Big avoid. Poor investors' money will be used in lavish page 3 bollywood parties. While poor small middle class will only see the photos in the newspaper. Keep away from this IPO. Let them die their much deserved slow death!
Risk in the entertainment business have gone down significantly with prior commitments from OTT players, Music Rights, Satellite etc etc. Saw his interview on CNBC and he comes across as a solid business person. Would recommended to subscribe for listing gains and hold.
After all it's the show biz and glitter what brings on show with celebrity like Harman Baweja , both Zee and CNBC surprisingly covered with LONG 1 on 1 interview in studio. They don't mind to miss RBZ, Motisons or Zomato untill there own interest are taken care , after all it's TRP clubbed with own preferences. How Zomato turned favorite of Zee is well known fact , coupled with the fact that Zomato proved their calculations wrong.
Before applying please do have a look at q3 results of PVR Inox and down fall it has seen over the past one month or so despite line up of movies and more screens coming up . Let the experts also through some light on entertainment IPO as it seems over priced with uncertain future .
4. Vnrao| Link| Bookmark|
January 27, 2024 6:32:30 PM
Top Contributor (300+ Posts, 100+ Likes)
News flash Baweja , Studios Ltd, Anchor investment portion of the QIB has been fully subscribed on 25 January 2024 The issue opens on 29 January 2024 to 1 February 2024
This is a real loot koot Company. My heart feels the pain of innocent retail investors who got koooted and loooted by the Company. Continuous lower cercuits, SEBI should take action on these type of promotors and lead managers. We should also take note of this loot koot by any future IPO by this same lead manager.