19.1. lokes| Link| Bookmark|
November 7, 2023 1:05:35 PM
IPO Guru (4300+ Posts, 5100+ Likes)
Better to sell and apply here if possible. I am not applying. Issue size is bigger without QIB and Market Maker nikunj doesn't support share price in preopen and sells generally in preopen, latest financials are not good, post promoter holding is also less, sector is good but competitive.
19.2. lokes| Link| Bookmark|
November 10, 2023 1:30:41 PM
IPO Guru (4300+ Posts, 5100+ Likes)
Financial figures of the company for 21, 22 and 23 seems to be very different compared to first 3 months of current f y. This f y is not likely to go in lines with previous 3 years. In terms of revenue and PAT. Equity holding by promoters is less than 50% at about 46.5%. Mr. D D has given clear avoid call. I know his call sometimes is controversial and not abide by investors. Retail investors seems to be very confident looking into the subscription figures. Better to keep away for members. Still members with high risk appetite will subscribe to this issue. Some members are already against subscribing. I am also of the opinion AVOID. So, AVOID for me.
@arvindarvind , open Jane ke liye to dono hi risky hai. Micropro me grey deals available hai, if you have grey market access then sell and apply to mitigate the risk.
8. G profit| Link| Bookmark|
November 1, 2023 6:10:04 PM
IPO Mentor (1000+ Posts, 200+ Likes)
Myself skipping this ipo. Not convinced with company financials. LM has managed only one ipo till date - Shoora designs before two months, which listed at 90% premium and now trading at ipo price. Avoiding these type of companies and LM combination.
I will apply , sell or open that will decide after 2nd day subscription... Sector is interesting let's see how it reacts... No much intrest in SMEs as many mainboard IPOs are there