI Approval *Awaited*:

1) Polycab Wires >>> DRHP date 31-Oct-18
2) Prince Pipes And Fittings >>> DRHP date 15-Oct-18
3) Emami Cement >>> DRHP date 12-Oct-18
4) Heranba Industries >>> DRHP date 29-Sep-18
5) Stove Kraft >>> DRHP date 28-Sep-18
6) Neccon Power & Infra >>> DRHP date 28-Sep-18
7) Metropolis Healthcare >>> DRHP date 28-Sep-18
8) Chartered Speed >>> DRHP date 27-Sep-18
9) Narmada Biochem >>> DRHP date 26-Sep-18
10) Zircon Technologies >>> DRHP date 24-Sep-18
11) Anand Rathi Wealth Services >>> DRHP date 24-Sep-1
12) T & T Infra >>> DRHP date 24-Sep-18
13) Flair Writing Industries >>> DRHP date 24-Sep-18
14) Inventia Healthcare >>> DRHP date 21-Sep-18
15) Shri Bajrang Power and Ispat >>> DRHP date 12-Sep-18
16) Angel Broking >>> DRHP date 05-Sep-18
17) Xelpmoc Design and Tech >>> DRHP date 28-Aug-18
18) Studds Accessories >>> DRHP date 27-Aug-18
19) Senco Gold >>> DRHP date 21-Aug-18
20) Mrs Bectors Food Specialities >>> DRHP date 13-Aug-18
21) Sansera Engineering >>> DRHP date 10-Aug-18
22) Shyam Metallics and Energy >>> DRHP date 06-Aug-18
23) Vishwaraj Sugar Industries >>> DRHP date 20-Dec-17


B) SEBI Approval *Received* *(within the past 4 months)*:

1) PNB Metlife India Insurance Co. >>> SEBI Approval 02-Nov-18
2) AGS Transact Technologies >>> SEBI Approval 26-Oct-18
3) Harsha Engineers >>> SEBI Approval 19-Oct-18
4) Affle India >>> SEBI Approval 19-Oct-18
5) Chalet Hotels >>> SEBI Approval 19-Oct-18
6) Dodla Dairy >>> SEBI Approval 17-Oct-18
7) Bharat Hotels >>> SEBI Approval 12-Oct-18
8) Spandana Spoorthy Financial >>> SEBI Approval 12-Oct-18
9) ASK Investment Managers >>> SEBI Approval 05-Oct-18
10) Muthoot Microfin >>> SEBI Approval 05-Oct-18
11) Puranik Builders >>> SEBI Approval 05-Oct-18
12) Nihilent>>> SEBI Approval 01-Oct-18
13) Aakash Educational Services >>> SEBI Approval 28-Sep-18
14) Ami Organics >>> SEBI Approval 28-Sep-18
15) Century Metal Recycling>>> SEBI Approval 27-Sep-18
16) Anmol Industries >>> SEBI Approval 21-Sep-18
17) Indiamart Intermesh >>> SEBI Approval 14-Sep-18
18) Avana Logistek >>> SEBI Approval 14-Sep-18
19) Hinduja Leyland Finance >>> SEBI Approval 07-Sep-18
20) Srei Equipment Finance >>> SEBI Approval 07-Sep-18
21) Penver Products >>> SEBI Approval 05-Sep-18
22) Vectus Industries >>> SEBI Approval 31-Aug-18
23) Milltec Machinery >>> SEBI Approval 30-Aug-18
24) Craftsman Automation >>> SEBI Approval 24-Aug-18
25) Route Mobile >>> SEBI Approval 16-Aug-18
26) Mazagon Dock Shipbuilders >>> SEBI Approval 10-Aug-18
27) SembCorp Energy India >>> SEBI Approval 01-Aug-18
28) Montecarlo >>> SEBI Approval 31-Jul-18
29) Crystal Crop Protection >>> SEBI Approval 27-Jul-18
30) ReNew Power >>> SEBI Approval 18-Jul-18
31) PN Gadgil & Sons >>> SEBI Approval 13-Jul-18
32) G R Infraprojects >>> SEBI Approval 11-Jul-18
33) K P R Agrochem >>> SEBI Approval 10-Jul-18


C) SEBI Approval *Received* *(>4 months ago)*:

34) Lodha Developers >>> SEBI Approval 06-Jul-18
35) Shakun Polymers >>> SEBI Approval 05-Jul-18
36) Flemingo Travel Retail >>> SEBI Approval 29-Jun-18
37) Nekkanti Sea Foods >>> SEBI Approval 22-Jun-18
38) Atria Convergence Technologies >>> SEBI Approval 15-Jun-18
39) Sandhya Marines >>> SEBI Approval 12-Jun-18
40) Genius Consultants >>> SEBI Approval 04-Jun-18
41) Rail Vikas Nigam >>> SEBI Approval 17-May-18
42) Devi Seafoods >>> SEBI Approval 11-May-18
43) John Energy >>> SEBI Approval 27-Apr-18
44) Nazara Technologies >>> SEBI Approval 20-Apr-18
45) Capricorn Food Products India >>> SEBI Approval 12-Apr-18
46) Krishna Institute of Medical Sciences >>> SEBI Approval 07-Mar-18
47) Patel Infrastructure >>> SEBI Approval 05-Mar-18
48) Indian Renewable Energy >>> SEBI Approval 16-Feb-18
49) Barbeque-Nation Hospitality >>> SEBI Approval 05-Jan-18
50) Acme Solar Holdings >>> SEBI Approval 15-Dec-17


D) SEBI Approval *Received* *(>12 months ago)*:

51) CMS Info Systems >>> SEBI Approval 30-Nov-17
52) Reliance General Ins. Co. >>> SEBI Approval 29-Nov-17
53) Seven Islands Shipping >>> SEBI Approval 10-Nov-17
54) Prince Pipes and Fittings >>> SEBI Approval 03-Nov-17
55) Gandhar Oil Refinery (India) >>> SEBI Approval 26-Oct-17
364. Aniketiaf |   Link |  Bookmark |November 7, 2018 7:34:03 AM
IPO Guru IPO Guru (1800+ Posts, 10200+ Likes)
* ????ॐ श्रीगणेशाय नम:????*
*????शुभप्रभातम् ????*

*_????????आपको परिवार , सम्बन्धी व मित्रगण सहित दीपावली के इस पवित्र पर्व की हार्दिक शुभकामनाएँ । माँ लक्ष्मी की कृपा आप सभी पर सदैव बनी रहे तथा आप सभी स्वस्थ रहते हुए सुख-समृद्धि से युक्त हो दीर्घायु प्राप्त करें। ????????_*




*क्षणिकं दीपकज्योति-*
*र्ज्योतिस्तत्त्वं सनातनम्।*
*अमृतं नो भवेज्ज्योतिः*
*वरदा दीप - मालिका ।।*
*अर्थात्????*
_दिये का प्रकाश क्षणिक होता है किंतु प्रकाश तत्त्व सनातन है । ऐसे अमर प्रकाश की दीपावली हमारे लिए वरदायक हो।_
363. Ipo.... |   Link |  Bookmark |October 19, 2018 10:22:32 PM
Happy Birthday septa sir....
363.1. PavanM |   Link |  Bookmark |October 22, 2018 11:55:18 PM
IPO Mentor IPO Mentor (600+ Posts, 400+ Likes)
Many Happy Returns of the Day Septa ji.. Good to see how much love and affection chittorgarh members showering on you that they remember ur birthday despite not much activity in IPO market and chittorgarh website due to lack lustre and volatile market.
Boycott NTPC Green Energy IPO
362. suheelan |   Link |  Bookmark |October 9, 2018 10:09:32 PM
After 3 or 4 years of hectic IPO activity has the time come for Lead Managers to take rest for a year or two ?
The companies who have got approval and who will get approval will allow their approvals to lapse. If the companies who have approvals to go IPO will they fix the price at reasonable level , then there likely chance of subscription . What is reasonable price is the moot point? Another question is whether the Lead Managers and PE investors are in a hurry to come out with an IPO at reduced valuation?
361. Anarchist |   Link |  Bookmark |October 9, 2018 11:32:04 AM (500+ Posts, 1400+ Likes)
The only real positive factor about this script is its name ....'AVAS' ....WoW!! ..That sounds truly Shuddh and Swadeshi ...No?....One might argue that even the laymen these days understand what a house or a home means, but AVAS gives the whole theme that patriotic, Bharat touch that most nation builders would love to appreciate........
361.2. Anarchist |   Link |  Bookmark |October 9, 2018 6:26:38 PM (500+ Posts, 1400+ Likes)
I'm good thank you....Bottom can't be reached until they see a ray of hope...some green shoots in the vicinity to base the next rally upon...There has been a slew of bad news for the economy...Dollar, Oil, Monsoon, Payment defaults, Artificially supressed rates, MSP hike, Aadhar fiasco,unbelievable growth numbers etc...And this one Ayushyaman scheme IMO is the final nail in the economy's coffin....

FIIs know this and they are exiting big time...and they won't return unless they see sime logical, pro economy steps taken to bolster the system.. ..So I believe the bottom can't be reached anytime soon...not until the class of investors called the 'retail' is completely annihilated....All faith, analysis,calculations methodologies, SIPs etc would eventually go for a toss and people would run scared,to save the last bit of their money....
361.3. v for vendetta |   Link |  Bookmark |October 9, 2018 7:41:09 PM
IPO Mentor IPO Mentor (500+ Posts, 500+ Likes)
Agree with you.
I have a feeling that market will repeat a 2010-2013 kind of phase.
What a sad state of this country that we can't even have at least 8-10 companies that we can put faith on. You dont know which will turn into next Yesb, DHFL or tata motors. Sometime I think India's stock market is just a hoax. Designed to fool gullible small investors. The rally, growth, P/E etc is just meaningless. If you are lucky to be in a bull run (Fake or real), you make some money and then sell everything and dont look back.
360. vijaya kumar b |   Link |  Bookmark |October 9, 2018 2:43:26 PM
Gentleman, I have warned you to fail this IPO by not subscribing it due to its high price. Like Dinesh Engineers, it should have also called off IPO listing. Now face the music. It will come down to its real price within a weeks time. Like water finds its own level, this stock also will find its actual price.
359. Anarchist |   Link |  Bookmark |October 9, 2018 11:25:25 AM (500+ Posts, 1400+ Likes)
Affordable housing is going through a transitional phase...The way policies are being crafted and newer masterstrokes delivered every now and rhen, I can see most current premium houses becoming affordable, very affordable very soon.. ...And mind you...not all companies can handle such a phenomenal change...It must take the genius of Reliance Home Finance to weather such storms ....
So the trade would be to buy Reliance Home and short names like HDFC, PNB Housing, Avas etc against margin intraday* everyday.....
358. harit |   Link |  Bookmark |October 8, 2018 7:28:37 PM
Sold out @776 (s2 1400)
Now I will take a break till Diwali
Till then enjoy your festivals
Be happy
357. SJ |   Link |  Bookmark |October 8, 2018 7:22:08 PM (1300+ Posts, 3200+ Likes)
Market Crash has now become political issue.
Read this short and sweet a must read article.

BJP is responsible for market crash. - Sanjay Nirupam , President Mumbai Congress

https://www.ndtv.com/mumbai-news/mumbai-congress-launches-hoarding-war-against-bjp-over-market-crash-1928243?amp=1&akamai-rum=off
356. Anarchist |   Link |  Bookmark |October 8, 2018 6:43:36 PM (500+ Posts, 1400+ Likes)
There are people who bought a huge quantity ot VA Tech Wabag based on Namami Gange or whatever that cleaning up scheme is called.... Similarly there are folks who bought everything from solar themes, to affordable housing to infrastructure,manufacturing based on different slogans...None though seems to have set to come out happy or lauding the decision they took...This is the distribution phase..and only the fools would dare believe this to be the capitulation and buy ..
355. Anarchist |   Link |  Bookmark |October 6, 2018 10:52:48 AM (500+ Posts, 1400+ Likes)
There is nothing surprising about the ongoing market mayhem.....FIIs just took advantage of the sentiment based on fallacies, creating an illusion of a utopia in the making.... Selfish analysts and advisors with their misleading doctrine only supported it ..

One can't run a scarily high CAD and still roll out a scheme gifting away huge amounts to Non Tax Payers in the name of health insurance while keeping the tax payers and hard working middle class deprived of such facilities....One can't afford to splurge billions on taking back and re issuing notes, changing the denomination, colour or size of currency bills....That's destructive creativity....Farm loan waivers, subsidies, MSP all these gimmicks can only cause a profound damage to the already fragile economy..

I'm afraid but the economy is headed for a disaster...I had said this when the current set of policymakers rolled out their first set of policies..which were stunningly absurd.....and I can reiterate my stance now ....It's a huge huge mess...and the situation is already past the point of no return...THEY have screwed it up big time..
355.3. k l patel |   Link |  Bookmark |October 7, 2018 3:44:37 PM
IPO Mentor IPO Mentor (600+ Posts, 200+ Likes)
this politics is hapening due to most of the educated n tax paying community did not vote since independence... and politicians know to whoom they should make happy to win elections... these tax paying community should at least vote regularly for 20 years to make some impression on political decisions... u can see recent change in politics as "hindu vote", till 2016 conges poeple were making mokkery if anybody speak abt hindu or hindu vote. now u see congers president is posing as a shiv bhakt since 2 years n everybody knows how much spiritual he is...
355.4. Anarchist |   Link |  Bookmark |October 8, 2018 6:09:39 PM (500+ Posts, 1400+ Likes)
I don't have a problem with what people say to win elections....I don't have a problem even if the promises remain unfulfilled...But I can't reconcile when big economic decisions are based on the whims of people who dont know the difference between running a Kirana store and running a nation of 1.2 billion.....

I hope the voters beat the s**t out of THEM in the upcoming elections...After all the harrassment, they too need a closure......
354. Jai D. Patel |   Link |  Bookmark |October 8, 2018 4:22:14 PM
my portfolio is @ -55% today...

No problem upto -100% :-)
353. harit |   Link |  Bookmark |October 8, 2018 2:48:35 PM
785 high?
Good
353.1. SJ |   Link |  Bookmark |October 8, 2018 3:58:26 PM (1300+ Posts, 3200+ Likes)
Full satta by AU operators.
Check after three four days.It will be below 700.
352. Cautious ipo |   Link |  Bookmark |October 8, 2018 3:14:33 PM
IPO Guru IPO Guru (2100+ Posts, 1200+ Likes)
।। जो बेच दिया वो बच गया ।।
351. SJ |   Link |  Bookmark |October 8, 2018 1:02:54 PM (1300+ Posts, 3200+ Likes)
AU mai jo munafa diya tha uski sari vasuli karli.
Good Listing Gain for promoters????& good lesson for those 25% blind riis.

Au bank result on 13th.Again this stock also become volatile.

Garden listing would be even more worse.
350. SJ |   Link |  Bookmark |October 7, 2018 8:04:49 PM (1300+ Posts, 3200+ Likes)
https://www.timesnownews.com/amp/business-economy/markets/article/big-relief-for-stock-market-investors-ipos-fpos-esops-exempt-from-stt-for-availing-concessional-ltcg/295642
350.1. SJ |   Link |  Bookmark |October 8, 2018 12:58:51 PM (1300+ Posts, 3200+ Likes)
SJ (Oct 5, 2018 4:11:58 PM)
For: Aavas Financiers Limited

SJ ( Oct 3, 2018 4:22:25 PM )
For: Dinesh Engineers Limited

Nifty seeks strong support at this level 10760-10780.It must bounce back from that level otherwise it'll plunge down to bloodbath 10200-10250 level.
#------------------**-------------------#
Today on 5th Oct. Nifty made Low of 10,261.90.

After posting the comment , Nifty crashed more than 500 points in 2 days.

On Monday opening bell would be in red.
*-------------------##-----------------*
Nifty's new support level 10,200-10,250 now confirmed if closing bell in green.
~~~~~~~~~~~~~~~~~~~~~~~~
Saturday Sunday seems to be achche din as our jootley baba wake up on these days and gives hope for some good news.
349. PSR |   Link |  Bookmark |October 8, 2018 12:38:53 PM
IPO Guru IPO Guru (1300+ Posts, 700+ Likes)
Not a bad listing in the present market conditions.

However, the issue is whether the present rate sustains? or loss to booked?

If this rate sustains for a week or so, then all allottees can expect issue price shortly.
348. Carn Mohan |   Link |  Bookmark |October 8, 2018 11:36:13 AM
IPO Guru IPO Guru (1300+ Posts, 500+ Likes)
- 100 pahly hi bool diya tha
347. Hooda |   Link |  Bookmark |October 8, 2018 11:08:46 AM
Sold at 711