IPO: Wait for about 4 or 5 days after listing to decide your move
If you wait for about 4 or 5 days and then take a call whether to hold on to the shares or not, that I think seems to be the best working strategy, says Deepak Mohoni.
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| Deepak Mohoni, Director, trendwatchindia.com, in a chat with ET Now talks about IPOs.
What your view on these IPOs, any of the IPOs that you like?
Well whenever an IPO comes out, I think you have to go statistically at to what happens. Most of them now seem to tend to price themselves roughly at the issue price. So by getting an IPO or getting a basket of them, chances are that you will come out at least slightly ahead. But then the first week is somewhat critical after the listing, that's where you do get the first inkling of which where it is bending. So, I think, if you wait for about 4 or 5 days and then take a call whether to hold on to the shares or not, that I think seems to be the best working strategy right now.
What your view on these IPOs, any of the IPOs that you like?
Well whenever an IPO comes out, I think you have to go statistically at to what happens. Most of them now seem to tend to price themselves roughly at the issue price. So by getting an IPO or getting a basket of them, chances are that you will come out at least slightly ahead. But then the first week is somewhat critical after the listing, that's where you do get the first inkling of which where it is bending. So, I think, if you wait for about 4 or 5 days and then take a call whether to hold on to the shares or not, that I think seems to be the best working strategy right now.
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