People betting on annualized EPS (upper side) !! Recent IPOs came after Q4 ended, Management had some rough idea what Q4 results will be. Even after that they placed IPO price exorbitantly. Q4 was bad in most of recent IPOs. Effect of war, inflation, supply chain disruption, US china trade war, post COVID is already here (and will not wait for 2023). Keep all these things in mind before going long in any IPO.
166.2. arunARUN| Link| Bookmark|
June 1, 2022 8:01:34 AM
IPO Guru (2000+ Posts, 1700+ Likes)
@Divya How confident
165. arunARUN| Link| Bookmark|
June 1, 2022 6:44:51 AM
IPO Guru (2000+ Posts, 1700+ Likes)
nearly 50% applications unbanked. Retail part barely oversubscribes. Results in 156 out of 163 allotment in sense of applications. Both SHNI and BHNI undersubscribed As per basis of allotment ad Take necessary action
164. Jetha Lal| Link| Bookmark|
May 31, 2022 11:44:25 PM
IPO Guru (1000+ Posts, 2100+ Likes)
All the very best to all allottees:) Hopefully it will give positive listing ๐ค
According to me ignore all higher valuation ipo and buy in some good fundamentally stocks from secondary market which is nearly 180 days DMA. For eg. I T sector, Pharma Sector. It will earn you good money in long term. Nifty support 16250. If it holds than it will cross 16900.
After sharp correction in IT stocks most of Large IT stocks are trading near 5years average P/E. Valuation becomes attractive.
Strong outlook for the sector but some concern regarding rising rates and global slowdown and some margin pressure due to attrition & talent retention.
Maybe accumulated in staggered manner but don't take over position. I believe banks and financial will lead next leg of rally.
160. Trueinfo| Link| Bookmark|
May 31, 2022 8:09:13 PM
IPO Guru (1900+ Posts, 1700+ Likes)
Expect Listing to be positive. If not, just hold it for 2-3 days. It will turn positive and give 15-20% gain. Not a bad company, that anyone has to rush and sell.
Does anyone know what exactly happened at the last few mins of the drawing session... Why did so many scrips just fell sharply..... Who exited the market and in such massive quantity... If anyone has a plausible explanation I'll greatly appreciate it, to understand things better.
158. Jetha Lal| Link| Bookmark|
May 30, 2022 11:06:38 PM
IPO Guru (1000+ Posts, 2100+ Likes)
New IPO Rule
Bids will not be counted as subscriptions until the required amount is blocked.
The applications in Public Issues shall be processed only after the application monies are blocked in the investorโs bank accounts.
Changes will be effective from September 1, 2022.
Now Merchant bankers won't able to manipulate subscription figures.
Good move by sebi. fake subscriptions should be treated as criminal activity.
158.4. Jetha Lal| Link| Bookmark|
May 31, 2022 12:01:19 AM
IPO Guru (1000+ Posts, 2100+ Likes)
Yes, it will applicable in ASBA as well as UPI. Everything will happen realtime. Really excellent move. Bravo SEBI๐๐๐
158.5. jajo| Link| Bookmark|
May 31, 2022 12:39:07 AM
Top Contributor (300+ Posts, 200+ Likes)
@Jetha Lal Ji, thanks for giving this information for the attention of forum members. I would say one of the best decisions taken by SEBI for the interest of investors. Fake and manipulative subscriptions will be checked and investors will come to know the real subscription figures. Well done SEBI !
I think it's only ASBA for now Upi they havnt mentioned anything specifically.
I think they might need to have seperate rules for UPI because of the nature of UPI where there are multiple parties involved like upi app, bank, stock exchange sending notification to respective upi handle.
158.7. Trueinfo| Link| Bookmark|
May 31, 2022 7:30:05 AM
IPO Guru (1900+ Posts, 1700+ Likes)
UPI mode has not been clarified. That also affects final subscription figures.
158.8. Jetha Lal| Link| Bookmark|
May 31, 2022 11:09:03 AM
IPO Guru (1000+ Posts, 2100+ Likes)
Point No. 6 says: The circular shall be applicable to all categories of investor and also from all modes through which applications are processed. I think this point includes UPI too.
158.9. Bhav| Link| Bookmark|
May 31, 2022 11:37:42 AM
Top Contributor (400+ Posts, 100+ Likes)
Technically UPI is also a part of ASBA, just they were giving facility to decide till next day, so upi also will be affected , how new upi process works we will have to see,
As it clearly mentions that if your amount is blocked than only your application will be accepted by sebi whichever mode you apply
Besides the Merchant Bankers being unable to manipulate the subscription figures, I am of the opinion that the applicants using UPI will not be having the leverage to accept the UPI mandate by next day 12 Noon.
I hope UPI will be allowed till 4:30 PM / 5 PM. Anything beyond 4PM is good for retailor as we are observing a spike in subscription from 3 to 4 pm even though most of banks are allowing only up to 3PM.
158.12. Jetha Lal| Link| Bookmark|
May 31, 2022 6:08:16 PM
IPO Guru (1000+ Posts, 2100+ Likes)
158.13. Bhav| Link| Bookmark|
May 31, 2022 6:54:20 PM
Top Contributor (400+ Posts, 100+ Likes)
i think this new rule is all about UPI, as in normal bank ASBA , money is blocked and even if you dont have money in your account at that time, applicaton will not go through , only in UPI money is not blocked instantly, so in new rule sebi want to stop misuse of UPI. Otherwise normal ASBA money blocking is instant.