The Cost of Existing shareholders who are offloading their investment is Rs 127 per share and they invested in the Company in 2007. What on earth cannot give you an iota of profit in 14 years but they are exiting at a loss and as they are done now !!!!. You don''t need to be the Oracle of Omaha (Warren B) to understand this. The company is a hard nut when it comes to profit and it will be difficult to do so in the coming years. Just replacing the monkey (read angle investors) on your shoulder with a different monkey (Public) is not going to help.
44.1. Ou Ai| Link| Bookmark|
December 8, 2021 12:38:04 PM
Top Contributor (300+ Posts, 300+ Likes)
In several previous issues it was alleged that funds were allotted shares in pre IPO few months before at less than half of IPO issue price. Public , RII & NII were questioned such profiteering, ethics and were suspicious of listing price! In Shriram Properties IPO , 4 funds Walton Street, TPG, Starwood , Tata Capital that were allotted in 2007 at a price ranging from 127-177 are exiting at IPO price 113-118 at a loss after 14 years. So, what is good for an investor ? Former or latter?
44.2. Ou Ai| Link| Bookmark|
December 8, 2021 12:57:51 PM
Top Contributor (300+ Posts, 300+ Likes)
Please read as, "Public , RII & NII questioned ..."
What comes to my mind is 2007 is peak of Real estate market and even DLF is trading at 2 Lakh cr valuation and that time everybody tend to invest in Real estate finally ended up in Losses.
Note: DLF is trading at less 50% of their Peak high
43. KING VINOD| Link| Bookmark|
December 8, 2021 12:17:07 PM
IPO Guru (2400+ Posts, 5300+ Likes)
Shriram Properties IPO GMP 16 / 18 @ 1pm 08/Dec
42. Crow| Link| Bookmark|
December 8, 2021 11:15:45 AM
IPO Mentor (700+ Posts, 900+ Likes)
2 Avoid ratings out of 3 already. Kya baat hai! First time I am seeing this in my 10-year investing career.
37.1. K.Atar| Link| Bookmark|
December 7, 2021 8:36:28 PM
IPO Guru (1000+ Posts, 700+ Likes)
Anchor Book is written Sundaram MF all over, not much diversification in allocation of Shares to other MF houses, may be no one was interested in it or Sundaram MF was eager enough. Both are south India based and have no plans to enter in north india belt.
This shows that there is not much enthusiasm as of now for Shriram Prop. (considering many good IPOs are scheduled in this month). Everyone would be aiming for best place to invest. May be as the day approaches it will improve.. Overall we have started seeing some recovery period in housing/construction sector.
Only ~11% of anchor goes into sundaram MFs basket.
Rest into other 22 anchors From these Most of anchor shares allotted to Nomura, NIPPON, SBI life, HDFC . Anchor is not at all impressive. But I don''t agree with you about sundaram mf point you had, before check % allocation.
My priority for listing gain 1 mapmyindia/ ceinfo 2 medplus 3 data patterns And if fund allow and Corona situation stable then rate gain can be consider
owls eye brother what''s your suggestions this ipo can be applicable?
28. R R Patel| Link| Bookmark|
December 6, 2021 9:01:12 AM
IPO Mentor (800+ Posts, 3400+ Likes)
Real Estate n housing sector growing good but company posting cont. losses. Retail portion is 10% so approx 40.5 K lots are available for allotment in retail category so tough chances of allotment. Less grey activity as GMP is only around 15-20% and other good IPOs also in line so I’m going to skip this IPO.
U r right, but market sentiments are mixed. So 2-3 application may apply for listing gain, becoz small size, issue price also small, profit after tax as per money control is positive. So may apply.
28.2. R R Patel| Link| Bookmark|
December 20, 2021 10:23:55 AM
IPO Mentor (800+ Posts, 3400+ Likes)
Avoid this was right decision. You have to be choosy while applying IPO based on fundamentals, pricing, financials, growth, demand, promotors, sector, market sentiment etc. Sometimes it''s better not to lose than to make no profit so applying every IPO is a foolishness. Mistakes happens but we have to learn from that take experience to minimise the mistakes n losses.