People has infused so much money just for the luck game , If could've infused even 10% in the market itself all the already listed IPO's would've not faced the liquidity issue
Shares like DAPS , Vital , Concord...are taking a beating and IPO's are getting subscribed 400-500 times .
MOST OF THE PEOPLE IN THE SHARE MARKET(MIDDLE CLASS, LOWER MIDDLE CLASS, OR MAY BE A BIT HIGHER MIDDLE CLASS). IN THIS, SOME PEOPLES - THERE MAIN SOURCE OF INCOME COMES FROM SHARES TRADING. SOME PEOPLE LIKE ME - INTERESTED IN HANDY PASSIVE INCOME FROM THIS. SOME PEOPLE ARE INVESTOR, AND IT GOES LIKE THAT.
IN EXAMPLE, WHICH YOU MENTIONED DAPS, VITAL, ETC.. ONE KEEPS MIND IS THAT, IF I GET ATLEAST 1 LOT THAN I WILL GET 60,000/- + AS PROFIT. AT ANY GIVEN DAY, IF I GET 60K AS A PASSIVE INCOME I WILL SURELY TAKE IT. I WONT TAKE A RISK IN INVESTING IN A SME IPO WHICH IS ALREADY LISTED.
THIS TREND OF APPLYING SME IPO WITH SUCH HUGE SUBSCRIPTION HAS BEEN STARTED IN A RECENT PAST ONLY. I THINK THE SME IPO BOOM STARTED FROM JAN OR FEB THIS YEAR, BEFORE THAT ALMOST ALL THE IPO LISTED AT PAR AND SUBSCRIBED ALSO AT PAR ONLY.
IF YOU ASK ME, I AM HERE BECAUSE TO GET SOME PASSIVE INCOME.
@ Hitsur - I agree to your Philosophy of taking the risk only with Listing and not with the listed partially,
But also since you mention that people in recent past has started increasing in SME market , some people then I feel will break this thought process & treat it as a different segment of stock market where day trading can be possible.
Even QIB, Mutual fund companies will enter and then the real game will start
You might be correct. But the thing is, when QIB, mutual fund enters in SME with full force. They will surely spoil the running game.
In the recent SME IPO, in some IPO QIB subscription also there, i think in VITAL QIB was there, and they only spolied the game. I have been alloted 1 lot (still holding) expected listing around 190 - 200. Guess what, who spoiled the game its QIB. For me, as i said 60-70k is also a very good income here. If some other SME has alloted to me, than surely i would have sold it on opening day.
I am sharing my experience. I am applying IPO for the past 20years (since i was in 2nd year in college), my first application was Bank of maharastra and my first alloted shares in ipo was TCS. I have not purchased any shares from secondary market and mostly not sold my alloted shares(my portfolio bfor 2008 crash was 12lkh). 2008 market crash all my profit vanished, even invested amount for such a long period also gone. took break from the market. 2016 again started applying in the IPO, no investment in secondary. again 2020 corona market crash. sold all my holdings(all family member) made loss. But, in corona market crash again reinvested first time with huge amount in all blue chip company(not selling any stock) so now i have good portfolio.
still i have tendency to apply IPO and not selling it on time. like PAYTM, CAR trade, policy bazzar, LIC sarovadaya etc. (not sold any shares) again loss is showing some 2.5lk ++ in above. Since than i have decided to sell the alloted IPO, no need to keep. Recent alloted IPOs all sold with good profit(even you can say - i have covered my 2.5lk loss and still made a good profits)
even i tell to newcomers - sold your alloted shares, dontwait for a crash. and no need to keep the shares(which is your profit after selling partly, i think its a dam shit)
Strange but true - subscription in SME:- In 2019, 2020 - Never crossed double digit except once In 2021 - Never crossed tripple digit except once (Vivo). In 2022 - In most of the cases Tripple digit subscription.
@ Hitsur - I agree to your Philosophy of taking the risk only with Listing and not with the listed partially,
But also since you mention that people in recent past has started increasing in SME market , some people then I feel will break this thought process & treat it as a different segment of stock market where day trading can be possible.
Even QIB, Mutual fund companies will enter and then the real game will start
@Noorul, how much subscription are you assuming ? As you are planning to apply for 53 lots - 3 application, and 1 more of someone else !! I can also apply anything between 50-60 lots, so if I am not spoiling your assumptions I can also join. Kindly let me know how much overall subscription are you assuming. Thanks
@ No trade You as well as all applicants have 100% chances till the allotment is declared. Many examples of 1/1 and 0/40 and so on. Be positive and wait for allotment. Nobody can tell your chance. Only Time and Luck. *Man proposes God disposes*.
@Smile sir/ma'am I have already applied by placing cutoff price on Monday. Can I delete that application and reapply by typing 45? Will there be any problem?
86.3. A.A| Link| Bookmark|
November 30, 2022 9:31:21 AM
(200+ Posts)
@ipoavenger, Always use cut-off price in oversubscribed IPO's. U dont have to delete/modify now, it should be fine since u selected cut-off price
86.4. SuneelP| Link| Bookmark|
November 30, 2022 9:32:25 AM
(500+ Posts, 200+ Likes)
@ipoavenger in fixed price IPOs, cut-off price doesnt have any relevance..generally many banks disable cut-off price option in fixed price ipos.
@SuneelP sir, In SBI ASBA Cutoff price is enabled for this Behati issue sir, I chose Cutoff price. Now in dilemma what to do. Delete those applications and Just enter price in new applications or keep those applications as it is?
@A.A I have read in some fixed price IPOs, We have to enter price and not Cutoff. That's why I got doubt. Till 2PM time is there for any modifications.
86.7. SuneelP| Link| Bookmark|
November 30, 2022 11:13:51 AM
(500+ Posts, 200+ Likes)
@ipoavenger: That should not be a problem to select cutoff for fixed price. However, if you have any doubts, please cancel and re-apply. But, pls check if SBI allows and funds will be credited instantly.
86.8. A.A| Link| Bookmark|
November 30, 2022 11:27:21 AM
(200+ Posts)
@ipoavenger, it is fine if you chose cut off price for Baheti in SBI ASBA. I also apply the same way, there are no issues. Even though it is fixed price, SBI still shows 3 bid rows, we just have to select cut off in the first bid row and confirm the application.
@SuneelP Okay sir, I'm keeping my applications as it is. Thank you for your time. @A.A Yes sir, Applied the same way, not deleting or modify my application's. Thank you for your response.
In HDFC ASBA, the cutoff check is already selected and disabled. Cannot uncheck the option. Price modification also not allowed. Never got SME allotment in HDFC Asba though..
All investors have "BAHETI pani me naha liya hai". Nobody seems to be left out. Surprisingly, so much funds have the investors. Enjoy applying in IPOs, irrespective of hope of allotment. This is called "ADDICTION". But not bad.