Deepak Chemtex Limited IPO Message Board (Page 6)

Hello everyone and experts

From today onwards
3rd party applications are allowed or not ???

Any clarity ??

​@NewAgeInvestor It depends on from which holder, you have activated netbanking and applying.

This is the SMS received from Bank about Third-Party application:

"As per SEBI guideline, for applying ASBA, your PAN mentioned in the application should match with the PAN linked to your Bank account. Please link your PAN with your Bank account before 01.12.2023 to avoid Rejection of ASBA application on Third Party ground-"

Thanks @courser, so that means if I have 3 joint account holders for the same SBI savings account, I can only apply for the account holder which is primary (My guess is that the netbanking is activated for primary account holder) and can't apply for other joint account holders? I wonder why SBI would even let third party applications to be applied from their portal anymore...

Clearly, an IPO frenzy is on. Especially in the SME segment.

No one is interested in reading the RHP. Everyone just wants to know "what is the GMP?" or just ask the influencers "should we subscribe to this IPO?"

When IPO's are getting subscribed 400x/500x, every IPO will sail through as just 1x subscription is required. Get ready from junk SME ipo's which will all be lapped up by risk taking/GMP following investors.

When and how will this frenzy end? No one has an idea. But it will surely get over some day.

And by the way, the world is also noticing our IPO boom.

Article by The Economist:

https://www.economist.com/business/2023/11/09/india-is-in-the-midst-of-an-unusual-ipo-boom

You are absolutely right bro 🙏👏

Who cares?? @Serious long term investor 
Everyone here is for making money...
Paisa banao jab jak ban rha hai...

GMP doubled
65

Is big share released allotement on any Saturday earlier?

Possible
When there is will there is way

​@SUNKARI SUJITH KUMAR 
No possibility...

Why not T+1 day allotment?

T+3 day listing?

It may follow T+3

I am hopeful that allotment will be t+1 day though it is not mandatory for the registrar to comply it. Let's see

GMP 65 🚀
S2 1 lacs

🙏

Deepak Chemtex IPO,
10 Retail apps

4 Retail applications

Deepak Chemtex IPO,
0 allotment in this one

@KAMMA SIVA RAMA KRISHNA 
Your wishes worked in AMIC, thanks again.
Best of luck to you too...

@ShubhamSejpalRajkot/Mumbai  and @RJ Rocks 
Best of luck to both of you too

it's 5.30 now and canara bank is still showing both the IPOs closing today. is this some error or what?

25 lot 3 application any one apply 25 lot

Nitin Oswal ji,
God blesses you with great allotments n good profits.

Applied with 7 lots, anyone joining ?

​@Basuvr Sir, I think you are talking about NII category, not retail category. Am I right Sir ?

​@Sharvam You are right, however more number of applications means more number of shares allotted to that lot Category. So, more the merrier.

Just see the GMP given by C G at 15.59 above. Rocket speed from 39, 48.75% to 65, 81.25% a jump of Rs. 26 after the great subscription figures. Now 430 times. Very difficult allotment.

Best of luck to all who applied.

Plz guide me, what shall I do ?, I have fund for 66 lot and 10 demat account. 33 lot in 2 demat account or 22 lot in 3 demat account.

4 application of 15 lots
6 retail.

Experts,

Please guide me.

If I have money for one lot only for either Deepak or AMIC.
Which should I apply?

Thanks in advance

Deepak

Applied here. Join me with 20 lots.

​@AAvi I do not understand logic and how did you arrive for 12 lots in case of 400X. You may please explain so that CG members will figure in during application. I applied for 13 lots yesterday as i am not aware of this logic.

Always go for the lots in multiple of 5 - 5,10, 15, 20, 25 etc.. You will have enough applicants.

Although late i posting this message, but it might help last minute applicants to make a decision:
Positives:
1. Net Profit and Current ratio are in comfortable zone of 12-14% and 2-2.5:1 respectiverly.
2. The PE ratio of the company at 15 looks decent in comparison to its listed peers like Vidhi and Vipul which commands PE more than 50.
3. The main expenditure of the company is on CAPEX and Investment in Subsidiary.
4. LM has a good track record of average 50% listing gain in past few years
5. Cash Flow from operations has always been in positive in last 3 years.
6. Capacity utilization on an average has been more than 78% in last 3 years.

Negatives:
1. The revenue has fallen for the last 2 years but PAT has increased year only.
2. Mostly reliant upon export and major customer(more than 50%).

Dynemic products and Vidhi are direct peers of this company. Was holding Dynemic products but disposed of because of back to back 2 bad quarters

I applied 1 retail application through
Zerodha and i got mandate also but while approving authorization it got failed when I checked my account i noticed there is little short of funds. Please any member guide me Should i apply through my SBI account.
Should not it will consider multi applications and get rejected.

@ervrsn, Basuvr> Thank you very much for enlighten

First delete ur application and apply new one

Applied for 10 lots (BHNI)

Since it has been oversubscribed around 325 times so I have decided to send one retail application with full force(FF). Now I will see how my application is not considered. Result may be anything but my application will be considered

Can I apply for 5 lots with same PAN , Or 1 Lot with 1 PAN please clear

You can do 1 application with 1 PAN irrespective of lot size.

Retail allotment in SMEs is purely on lottery basis. Right ?

Correct