Update on the listing day... 16th Mar 9.45 AM
By looking at the current market scenario, looks difficult to have 30% + listing gains like predicted earlier.. however, I personally feel, it should open up by around 10%...
Those who applied for it for mere listing gains, would be advisable to get out as markets are showing some more pain points in spite of a smart pullback of Friday ....
Trading view for intra or short term.... based on candles of, 5, 15 or 60 mins..
Buy above the high, with a sl below the low of that candle...
Strictly a personal view...
For long term investment, take required cues from financials...
Hi all
A lot of you asked me personally about SBI Cards IPO.... So here it is...
Though the business is not niche, it is well known and promising in the current scenario. However as you all might be aware by now, that for financial valuation for investing purpose, I am not the best person....
But, by looking at the grey market and listening to market grapevine, it looks very good from listing gains point of view.... I feel, on a conservative side should give handsome gains on listing by at least 30 to 40%.
Also the issue size is comfortably big, and hence probability of getting an allotment is surely high.
My advice is to apply for the IPO only with listing gains perspective, for long term investing, request you to follow the available information on the internet...
Before the listing date, will try and share my opening day trading startegy to trade IPO.... Stay Tuned...
Cheers
Hrishi
