Hi Lokesh , Just missed your message , or I would have added few more to my 30 lots.
Just wishe to know are you still holding Technogreen .
46.1. lokes| Link| Bookmark|
November 7, 2023 4:54:35 PM
IPO Guru (4400+ Posts, 5100+ Likes)
@SANJEEV SOOD All the best for your application in Baba ipo....Now i heard some gmp is coming in this, may list well... Regarding technogreen, i am not holding now, i sold it some days back around 203 levels....there are so many ipos coming so funds needed to buy/apply others so i sold, it gave good results today and 20% UC....
@Anupam singh Your 2% churan reminds me of my school days. We used to buy CHURAN for 2 paise from out side our school gate. Memorable days, with love and affection with school friends. Now the 2 paise changed into 2%. Some thing is better than nothing. Enjoy 2%. 😉
45.3. Safe Bet| Link| Bookmark|
November 7, 2023 4:03:35 PM
Top Contributor (500+ Posts, 100+ Likes)
IMO To Keep the Retail & HNI quota independent would be the only reason. With QIB reservation HNI allotment will not move to retail in case of high o/s in retail. Just a possible guess how this will benefit the promoters I dont know.
Financials ok. Company products have a market share locally. But valuation isnt attractive for asking price with some window dressing. No reason to apply. I will ignore the GMP here. Skipping both SME closing today. Both may not list in discount but better options available in sec market. Besides LM relatively untrustworthy w/o significant history to show.
25-30% GMP was always unreliable in both micropro and baba. None were at good enough valuations to apply. One needs to be careful while depending only on GMP to apply. If you just depend on GMP, u are actually depending on operators to ride the profits. Never a good thing to do.
38.1. lokes| Link| Bookmark|
November 7, 2023 1:55:40 PM
IPO Guru (4400+ Posts, 5100+ Likes)
financials are good here but not confident on big size with more retail portion and QIB 2% didn't go well in past and LM also not experienced/good.... If someone able to sell and apply then that is better, else i feel still some risk can be taken here to apply open also based on its financials , good valuation and business growth/expansion plans... i am apply here open....
38.2. Safe Bet| Link| Bookmark|
November 7, 2023 2:03:01 PM
Top Contributor (500+ Posts, 100+ Likes)
@lokes Thanks for the inputs. No grey access for me so will go open too... Slightly off track business for a listed company but I think would be a nice play for contractual work if mill is planned with latest technology.
38.3. lokes| Link| Bookmark|
November 10, 2023 2:31:44 PM
IPO Guru (4400+ Posts, 5100+ Likes)
Not allotted in any of retail application
38.4. Safe Bet| Link| Bookmark|
November 10, 2023 2:59:27 PM
Top Contributor (500+ Posts, 100+ Likes)
Guys I just read that the government would be selling Flour at ₹27.5 a kg which is close to being net cost on making flour and they’ll be selling it through their channels with the brand name Bharat Atta. If they’re going to go that route then won’t this company basically lose sales and maybe even bear losses in terms of their ebitda.
@Noorul Sir, can you Please help me to sell in grey market ? Can u provide me some contact details ? I can visit the concerned person also, I usually have around 20-25 BHNI to sell in Main Board IPO.
Currently I am using Geojit but there is no option to apply sme ipo via upi or their app/website. Only option is to apply via asba. Can somebody tell me brokers who allows sme ipo application via upi?