Shilpi Cable Technologies Ltd IPO (Shilpi Cables IPO) Detail

Dear varunpatel,

I am in Angel broking and he is permiting duly taking margin money as applicable.

All IPOs I made long & short or short & long on listing day without any objection form broker.

@ 487. seenuipo,

Can we short a stock on it's listing day? I don't think we can. Can anyone please confirm this?

My dear n kumar ji,
Both shilpi cable and omkar have never trapped the trader those sitting infront screen on listing day.
1).You can recollect what happened regarding shilpi,
it has listed around Rs 79/- and gone upto Rs 83 from there it has gone upto Rs 45 without any confusion.Those made a short while crossing issue price have got hand some profit even he was long at Rs 83 (83-69 =14)< (69-45=24).

2).In case of omkar it has stayed above issue price more than some seconds where some lakhs of shares traded already by that time.The people who made short after price crossed its issue price(fundametal rule of IPos)got windfall profit without any hesitation and any confusion.

Dear vas nat,
I have gone through the report 1 month back.But there are some errors in calculations,major one being people while comparing an upcoming issue with an existing one get their mathematics wrong.They had calculated Mannapuram present P/BV & PE with Muthoot finance last year financials.I expect the price to be 170-190 & FY11 EPS post IPO equity to be around 12 which means IPO is coming around 15-16 Trailing PE which makes it a decent issue.
People jump the gun & give their analysis before hand without making it an apple & apple comparison.Same was done by first choice ipo analyst Prasanna who compared previous year Lovable financials with current year maxwell & page industries.

Hey Sreedhar....please suggest man what to do in PTC Financial. I bought 1 lot of ipo. Will it go up or not? Also what do u say about JP associates? I bought it at 91.

S.P Tulsiyan boola 150 tak jayga, woh 45 tak a gaya SEBI ko turant action layna chahiya yah admi moneycontrol pay public ko gumrah kar raha hi.

487,Raja Batra,
Well Done. Hats off to you! Thanks for giving the details about Anna. He has succeeded...rather people have succeeded.

From Money control.com
US markets end lower; oil prices hit 32-month high
Published on Sat, Apr 09, 2011 at 09:31 | Updated at Sat, Apr 09, 2011 at 15:27 | Source : Reuters
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BSE | NSE 08/04/11

US stocks fell late on Friday as a spike in oil prices revived worries that inflation would derail the recovery, jolting a market that had been treading water ahead of corporate earnings.
The uncertain outcome of budget talks in Washington and the prospect of a US government shutdown as a midnight deadline loomed spurred investors to buy protection ahead of the weekend. Many traders bought short-term put options on the SPDR S&P 500 Trust.
"The tape is heading south in light volume. People are hoping that nothing bad happens over the weekend," said Michael James, senior trader at regional investment bank Wedbush Morgan in Los Angeles.
The surge in oil prices drove down shares of airlines and transportation companies. The Arca Airline index shed 2.7% and the Dow Jones Transportation Average fell 1.7%.
Brent crude futures settled above USD 126 a barrel, the highest level in 32 months, as the weak dollar drove up commodities and intense fighting in Libya raised fears of prolonged supply cuts.
Trading volumes remained low, a sign that investors are holding off major new bets ahead of the release of quarterly earnings beginning next week.
The Dow Jones industrial average was down 29.44 points, or 0.24%, at 12,380.05. The Standard & Poor's 500 Index was down 5.34 points, or 0.4%, at 1,328.17. The Nasdaq Composite Index was down 15.72 points, or 0.56%, at 2,780.42.
For the week, the Dow rose 0.03% while the S&P 500 and Nasdaq each lost 0.3%.
Trading volume was 6.47 billion shares on the New York Stock Exchange, NYSE Amex and Nasdaq, compared with last year's estimated daily average of 8.47 billion.
The S&P faces resistance around 1,345, near its 2011 high. Many analysts believe earnings could be the catalyst that pushes the benchmark index through that resistance.
"If the earnings next week are robust enough, we might go above 1,350, which is the top of the trading range. But since the market is very complacent, we might easily turn the other way if we see a negative outlook," said James Meyer, chief investment officer at Tower Bridge Advisors in West Conshohocken, Pennsylvania.
The earnings season will begin unofficially when Dow component Alcoa Inc reports results after the market's close on Monday. JPMorgan Chase & Co and Google Inc are due to report later in the week.
Bullishness has risen to levels not seen since last December before earnings, according to a survey by Investors Intelligence.
Bucking the downtrend on Friday, commodity-related shares rose with higher oil and metals prices. Occidental Petroleum Corp rose 2.6% to USD 103.72 and the S&P Energy index was up 0.4%.
Copper rose 2.5% while gold hit record highs on Friday and silver reached its strongest level since early 1980, as investors snapped up inflation-sensitive raw materials as a hedge. US listed shares of miner Rio Tinto Plc rose 2.1%.
The White House and Congress faced a midnight deadline to break a budget deadlock. Democratic and Republican leaders said there was still no overall deal on government funding for the rest of the fiscal year.
Tags: US stocks, US, Wall Street, Nasdaq, S&P 500, Dow Jones


Friends Please Guess the Market,From Monday on wards.
thanks
CDKGUPTA

shilpi cables

pasted from article

Shilpi Cable Technologies saw bulk selling on listing day, which resulted 30% fall in the stock to close at Rs 48.35 as against issue price of Rs 69 a share - especially after 20% spike up in initial trade on the National Stock Exchange.

Credo Fund has sold 12,83,176 equity shares in four bulk deals on exchanges in a price band of Rs 63.00-63.27 a share and booked the loss of Rs 75,25,827.24. Asian Markets Securities Pvt Ltd too sold 1,98,329 equity shares at Rs 81.23 a share, which managed to get a profit of Rs 24,25,563.67.

Promoters hold 74.88% stake in the company and 12.54% stake hold by FIIs, with the public holding of 12.58% as on April 2.

Total traded volume was more than 9 crore shares on both exchanges - more than 11 times compared to issue size of about 81 lakh shares.

Shilpi Cable manufactures RF cables to cater to the telecom sector and also trades in cable accessories.

Company received Rs 55.88 crore through this IPO, which are proposed to be utilised for capital expenditure on cable/ wire assembly shop, tools for 3G enabling and augmenting cable manufacturing capabilities; for long term working capital requirement for the proposed new businesses; and for investment in the subsidiary of the company, M/s Shilpi Cabletronics.

Nis....
I think you have a good presentation twists in your saying..... are you a lawyer as what you said before and what you are saying now are absolute contrary.....

Gotala govt.+SEBI+Lead managers+Company nay mil kar retailers ko phir NHPC ki tarah BAKRA banaya, indian retailers tayri yahi kahani 2 lakh ki application pay 70000 ka lose phir bhi na cahraty pay sikan na akho may pani new ipo ki phir tayari.

thanksdeargemipofinder for your timely strategy for shilpi ialso get exit at an avarege of 82 in alllots. ionceagain appreciate your balance between gain AND GREED.

i want to open a new demat/trading a/c for shorting Z category share like shilpi.....i hv a/c with iifl ..but they not allowed to do so.....please give me idea which brokers allowed it

WHEN MUTHOOT FINANCE IPO OPEN PLEASE REPLY

Read Tulsian's opinion not as Shilpi touching 150, but as the price of 1 share touching 50! It crossed 50 on the downside and went even to 46 odd! So his target met!
Jokes apart I am reminded of the listing of MOIL where operators shorted heavily in the morning using the buying mood of poor investors. The same could have happened here also and they would have made merry today shorting at 80 odd and covering at 46 odd.

"Be ready to have some mouth watering price in Shilpi Cables. But dont be greedy try to exit in early hours."

It was my feelings yesterday before listing.

Which made me more sure when S.P. Tulsyan mentioned , It may touch 150 today morning.

What obvious to every one never happens in stock market.

dear Mr Ripin Shore,


All trades in sbi bond in Ahmedabad have been done with commission & interest so whatever interest you got, will go to the purchaser of your application. Further, SBI has declared book closure as 15/03/2011 for interest for the period commencing from 15/03/2011 so again you will get another interest around Rs. 450/ or so on the app. of 1K. This also will go to the purchaser. You are only concerned with the amt. for which you have sold your app.

vas net

what i m seeing in GPPL today that.....

last traded qty ( LTQ) IS MOST OF THE TIME IS 39.........
STOCK IS UP 3% @66 DAYSLOW 63.1 SO THIS 39 LTQ IS SOME INDICATION AMONG OPERATORS TO MANUPULATE

DEAR RAMESH KATUWALA,

ACCORDING TO ME PEOPLE ARE APPLYING IN IPO FOR LISTING GAIN,,,RIGHT? TODAY IN VERY MORNING TRADED @ 82,,,,,,IT MEANS 6000 RS PROFIT/ 2 LAC APPLICATION.IF U WILL SAY THAT PEOPLE INVEST IN IPO FOR LONG TERM THEN WHY THEY CHOOSE THIS KIND OF IPO? IN EVERY IPO U SHOULD EXIT @ OPENING TRADE WHETHER PROFIT OR LOSS.IF PEOPLE WANT TO INVEST THEN WHY THEY DONT GO FOR A GROUP SCRIPT.
YESTERDAY U POSTED THAT TODAY 9 PM TAK PREMIUM 20 HOGA BAD ME LISTING DISCOUNT ME HOGA,,,,,,,,,BU FACT IS THAT LISTING WITH 11RS. PREMIUM.
CHECK ALL MY POST SINCE THE ISSUE HAS CLOSED I M TELLING 10 RS. PREMIUM AND ALSO LIST @ THAT PREMIUM NOT @ UR DESIRABLE DISCOUNT LISTING.
RIGHT?

THANKS A LOT

GEM- Congrats on Shilpi. Can you elaborate the manipulation which you have mentioned.