@Hope is life Isine bachaya hai Sir. At par listing karwa di else surely discount me list hota ye.
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May 24, 2023 12:25:42 PM
IPO Guru (2400+ Posts, 1300+ Likes)
Hope is life :- sir Don't rely on bulk deal of rikhav sec . It includes there adjustment also with promoter lead manager and grey transactions etc . If Market maker is so confident then why again today seller pack . There must be some game ON ......
some market maker sold almost all alloted on listing day..
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May 24, 2023 5:21:31 PM
IPO Guru (2400+ Posts, 1300+ Likes)
yes I m also positive but now a days market maker not performing their duties for that they are mean . Inspite of that they are now inclined towards making profit irrespective of balancing the share price . But good market maker also become helpless when all investors want to sell allotted shares on very first day of listing due to grey market rumor's . Thanks for sharing views , actually it helps to me to improve the future prediction capability.
Bulk buy> Bulk sell. QIBs chickened out and sold 180k out of 347K shares. MM bought 200k shared (? in preopen). It will go up definitely. (when?- don't know). My analysis is based on today's observations. (Not a recommendation to buy, I may have vested interest in this, kindly do due diligence).
Holding the allotted 1 lot. It was able to entice a lot of investors and has a decent market cap of 95 cr. It has already disclosed full years result for FY 22-23. Lets see how it performs in the coming time to come. 13L of 34L IPO shares already traded.
i completely exited Indong Tea after averaging it on every dip and still suffering substantial loss. After months of subdued performance as low as 40% of the IPO price, it finally rallied. The results are round the corner but did not like the sudden fall and sudden rise. Not a portfolio stock in my view, rest the results will tell..
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May 23, 2023 5:00:40 PM
IPO Guru (1900+ Posts, 1700+ Likes)
Not alloted. Feeling lucky for a change on non allotment.
One thing is clear today.........it will go up...........I bought 1 lot. Will buy more at if any 10% price fall. I am not scared of market tectics, I don't see anything bad in this script so far.
FLOWER SAMAJ LIYA KYA ? ..............FIRE HU MAIN. JHUKEGA NAHIN ~ "AURO"
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May 23, 2023 1:20:29 PM
IPO Guru (1900+ Posts, 1700+ Likes)
Falling GMP was indicating such type of lackluster listing. Those who were disappointed at not being alloted, may buy now at lower price. However upward journey may take some time. In the long run, this stock may turn out to be good.
Most operators have wrapped up their grey market position in preopening itself in Ahmedabad & rajkot. Lot of efforts from their end to ensure listing rate sticks to 78. Great Team work by the people behind the curtains. I had loaded margin money and intended to buy 3 to 4 lots if it listed at a 3 rupee premium, but seeing a flattish to negative listing on the cards , could not gather the courage to buy as this looks more risky the way it's playing out. Please take informed call basis your individual risk appetite. The could move either ways. the only thing working to its advantage is that it made a come back just before its Lower circuit. But really surprised considering subscription figures & way it listed.
For the moment party seems to be over on this. Also this would impact subscription on the ongoing IPO's as this one was heavily over subscribed and did not stand out on listing. Also the euphoria in Retail & HNI would come down and sensibilities reinstated of pick and choose. At least I hope. Kudos to Dilip Dawda Ji for getting this one right in his initial report too. He may not have got it right always. However it makes me guarded if at all I choose to take a contrarian call. Feel sorry for individuals who are stuck & still holding this one. Its good model generating profits for last two years with ROCE improving YOY. However it may go up eventually. However the wait may be for few quarters and could try an individuals patience.