Hello Experts, I am totally new to SME IPOs and want to apply for the first time. I have a doubt whether I can sell the shares on listing day or in pre-open market through Kite Zerodha? While applying for IPO the kite is showing Warning message regarding too much low trading volume of SME shares. Are SME shares trading volume too low? What minimum holding time shall I expect then? Please revert your opinion. Thanks.
86.1. Trueinfo| Link| Bookmark|
September 2, 2023 1:19:38 PM
IPO Guru (1800+ Posts, 1700+ Likes)
@Curious Rookie, you can sell on listing day and in preopen through kite zerodha. No issue. No minimum holding time. Yes volume on a normal trading day in SME IPOs is less, unless some event is nearby. Listing day and till few days after listing volume is good. But UC and LC @5% are quite common in SME shares.
Is angle one support buy/sell of SME shares ? Can I apply sme ipo in angel one? And also can I sell alloted SME shares on listing day or in pre open? Please help 🙏
Thank You @Trueinfo sir for the prompt answer. Have a Good Day!!
85. K.Atar| Link| Bookmark|
September 2, 2023 11:08:52 AM
IPO Guru (1000+ Posts, 700+ Likes)
A real 💎 offered at reasonable value.
84. ManishDwiv| Link| Bookmark|
September 2, 2023 8:55:25 AM
Top Contributor (500+ Posts, 200+ Likes)
Expectng 400-450 times subscription in HNI..yaha bas karm karo..fal ki iccha mat karo..mila to bhut acha..Ni laga to aage badho!!
83. M Gupta| Link| Bookmark|
September 2, 2023 7:34:58 AM
IPO Guru (1000+ Posts, 3100+ Likes)
Those having funds around than rs 10lacs per acc should apply in retail category as retail has 35 percent reservation against 15 percent for HNI. Above 15-20 lacs is good for hni Further its better to use funds as under: 1. One retail of basilic 2. One retail of SME of hem sec 3. B HNI of jupiter hospital To get maximum percentage of return
82. 𝐏𝐫𝐨𝐟𝐞𝐬𝐬𝐨𝐫| Link| Bookmark|
September 2, 2023 2:24:45 AM
Top Contributor (500+ Posts, 100+ Likes)
What is the allotment in retail is it lottery or proportionate ??
Thinking to apply 1st time in SME IPO Experts please guide.
82.1. Gujju IPO| Link| Bookmark|
September 2, 2023 8:13:35 AM
Top Contributor (400+ Posts, 200+ Likes)
Hi everyone, This is my first time IPO allotment, can someone guide me how to develop a strategy to maximise ipo allotment chances? do i have to apply as a HNI?
#offtopic Spectrum Talent Management stock rose 13% today. Is there any specific reason? Is this a good opportunity to exit from this stock and reduce the losses?
@IPO VALSAD Hello sir! I have booked some profit in spectrum few weeks, was in need of cash. holding few lots. Current upmove is because of some hni/big firm investing in it. I may be 100% wrong. If delivery and volume is good then u may hold for sometime.
I will post my detailed analysis of spectrum tomorrow on twi... id Sjogi.
This tells u how the distribution is done... Whether application percentage basis ratio to overall offered and surplus given to higher lot size... This detail u can read in chittorgarh itself
79.2. Vaibhavvd| Link| Bookmark|
September 2, 2023 9:49:27 AM
Top Contributor (300 Posts, 100+ Likes)
Bondada ka dekh lijiye , BOA chittorgarh pe available hai, har SME ke liye same hi hai.
79.3. Trueinfo| Link| Bookmark|
September 2, 2023 1:41:12 PM
IPO Guru (1800+ Posts, 1700+ Likes)
@ Mr patel, as advised by others, refer to any BOA of SME IPO. But broadly, we can say anybody applying lots equal to subscription will get one lot. Below that common lottery pool is formed for each lot group. For 700× , say 70 lots applicants will get in the ratio of 70/700 or 1/10. Similarly, 10 lot applications have ratio 10/700 or 1/70. And 100 lots application ratio will be 100/700 or 1/7,means 1 put of 7 will get allotment. Any fraction above 0.5 is rounded to 1 and lower fraction to zero. Hope you got some idea.
79.4. Vaibhavvd| Link| Bookmark|
September 2, 2023 10:14:12 PM
Top Contributor (300 Posts, 100+ Likes)
@Mr patel Basis of allotment for sungarner energy, may be now you clearly understand.
you can sell the shares,but you have to sell all allotted shares (lot).
78.3. Suraj....| Link| Bookmark|
September 2, 2023 2:13:16 PM
Top Contributor (300+ Posts, 100+ Likes)
You can sell in groww after 10 am on listing day and in angel one you can also sell but first you have to activate the POA or you can also sell by calling their customer care executive.
Only 28 Cr worth of shares available for RII and NII...MM and anchor investor almost same worth of shares...remaining category is QIB with peanut portion.... They could have distributed shares for public for free and still milk a fortune ..
I can apply for about 108 lots. What best combination to apply from three accounts as this will have very high volumes? Usually i apply 2 HNI and 1 retail.
Without basis of allotment it is tough say.. but swing to higher lot with no. higher people or very large lot size.. if ur lot size becomes too unique(almost nil chances), there may not be any allotment due to distribution of lots based on percentages
@Kapz Thanks, I guess 106 can throw me out of lottery, so as you told before 51, 51, 6 would be better. Is 55 a safe number for lottery? may try to arrange more funds and make it 110.
@MVP Thanks, I will go for 50 or 51 lots or 55(if I can arrange more funds). will decide on final day
73. Cyclodium| Link| Bookmark|
September 1, 2023 1:57:42 PM
Top Contributor (600+ Posts, 100+ Likes)
I have a doubt why did this ipo come with such a low price It could have set it's price band to 300 or something like that
Why MarketMaker is alloted with 15% as in other IPO have around 5%? I see huge amount of shares by blocked/reserved for MM.
Less for Retail :(
70.1. SONMAYA| Link| Bookmark|
September 1, 2023 8:17:57 PM
IPO Guru (1300+ Posts, 500+ Likes)
All but one can assume for what this thing management has done....maal ghar mein hi hai..... may B this is 1st time in history of SME IPO MARKET MAKER HAS ALLOTMENT OF 10LAKHS + SHARE... SURPRISE ... SO ONE THING IS SURE AFTER LISTING IT WILL FLY MUCH MORE HIGH... JUST ASSUMPTIONS🙏