My comments weren’t targeted at you sir, please don’t take it personally. I apologize if they came across that way. I wanted to merely highlight the risks in the several names being discussed here.
This isn’t true, please look at charts of Mrs Bector, Burger King and so many others. Whoever applied for these IPOs had they not sold right on listing would have lost money just within days of IPO listing.
Having been a student of markets (and still learning) I can even comment that this isn’t true either. Markets are a game of behavioral finance and probability. No stock will earn you more than the growth in the underlying business. Short term investing based on speculation and for ‘listing gains’ is mere gambling in my personal opinion and I have seen many lost their entire capital following this path.
Indian gaming market is dominated by korean and chinese firms. Nazara is a diversified gaming company that makes money by showcasing ads on their gaming apps. They tried growing by buying vertical businesses in various markets around the globe but even those are tiny compared to their peers. Nazara is a great private business but a very bad public one.
And in India, everyone used to play PUBG (before it got banned) and now FreeFire (owned by a south korean firm). Nazara games include Chota Bheem Speed Racing and a very bad version of various cricket apps which in my humble opinion are used to engage toddlers and small children and then uninstalled subsequently.
The whole point of my post was to highlight the cons in these IPOs, they are engineered to fleece your hard earned savings and while the music is playing now, just like in the game of musical chairs it will certainly stop without announcing and many here would be left holding the bag of losses which they probably never recover back.
Again, nothing directed at you, just highlighting all the risks which many in this thread have forgotten about.
