Ola electric IPO
What will be the NET debt level post they pay 800 cr from IPO procedding? Not able to find from interview / RHP.
Oblige for any help.
@dpatel are you tracking or invested in Yash Optics & Lenses? Looks to be the only listed company outside of GKB Optics that manufactures optical lenses. Historical operating margins look impressive plus they have an exclusive licence to sell Hoya lenses in India.
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@Apurva_Dubey - No I am not tracking or don’t have any positions in Yash Optics & Lenses. To me this space looks very crowded.
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Rs 3.2 Lkh crore blocked in bank accounts towards Bajaj finance IPO size of 6600 crore- looks scary !
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HDFC Bank approves IPO of HDB Financial Services
To the experts here, I am curious about who the buyers are that purchase shares at such high premiums in the grey market before an IPO, and who buys at such high premiums on the listing day. Additionally, can we trust the news articles reporting pre-listing Grey Market Premiums (GMP)? I can’t help but feel that this might be a form of market manipulation. I’d appreciate your insights.
People who got excited for an IPO, and have applied for it but did not get allotted buy on the listing day, not necessarily for fundamental reasons or owning the shares for longer periods, but due to the created hype, and want to get a piece of the action, FOMO included. These days, a lot of people know and talk about GMP, so my opinion is that, it has no weight, I could be wrong.
Manipulation is a loose word, it has no exact meaning, and is thrown around a lot, as it has become quite popular. I don’t know if it is a term used in law, in the context of markets. Manipulation or not, when everyone is so excited and pumped up, and is talking about an IPO, the price can see highs even after listing until the sellers take a decision. And, of course, occasionally there might come a business which can be looked at from a long term view, and can be participated in.
When people are talking about buying the parent company so that they can apply as shareholders in addition to applying in retail category, and if they can apply as HNI, via UPI, netbanking and what not, there sure is a frenzy. And this can go on until the excitement withers away and liquidity dries.
Not applied for any IPO recently, although the little excitement of applying for a newly listed business and getting allotted so as to ‘feel’ like an early bird does occur from time to time, despite knowing that it does not move the needle 
You can check this thread for some perspective.
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Most good SME IPOs are taken by trading firms like Mansi and Multiplier on listing and not even a single share is left for retail. The stock then goes into upper circuit for few days when they are dumped on retail. It then falls 30 to 40% after which slow accumulation starts.
In mainboard IPOs, most stocks are bought by retail and DII at listing. It depends upon the valuation and fundamentals of the company. Most companies list at high valuation and falls for few months after listing. Some companies list at low valuation and don’t fall. For example, I bought Senco Gold Ltd at listing due to low valuation.
I have noticed that GMPs are right 80% of the time. The listing of most companies happens within narrow range of GMP. If the GMP is 0, expect a negative listing.
Sometimes the GMP is manipulated to sail an IPO with weak fundamentals. Most IPOs in bull market are over subscribed anyways.
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Shiv Texchem Ltd is set to open its Initial Public Offering (IPO) from October 8, 2024, to October 10, 2024.
We recently had the opportunity to interview their leadership - Mr. Hemanshu Chokhani & Mr. Vikas Pavankumar - https://youtu.be/PQG9Lfhdvto
Does anyone have any views on Parmeshwar Metal Ltd. IPO?
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IPO_Market Update_January’2025.pdf (3.4 MB)
Axis Capital IPO Notes (FY 2020-21 Onwards)
Key Highlights:
- July 2020 to December 2024:
- Total IPOs: 267
- Performance:
- 199 IPOs listed above their issue price.
- 10 IPOs listed at their issue price.
- 59 IPOs initially listed below their issue price (28 of these recovered to close above the issue price by December 31, 2024).
- Listing Day Gains study for 5 years:
- Significant gains observed every year, with an average of 27%.
- Current gain is much higher – a remarkable 96%.
IPO investment in beneficial: e.g.
- FY 2020-21:
- Total IPOs: 31
- Average listing day gain: 34%.
- If you invested post-listing, your investment could have grown 2.5x by now.
Conclusion:
It was often advised to avoid IPOs, labelling them as costly and overpriced. However, the data paints a compelling picture—despite high listing gains, IPO investments have consistently delivered impressive returns.
Disc: I am retail investor working in my IT and service company and don’t run any RA etc and not a sebi registered. Passion to play with numbers.
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There is a frenzy with IPOs. People are applying with multiple accounts; even as HNIs, when they are not. They’re buying the parent company shares so that they can apply as shareholders. Looking for tips and tricks for allotment. And those who are not allotted are buying after listing. FOMO, TINA are doing their job.
And it appears, unlisted segment interest has also started.
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The data may be correct, but problem is it ignores the probability and quantum of allotment. How many IPOs an investor applies for, how much money remains locked up for this, what allotment he gets and how much money he eventually makes as a percentage of the total capital used for IPO investing - that is the calculation they need to make. Only then the conclusion will be useful.
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Any idea, why adv and loans to Govt increasing YoY from 1 cr to 11cr in three years?
I feel IPOs are overhyped. In any oversubscribed mainboard issue, you don’t get shares of more than ₹15000. So, how much profit can you earn on that? My wife has earned 42% profit on Smart Cowork shares. The profit in real terms? ₹6215!
So, a retail investor like you and me can create decent wealth only from secondary market.
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Any body following up on Groww IPO?
Disclaimer: Applied for the IPO
Some history weaved with high valuation IPO. Is lenskart going to see same fate as Paytm ?
A take on high valued IPO & big fund house giving SELL call just before its about to get listed.