Highly Over Priced A U Small Bank IPO vs Grossly Under Priced Rel Capital or other good stocks.

Discussion in 'Ask A Query About Your Stock Picks And Portfolio' started by kharb, Jun 28, 2017.

  1. kharb

    kharb Well-Known Member

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    A U Small Finance Bank is coming with its Highly Over Priced IPO.Investers has also choice in Secondary market with Grossly Under Priced Finacial Stock like Rel Capital which just trading above its book value with many valuable business under its belt like AMU mutual fund business,Home finance,Commercial finance,Life insurance,Gen insurance etc.
    Investers has also choice of buying well established small pvt banks like DCB Bank,Fedral Bank and RBL bank trading at lower valuations and also choice of buying DHFL trading at attractive valuations.Even if we look at big pvt banks,ICICI bank with its subsidiaries looks attractive.What are members view ,should they buy this Grossly Over Priced IPO issue to support greedy permoters class( although with good track record) or go for lot of extremely good choices from Secondary market .This is no recommendation for or against as I am no expert( and has no views on any relative stock performance)) but just for discussion to seek views from respected members .
     
    Last edited: Jun 28, 2017
  2. w4wealth

    w4wealth Well-Known Member

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    yes . au financiers ipo is highly priced. may not be a good long term bet.
     
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  3. starry_eyes

    starry_eyes Member

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    @kharb , so what should have been the offer price?

    What do you think it will list at?

    Will it slip below the issue price in the next year or so?
     
  4. wild_hipman

    wild_hipman Member

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    47% premium listing. That's good for me.
     
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  5. wild_hipman

    wild_hipman Member

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    Galloping away....loving it.

    Sometimes not replying pointed questions comes in handy eventhough initially these may have not been replied to for want of any credible basis.
     
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