I want to share two sme IPO details which are peers of DP Wire. 1. Ipo Steel City Securities offer price was 55 listed at 55 on 17feb2017and now trading at 138 level 2.Ipo Madhav Copper offer price was 81 listed at 90.50 on 6 Feb 2017 and now trading at 328 level. These two examples u yourself can analyse and take decision.
Today big investors have entered.check nse website. 2 lakh shares bought.keep holding thus gem and will reward long term holders.hni are betting in this stock
QIB and NII applied for 44 lacs share against their quota 17.50 lacs. Retail applied for 12 lacs share got full allotment. So this is why share price is not moving. There is some fear in retailer. Once loose hands out in 8 to 10 days it''s will start journey up ward. keep confident, nothing to worry. It is available at very cheap price.
As per technical observations, very less volumes on next day of listing, its indicate negative for stock...it may be down upto 60 and will down further if volume not seen on stock....so don''t enter into this stock at least for a week.....or 15 days...
hold this gem. they have nig customer among its client there is a history of wire stocks stay at around issue price and then started moving higher. remember bharat wires it came at 45 rs ipo went below issue price and hit lower circuit on listing and now is 93 rs which is double issue price
bharat wires is trading at 60 p/e vs 18 p/e of dp wires. dp wires have better financial as well buy this stock . once the sellers will exhaust it will start upward journey soon.
DPW is continuously serving top companies like Hindalco Industries Ltd (Aditya Birla group), Reliance Industries Ltd., APCO Infratech Ltd. and some of the leaders in the engineering and construction industry like Gannon Dunkerley & Co. Ltd., Larsen & Toubro Ltd., Navyuga Engg Co. Ltd., U.P. State Bridge Corporation Ltd., MM Auto Industries Ltd., Simplex Infrastructures Limited, Reliance Infrastructure Limited, Vascon Engineers Limited, Coventry Coit-O-Matic (Hr) Ltd. and many more.
DPW is continuously serving top companies like Hindalco Industries Ltd (Aditya Birla group), Reliance Industries Ltd., APCO Infratech Ltd. and some of the leaders in the engineering and construction industry like Gannon Dunkerley & Co. Ltd., Larsen & Toubro Ltd., Navyuga Engg Co. Ltd., U.P. State Bridge Corporation Ltd., MM Auto Industries Ltd., Simplex Infrastructures Limited, Reliance Infrastructure Limited, Vascon Engineers Limited, Coventry Coit-O-Matic (Hr) Ltd. and many more.
Technically showing weak today, no any upmove showing, may be go down more than 60 rs in next week. Much lesser volumes on very next day of listing may be crack more than expect...
Yesterday stock did not sustained at lower level.It was bounce back from 60 level to 75 level 25%increase in just one hour shows its strength. Now it is less probable to go below 69 level. So hold the stock for atleast 4 to 5days to monitor this.
As per my observation, Lead manager only hold price of issue price Rs. 75, but once they didn''t do it, it may be go down again but not too much may be around 70 Rs. better to exit now and if want it then later to enter into it.
Check Meera industries issue price at 36 went to 30 rs for few days, once all weak hands out of stock . it rallied to 130 rs. stop your negative thoughts if you have not purchased as a long term investors it will give gains.
anyway you can keep holding sbi insurance which would not move for years
Dear STOCKT... I apply most IPOs only for listing gain, and for SBI, i already exit on 727 as expected. and for long term my personal holding on IPOs as on Apex, Cochi, Hudco 1 lot each.. nothing more than 1 Lot... and as much more risk on SME IPOs - so sell on listing days only if alloted as less chance on allotment on good IPOs. will never go for long term on SMEs IPOs.
Some reason is to be given for selling the share at 75 .Just for reason one has exited he cannot recommend others also to exit.Just see the performance of co ,its market and profitability and then decide whether one should exit or not.
I think there was some manipulation done hammering down to 60 level, seller pack. But again it was rewarded to 75 level. We must weight for 4 to five days for settle down the dust. If goes below 69 we must have to exit.
Chips bechne wali company 400 rupayee premium par aa rahi hai.aur steel business is trying to struggle forissue price. This is due to wrong perception of layman who is driven by grey market and does not look in fundamentals .D P wires is good for short term also. Don''t panic and sell it in loss.