Diensten Tech Limited IPO Message Board (Page 1)

🤣🤣🤣 Sahi pakda bhai @Diligent IPO Learner

🙏🙏 Lucky few like ourselves who got it out of nowhere @Diligent IPO Learner 

More so it hampers its steam to move up, if there was left any.😜😂

Dienstine will be etched forever in the record books, along with Graphisads SME (which was last T+6 listing)
@Diligent IPO Learner @MuStrFc - I'm sure both of you will remember, Dienstine for lifetime now :)

Its getting interesting and hard to forget more so after today when seeing the following name appear in deals 🙄 :

04 JUL 2024
SELVAMURTHY AKILANDESWARI
BUY
42,000 SHARES
₹263.65

​@Diligent IPO Learner @GrayIsTheNewBlack

​@MuStrFc Well well :) This is beyond rational understanding now.

The financial results for the full year will surely clear the air :)

Well if your remember Owais, it was Manickam sir who played a pivotal rule in pushing the listing price to 250 (IPO price-87). The company soon came out with getting regulatory approvals for mining of some critical minerals (thereby monopolised with Owais) and then something related to gold mining.

These points were not put out on the RHP. Clearly Manickam sir and other big HNI investors already had this info and hence were comfortable to pay even 250 on listing.

The stock has zoomed to 1000 approx and given a 12x-15x returns on IPO price

Let's see what's in store for this :)

But to be honest this looks like a very weak business.

​@MuStrFc 
One person from my known has also bought few lots, I don't know if he has any inside information.
Could turn out be like Owais like @Diligent IPO Learner said or could go down, at this point predicting is as good as toss of a coin.
Maybe worth holding for some more time with a strict SL, thereby encashing on swift upmove (if any) or getting out with some minimal damage.

Btw, he bought DURLAX as well today.
Most of the flippers have sold DURLAX today.

​@GrayIsTheNewBlack @Diligent IPO Learner 

To add to it, and if observed as some sort of buying pattern, he also bought Piotex and quantity was close to DTL stake. Later it turned out to be a trade bet which he exited at loss and confirmed

Plus, he mentioned specifically buying Durlax with rationale but nothing for Dienstein, so maybe that signals something. Lets see.

Dear all, and @MuStrFc 
After long time, I am happy to post in CG.

Piotex bought because of Beeline track record was good and but was not performing, needed fund for some commitments and booked loss.

Durlax, i mentioned in X that I bought due to its unique business, leader in the business with decent valuation

Dienstein, I bought today only after seeing the bulk deals and knowing promotor name. Its risky, but I took gamble. I dont have any other info. (hence I did not write anything in X)

Many people in CG who knows me that I used to buy big and take risks with out correct rationale also. (Owais Metal also falls in this category)

Thanks

D: View above is personal. not any recommendation. DYDD

Welcome back and thanks a lot for sharing your insights Sir.
​@MRavichandran

​@MRavichandran Good to see you after a long time on Cg. Thanks for the heads up and clearing the doubts.

Oh wow never expected @MRavichandran sir to reply. Great to learn from you sir :)

Allotted one here in meagre applications put by looking at subscriptions at last moment. Hope it actually sustains till listing.

Any allotment for you guys?
@GrayIsTheNewBlack @rohiitian @Manan Surana

Nothing from my 1 retail app

But will follow this keenly. Will it become like Gabriel Pet Straps? GMP was 15, shot up to 50 after huge subscription surprised everyone (due to no competing IPO), final listing was at 15 only :p @MuStrFc

​@MuStrFc - Congratulations brother, sell in grey market if you have access. Unless you are sure that GMP would really translate into listing.
I didn't have courage to apply in this one, had already burnt hands in another low quality Vishwas Agri SME (net loss 70k)
Was just having fun looking at subscription figures.

​@GrayIsTheNewBlack Yes still remember how you got excess allotment in Vishwas. I too had one lot alloted in that crap. Sold after 1 month of listing at -10k.

Allotted here one lot. Let's hope for the best :)

To be honest, Vishwas looked quite good at the time of IPO in terms of valuations (PE). Hence I held it till results. But then results were as crap as share performance and I exited.

Then did I understand why the stock had unperformed throughout since listing. In hindsight, should have sold it on listing with a loss.

underperformed*

Thanks. I do not have access to grey so that's out of the question. But even without it, i think its all part of it, be it listing gains or loss that come with the application made, which is why i prefer retail application when there is uncertainty. No issues in holding for a while if that turns out to be a remote possibility. @GrayIsTheNewBlack 

Vishwas agri was also such, disappointing listing and then sliding lower but eventually i exited recovering listing losses and some more due to a contra trade on it. Company has some known products on field but due to the cyclical nature, H2 results were as expected on that lines. @Diligent IPO Learner 

Sharp Chucks, Greenchef Appliances were also on those similar lines of last minute subscription bump but poor listing. Since not much is known, can only hope it turns out well @rohiitian

1/7 retail here sir @GrayIsTheNewBlack

​@MuStrFc The word I'm hearing is GMP might well sustain and listing could be well beyond GMP.
All the best for blockbuster listing 🎉

​@Manan Surana Congratulations & all the best to you too 🎉

Gmp 65..

Thanks for the valuable updates.@GrayIsTheNewBlack @Udayk 

आप दोनों के मुँह में घी - शक्कर !! 🙏🙏

Ye 🚀 ho raha hai @MuStrFc

Hope so Vraj also joins the 🚀 party from your end @rohiitian

Yup @rohiitian wishing the very best to you for Vraj💯✨:)

No party from Vraj, full party from Deinsten :P

Congratulations! @MuStrFc @Diligent IPO Learner

Thanks @rohiitian Exited from Diensten :)

Wonder who bought it at that price and why? Surely insider info?

Something like Owais?
​@MuStrFc what have you done?

This was so out of syllabus, some SMEs just spring up unimaginable listings 😄

Enjoy the profit guys, better to book and get out now as chances of buyer volume drying up post listing is high.
​@MuStrFc @Diligent IPO Learner @Manan Surana

Thanks @GrayIsTheNewBlack @rohiitian 

Currently holding, will likely exit after 10 am.  @Diligent IPO Learner

​@GrayIsTheNewBlack yup exactly.
Unimaginable listing :) Exited👍🤞

​@rohiitian - These kind of listings infact plays more into the hands of LMs & promotors looking to come up with an IPO.
With an outside chance of blockbuster listing, any company (even if junk) may now come with an IPO with confidence that it will get oversubscribed even without pouring any money into the grey market.
Fun times ahead for SMEs :)
Thinking of talking to the grocery shop owner near to my house, if he's interested in bringing IPO of his shop ;)

​@GrayIsTheNewBlack 🤣🤣

Ask him to rename his shop Solar Fruits & Vegetables, and make sure we all get placement in pre-IPO 😛

Further irony would be if it keeps on hitting UCs in the coming days, more info on that available in evening through bulk deals. That's why markets and now especially SME markets are bull darlings, anything thats "IPOable" becomes a money printing machine
​@rohiitian 
​@GrayIsTheNewBlack

See coincidence......BOTH IPOS...
WHICH ARE LISTED TODAY MAIN LINE AND SME BOTH ARE LOCKED IN... UC ...BUYER AT RS 252/

​@rohiitian To what point are you planning to hold Aimtron ?
Just moving too quickly for my liking now, valuation comfort compared to peers isn't there anymore.
One fine day AK will come cash out on ~32 Cr profit he's sitting on.
I know the sector has tailwind but definitely cannot grow at 5% CDGR (compunded daily growth rate 🤑)

​@MuStrFc @GrayIsTheNewBlack @rohiitian 

2 flippers and 2 decent guys have made an entry