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watch out this co as i have received a letter to change the object clause of the co...target could be above 200...
yes.. but listing day gambling is a major thing every one looks at it....
Dear adaljaarun,
Whether it is govt or private, retailers should avoid the over valued offers instead of hoping to sell on listing and to make a fast buck.
What actually happening is the reverse. The HNIs and corporates manipulate and sell them on listing to retailers. The sole reason is that the retailers are forgetting about valuation and growth prospects.
Never ever forget the words of Ben Graham. When the market offers to sell at an abnormally higher price, dont hesitate to say "NO".
Regards
Nadhi ...
even goverment is doing overpricing of ipo such as nhpc and in future goverment does the same thing for disinvestment ipos or fpo then there will no oversubscription and no listing gai retalers must boycott overpriced ipos to teach them lesson....
sebi should valuate the valuations whether it is fair or not... in the interests of all investors... why only investors, should be looking at.. in the interests of a healthy stock market..and economy they should object.. and should not object after every one burnt their fingers and lose their shirts.....
Dear Nadhi,
True, greediness is like that.... we cannot help... one should control greediness and should not look for listing gains...
regards
t23...
Dear Nadhi,
True, greediness is like that.... we cannot help... one should control greediness and should not look for listing gains...
regards
t23...
Dear tara,
There are some short comings with SEBI. I accept. But I am unable to understand as to why we buy either knowing it as over valued or not knowing about value at all. It is due to either greedyness or ignorance/innocence. Unfortunately market never forgives both.
Regards
Nadhi...
Dear novice,
Agree with you. To the ones who subscribe for IPOs, gullible are negligible. Gamblers are in plenty.
I read a message that the IPO issue pricing should be as such that the retailers should have some benefit by selling on listing. That is in other words an almost guaranteed return on listing. LOL. The boarder neglected to think about the response in that case and the possibilty of drawing of lots for allotment.
About 15-20 years before I have seen my friends getting their amount returned than shares getting allotted. Of course when the IPos were issued on face value.
Regards
Nadhi...
Why should SEBI object??? Company officials put enough money in their pocket for keeping their mouth shut... Regarding small investors, even after so many disasters in the IPO market for the last few years, they don`t have any lessons learnt, then it is better that they lose their money......
phoenix international belongs to indus gas gropu with 6000 cr market cap in uk market...with oil fields near cairn energy and indus basin....now that the object clause of phoenix int has changed things will change for this co....cmp of 17 could go to above 300 if if gets something from the group co......
Many a time investors get carried away by the greed of making quick buck on the listing day and end up overlooking the higher price.
It is up to the investor to decide whether to apply or not.
As long as the greed exists, exploitation also exists..retail lot have to blame nobody except themselves when it comes to applying for high priced IPOs.
IPOs were real attraction in the days when they were offered at par during the time of CCI( controller of capital issues).
Once the norms got relaxed ( with the advent of SEBI and new capital market regulations came in to existence in early 90s)and companies were allowed to charge premium, they lost the charm and savvy investors since then have been keeping themselves away from IPOs as they always find better options in secondary markets.
Now its only the gullible ones and gamblers who get carried away by IPOs....
but it will be difficult... in the price discovery.. vested interests play havoc with small investors......
tara23 One solution can b no price band.Let investors themselves write price in d form that they wl buy at this price and co then allot to those who have quoter high price.It wl also stop grey market....
