Anyone having prior experience with Purvashare? By what time when can we expect allotment today? Like Linkintime is always early morning or next day and Bigshare tries to release allotment status by 8PM on BoA day.
Anyone knows about purvashare?
67.1. MuStrFc| Link| Bookmark|
March 18, 2024 5:17:21 PM
IPO Guru (1800+ Posts, 1000+ Likes)
Well, GMP is just an indicator not the truth. We have seen many companies coming at decent valuations having nil GMP like Techknowgreen , Vishnu Surya Infra, Atmastco
All of these had excellent valuations at public issue price but no GMP. But, Allottees were rewarded handsomely post listing. The benefit of such IPO's is less demand due to low GMP. This helps to better allotment chances
This may also go the Techknowgreen/Vishnu surya/Atmastco way.
This is just a prediction based on past learnings. After all, we don't know what is going on ground. All we have is financials,RHP and past experience to guide.
That is true, and at times, you need to take risk not going with sentiments but with fundamentals..
This one looked like the one worth taking risk for, so applied. If allotted, I will hold for 2 quarters or will buy it from secondary market when it hovers around its IPO price.
I wish it is a glitch only (as update time is odd). But looking at current market scenario and in past few days there was no movement of GMP (due to lack of trades), I would not be surprised if it's true
Earlier also in my post I had mentioned it is thinly traded. Currently no trades are happening in Ahmedabad and rajkot. You can call it zero gmp as the sites do not show last traded rate as the gmp . That's the irony. My personal gut feeling is that this will not list at discount. I am not too sure on how much upside it will show basis HOS in Rajkot and Ahmedabad. Respected Ipo gurus, mentors n top contributors can confirm this at thier end too.
@Dhiraj Ramchandani Ji, i dont think its a technical glitch now.. As since yesterday its showing ZERO.. Does it mean that it will definitely list with discount??
Even I dont think this will list on discount, except something big changes the market sentiments (like it happened 2 weeks back with Sona). This will also not give bumper listing gains, but can give a decent return ranging between 10%-15%..
Let us see, how much this GMP holds
64. BLUE WHALE| Link| Bookmark|
March 17, 2024 11:55:14 PM
Top Contributor (400+ Posts, 100+ Likes)
Hello @LOVE IPO, do you also happen to know the reason behind this? I mean, is there a general scare for SME IPOs in grey market or specific to this stock?
@Dhiraj Ramchandani Sorry brother I do not know the reason for the same. But one thing which I want to share is if there are no buyers there are no sellers either. That one positive. Only seller scenario is real scarry one. This one is no man land. Share India capital is good at managing listing. It further help me to build confidence. Plus HOS in Rajkot & Ahmedabad suggest me that it will not list at discount. Disclosure : My skin is in the game , hence I have vested interest in its listing positive. Please take informed call basis your risk taking appetite.
@LOVE IPO: Thank you for the valuable inputs, I understand, if there are no sellers too, it is a good sign and shows the confidence of people holding on to this stock.
Lets see how the allotment goes today and later the listing.
Exited my lots today in preopening itself. Happy with little profit. HOS in Ahmedabad and Rajkot were always of the opinion that this will list in positive even when the GMP was showing at zero & it actually did. SME's is lot about managing backends at times I feel. Lead manger plays pivotal role in managing show.
57. CL BASSI| Link| Bookmark|
March 15, 2024 9:43:08 PM
Top Contributor (300+ Posts, 100+ Likes)