Comparing with Shree OFSM - this has better ratios, margin and more importantly margin growth ... plus expansion in other countries. Shree OFSM is at PE of 30 .. indicating that WTI can easily reach double the offering price ~300 (to note is huge IPO price selling pressure if gets absorbed by good QIB (FII) demand). Further, work from office is returning back - so that should aid the growth
GMP should rise till Monday too.. expecting a good listing..
PS: Allotted one lot and planning to hold (target 290-300)
@life time student I am not a competent person regarding your query. Till now I have not got any SME IPO. Whenever I get anyone SME IPO allotment, I will sell on listing day. That's all. Simply take profit and let it go.
224. antarix| Link| Bookmark|
February 17, 2024 2:17:24 PM
IPO Guru (1000+ Posts, 700+ Likes)
Oops! Posted earlier that I was allotted 0/2 lots. However, I had applied from 3 accounts and I forgot to check the third one. Today I realised that I got allotment from this 3rd account. So, again checked the company fundamentals and I think that this one can be held for some time. Generally I sell on the listing day but for IREDA and BLS E Services, I am still keeping them after some partial exit.
I think WTI too can be given some time looking at the strong fundamentals and also at the QIB participation.
DISCOUNT MEIN TO OPEN NAHI HOGA AISA LAGTA HAI ABHI K CIRCUMSTANCES K MUTABIK. ONLY CAN OPEN IN DISCOUNT IF ANY REALLY VERY BAD NEWS COMES IN PRIMARY MARKET, OTHERWISE GOOD. ALSO ISKA MARKET MAKER BAHUT TAGDA HAI, WOH HIGH PRICE PE HI OPEN KARAYEGA, DON'T WORRY.
@M K Singh Bhai aap jaha ipo application submit dhikhtha h waha pr jayo ek option hotha limi waha click waha amount show ho release amount ise click krti ho jayega aur nhi aa raha toh woh already processed ho chukha h
@MVP I think size of the issue is the reason. Usually SME's are 30-40Cr issue, this one was double the average size leading to above average allotment.