I would avoid this IPO. Management''s integrity is very important (I would say most important) in any business. I will not put my hard earned money in such a company whose management was involved in criminal activities.
Saalo pehle khadim kaa ipo aayaa thaaa 1 rupee ko aaj taak 30 paise kaar gayaa . Same kahani same issue. I have visited metro showrooms many times most of the customers are there for window shopping. As they charge whopping rates for there products. Stay away from these issues money eating ipos.
At 115 pe instead of buying metro, intiate some buy in bata.....else ignore bata also, wanna buy high pe stock, then dmart, irctc, hul, Asian paints, Britannia are there.....why to buy metro shoes who promoter track record is of criminals......aviod this stock, my personal view....
52. krupa| Link| Bookmark|
December 10, 2021 11:21:29 AM
(800+ Posts, 500+ Likes)
Ananarati Ratgain Metro All above 3 ipo''s gmp is same almost Excited to see preopen price of all 3
50.5. arunARUN| Link| Bookmark|
December 8, 2021 7:05:57 PM
IPO Guru (1900+ Posts, 1600+ Likes)
Let us run a small survey on this platform. I purchase from ecommerce but have never purchased shoes but purchased innerwear Let us see how many people purchase at online for shoes before writing generic comments that this is way of future I see online prices to negotiate with shopkeepers
If we reject mandate then will it be alloted or no. and my application status is showing success but I have rejected the mandate then how it is showing sucess this I am talking about rategain
@arunARUN - Show what? Two decades ago, Rafique Malik was arrested for creating fictitious associations and misusing concessional funds given to poor cobblers. A scam worth 1000 crore (a huge sum at that time). The case is still under sub judice, so media is not supposed to report on it. A big red flag on management''s credibility, so I''m going to skip this.
@arunARUN if you are going to apply or avoid it, can you please share your reason?
you write a counter reply to others'' comments, but you never share your reasons for you applying or avoiding.
45.4. arunARUN| Link| Bookmark|
December 8, 2021 7:03:28 PM
IPO Guru (1900+ Posts, 1600+ Likes)
I given my comment mostly on last day for applying or skipping. What i like about Metro is small dilution, multiple brands under belt, low assets , Involvement of show room managers in profit etc. However applying is understand what is the mood of the market vis a vis price. Last day subscription gives good hint. I had said apply for Gland and Craftsman on day 1 as i felt that a contra bet is going to work
Thanks Arun for replying, I also apply on the last day only after QIB numbers, mostly after 4 PM retail UPI apps if i dont want to apply for HNI application. for me its challenging some time to decide apply or not if asking PE at higher side.
But if you could write pros and cons about the company in advance, it would help for us. Thanks
For most investors like me, corporate ethics are the top priority for the long-term business operation for that I will not compromise for short-term listing profit. Given the promoter''s poor credibility as per the discussion in this group, I have taken a decision to avoid it.
At the upper price band, the weighted average cost of acquisition during last year is 1.30 times (383.96 rupees). how the valuation is high? could you or any other member educate me on this aspect?