IPO roulette is heating up as investors chase quick wins and dodge landmines. Three threads from discussions spotlight a mix: Glottis's strong subscription, a cautionary tale from BMW Ventures, and the long-term debate around Tata Capital.
Oversubscription signal — The Glottis IPO, a Rs 307 crore issue, drew 2.12x subscriptions. It comprises a fresh Rs 160 crore issue and a Rs 147 crore offer for sale, with a price band of Rs 120–129 and a listing pegged for October 7. Market watchers will be watching post-subscription dynamics for cues. [1]
Cautionary tale — BMW Ventures IPO saw subscription below 1x, opened weak, and by Day 2 hit the lower circuit (around 27% down). Some buyers faced noticeable losses; the takeaway is clear: chasing lukewarm demand often bites back. [2]
Long-term debate: Tata Capital — The chatter leans cautious: many say avoid due to an expensive valuation. Comparisons to peers like HDBFS—which was overvalued even at IPO price around 740—underline the red flags investors are watching for. [3]
Bottom line: valuation, risk, and turnaround potential are the trinity investors weigh before committing capital. Stay tuned for how these names move.
References
Glottis IPO subscribed 2.12 times overall
Glottis IPO subscription 2.12x; finalising allotment; Rs 307 crore issue; price band Rs 120-129; debut Oct 7
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