Yes, I am here

I have been very busy at work so did not get time to blog!

Retail Participation in recent IPOs continues to surprise me. Retail demand in Ravi Kumar is almost same as HNI + Corporate demand. In case of Shipping Corp., Retail demand is highest. One part of the change is due to increased limit for Retail investment & other part is also effect of successful issues like Coal India. Since demand of shares keep increasing, the allotments continue to get poorer :) So making money is becoming increasingly difficult :(

I let A2Z issue go since funds are blocked. Most of the analyst feel that this IPO is over priced a bit but my sense is that this will list at a premium. Let's see. On the other IPO this week, Ravi Kumar Distilleries, I would not invest even if I had funds. I would like to stay away from stocks in the category like Liquor, Cigar etc. I am fully aware that some of my direct equity or mutual fund investment may not be always in what is called 'Ethical Businesses' but I would like to do what I can.

Punjab & Sindh IPO looks interesting. There are management comments that they would like to leave 'something on the table'. I will take a look at the numbers but most likely we will apply.

We bought LIC Housing, Yes Bank, Shriram Transport & IFCI in the recent crashes. To me, it seems that the undertone is still bearish.

Regards, Rohit