Jindal Cotex Ltd = IPO

Hello Experts!

I am very new to world of entire shares and IPO community. Though with the help of this forum, I started investing MFs in year 2008 on a small scale.

I tried my luck in IPO by investing 5K in NHPC IPO, but then I put the price at 32 and did not use the cutt off option due to half baked knowledge. Then I started reading this section of IPOs and the post especially by Bigbrother is great. One can easily learn the basics by devoting some excellent post of Bigbrother and other people. So more or less, I believe my IPO in NHPC would be rejected since they might issue the listed price at 36.

Now another IPO Jindal Cotex is opening tommrrow with price band of 70-75 and coincidentally, my FD for 10K has ripened. I want to try again, but this time would seek your expert opinion about this IPO and also how should I approach for the same.

Another question is why dont we all wait for the IPO to be listed in the secondary market. I mean for example, there was lot of hype behind Adani Power and price going to shoot up, but when the market opened, it was listed more or less for Rs. 100.00. Those huge number of people whose application has been rejected at IPO stage cannot put the same money in the secondary market when listed as it would take some time for their money to get refunded. So why not wait for the listing? Just want to clear this confusion.

Thanks & Regards

Jeet

Avoid Jindal cotex, hefty premium , Industry not a fancy one on the stock market, Would quote below issue price, that is if the Issue gets through

Next ipo to look for is jsw energy one...give OIL a miss...since 850 would had been the right cut off price for it

These JSW guys are also a greedy lot, people who are in the stock market for a considerable long time, may recollect what happened in their Jindal Vijaynagar Issue, ultimately that company got merged with JSW steel, Shareholders of Jindal vijaynagar, were given peanut shares of JSW steel in exchange of Jindal Vijaynagar, although thier shares do well on the exchange, but seriously I dont trust these guys, will look for valuation before applying.
Brother every promoter is out here to make a killing, they can get away with it as long as the market is good, but If for some reasons, the market falls, God save the small Investors. So be cautious, and take decisions based on valuations and the gestation period involved, dont you ever believe the long term theory in these stocks, better to make a quick buck and move.

For long term better to invest in shares of exceptionally good promoters and companies

Just forgot to add, this Jindal Cotex has no relations with Jindals of the JSW group, they are small unknown Jindals, popularly known as cycle shop owners, as their main business earlier was making cycle parts

Agreed....I myself learn frm analysts what they say than invest...as its far away yet has no opinion yet.....

I dont know abt the vijaynagar shares...

But for jsw...i said becoz the company is existing with 800mw stuff.....but inorder to lead it to 3000mw they need cash so the ipo coming also it can be met by 2010 ending so not a bad ipo i guess...price ard 200 i guess....better than rel power which still has a lot of year to go

But for the next few years power sector will do well..as power not available and govt allowing all projects now for shortage to met



The present opinion i heard is not to sell NHPC even if listing profit goes upto 47......its the stock to pass to generation or long term where it might touch 1k mark

I agree with you NHPC is not a sell, on the contrary, just keep adding during bad and depressed times, but if the market get into euphoric state as was the case 2 years back, we should get out, with the intentions of getting in at a later stage, when good sense prevails

Just for the amusement sake, irrelevant to NHPC

A Classic Case of Euphoria

Master Plus a Mutual Fund unit of UTI was quoting at Rs. 180/- although the NAV was 9.75 during Harshad Mehta days :lol::lol::lol: