If you have holding capacity hold it for a long term for a year or two. It will be a multibagger for sure. Majestic Market Research Support Services Ltd (MMRSSL) is the promoter of the company which is also the promoter of MRSS. MRSS was issued at 12.75 two years back and today trading at 250 after issuing bonus of 1:1, i. e. Effective price of 500 plus a whopping 40 x return in 2 years
Eco Friendly Food Processing Park, Esteem Bio Organic Food Processing, Channel Nine Entertainment and HPC Biosciences all these sme companies dancing stories are over and many investors lost money in price rigging ....it states very cleary by outlookbusiness.....
Hello Boarders - I lost money in Jhandewala Foods - 250 times oversubscribed - bought at Rs 85 on the 3rd day - issue price Rs 55/- within 1 month - ML 2000 - it is available for issue price and below issue price cmp Rs 56/- becareful on Focu Suits the lot szie is 8000 and middle class people cannot afford to block in one scrip for Rs 2,40,000 to Rs 3,50,000.
Do not go by number of times of Over Subscription - are called Jimmicks upto basis of allotment, Pl read fundamentals go by fundamentals
Hi, One needs to b very careful.I am sharing a link on sme ipos.it givesan insight as to how new investors lose https://www.outlookbusiness.com/the-big-story/lead-story/a-lot-of-hot-air-1563 in small smd ipos. Worth reading
72.1. Huzefa| Link| Bookmark|
February 6, 2018 9:02:09 PM
Top Contributor (300+ Posts, 200+ Likes)
Umang, even i got no allotment. Since market has corrected, it is good time to buy good stocks from secondary market instead of blocking money in ipos.
Hi jevish, If you have very long term horizon then try buy focus below 33/35 range. For short-term say 3 months cadsys is better. For focus after 3 UC (I am expecting), it will consolidate for 1/2 quaters, & you are buying at almost double to issue price so price appreciation won''t be there for short term.
72.5. Johny| Link| Bookmark|
February 16, 2018 9:30:50 AM
IPO Mentor (800+ Posts, 1000+ Likes)
@Umang - Today is out of circuit available around 36 levels. Is it worth investing?
as listed their Promoter company "Majestic Research Services & Solutions Ltd" in 2015 and turns multiple 60 times approx (After Bonus in ratio 1:1) of issue price on date.
Good Evening Sir/Madam, I am not allotted any Shares. Though I am happy that I was not allotted Galaxy Surfactant shares, I was little disappointed this time as I am not getting any allotment for a single ipo despite applying for more than 8 IPO''s during last 6 months. can someone explain the reason why?
Good company and I see a clear cut 1st UC BUT... 1. It may come down after 1st UC as market is not favorable for SMEs and Small-Mid caps .... SO DONT BUY AT FIRST UC... 2. IF you''ve got allotment then DONT SELL at first UC... Keep it for a few months for better returns..Keep issue price as Stop Loss.