The way the IPO was structured 75% with QIB & anchor investors plus TVS names ensured a positive listing . I see comments that profits are not that great on this one. It surprises me a lot about expectations individuals carry . Most SHNI got confirm allotment with several UPI being dishonored. They have making making profit of 10640 , on an investment of 2.09 lakhs, that is 5% return for 9 days. I think its respectable return. Congratulation to all those who invested & made money against all odds, noise about expensive valuations, low subscriptions in this IPO.
They way the stock was operating today in very tight band with exchange of hands in good quantities. I wont be surprised to see a small rally in this one in next few days. Expensive stock becomes further more expensive. That's market. Happy Investing. cheers
Maybe, investors who are used to getting 40-50% returns in 9 days see this is a low profit. From making upwards of a lakh per allotment to making 10K is peanuts for them.
I am a retail investor & happy with any profits. Some profit is better than incurring a loss.
Many new comers enter in the market to increase thare money but very guru cheaters are a available at no cost for there free recommendations and innocent public got caught up , sir in share market nothing is long term investment, pl save your hard money and believe only true advisors which are rarely available 😀 👍
Good luck to all allottees, and to those who would want to make an entry. Sab ka bhala, sab ka vikas. Current price 197. Should be positive in some time.