Categories Excerpts IPO ICICI Securities IPO – Nailing the Cyclical High Post author By Raoji Post date March 20, 2018 3 Comments on ICICI Securities IPO – Nailing the Cyclical High Source: DRHP filings of ICICI Securities Ltd Share this:FacebookLinkedInTwitterWhatsAppEmail ← Linkfest : March 20, 2018 → Lemon Tree Hotels: Employees Check Out Faster 3 replies on “ICICI Securities IPO – Nailing the Cyclical High” Dear Sir, Could you please explain the point that you are making here? Thanks. IPO is coming at the top of the cycle….compare valuations of brokerage houses in 2012/2013 Versus where they are now Mostly the story is like this only. They come out with IPOs when the market and/or business cycle is at its peak leading to extreme, exuberant and crazy valuations. It is better to buy shares/IPOs when the market is despondent and/or low business cycle. But then, you require high degree of conviction to buy / apply during down turn or worse, during the worst of the down turn. Because after the worst of the down turn only, you see a ‘J’ type recovery. Sharp and quick. Leave a Reply Cancel replyYour email address will not be published. Required fields are marked *Comment Name * Email * Website Notify me of follow-up comments by email. Notify me of new posts by email.