17. AMIT IND| Link| Bookmark|
March 19, 2023 6:36:38 PM
Top Contributor (500+ Posts, 100+ Likes)
Total numbers of application subscribed till now is 23 and Hni portion is subscribed 1.13 times & even retail is subscribed by .07 times, this really needs study. At PE of 123 who all are interested on day one. Think before you leap.
12. Romy HNI| Link| Bookmark|
March 17, 2023 11:52:50 AM
IPO Mentor (500+ Posts, 400+ Likes)
We investors don't have unity..... If LM introduces any SME IPO with high valuations leaving nothing for the Retail.....No one, I repeat no one should apply.......
@Romy HNI, I think more than the unity aspect, itโs in us investors best interest to instead buy in secondary markets where many stocks are trading at very attractive valuations. Even some of the recent IPO listings of very good companies are now available at high discounts which are a better bet than currently available IPOs.
12.2. ipo share| Link| Bookmark|
March 17, 2023 12:43:47 PM
IPO Guru (1500+ Posts, 700+ Likes)
@Romy HNI Very well said. If investors completely avoid highly priced IPOs, promoters and LMs will be forced to mend their ways to leave something on the table for investors who deploy their hard earned money.
12.3. ipo share| Link| Bookmark|
March 17, 2023 1:01:28 PM
IPO Guru (1500+ Posts, 700+ Likes)
If you take example of Command Polymers, asking PE of 121 is completely unjustified. What is unique in this company to command such high PE? Just want to extract whatever money they can get. Who is worried about share price movement after listing? In 10 days, they want assured lottery amount. So easy for these greedy promoters & LM.
@Romy bhai, Is it possible the unity of investors as a whole? I don't think it is possible. Even we the members of CG, it is not possible. Now these days it is not possible to have unity in the family, exceptions will always be there. Many members of this forum believe in taking risk. When money is involved, it is individual decision. Many members write first avoid and at the last minute they apply and they write also. "United we stand, divided we fall" is only in the books.