EXIT ALL ANUPAM RASAYAN SHARES ALLOTTED IN IPO IN LOSS SHIFT YOUR POSITIONS TO LAXMI ORGANICS KALYAN CRAFTSMAN ANUPAM ALL WILL BE IN LOSS IN LISTING TO RECOVER LOSS ALL HNI QIB WILL MOVE TO LAXMI ORGANICS LISTING DAY
Dont be so happy bro. You could be there in very soon..
585. Salah| Link| Bookmark|
March 24, 2021 11:20:40 AM
Top Contributor (500+ Posts, 200+ Likes)
So Anupam Rasayan , EaseMyTrip IPO''s prove that GMP is also manipulated to get more retail investors. There was hardly not much negative in market from last week still anupam listed at discount. Next Time beware of GMP before applying. Check company performance before applying IPO and not GMP
"Be fearful when there is greed and Be Greedy when there is fear". Above Quote applies to primary market too. Here promoters were extremely greedy so retailers should have some fear before applying. Well one of the promoter bought in the range of Rs 200 to Rs 250 just 3 months back and here they were asking for Rs 555 more than double. There we see greediness of promoters. At the point of fundamentals, company is very good but the company was valued very high. Nothing was left on the table.
I have one lot at 520. Experts please suggest what to do.
582. P Patel| Link| Bookmark|
March 24, 2021 10:09:49 AM
IPO Mentor (900+ Posts, 900+ Likes)
Even after good subscriptions - Total 44x, listing is negative. This reflects Primary market at its peak, greedy promoters want to take maximum benefits, Retailers apply in all IPOs without studying and checking right valuations and finally got trap into it. There are many such examples in near past... like Sterling & Wilson, Spandana Sphoorty etc... which yet to cross its IPO price.....
You are right. But this company is fundamentally good except with the valuations.
582.2. P Patel| Link| Bookmark|
March 24, 2021 10:48:35 AM
IPO Mentor (900+ Posts, 900+ Likes)
@Newrookie - Agree on fundamentally, but valuation at this moment is very high... may be after 1-2 years this valuations will look attractive. The point here I want to highlight is promoters are coming with IPOs with very high valuation to encash the peak of market and also sentiments of retails are also towards IPO for listing gains...
Because of its good fundamentals, I will buy once it is available around 470 in couple of weeks.
Did Ease my trip gave negative return? Till Friday it was above 200. Today it''s below the IPO price and we all know about the rising COVID cases and its impact on travel.