Gayatri Rubbers and Chemicals Limited IPO Message Board (Page 1)

GMP not improving inspite of record subscription

GMP still not declared

Just read Davda Sir's review thesis . Found it wrong and ignorant on many fronts.
This company has no listed peers. Only recognised name in this sector now. Currently company is at 20-25% capacity utilisation. It will increase now as company has become popular and reliable after listing on NSE Emerge. We can call it monopoly company in listed market. PE of 20 odd levels is very reasonable for a company with no listed peer. Auto industry is growing and their products demand is bound to grow. Davda Sir raised questions on aggressive sales in last 21 months. Well before that every company was struggling from Covid so sales definitely are going to be low. After covid company recovered so quickly. Promoters are first generation and young as well experienced. I can't believe someone like Davda Sir will just look at PE and some trivial factors to call it pricey issue. While analysing a company we look at multiple factors and not just PE. If by looking PE/ratios we can decide valuations then all CAs would be millionare. Who said small equity base has hard time to move to mainboard? This is not a criteria. Moreover we invest in a company because it is good, not because it is on mainboard or not. Very vague analysis and statement by Davda Sir. In Q3 company inventory is high so they delivered good(not execptional) PAT. Their could be many reasons for high inventory like raw material purchase etc. Company has been consistently growing with reducing debt. Company has its own factory as well. Website looks good and informative. Always do proper self analysis and never listen to these analysts is what I have learnt so far. No wonder GRCL is doing well while other highly subscribed SMEs are underperforming.

Disc : Invested for long term and biased.

Davda Sir told to avoid this. Looks like noone is avoiding this except Davda Sir. I will never listen to Davda sir from now on.

Got 1 allotment against my 52 lots application.

LC to UC today. Davda sir please tell what should we do now? Should we buy tomorrow?

Circuit broke today for some time. Now too less buyers. Anytime LC possible

When will its circuit limit be changed?

On 21st Feb ie 11th day

I listened to Davda sir and sold early. Now what should I do? I am a newbie in market. I want to buy again and not getting this share. Someone please suggest what should I do?

Why I am not still seeing my shares in demat which bought on 02/07? supposed to be credited today right?

@WealthyRam.
Interesting case to read... anyway it made good to you... congrats and you are ahead of one UC in this counter, for others, this 44rs level may come Monday if the UC sustain (currently strong buying interest is seen for this small sized IPO).
The reason for this short fall, might be something like Upstox issue with Alletec listing day case...., many people affected due to problem of upstox, may be your case also might be similar (other selling counter party's trading platform technical glitch).
The other reason could be, due to ignorance, one might put sale order from different Demat acc than the one in which he was allotted actually and later his position is considered as short sell and recovered by broker in auction.
In neither of cases, I dont have any exp. just giving a thought..

Hi sprint - dont know how to react to this - I do not see this transaction tracked anywhere like not in my TAX break up either that ICICI provides (hoping no tax on it!). In a way happy with ~28K profit for now - one less headache besides chaman RBM & AllE holdings.

Tomorrow it will open with UC and then go to LC. People are moving to Earthsthal. That will give better returns than this. Davda Sir can not be wrong.

Bhai aaj dinbhar LC ka wait Kiya ma 🤣

Remember what Davda sir said. Company is being pumped up due to low float. Anytime LC can start. Be alert. I have sold my 1 lot today. Take decision wisely.

512000 shares already traded till now (1/3 of total shares)....so it is good going...congratulation to all who got allotment.

Now total traded 572000 and 440000 buyer standing at 36.75.

Hi JaiShriKrishna - at the UC, silently more than 2 lakh shares traded - assuming someone big accumulating and good for share as well? - how do you see this experts?

And people including Dilip gave avoid rating. Probably low float and price helped this IPO.

Sold GRCL and entering EARTH

Missing our senior members in this forum....😔

Good listing than expected. Now upper circuit with good demand. 36.75.
Congratulations to all who got an allotment.

Bought one

Great arca

As per noorul sir strategy will hold...

Preopen 35

Congratulations to all the alloted members good listing after 3 bad listing

Should anyone plan for buy gayatri in preopen?

Wow solid opening in pre open.... buyers are more than sellers....