Droneacharya listed at a near 100% premium even in this market.

I didnt get it. Congratulations if anyone was extremely lucky.

Elin listed at a tiny discount and fell 5% after that.

Good decision to avoid 😌

Droneacharya did a series of upper circuits and is now up 180% from issue price 🤯

Mamaearth IPO might come in soon

Extremely overvalued

Can possibly become another PayTM or Cartrade (it can even become a Nykaa or Zomato (they listed at premiums))

Do not apply in FOMO

Once it launches, we’ll share a proper analysis

Anlon Technologies SME IPO closes today


GMP ~60% (good)

Subscription as always is crazy high

Issue size - 15 Crores

Company is engaged in providing engineering services to various sectors - majorly related to airports.

Profits and revenue have grown at a healthy pace over the past few years.

View - Good to apply, but chances of allotment are meh!

Sah Polymers IPO closes tomorrow

IPO size - 66 crores (a small IPO but not small enough to be an SME) (all fresh issue)

Revenue and profits are growing (though not very fast)

Subscriptions are decent but that is mostly because of the small size of the IPO

Grey Market Premium - ranging between 5-20% (large variation among various sources)

View - not a fantastic IPO, but those who are ok with risking upto 5% for a 10-15% listing premium, may look at it.
I will be applying but with lesser number of accounts.

Sah Polymers allotment is out

https://linkintime.co.in/MIPO/Ipoallotment.html

Does a surprisingly amazing listing 😵😵 (shockingly good tbh)

At a premium of 30%

Adani Enterprises’ FPO opens soon

This will be a tricky one

We’ll keep you posted with our analysis and updates

Just before the FPO opens, a hit job (or is it) on Adani Group by Hindenburg.

https://hindenburgresearch.com/adani/

The success of an IPO/FPO depends on 2 factors - demand and supply

If demand is greater than supply, it tends to be successful and vice versa

Sadly for Adani, the universe conspired to make both the factors go horribly wrong

The demand that would have been there has disappeared after the Hindenburg report.

And the supply is huge. It is a 20k crore FPO. The largest in history. Thereby making supply humongous.

Our view - Should one apply? - dont think there is a need to say it 🙊

QIBs and Big HNIs subscribed the IPO

News is that Adani got the big guys (Ambani etc) to subscribe to the FPO as a favor

He didnt let the FPO fail. Credit where it is due

It raises a question on the amount of due diligence that QIBs do before investing in an IPO/FPO. PayTM etc. was still fine because price discovery had not happeend and it was a bull market. But here the stock was trading at a discount to the FPO price and yet they subscribed to the FPO. Though most of the subscriptions were done as favours by friends which will be called later.