After the Car trade, Nuvaco has also listed with a discount and this has led to the breaking of the confidence of the retail traders.
Chemplast Sanmar has also been listed with tepid gains.
Remember that IPO pricing is in favour of promoter and price is generally decided by the operators and grey market premium.
So, do not get carried away with the euphoria of IPO listing gains as the IPO which is well priced and will give you a sure shot profit means that you are not going to get that IPO. Capital Protection is more important, please don't get impatient with the IPOs and do not put your money at stake by going for the IPOs which are not worth investing.
We will only post our IPO picks when we feel that they can generate good returns for both traders and investors.