Not applied even a single application. Total avoid for me. Want to keep my record of non allotment in tact for SMEs till date. Wait for good SME to come. Not good figures of subscription which was expected. All for the best to all the Members.
Well observed by @Lokes "many avg. sme ipos are also giving listing gains and here new LM may try to list it positive for its sake" This is a plus point for apply in this issue for some listing gain
This IPO is finally showing some GMP @ 5%. Financials look okay to me, (difficult to understand in view of the capital restructuring for the IPO), still the PE mentioned in RHP is 5.46 as per latest earnings of year ending March, 22 which appears quite attractive. The recent IPO performance seems to be added advantage coupled with the urge of new LM to start off with a bang. Worth risk taking.
High risk taker can apply. Me not applying as the LM is new n can go either way.
41.4. ipo share| Link| Bookmark|
January 20, 2023 10:42:28 AM
IPO Guru (1500+ Posts, 700+ Likes)
@NewCricketr New LM and high valuations are dampeners. One positive is market maker Sunflower, who successfully handled RBM Infracon (very good return even afrr listing) and unexpectedly high subscription in Aristo. But thinking of avoiding it due very high risk involved, though it can surprise like other two smes mentioned above (RBM Infracon didn't have good financials either). Better to follow advise of very senior experts @lokes, @Noorul. DD Sir has also given Avoid recommendation. His recent recommendations have been very accurate.
40. SSingh| Link| Bookmark|
January 20, 2023 10:02:55 AM
IPO Guru (1400+ Posts, 800+ Likes)
No sauda happening in grey. LM has no experience in handling IPOs, so better avoid it.