Shares of Lenskart made a muted debut on the indian stock Market. The company recently launched its IPO. There was lot of noise around this IPO. Lenskart is a technology driven indian eyewear company that designs, manufactures, and retails a wide range of products, including eyeglasses, sunglasses, and contact lenses. As said There was lot of buzz around its IPO. However, the shares were listed at a discount of 1.74%. The company shares were offered at Rs.402 in the IPO but it was listed onlt at Rs.395.
There was a mixed reaction by the different category of investors at the time of IPO. While the retail investors were ahowing their interest to invest the experts were completelly against subscribing the IPO. There is no genuine source of their profits. When the #lenskart IPO was launched, it was fully subscribed on Day 1. Sending a strong signal to all the retail investors. Looking at the subscription craze, many investors were feeling that, if they made a mistake of not applying?
But here is how I see it. Such instances happened earlier as well. History always leaves some traces to make the story clear and same happens with the IPO. Many previous companies IPO like #ola, #paytm, #nykaa #swiggy #zomatto etc were all fully subscribed on day 1 of IPO. There was a huge craze and buzz. People were desperate to get allotment so that they could make some instant profit. However, today we can see how all those IPO were standing right now. All the hype around these stocks were now cooled down. Only few shares likes of #zomato were able to rise after the fall, because it foussed on profits and growth and not just hype.
It reminded me of old saying of Warren buffet. He said once ;
Stocks are slaves of earning
So be a smart investors and follow the earning. Ignore all the hype around the company, and never regret resisting FOMO (Fear Of Missing Out). If we are resisting FOMO we are already doing better than most. Belive in the wisdom.
In good faith - Peace!!
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IPO's are always a bit tricky! I remember when the Coinbase one was coming out. I almost bought in, but something in my gut told me to just wait. Turns out the stock was way overvalued and it ended up dropping quite a bit from where it opened. It did hold steady for a bit and it did recover, but I'm still happy I held off.
Such things does happen a lot...it is kind of bet...I was alloted some in Hyundai motor. The stocks tanks for almost a year and now it showing sign of recovery...who would have thought fot such motor company shares
I know a lot of people who bet on GM stock after the bailout did quite well. I hold some Ford and it has been a solid dividend earner for me through the years.
Bhai IPO aur lottery barabaar hain. In fact, lottery jayada safe hain. LOL!!!
At least lag jaye to profit to banta hain zabardast.
Jokes aside.
Mera luck to IPOs mein kuch khaas nahi raha bhai.
OLA, Zomato, Nykaa ke beech mein aachi companies bhi hain bhai..
Abhi LG ka kitna try kiya nahi hua. :(
But jinka laga unhone 50% profit booking kar ke kuch holding mein bhi dal diya.
Bas intezaar aur luck ka game hain.
Abhi Pinelabs ka bhi IPO hua tha mera to mann bhi nahi kiya. But nazar rakhe hue hain. 💟☮️
Its all about luck....but if you try to be an early then there are chances....wife ka account v use Karo....donor me se kiss me hit Karenga....
lenscart ne bhe kafi accha , return de diya hai or grow ne kafi acche return diya hai almost 33 %
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Bhai, invest karne mein thoda dar lagta hain.. IPO se phale hi numbers inflate karne lagete hain ye sabhi uske baad promotor exit ho jaate hain aur losses retailer ke sar par. 🤦♂️
Lenskart ke scene mein bhi yehi reports aa rahi thi ki numbers sahi nahi baith rahe. Isliye ek general rule ke chalte only the companies which are established, unhi par paise lagane ka hain mujhe.
Large cap are alwsys a good bet...but Kaun Kab chamak Jaye kuch nahi bol sakti....Maine Syrma ka share 414 me becha..aaj uska price double ho gya...
Bhai dono ka listing Kam thi but later they spike ....aaj groww or v chada hai
Ha ye to hai but aj kal IPO se loss he hora tha , tabhe mera bhe man nahi tha investmmet krne ka. But aab lag rha hai sayad krna chaye tha xd.
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