Even i am😬 very much tempted to apply this ipo because of the discounted price but i wanted to tell some information which may be useful to you. Right now the no of shares = 42 lakhs (approx) Free float, ie shares with public =12lakhs (approx) With this fpo the free float will become double = 24lakhs and that too intention of all fpo holders will be like to sell and make profit which increases the supply manifold from now. Right now price is 221 ,scenario-1(S1) if the price hits upper circuit (5%) for two days 243 or if it stable (S2)(221) or worst case two down circuits (200)(S3)which won't happen because ipo is going 😬 on. After this ipo close date we all have 5 working days till it list. The worst case scenario and which i believe will happen 🤣 ( is 6days lower circuit assuming the open day also lower circuit) In s1 - 170 approx(just multiply six days with 5%) In S2 - 155 approx ("") In S3 - 140 approx ("") 😬But God only knows what will happen after that due to the enormous supply this stock will have. If this was ofs i would have simply avoided irrespective of the calculation because i had a bad experience with car trade.
Seeing above ,i somewhat got convinced to apply but i will decide only on the basis of last day subscription After 3pm And i heard from a member of this forum (GJ) a superb information that we can apply through Edelweiss as a guest through upi. i am going to try this time with Edelweiss because zerodha doesn't show this ipo. i am taking this risk solely because i have good unrealised profit in nupur and ab cotspin. decide according to your risk appetite and if this is going to be your first sme then i would suggest you to wait for better coming IPOs than investing here.
I saw that fpo and its current price. it has drastically fallen but i want to apply in this fpo only because of this discounted price and not financials. I also intend to sell on listing (if possible , because there would be lot of sellers) and not holding.
Difference in that fpo And this one 1.subscription (will definitely vary) 2.discounted price For madhav copper 10 rs discount (8%) For dj 100 rs discount as on today (which constitutes 44%).
I know this fpo is extremely danger because of the supply it will have and there can be also chances were i will not be able to sell even if it goes fpo price.
Thanks for your view sir. it is an honor that you have read my message.
12.4. lokes| Link| Bookmark|
January 18, 2022 3:13:37 PM
IPO Guru (4400+ Posts, 5100+ Likes)
@arca: good points.... and good you mentioned this line so that others can take informed decision : "i am taking this risk solely because i have good unrealized profit in nupur and ab cotspin. " I am not applying here simply to avoid risk of stucking, price difference is there but that difference is created in last 1 month only , price more than doubled in last 1 month as they were bringing ipo so same way it can come back there and anyways i don't take much risk in sme's.
@Spock No idea about nii subscription figures but i expect a overall good subscription figure .if it comes i will apply or else I will skip like others.
@Arca, Thanks you mentioned, I also just noticed that I was promoted to next level. Although it has nothing to do with my expertise/knowledge increasing with it or not.
I posted my views separately in a new thread, but would recommend to take decision based on your risk appetite. I will be applying 1 lot (max 2).
Other experts are more knowledgeable and correct ones to suggest on this. I am still learning.
Stock price seems extremely manipulated. looks like a trap for retail. for those who are considering inesting, atleast look at its daily volume and buy/sell orders today
6.1. anantagg| Link| Bookmark|
January 13, 2022 10:26:57 PM
Top Contributor (200+ Posts, 200+ Likes)
All three are over valued. I wont apply in any of them.
6.2. Arca| Link| Bookmark|
January 14, 2022 12:48:55 AM
(1000+ Posts, 500+ Likes)
Dj & Precision I feel over priced and the price is also rigged for dj ,But then if will decide dj based on subscription. Alkosign financials are looking good to me but i don''t have industry expertise so waiting for dilip sir review.
After good listing of recent few SME IPOs, now promoters getting greedy here as well (like some Main board IPOs). All these looks overpriced and not attracting much. But will decide on the subscription figures as those also matters.
6.5. lokes| Link| Bookmark|
January 17, 2022 10:07:09 PM
IPO Guru (4400+ Posts, 5100+ Likes)
i am not applying in this one and alkosign limited. Will apply in precision metaliks only.
Current market price of share of this company is trading at Rs.197 so chances of listing is at cmp which later will come down at Rs.177.57. I might be wrong but observed so
1. Venkatram| Link| Bookmark|
January 13, 2022 10:06:52 AM
Top Contributor (300+ Posts, 100+ Likes)
First SME IPO of the year 2022, need to wait for the review to check if it is any good.
13.1. eVA| Link| Bookmark|
January 13, 2022 10:11:03 AM
IPO Guru (1300+ Posts, 2000+ Likes)
This is FPO, The company is already listed. share price claimed more than 3 times in last 6 months.
13.2. eVA| Link| Bookmark|
January 13, 2022 10:16:03 AM
IPO Guru (1300+ Posts, 2000+ Likes)