Why is selling of Aztec being allowed only in market lot of 2000 shares? When will I be able to sell lesser quantity? Thanks in advance for your response.
Frankly, the waiting period is longer now, unfortunately the benefits this company was supposed to receive are not seen coming in so easily unfortunately now. Partially, this is also affected by election results. NDA is forming the government and not BJP. I hope, it gets resolved early, but there is now no certainty of when this stock will rally., it may start performing based on fundamentals, but then it will be long term stock not short-term stock.
If you are looking for long term, this is a good one to enter now or even if you can wait (which would be better) for price to get some stabilization.
If you are only looking for making quick profits here, than be prepared for sudden loss too (or blockage of money) as you are taking a speculative call of making quick money. Currently, this can go anywhere, so I would not touch it at current levels (from quick profit making point of view).
Fundamentally very strong with Niche business. ROCE and ROE above 20 and debt/equity ratio below 0.4. Hopefully market will reward good business with strong balance sheet in the long term.
Although one should ideally wait for 5 days after listing in SME ipo, to check when direction of up/don trend changes. If I bought at 88, would wait atleast 3-5 days if still goes to downtrend it's a Stoploss hit for me. It's just my believe it would give good return in short to mid term given that it has decent funda and listed much below premium. Also it's a niche business involved in mostly printers and trade dependent, can't assess and compare much.
85. k l patel| Link| Bookmark|
May 17, 2024 10:17:03 AM
Top Contributor (500+ Posts, 200+ Likes)
all of sudden buyers disappeared, and listed far lower than expected
85.1. PLAZA| Link| Bookmark|
May 17, 2024 10:29:49 AM
IPO Guru (2000+ Posts, 1200+ Likes)
@k l patel As i was busy in watching preopening of premier listing so please give a close view when i.e by what time buyer disappeared and matching came down from 100+ which I have observed last around 9.30 am so that we can cautious in future listing.
85.2. IPONEED| Link| Bookmark|
May 17, 2024 10:40:26 AM
IPO Guru (2100+ Posts, 1100+ Likes)
इतने सरे नए तोते आये थे अब सब फुर्र
85.3. k l patel| Link| Bookmark|
May 17, 2024 10:51:46 AM
Top Contributor (500+ Posts, 200+ Likes)
@PLAZA even i was also watching premier since i alloted 1 lot their, and sold that in pre open.. aztec pre open traded shares was only 6 lakh, so most of buyers cancelled their orders before settlement
85.4. PLAZA| Link| Bookmark|
May 17, 2024 10:51:53 AM
IPO Guru (2000+ Posts, 1200+ Likes)
@IPONEED Dear Iponeed and other member who noticed preopening activities between 9.35 to 4.43 am pl narrate. Txs
@PLAZA , around 9:25 the ratio between buyer and seller started declining from 7x to 3x and from around 9:35 it became 1.5-2x till 9:42. It was somewhat a freefall obliteration of buyers.
85.6. PLAZA| Link| Bookmark|
May 17, 2024 12:11:08 PM
IPO Guru (2000+ Posts, 1200+ Likes)
@toptenners.com Thanks sir for updating . I just hv query irrespective of volume when matching price indicates downward trend like appx matching price at 9.35 am 9.38 am 9.40 am and 9.42 am if it is in downtrend then clear indication came for matching what happened or it suddenly matching price declined at 9.42 am so that innocent retailer or hni either couldn't remove buying order or not able to reduce selling price due to shortage of time .... Txs in advance This is just want to know /querrcity of the mechanism of operator
@PLAZA sir, i agree with this intentional pumping of rate then severe withdrawal of orders almost like pre planned strategy from such high volumes. Prima facie it does seem like operator game in pre open against interest of retailers by my limited knowledge, although with halving of buy orders the sell orders were also doubled in fear propagating any strategy that was applied there. On the other hand, given few recent SME listings they have again entered turbulent waters with time in this season.
What is your strategy for selling - being an SME BSE , there will be a cap on listing gain - most probably after Listing OPEN , it can do wonders r u planning to sell ??
80.3. JSK✨| Link| Bookmark|
May 16, 2024 10:01:16 PM
IPO Guru (1600+ Posts, 900+ Likes)
Business wise, it is good but sector wise it is not since 2 years. We had seen Chemical boom during 2021 where that #1 sector but nowadays far dull!
I will not sell in pre-open, let it open and will wait till 5% circuit breaks in next couple of days (in case of UC). I will only sell only if too much panic during listing!