I couldnt understand one thing. Why there is huge subscription from QIBs and NIIs for such an average IPO. Is Power mech in red just becaof bad market condition or its really over valued? If it is overvalued, are QIBs and NIIs not aware of that? Can someone explain. Anyways, thanks God I didnt apply, but feel sad for retail investors who got allotment and in loss due to this IPO. Wish your loss be covered in other IPOs or secondary market stocks. I understand very well how painful it will be if after applying and waiting for 10 days with much hope and it performs bad on even listing day.
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August 27, 2015 5:04:53 AM
IPO Guru (1200+ Posts, 700+ Likes)
Your may please see my views on the issue at S.No. 18 which is reproduced below: "18. PSR Aug 3, 2015 9:45:30 PM IST Reply KOTAK is involved in this issue. wherever KOTAk is involved, the returns for the investors are either negative or very marginal. This fact is to be considered while applying."
Was busy on official duty so in the morning session could not sell my 20 stocks. When came online the stock was already in red. Not much of a loss at present. Its a good stock hammered down by market sentiments. Not to worry. It will regain soon and will be in positive territory. Just hold on for a month or so.
For ur sake I hope it happens. If you closely at the books it has debtors issue of 250 cr. unpaid receivables. Most debtors r power company who have balances sheet issue. If you have watch today at tv18 Latha and Sonia grilled him abt this issue his answers was not satisfactory.
i was late on last day of application. new this opened in discount. very very good. it should be better if power mech had listed at 350/-. i feel very happy when other makes loss in ipo when i have not applied.