Inventure Growth & Securities Ltd IPO Message Board (Page 4)

NII subscription is not a criteria to apply in third class issue like inventure as most of the people here apply after seeing high NII subscription. Even experienced members are commiting the same mistakes.

I think I will relax for a time.Just got out without loss which is enough for me

Sold at 118 in early trade.Now not yet inititated another trade.

I DO NOT THINK IT WILL SUSTAIN UPPER LEVEL THATS WHY IAM SELLING MY SHARES AT CMP116, ( DUE TO BROADBAND PROBLEM MY TERMINAL DID NOT START EARLIOR OTHERWISE I SELL MY SHARES AROUND 107 LEVELES)
I ALWAY BELIEVE THAT IF ISSUE BREAK ITS IPO PRICE SELL IT IMMEDETLY,THIS STERTAGEY HAS WORKED LOT OF TIME FOR ME
LETS SEE WHAT HAPPEN WITH THIS ISSUE

strong up support. will move up after killing shorters. i do killed at 111 and covered at 115 after hitting stop loss at 117

when inventure issue opens

GMP was 8 to 9 rs.

when issue closed

GMP was 6 to 7 RS.

when issue listing date announced

GMP was 4 to 5 RS.

Before listing +3 -3

SO WHAT IS THE USE OF GMP

i already said grey marker is junk now
This is tool to make fool to retail investor

very bad listing as gmp.......
grey market works hereeeeeeeee

STOP LOSS TRIGERRED VERY BAD ADVICE
THANKS FOR THOSE WHO DID NOT APPLY

Bad listing. Opening 1% up

Company Name
Offer Price
(Rs.)
Premium
(Rs.)
Kostak
(Rs. 1 Lac
Application)
Kostak
(Rs. 2 Lac
Application)

Vaswani Ind.
49
1.50 to 2
--
--

Inventure Growth
117
+ / - 3 to 5
---
--

L & T Finance
52
1.75 to 2
--
--

IIFL Bond
1000
4 to 4.50
1600
(Without
Commission)
3200
(Without
Commission)
8000
(Without
Commission)

Sunil Matkar
Moneycontrol.com
Mumbai based broking firm Inventure Growth and Securities will be listing its equity shares on the exchanges on Thursday, August 4. The company had managed to get good subscription and the issue price is set at the higher end of price band of Rs 100-117 a share.
However, experts are not too happy with the issue and feel it should have been way below the issue price. Infact, Investment Advisor, SP Tulsian thinks that it is not worth more than 25% of issue price, which comes to around Rs 29 a share.
Rajesh Tambe, Research Patner at Suresh Rathi Securities also feels that the listing price may not be more than Rs 50. According to Tambe, selling pressure will be seen in this share.
Experts reason that weak market conditions, available at high price to earnings ratio compared to listed players have weakened interest in Inventure Growth. There is also a concern since some broking houses are seen shuting businesses.
IPO analyst Arun Kejriwal said, "The income from operations for the company has dropped significantly and the present broking scenario is not very conducive. There has been substantial downsizing in a large number of brokerage houses and there have been some of these which have shut shop completely in recent times. Cash market turnover on the NSE has dropped below the Rs 10,000 crore mark on a daily basis which till a year ago used to average over Rs 15,000 cr on a daily basis. This drop is significant and is a cause of worry going forward."
Inventure had reported income from operations at Rs 31.16 crore in FY11 - lower as compared to Rs 39.26 crore in the previous year. Even the net profit declined nearly 58% to Rs 6.19 crore.
Peer comparison
For the comparision, Motilal Oswal Financial Services ' FY11 net profit went down 21.4% to Rs 137 crore and net profit of Geojit BNP fell 34.4% to Rs 31.45 crore as compared to FY10.
Even on the market cap basis, Emkay Global enjoys market cap of Rs 105 crore at current price while the FY11 sales of the company stood at Rs 131.72 crore. Motilal Oswal has market cap of Rs 1409 crore whereas sales turnover of Rs 589.85 crore.
Geojit BNP enjoys market cap of Rs 485.27 crore while the sales turnover was Rs 257.29 crore. Inventure has asked for market cap of Rs 245.70 crore i.e. 8 times to FY11 sales turnover of Rs 31.16 crore.
sunil.matkar@network18online.com

No idea of real grey market price. Smart investment is showing +/- 3 to 5. Same thing was there in B-Global. Most of the people are bullish in the counter. Lets see-May be Chand Tak nehi to Sam Tak

Dear members,
Why pindrop silence so far,every issue is having its own surprises always.
I already put for trigger buy at Rs 125/- and trigger sell at Rs 112/-.in my AMO order to test my luck according to this theory.
Anybody put orders.

Friends-Whats yr expectation of the movement

Inventure Growth & Securities will rocking on listing day. Hold it with stop loss 100. Pure 'SATTA BASE SCRIP'

gmp atpar means 00??

Dear mla,
It is confirm date.

Sameer,
Be attentive.Keep stop loss at 114 & lets see where it goes.

5.50 to 6.50 latest premium

Most of Chittorgarh members have applied in Inventure though i missed due to no fund. Expect a Cheer tomorrow among the family.