Hello everyone. My first message here. First of all I want to thank everyone contributing here for sharing their knowledge with open heart and for free and the site owners for giving time to moderate the site, as only strict moderation can maintain quality of such internet forums. (Although I was hesitant to register here as it asks for phone number).
I have been following the mainboard forum for few months, although on and off I have visited it for almost a decade, only to have a glance, and also had demat accounts opened for so long, but trading only with superficial knowledge and without consistency. Now I regret not spending more time on stock market and on this forum; I might have multiplied my little invested money quite well over last decade. I think I missed 2-3 bull runs and also experienced much frustration because of what now in retrospect look like stupid trades.
Anyway now I feel confidence in stock market (even though I am a slow learner and practically a beginner). Before investing my money in market, I tried my luck applying for IPO from bHNI quota from those funds. And I have been allotted 1 bHNI in this IPO ( I applied from 1 account and this was my only 2nd IPO from bHNI quota). Based on whatever I understood, my logic for applying was that if IPO funds are used for paying off debt, this company's pe ratio will look reasonable when the next quarterly results come and also other good hotel stocks are already very costly. They are also looking to add more hotels so there is scope for growth. I think it will be good for long term but I dont think I have patience to hold that long, so hoping for some decent listing gains.
Again thank you everyone. And special mention of newgen ji. ( i got allotment in bls e services from share holder quota).
311.1. Chhote Lal| Link| Bookmark|
February 9, 2024 10:25:09 AM
IPO Mentor (6100+ Posts, 4500+ Likes)
@Not Smart You applied 1-1 application in BHNI and SHNI.and got in both. Wooow super lucky How many lot you applied in BHNI (in terms of multiple of retail lot) and SHNI( 14 lot or more than 14 lot)
308.10. Basuvr| Link| Bookmark|
February 9, 2024 1:33:03 AM
IPO Guru (2000+ Posts, 1100+ Likes)