Good lesson to the retailers.. Most of the experienced stock market professionals, brokers and mkt pandits advised to stay away from Ipo.. Greedy investors still applied and expected to make 5% through listing gains.. If it looses People speak abt long term.. My long term target for the company is 500/-
So called "smart money" invested in heavily in this IPO while Retail under-subscribed. So who is really smart then?
261.1. SJ| Link| Bookmark|
July 30, 2018 1:03:55 PM
IPO Guru (1300+ Posts, 3200+ Likes)
Smart Post :) Somebody posts in this forum that some HNIs withdrew at last moment. 7X subscription of QIBs in 2 days was just trap to attract retailers.Really Smart. One has to be cautious in LODHA IPO.
Where are QIB and NIIs who have bid more than 5 times? Are there any buyers? Retail investor have to learn. Subscription figures of QIB and NIIs doesn't always indicate that the stock will list at premium.
255.1. ManishDwiv| Link| Bookmark|
July 30, 2018 10:36:14 AM
Top Contributor (500+ Posts, 200+ Likes)
But that shows Stock is in demand and it wont go down much..Let it consolidate and then it will move above its issue price..Lets wait.
255.2. VIE| Link| Bookmark|
July 30, 2018 10:44:44 AM
(500+ Posts, 500+ Likes)
@manish Lets see.
254. VIE| Link| Bookmark|
July 30, 2018 10:07:19 AM
(500+ Posts, 500+ Likes)
I think now time had come for LM AND promoters to start thinking about the pricing of the IPO.They should price ipo conservatively so that something is left on table for retailers. Otherwise as retail portion remain unsubscribe in this ipo, it will become a phenomenon.
As long as there are buyers who are applying to each and every ipo without thinking, the promoters will keep looting the investors.There are very few good promoters who leave some gap for appreciation for investors. Investors to be wise enough not be be lured by GMPs.