Beautiful comments by investors recommending issue because Sector is good. But, but about IPL , Heranba and few others strong chemical companies trading below IPO price. One fellows says something of oast IBC proceedings am not sure if true, but if yes we need to explore it. Best of Luck
It appears the clash of many issues in the IPO market has affected the oversubscription ratio of these 4-5 IPO opened during this week. Let's hope everyone will get a good allotment. Although GMP may not withstand the pressure.
So NAZARA IPO has shown its Nazara issue oversubscribed in two hours. Allotment may be scarce. I think this may be the last satisfactorily good issue of this financial year. As there seems to be no other issue upcoming before fiscal year-end. So for the next two-three months, there won't be any issue bcos as per law no one can bring IPO unless last FY audited accounts are submitted. So HDB and many others expected for the last 2-3 years have missed this year too.
This IPO appears the best among all coming this week. Far better than other chemical IPO on market. There may not be very high Listing gains but in the long run company will remain safe and performing. Once they diversified in the Fluorine segment naturally profits and ratings will increase.
It appears at moments Investors have not taken any interest in this issue. The confidence of investors in GMP has gone shaky. Actually, it's always risky to depend on GMP.
As I told those who were doubting that QIB or NII wont get subscribe every segment got sold and over subscribe and may be good allotment at least 1 out of two can expect allotment. Experts feel this budget will bring this company to limelight and Government may sell some more shares at higher price. So it wont be something surprising if after budget you find a big jump in this share. Because BJP Govt want to run so many new trains, dedicated freight corridor need double-decker trains. But FM doesn't have any money to give to Railways so who will arrange that-IRFC. Rest even if everything goes worse risk wont be more than 1-2 rupee. Enjoy allotment.
Dear Members on this forum, I think may be very few of you have ever bothered to read the "RED HERRING PROSPECTUS" In every IPO its clearly mentioned: "QUOTE In case of joint Bids, ensure that First Bidder is the ASBA Account holder (or the UPI-linked bank account holder, as the case may be) and the signature of the First Bidder is included in the Bid cum Application Form; UNQUOTE" If we feel our application is accepted that's not correct because once shares are allotted they check the details and in case of any discrepancy just cancel the allotment. So follow the legal terms without trying to hoodwink the system.