35. Trueinfo| Link| Bookmark|
March 27, 2024 3:48:50 PM
IPO Guru (1800+ Posts, 1700+ Likes)
Very high subscription. Allotment chances low. Better to target other IPOs tomorrow.
35.1. Smile✍️| Link| Bookmark|
March 27, 2024 6:28:32 PM
IPO Guru (1500+ Posts, 800+ Likes)
Withdrawn my applications before ASBA closing assuming huge subscription, got refund. Looking at final figures thinking that my decision is right, let's see where to go from tomorrow's closing
@Parth P Just go to ICICI bank website, login/investment and insurance/online IPO..There you will need your demat details from angel accout, fill them up and you will be taken to ICICIDIRECT site where you can apply for an IPO of your choice..
This in short is how you can apply through ICICI banks website..if still not clear then just search for the process in online search..
Coming at extremely cheap valuations with good financials, so some listing gain is assured, but as per RHP, they will be using funds to shift to a new factory with same capacity (i.e. zero capacity addition). They're at 70-75% capacity currently, and when they relocate to new factory in mid FY'26, it will give the biz no upside. I'm certain the market will price in this lack of visibility on future growth on listing.
Apply for the IPO, but be wary of entering this counter on listing
@Pangaj Don't be like me Will apply, but not FF. Saving for couple of IPOs on 28th (Trust & Aspire - the company names, and the mentality needed to make money in SME IPOs)
@Pangaj Don't be like me Max listing gain will likely be Trust Fintech, followed by Naman; both will be heavily subscribed, but you can play safe with these
Thanks @rohiitian . Applied in Naman. will apply Trust Fintech tomorrow
21.8. rohiitian| Link| Bookmark|
April 2, 2024 11:58:47 AM
IPO Mentor (800+ Posts, 500+ Likes)
This is most likely the reason for the LC - lack of visibility on long term revenue & market immediately trying to price it in. Hope people exited successfully.
20. Modi Adani| Link| Bookmark|
March 26, 2024 2:26:37 PM
Top Contributor (400+ Posts, 100+ Likes)
Naman In-Store ka short form NIPL kaise hua? (Icon me likha h) ( gandi soch, aap jo soch rhe ho uska spelling alag hota h :) )
Final Verdict - This is heavily over subscribed in Retail and I cannot go with FF here due to other IPOs closing tomorrow, so not going to block partial funds here with lower chances of allotment.
But company is good, it will also give good listing gains, so if someone has bandwidth, can plan to block some funds here. Thank you!