55.1. Faizan| Link| Bookmark|
January 12, 2021 10:59:43 AM
Top Contributor (200+ Posts, 200+ Likes)
Markets currently in steroids mode. Nothing, not even global cues are able to bring them down. But I think market may correct 8-10% after budget. If it happens, BugerKing being a high beta stock, may correct 12-15% more during this correction. Disclaimer- This is just my personal opinion and I could be wrong as well.
Hello friends. Tata Technologies, Chennai SK, Religare Health, and Hero Fin Corp shares trade in pre-IPO market. Can we expect these IPOs in one or two years?
Tata technology is a subsidiary of Tata Motors. tata sons will file DRHP and launch their IPO only when tata motors price stabilise near 300-350 range in market.
Default Inv thanks for reply. I don''t buy pre IPO shares. My question is if a share is in pre IPO market, can we expect that there is 60 or 80% possibility that IPO will come within one or two years ?
Ganesh Sir, I have a question say you purchase 50 quantity of HDB Financial Services in Pre-IPO Market say 900/- (Per Share) and you have purchased 100 shares. I assume the FV will be shown as 1/- DEMAT. So in case Company is coming in IPO with price band of 520 - 530/- (approx), then what will be your valuation (Assuming we have Invested 90K) Also in between in Pre-IPO market if the FV is changed what will happen to our investment ? (I guess during IPO the FV is 10/-) and how it works. Kindly enlighten.
I will suggest not to buy unlisted shares . Uti amc shares were traded around 800-900 in unlisted market but it got listed at 500. Now a days, it is wandering around ipo issue price
If unlisted shares of an Company are available for trade in market, does not mean that IPO is coming ...
Unlisted shares of good company start moving as and when overall share market start performing as they got their valuation from listed peer stocks (minus discount for liquidity issue) or there is any news in the market...like share of nazara technology started moving on IPO news ...(650 to 950) after one news article about expected IPO.
Well .... I invest in shares of good unlisted companies or where chances of IPO is there in near future....like I am having shares of HDB... Hero fin corp...Tata Technology....and reliance retail....
Earlier I purchased CSB bank....and still holding the same...
I guess Asian paints shares should grow more after very good GMP of indico paints. We can expect Asian paints to cross 3000 (may even cross 3300 ) in near future
45.1. P Patel| Link| Bookmark|
January 11, 2021 5:35:50 PM
IPO Mentor (900+ Posts, 900+ Likes)
Sure, can be possible as Asian Paint is leader in industry. The reason for higher GMP is due to very much high growth rate in terms of Revenue and Net profit in Indigo against other peers.
Almost every paint company is giving return of 20-35% every year and known multibaggers. Asian paints 25%, Berger35%, Nerolac 25%. And this new IPO Indigo paints also growing at much faster rate than others in the block. And that''s why the demand and grey market price action.
45.3. P Patel| Link| Bookmark|
January 11, 2021 7:25:14 PM
IPO Mentor (900+ Posts, 900+ Likes)
Net Profit of Indigo Paints is increasing almost 100% every year which is not in case of its peers. Also this year even there is pandemic, FY21 H1 results is not much impacted. Again demand in Realty sector is increasing, this will help to Paint sector. Considering all this factors I am bullish in near to mid term. For longer term, will observe results of next few quarters.
Yes, Allotment in retail category will be 1:11. There are 2.33 lakhs forms available for retailers. Around 25 Lakh form will be submitted after technical rejection.
So, everybody will not get the allotment. Buying from market on listing day may be a risky because it may list with heavy premium.
In frustration, people will buy other paints share.
We have seen similar pattern in BurgerKing IPO. Demand for Jubilant food was higher on BK listing day
Budget day listing may seen high volatility till closing !!!!
42.2. Paymzia| Link| Bookmark|
January 10, 2021 9:23:21 AM
IPO Guru (2400+ Posts, 4400+ Likes)
Budget day listing , before budget start selling is best. Huge up and downs there . Hope budget will be favourable to market
42.3. Faizan| Link| Bookmark|
January 10, 2021 1:11:30 PM
Top Contributor (200+ Posts, 200+ Likes)
Not sure it will be budget day listing. I think listing date should be 2-Feb, as T+6 falls on 2-Feb (being 26th Jan holiday). But yes sometimes if process ends early, share can be listed on T+5. Eg. Bectors Food.
Can there be a nexus between ipo financial websites, brokers, analysts or any stake holder for getting much more than an ipo deserves. Be careful if yes.
Priceband announcement is on 15 January. Let''s see how much Indigo Paints Management and lead managers fixed the price of this IPO. In this discussion page, prices between 1350 to 1500 was suggested by different boarders. Grey market front is also heating up. Fingers crossed.
@ Santosh Pareek. Nice positive sentiments. Wish you remain positive and happy on listing day @ Eagleeye issue price of Rs 1500. Sold 71 Antony @ 462 on listing day. Wish success to that ESG company also.