Higher NII subscription level (Unlike what Lemon tree could witness) might reduce the level of comfort for the applicants of this issue priced close to 10x it's Book value.....
I suspect that most applicants have a sole intention of booking profits upon listing and they might not wait to do so....
159. Vnrao| Link| Bookmark|
July 20, 2018 4:50:20 PM
Top Contributor (300+ Posts, 100+ Likes)
With QIB 13 times and NII 5 times expect Premium listing 6 to 10%.
Good finisheres QIB and NII, TCNS ko under estimate karnevalo ne TCNS ki slow subscription run rate ko dekhkar match dekhna 60d diya or QIB-NII ki jodi ne subscribers ko jjita diya end me :) :)
No chance of negative listing at all.
cheers to subscribers !!
155. Aniketiaf| Link| Bookmark|
July 19, 2018 4:26:33 PM
IPO Guru (1800+ Posts, 10200+ Likes)
After reaching Qib subscription about 7 times... Feeling relaxed as I had applied through two of my accounts on first day itself. Still confident of 5-8% listing day Gain.
Aniketiaf sir, I have always blindly followed your primary & secondary market advice and get benefited almost all the times. But first time in TCNS I am totally confused. Almost every body r negative on this counter expect you and SPT. please give guidance.
155.5. Aniketiaf| Link| Bookmark|
July 20, 2018 2:40:50 PM
IPO Guru (1800+ Posts, 10200+ Likes)
Best wishes, In TCNS CLOTHING, I am not that much positive as you are thinking but also there is not any reason to become so much negative on it. Personally I think, TCNS may give listing day loss upto 500 in adverse condition but if things become better than listing gain should reach unexpected level. As risk/reward ratio is favourable for me (As gained handsome amount through IPO since last 11years) I have applied in this script also. Thanks.
Both QIB (13 times) and HNI (1.4 times) are oversubscribed. RII will remain undersubscribed. 80% chance that all retail applicants will be rewarded post listing
Booked substantial loss from indostar and exited completely at the start of this week. Still falling today. So I don't have the risk appetite for this one, especially when midcaps and smallcaps are at attractive valuations. All the best to all those who applied.
148. Splendid| Link| Bookmark|
July 20, 2018 3:15:52 PM
Top Contributor (300+ Posts, 100+ Likes)