JG Chemicals Limited IPO Message Board (Page 8)

​@Anuwak  You rightly pointed out the fiasco with Andhra cement which is still fresh in mind . This also bring mining company into cyclical business the movement can be risky .

If I get at 215 or below then will try else leave it as risk to award has to be kept in mind in this unpredictable market .
This is my personal views only

Its in Coal and renewable energy so going ahead, the cyclical nature coupled with govt regulations does not necessarily ensure stock price appreciation much further based on fundamentals Current run is only due to euphoria as QoQ sales and profit growth is not visible. Further on OFS, despite the huge buy side depth visible today, still the stock is trading lower. It is very possible the stock actually comes near the floor price or lower than it given the current market sentiment by the time OFS finishes and give a small sharp upmove after that.

Personally though, i will not be participating in this OFS currently.

Hope it helps !!

Price * Number of shares= Market cap

Market Cap = Upper Price Band * Share holding post issue