75.3. lokes| Link| Bookmark|
February 22, 2024 7:06:36 PM
IPO Guru (4400+ Posts, 5100+ Likes)
i will be holding it for some months atleast then will decide... company business looks good to me, its in EPC and in manufacturing also and coming defense segment also...its customer base is diversified and in multiple industries.....its financials are also great and had good growth in top and bottom lines and PE also looks reasonable.... it may not give big gains in listing or short term due to its big size issue but later it should give good returns i feel like in cosmic crf and CFF etc....
@NareshZ Like what Lokes said - will hold tight, and add more if it lists at par. Rarely do we get such a quality issue for so cheap. For me this is a portfolio stock now, not a listing gain stock.
75.5. Sharvam| Link| Bookmark|
February 22, 2024 10:03:00 PM
IPO Guru (1000+ Posts, 700+ Likes)
Last time I applied in such low subscribed SME was Sealmatic. I applied with great conviction but unfortunately I didn't got allotment and I couldn't buy it when it went into discount for brief period in March mayhem last year. But this time I got 1 lot and ready to buy more if listing is lackluster. Company is having 4 verticals 1. Fabrication 2. EPC 3. DEFENSE (bullet proof jacket & helmets) production not started 4. Concord Helmet & Safety products Pvt. Ltd in trichy
@lokes@rohiitian Thanks for sharing. It should list higher than GMP let's see. @Sharvam I also missed sealmatic and instead bought VIAZ Tyres. Long Upside Run in Sealmatic and Viaz tyres is now at Issue Price.
75.7. eVA| Link| Bookmark|
February 23, 2024 7:20:51 AM
IPO Guru (1300+ Posts, 2000+ Likes)
@Sharvam 5th is "Apex Steel & Technology (India) Private Limited" is one of the promoter of Atmastco
@rohiitian Total issue size 73lacs shares trade happen 42lacs shares So it is 58%. OFS portion was also alloted to public.. Hence it must considered in free flote.
Anyway there are enough examples of high free float biz hitting UCs despite low volumes (eg. Electro Force, an every larger IPO with low subs, where on day 1 only 40% of free float was consumed, and it hit UC for 6-7 days). I think fair value and demand is more important.