Even though the company has been posting losses for past few years, it would have been a good buy since company has good growth prospects but at a reasonable price. Current price seems exorbitant so clear avoid from my side.
People did not learn. They will gamble and it will be oversubscribed, and may even give listing gain. Increasing rate will punish loss making/low profit generating companies badly. This not a situation 'buy when everyone is fearing".
45. P Patel| Link| Bookmark|
May 5, 2022 11:30:37 AM
IPO Mentor (900+ Posts, 900+ Likes)
@Chittorgarh Admin,
It would be great if you can provide details about post IPO total outstanding shares along with Market Cap on upper price band. This will help people to get about total valuation of company.
44. Ravu| Link| Bookmark|
May 5, 2022 11:04:16 AM
IPO Mentor (700+ Posts, 400+ Likes)
An average IPO, will wait for subscription figures. I think Venus and Prudent will be better choice.
Profit making company like Blue dart & TCI express market cap are well below Delhivery. Blue dart 300+ profit is having market cap of 16000 crores and Delhivery 35000 crore . Difficult for me to digest. Just not acceptable. Market is aslo in correcting mode. So not applying
41. Manup| Link| Bookmark|
May 4, 2022 8:32:06 PM
Top Contributor (400+ Posts, 200+ Likes)
Investors should teach a lesson to such greedy promoters & lead managers. AVOID AVOID
I will definitely buy this company's shares at PE of 20 i.e. at price of EPS x 20. If EPS is negative, I will buy at Rs 1/- per share. These people are fooling us and we are in deep sleep. Check at what price Promoters or Investors got the shares. pay them interest @ 9% Pa for holding period, that should be maximum prices of shares.
With different market conditions:) There was no geopolitical tension, no inflation, FII was pumping money during Zomato period. Stay cautious folks before applying in huge loss making companies at current time.