I strongly suggest to watch the price movement on listing date. Definitely it will go up and if it comes down and gets a closing on 5 minutes basis under the opening value, then definitely sell. Otherwise hold with opening day high as SL. This is what I am following for IPOs..
I would suggest you to hold it for some time seeing the market uptrend. Also the financial conditions of the company look good. The market sentiments are very loose on the listing date and I would strongly suggest you to hold the shares for some time.
@James I applied on last day morning at 10.10am In most of cases when l applied on last day got allotment. But l don't think that the timing matters. It's only on lottery based.
@Mercyless No allotment for me since the past 03 years. Except for loss making propositions like LIC. I'm thinking about giving up. Better to move the money to fixed income.
the basis of allotment in HNI category is based on proportionate basis . Cyient DLM IPO was subscribed 47.75 times in HNI category and I applied for 52 lots . However, I am not allotted even a single lot. What could be the reason behind this?