One theory on market manipulation, conjecture from my side may be experts can provide their views.
-- Couple of IPOs (Vodafone, JNK, Bharti) goes where bumper listing happens, Shares trade above GMP. -- Investors who apply IPOs for listing gains becomes hopeful of getting more value post listing compared to GMP. -- Grey Market operators do not get enough volume to buy at a decent price so that they can gain additional 10-20% on listing.
Then comes Indegene. -- Grey Market operators, keeps GMP high with very less volume. -- People start expecting 60% gains based on GMP, no one sells in grey market as they expect more value on listing. -- Listing happens at a true value of the stock ~30% premium & everyone panics and starts selling, operators buy at good value to gain in future.
Indegene impact on Aadhar & TBO -- Given the indegene listing (curated for panic), GMP falls drastically. -- Again panic intensifies & all those who are allotted now sells to operators at very less price just to have some 10-15% gains to avoid potential losses at listing. -- Good quantity cornered by operators at a low price.
Potential listing of Aadhar & TBO: -- Good listings based on fundamentals of the stocks.
Operators profit a hell lot & retailers regret.
No inside information, this is just how I think GMPs can be used to manipulate the retail investors & Grey Market operators gain.
522.5. Nothing New| Link| Bookmark|
May 14, 2024 3:55:40 PM
Top Contributor (600+ Posts, 100+ Likes)
At the SBI branch near me, none of the staff arrives before 10:20 am although the branch time starts fro.m 10 am. But they have a valid reason doe not manifesting. They say that the most of the work is actually handled by the peon all others are for the name sake. I had a first hand experience of this when I went to sign the new locker agreement. Manager had to call and please with the peon who was out, busy with his work. I had to wait for an hour before he came and informed me of the unofficial extra charges for the stamp paper) for the stamp paper that he had to procure. That's the SBI for us all.
Are you going to exit on listing or will hold for some time? I'm looking to hold for some time to get at the target price of Rs 411 giving a P/e of 24. Any suggestion from any senior members are welcome. Thank You
@Prashantf Aap jis demate account se ipo aaply kar rahe ho usme aur jo bank account use kr rahe ho usme PAN number same hona chahiye, agar wo alag alag he to aapki application third party maani jayegi
518. MVP| Link| Bookmark|
May 14, 2024 3:12:11 PM
IPO Guru (1400+ Posts, 1000+ Likes)
GPAY - ICICI mandate is revoked for everyone(for non-allotment) ? My amount is still blocked.
518.1. Rajiv RR| Link| Bookmark|
May 14, 2024 3:20:30 PM
Top Contributor (600+ Posts, 100+ Likes)
518.2. MVP| Link| Bookmark|
May 14, 2024 3:51:53 PM
IPO Guru (1400+ Posts, 1000+ Likes)
Amount finally unblocked. I sent an email to ahfl.ipo at kfintech with application details and they immediately revoked the mandate. I was little worried, as i applied few third parties for the first time. Will not go for the third party again. 😅