Inventure Growth & Securities Ltd IPO Message Board (Page 8)

retail subscription more than 15 times and gmp 10 plus

Activity in GM here is increasing. GMP is 8-9 here.
Applying 2 full.

HNI SUBCRIPTION
MORE THAN 13 TIMES ?
PREMIUM Rs.8 To 12 ?
IS IT TRUE ?

upto 12 pm
qib - 0.20
nii - 2.39
rii - 2.14
total 1.20

retail may be 10 times at the end of the day.

What is GMP of Inventure ? I would like to avoid . Looking for L & T.

Is there more activity seen ?

Dear members,
Apply of IPO taking in to consideration failed in the following issues,
PFS -good fundamentals-Failure
Future venture -good fundamentals-failure
innoventive -good fundamentals-failure
like this MOIL,PSB and Muthoot not met the investor estimates.

But every body negative on the,

FCL,SUDHAR,ACROPETAL,AANJANEYA,SANGVI,TIMBOR,VMS,RUSHIL,BIRLA PACIFIC,RMS
But these have given good returns to those applied and made shortsell on crossing of issue price (twice benefited).
But nobody feeling shy in failure in identifying the trend of the marketmood in these IPO and moreover supporting their stance by covering with non related issues.
In view of the above I am asking these guys are they ready to short sell the issue if they feel it is overpriced.but the big answer is 'stay away '.This is not a proper answer,If they feel applying will make loses then why they have no courage to short sell to make money easily.
These comments will not only destroy their future but also of some people those depends them.
Thanking you
Once again I request,please suggest and do,do,do must short sell on listing day.Other wise please dont suggest anything.

miss from my side

we will get 300 shares only, on 2lk, subscribe sure .limited risk, gmp9

'Avoid' Inventure Growth IPO: Hem Securities

MUMBAI: Hem Securities has advised investors to 'Avoid' initial public offering of brokerage firm Inventure Growth and Securities .

"The Company is bringing the issue at price band of Rs 100-117 at P/E multiple of 34-40 at post issue EPS of Rs 2.96 on FY11 PAT. Stiff competition, inconsistent financial performance and high P/E multiple makes the issue unattractive at present level. Hence we recommend investors to "Avoid" the issue.

The company has entered the capital market to raise between Rs 70-82 crore by issuing shares in the price band of Rs 100-177 per share. It plans to use the proceeds for investment in NBFC subsidiary and augment long term working capital requirements.

Dear Friends,

My opinion will be...
Go for L & T in full force and just give less or no importance to this IPO....

FINAL GMP is Rs. 2850/- Withour Commission for 2 Lacs..

THIS ISSUE NOT GOOD SO PLEASE NOT INVEST IN THIS ISSUE
SO OPEN APPLICATION NOT KEEP.

APPLIANTS BEWARE:

UNJUSTIFIABLE VALUATIONS IN A FALLING MARKET FOR BROKERAGES.

BIGGER,BETTER LISTED BROKERAGE COMPANIES AVAILABLE CHEAPER.

THEN WHY LOSE MONEY IN INVENTURE AT ALL??


MUMBAI: At a time when the domestic broking industry is looking at downsizing in terms of operations and personnel, Inventure Growth & Securities' decision to enter the market has evoked mixed reactions on Street.

The company, whose issue opens for subscription on July 20, has priced its initial share sale aggressively at 100-117. It is looking to raise nearly 70-80 crore through an offer of 70 lakh shares of 10 each. The company's decision to go ahead with its share sale in the backdrop of several large broking firms not only shutting their institutional businesses but also letting off a large number of employees has called for a lot of comment from industry experts.

A month ago, Alchemy Shares and Stock Brokers closed its institutional broking arm as declining revenues and stiff competition made the business unviable. Indiabulls Secs, Angel and Tower Capital are among other broking firms that have cut jobs in their institutional or retail broking businesses over the past few months.

"Very clearly, the modus operandi is to bring an IPO at absurd valuations, use 'friendly intermediaries' to have the issue subscribed and leave the dumb retail investor holding the baby," said Arun Kejriwal of KRIS. The company is not only priced aggressively, it has a P/E of 39.52 at the upper price band and a P/E of 33.78 at the lower band on a fully-diluted basis and based on March 2011 consolidated numbers, he said.

In comparison, broking firms like Motilal Oswal have a PE of 10.53, Edelweiss Securities of 10.76 and India Infoline of 11.85. However, Inventure's CMD Nagji K Rita is confident that his company will raise capital successfully. "Market conditions are average. Also, we have full confidence in our business model which is franchise based and our very large and loyal client base," he told ET. I-bankers saythat valuation and pricing are crucial

first day first show is encouraging.issue seems to be over scribed by more thsn 7-8 times

very high priced share, see the fate of microsac finance

please say me to igsl ipo gmp price fro llakh application

Inventure IPo give Premium of Rs.20 to Rs.25/-

kostak 2400-2500 for 2lac

SK Dash,
Bhartiya - Didn't apply
Inventure - Will decide on last day
L&T - Will apply

is ipo mein bhi grey market movement chalu hai.