Cant we as a group make suggestions to sebi ? This is directly beneficial to flippers, operators or whatever you call, Sebi doesn't know this ? or they want to benefit to them only, they take decision by saying beneficial to retailers but last many decisions only beneficial to flippers only
20. abc xyz| Link| Bookmark|
July 4, 2024 2:09:12 PM
IPO Guru (1400+ Posts, 1400+ Likes)
National Stock Exchange on July 4 said it will place an overall capping of 90% over the issue price for SME IPOs during special pre-open session.
"To standardise the opening price discovery/ equilibrium price across exchanges during special pre-open session for initial public offer (IPO) for the SME platform, it has been decided to put an overall capping up to 90% over the issue price for SME IPOs," said NSE in a circular, which will come in force with immediate effect i.e. July 4, 2024.
20.1. MuStrFc| Link| Bookmark|
July 4, 2024 2:19:26 PM
IPO Guru (3100+ Posts, 2400+ Likes)
The background people who inflate prices shall continue to do so in the coming days instead of day 1. This was eventually going to happen since most of the recent SMEs were brought to NSE to take advantage of this.
Now it become highly impossible for small investor to buy in pre open @abc xyz Sir is there any secured way to place buy order at sharp 9:00:00 AM or 10:00:00 AM in pre open
20.3. MuStrFc| Link| Bookmark|
July 4, 2024 2:58:20 PM
IPO Guru (3100+ Posts, 2400+ Likes)
@KBG Without the adequate hardware and software its outright impossible.
Now retailer will buy the same stock on 200% premium but after some days as big player will grab the shares on listing day.
20.6. colcol| Link| Bookmark|
July 5, 2024 2:54:58 PM
Top Contributor (400+ Posts, 100+ Likes)
Very retrograde step. I had hoped BSE would remove the cap to be in line with NSE, but they have gone the other way. This shows an utter ignorance of market realities and practices on the part of those who are supposed to be in charge of protecting the interests of small investors.
This decision will mean that price discovery for hot IPOs will now take days on the NSE as well and will serve the interests of operators with fast connectivity to exchanges at the expense of small investors. Meanwhile, regulators will congratulate themselves on curbing speculation and bubbles.
Ipo me hni category me proportional basis pe allotment hota hai , fir mene 20 lot apply kiya fir bhi muje nahi mila., iska meaning ye hu ki mere jese above 20 lot kafi loko ne apply kiya., isliye muje hni category me allotment nahi mila
I believe, with my limited knowledge, this will have definitely more impact then what we can just predict for now. That impact would be, both, positives and negatives.
To say some, the operators will not be able to trap retailers any more on higher prices on day 1, there will be some stability in share prices by reducing the impact on listing day itself, also there will be some people who will not apply SME IPOs FF (as they used to, considering it MAY GIVE 3x - 2x returns on listing day), etc.
And sir, 90%, any day is not less gain. Even if we consider risk to reward ratio, one can almost double the money, if allotted.
Namaskar pro/ senior memebrs, In my opinion, it should be listed at least 200% premium (or can go upto 300%). Means it is gonna list at price between 550 to 750 Rs. Other members are requested to provide your views. And also At what price, it will be justified to acquire this stock??
Gmp will be atleast 200% ( approx 400Rs)..will list at price 550-600 Rs.. views of seniors are required?? What will be the justified price to enter in this stock??
QUICK Highlights from DRHP *Company has order book of ₹314Cr Approx. *It's subsidiary manufacturing Solar PV modules with annual capacity of 192 MW Waiting for RHP
One big thing i just saw in DRHP Director remuneration of 3 director for last year was 1.7cr for whole year but now it will be 1.5cr per month per director so it will be 54cr for whole year 😳 looks like some mistake in DRHP @rohiitian
5.3. k l patel| Link| Bookmark|
July 5, 2024 12:16:00 AM
IPO Mentor (600+ Posts, 200+ Likes)
there should be some cap on max remuneration to directors or top management by sebi, like this management can easily take away increased profit in the form of salary, and small investors even QIB also get cheated by management.
@KBG Sir does it mean that it has another subsidiary company for solar panel manufacturing business which is also planning to list in market.... And this business is not included in ganesh green? Or all business comes under same roof? Pls clear
@ShivU Bigshare is registrar who is responsible for the lottery and allotment process for your application, and they has the reputation of not giving any allotment to the normal public for good SME IPOs. Here the registrar is kfin, so a positive sign.
@Palka Ji.. Petro carban se jyada subscription nahi hona chaahiye.. Imo..!! Kyonki 3 sme's ke saath saath.. dono main board ipo's ki allotment mai bhi kuch fund stuck ho jayega.. So rotatiin of fund limited ho sakta hai.. dono mainboard ipo's ka timely refund na aana bhi effect karega subscription figure ko.. 9th ko hi refund date hai.. & same day sme's ki closing bhi hai.. !!