IPO - Wonderla Holidays Limited

Disclaimer - 

This is not a recommendation or  financial advice, I am just penning down my thoughts and my journey in the financial market. 

http://www.nse-india.com/products/content/equities/ipos/ipo_current_wondrla.htm


Pros -
1. Listing before election results, as the market is upbeat there is a probability of listing gains.
2. Untested territory - history is replete with examples of good listing for stocks which are the first in their niche area e.g suzlon, cox and kings, jubiliant, justdial etc
3. Small IPO - 200 crores - usually oversubscription is high and therefore the resultant euphoria.
4. Reliable anchor investors names - Aditya Birla Group, TVS Shriram and HDFC
5. Valuation not so high, comparable to international peers.

Cons -
1. Untested territory - history also has examples of harakiri of stocks of sectors which are untested water, but usually one gets an exit on day one with minimum injury.
2. If there is some political accident before listing, the gamble will go for a toss.

What am I gonna do -
1. Test my luck using pump and dump.

2. Apply on last day at 1 pm, by reviewing the subscription levels.

3. Small IPO - 200 crores, not much chances of getting multiple lots. Its prudent for me to apply only for one lot.

What happened next -
(This section is dynamic and will keep on updating after listing)
 Update on 22-April-2014 =>
0.42 overall subscription, QIB as well as retail usually rush in on last day. Fingers crossed.

 Update on 23-April-2014 =>
At 1:00 pm overall subscription = 3.48 and retail = 3.30
Retail expected to go above 10 times by EOD, no point applying more than one lot
At 11:40 pm
Final figures are awesome - QIB 16.7 times, NII a whopping 159 times and retail 7.6 times
An overall subscription of 38 times
Note - Retail subscription could have been more But I guess retail now knows that if number of applications is more than total reserved for retail divided by minimum lot then there is a lottery and no one gets more than one lot. Therefore many in retail have applied for single lot only.

Numbers for Data Mining in future - 
IPO date - 21-23 April 2014
Listing date -
Subscription - QIB 16.7 times, NII a whopping 159 times and retail 7.6 times
Basis of allotment -

Disclaimer - 

This is not a recommendation or  financial advice, I am just penning down my thoughts and my journey in the financial market.