Rentomojo IPO should apply or avoid?

General
1

Market’s is below 23500, but Rentomojo IPO interest is still picking up.

Maybe people just like the business model… or everyone’s finally trying to recover the rent they’ve been paying all these years. :grinning:

A big chunk of the issue is OFS Rs1,105 Cr out of Rs 1,255 Cr is existing investors cashing out.

Demand looks good, GMP looks good… but listing day?.
Would you apply for this for long term, listing gains, short term or stay away?

2

IPOs that get laughed at typically beat public sentiment and outperform their perceived risk.