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FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » Does it still worth to invest your money in IPOs?

Does it still worth to invest your money in IPOs?

5 posters

Go down  Message [Page 1 of 1]

UKboy

UKboy
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

Generally speaking........ day by day IPOs are getting less favorite with retailors but if we check the HIstory of IPOs you can see that IPOs will give mix results. Some IPOs took ages before give benefits to their investors.

DIAL - IPO price Rs 15 went up to Rs 28. & now Rs 10
LIOC - IPO price Rs 24 or 27 went up to Rs 55 & now Rs 18.
LGL- IPO price Rs 24 went down to Rs 22 before aggressively reached Rs 55 & now Rs 43.
SLTL- IPO Rs 14 prices didnt move for long time and now its Rs 56
SIRA - IPO price Rs 3.00 went down and stagnated for long before reach Rs 5+ level.
HDFC IPO price Rs 220 & went up immediately and then down to Rs 60 - 50 level and then stagnated around 100 for very loooong time. Finally now price has risen to Rs 1150..!!!!
UB- IPO price Rs 25 & went up immediately upto Rs 45 then came down to Rs 35
PCH- IPO price Rs 14 went down immediately and then went up to 28. Finally now around Rs 20.00

Personally I think it is better NOT focus on IPOs in large scale.

I know some of my friends sell off valuable Gems at CSE to find money for IPOs. When I ask why? They said that they know that X IPO will be oversubscribed Y times therefore to get maximum number of shares they are selling Gems.

This should not be happening I guess. What are your thoughts?



Last edited by UKboy on Sun Apr 24, 2011 10:55 pm; edited 1 time in total (Reason for editing : Changed the title)

xmart

xmart
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Well, frankly speaking, most of tickers are manipulated in CSE, so, generally I'm a IPO hunter at secondary market when it down to fair value. I did it for LGL, PAP and FLCH too. both LGL and PAP gave me amazing return. meanwhile, I saw great potential in PAP, so I heavily invested in PAP.

according to current trend, we can buy shares cheaper than IPO at secondary market.

chamith

chamith
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

DIAL - IPO price Rs 15 went up to Rs 28. & now Rs 10
LIOC - IPO price Rs 24 or 27 went up to Rs 55 & now Rs 18.
LGL- IPO price Rs 24 went down to Rs 22 before aggressively reached Rs 55 & now Rs 43.
SLTL- IPO Rs 14 prices didnt move for long time and now its Rs 56
SIRA - IPO price Rs 3.00 went down and stagnated for long before reach Rs 5+ level.
HDFC IPO price Rs 220 & went up immediately and then down to Rs 60 - 50 level and then stagnated around 100 for very loooong time. Finally now price has risen to Rs 1150..!!!!
UB- IPO price Rs 25 & went up immediately upto Rs 45 then came down to Rs 35
PCH- IPO price Rs 14 went down immediately and then went up to 28. Finally now around Rs 20.00


SFIN - IPO price 15 shoot up to 50 and came down to 40 -36 level.
VPEL - IPO 9RS and came down to 3RS with 3 for 1 bonus issue. Now again at 10 RS
ODEL - IPO price at 15 and now trading around 42-43

seyon


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

We can not expect the huge return which we gained from ODEL, SFIN, HPFL and HVA in first day itself due to recent SEC ruling 50% of issued shares to be allotted to retailers. Hence we must have to hold for medium or long term to get sufficient return from the IPOs. But that will not be suited all IPO. You have to do ur own analysis to whether to hold or not...

I just decided 2 strategies for IPO.. I am not sure, this will suit everyone

1. Apply IPO and exist with min 15%-20% based on prevailing situation of 1st day trading, then collect if price come down and hold it for medium or long term ( top of that. u have to analyze the company and performance, whether the company is suited to hold for medium or long term... this every thing based on your judgment and analysis)

2. If u are very much sure about the company in terms of business and growth, and u think ur selected stock is going to be outstanding in long run.. apply the IPO and collect from the mkt ( if u need any additional qty) when the price comes down and hold it for long run...

I did for FLCH based on 1st scenario, i exit with 18% return ( which bank going to give 18% interest for just one month) and bought @ 5.40 & 5.5 level...

Will see How my strategy will work in future.....

Happy Trading

milanka

milanka
Vice President - Equity Analytics
Vice President - Equity Analytics

seyon wrote:We can not expect the huge return which we gained from ODEL, SFIN, HPFL and HVA in first day itself due to recent SEC ruling 50% of issued shares to be allotted to retailers. Hence we must have to hold for medium or long term to get sufficient return from the IPOs. But that will not be suited all IPO. You have to do ur own analysis to whether to hold or not...


Above covers the current IPO scenarios in summary form. Fully Agree .

We need to be selective and decide subscribe or not depending on our own taste. Just applying for 'ALL' the IPO's and try to exit on First day with profit may not work these days.

http://forum.srilankaequity.com/u188

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