btw LE MERITE is exporting to EUROPE and due to war / cold.........not only demand came down but also heavy freight charges did affect the business too.
CHAMAN story is different, its in SPONGE IRON and this commodity price is going up and no slowdown in near future. Balance sheet is strong and management is experienced.
BINDASS buy at lower level.
IF PEOPLE INVEST IN "DUCOL" at 78.......tha CHAMAN to "100" WORTH hai hi.
410. Trueinfo| Link| Bookmark|
January 16, 2023 6:25:14 AM
IPO Guru (1800+ Posts, 1700+ Likes)
Astonished to see lot of buying intent in preopen. Hardly anyone tells about selling in preopen or on first day. So undoubtedly, the listing can be super bumper. One caution to novices jumping in the fray to buy in preopen is to consider who will buy on third day when all fresh buyers will be eligible to sell. Will it go the Anlon way? Whatever the fundamentals, the urge of profit booking is always there. Do you have the capacity to hold longer for further results? Three to six months? And what's the guarantee of spectacular results. Moreover in share market, we always say, beware of herd mentality. When novices and fresh retailers enter the share market, it's time to sell and go away on Holidays. I see similar signs here. May be wrong, but worth giving a thought. Reminds me of Rel power type of euphoria!!! People with limited funds may exercise caution. Big money losses hurt a lot.
410.1. SSingh| Link| Bookmark|
January 16, 2023 6:54:08 AM
IPO Guru (1400+ Posts, 800+ Likes)
Same thoughts… aptly said! 👍
410.2. Imhilli| Link| Bookmark|
January 16, 2023 7:04:24 AM
IPO Guru (1200+ Posts, 700+ Likes)
Shuno sabki, karo manki 😄
410.3. ipo share| Link| Bookmark|
January 16, 2023 7:27:38 AM
IPO Guru (1500+ Posts, 700+ Likes)
@True Info Well said.
410.4. Trueinfo| Link| Bookmark|
January 16, 2023 7:58:09 AM
IPO Guru (1800+ Posts, 1700+ Likes)
My experience tells that sustainable UCs beyond third day happens only in shares, where listing is much below expectations (GMP). Euphoric stocks with super duper listing tend to fizzle out.
410.5. Trueinfo| Link| Bookmark|
January 16, 2023 9:07:51 AM
IPO Guru (1800+ Posts, 1700+ Likes)
LC on. It's tough for enthusiastic buyers in pre open.
@True info sir, i was following the Chittorgarh forum very keenly before the listing. And read your post regarding Chaman Ipo. Your post helped me a lot in making a final decision to sell. Thankyou. Just after i sold all the buyers vanished ;)
410.7. ipo share| Link| Bookmark|
January 16, 2023 10:09:24 AM
IPO Guru (1500+ Posts, 700+ Likes)
@Trueinfo I didn't get allotment and also didn't try to buy after reading your post. Nice one. Your prediction was spot on. Now a days overconfidence is taking over rationale thinking. 👍🙏
Upcoming ipos' are going to be affected by LC in Chaman & Anlon. Everyone had become over optimistic with PNGS & Droneacharya non-stop UCs' ( including myself). All those who sold on listing felt fomo by selling in a hurry.
Ducol listing will be the one to watch out for. It's Pre-open would be interesting.
@SSingh sir, are you holding or sold in pre-open? Is the sentiment negative for Chaman Metallics?
399.4. SSingh| Link| Bookmark|
January 16, 2023 8:57:11 AM
IPO Guru (1400+ Posts, 800+ Likes)
My order was placed at Rs. 75 after modifications from the initial order of Rs. 90. Currently in the office so didn't get time to modify it. Will hold now and will decide by today's EOD after getting the volumes around 3:00 PM. Might consider buying a lot if hits LC and volume crosses 40L. Let's see.
399.5. SSingh| Link| Bookmark|
January 16, 2023 8:58:41 AM
IPO Guru (1400+ Posts, 800+ Likes)
I'm holding as my analysis is purely based on sector analysis, volumes, issue size and price movement. People trolled me for when I shared my analysis yesterday. Hope they have bought in preopen as they wanted to list around Rs. 70. :)
Good listing. On higher side. Now going down. More sellers than buyers. Difficult in today's market to say anything. CG was also showing more than 75% listing gain and listed at 79%. In present conditions who sold are winners.