Thanks for your input. I totally get where you’re coming from about the risks of buying shares before an IPO. It can be nerve-wracking, especially with the potential lock-in periods and the chance that the IPO price might be lower than what you paid in the unlisted market.
However, I think Waaree Energies might be a bit different. For one, they don’t have any real competitors in the listed market, which could make their IPO highly attractive. We saw something similar with IREDA, where everyone wanted in because it had such a strong position in its field. Also, Waaree Energies has some pretty solid fundamentals. Unlike Ola Electric, which is still losing money, Waaree has managed to increase its Profit After Tax by five times year-over-year. This kind of performance suggests they’re doing something right and have a sustainable business model.
I do see your point about the risk, especially with companies that are more hype than substance, like Paytm was. But I feel like Waaree, with its unique market position and strong financials, could be a good opportunity at its current valuation.
One thing I’m still a bit unsure about is the lock-in period. My understanding is that it mainly affects big investors like QIBs and not so much retail investors. I’ll need to look into this more to be sure, but it’s definitely something to consider.
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