RITES Limited IPO Message Board (Page 30)

GMP will be good as it's a small issue, apply and if allotted, sell on 9th. day after listing, personally, 1 account, will do the same...

what is th elogic in sellling on 9th day? can you please explain?

Returns? Excuse me..but the onus is now on the investors to return the favours these promoters have done to them all... Remember those countless millions of schemes they launched, thousnads of promises they fulfilled
..What more can anyone ask for? ..2019 is nearing and so is the moment to pay them off....

with price band 180-185 and with discount of Rs 6 to retail, it is going to be hot cake... Grab it if you can....

@. amit K singh

Yes of course...but I fear the cake might prove to be too hot to handle for investors if they keep divesting the stake 500 times in a year...

Look at other hotter cakes like NMDC, NFL , EIL with great dividend yields and an amazing BHARAT story to ride on and yet the disasters they have been for the investors for reasons known to all but the ignorant...

@Anarchist,

divestment 500 times or 500% ?? Seems wrong

correct pls

'Times'.......Not literally...It just means too many times....

Yes amit k singh..... it will be hot cake, and will remain hot forever and you will never ever be able to eat such a hot cake.....

It's basically a PSU operating on govt. funds, so keep all financial equations out of the window... PE? what? Get matured... it's a 10 days play after listing due to small issue size, exit or get burnt... my analysis...

Comment expected from Mr. @Anarchist as all learned people have left (no love, no prejudice, etc...)

@ ???????????????? Helios Online ???????????????? Atheist ????????????????

P/E, P/BV, Debt Free status all become futile when the promoters have an overt history of acting against the interest of minority shareholders. We have been taught to learn about and respect the history because history has an incorrigible habit of repeating itself. NFL was sold and the gas prices were raised immediately after. Coal india has been made to wait for those modern washeries that can quadruple it's profits,for millennial. NMDC, EIL have been killed by constant OFS. GIC, NIA are are not even laugh worthy anymore.

Biggest of the empires have been known to collapse because of unworthy rulers who didn't have the slightest idea of what they were doing or talking about. And believe me, the current situation is no different.

Here in this IPO, one might get some post listing profit due to low valuation (which such companies deserve) but any attempt to hold further would take them all to the cleaners.