Global Pet Industries Limited IPO Message Board (Page 2)

@MRavichandran 

How many lots added by you?.

Hopefully quarter 4 results will be good.
Company,financials, sector Everything is good.
Will hold my lots.

Shreni is Ravi Sir's close to ❤. Won't be surprised if he adds few tens more, in couple of days😁

Good company, fluctuations may be there but this will eventually go up.hold for few quarters expecting 100 levels by sept 23..no listed peers ,small size ,good LM ,good business prospects.

First day such a mature trading???
No UC no LC...
Rare to see in SME

This is may be because of accumulation by big player at lower price.

After a GREEN week of SME, today's bloodshed was not much surprising. Still Global pet is able to maintain in Green. That's shows the strength. Hope it will start moving upwards in a day or two.
Disclaimer: not holding any till date

Company is engaged in the business of manufacturing of pet machines, pet blow machine, fully automatic pet machines, semi-automatic pet machines, pet blow moulding machine, pet bottle moulds, industrial semi-automatic pet machine and spares, components, parts and accessories of such machines and equipment and other mechanical products including their components, parts and accessories.

PET bottles are more durable, transparent, lightweight, non-reactive, cost-effective and thermally stable. Moreover, they are ENVIRONMENTAL FRIENDLY and can be recycled repeatedly which further reduces their manufacturing cost. Primarily used in the packaging of drinking water and beverages, PET bottles are also gaining prominence as a packaging solution for salad dressings, household cleaners, medicines, dish detergents and mouthwashes. therefore demand is increasing in the market.

ipo money will go towards construction of factory building that means company is expanding.
this is a true portfolio stock.

When are the results expected ?

11-JUL-2023      BP EQUITIES PRIVATE LIMITED      BUY      21,000      55.38      
11-JUL-2023      AEGIS INVESTMENT FUND       BUY      2,01,000      53.33      
11-JUL-2023      BP EQUITIES PRIVATE LIMITED      SELL      51,000      53.61            11-JUL-2023      VARSHABEN BHARATBHAI SHAH      BUY      54,000      55.37      
big players are accumulating. good sign.

TRISHLA JAIN      BUY      72,000      52.00      -BP EQUITIES       BUY      57,000      53.38      SHRENI SHARES       BUY      12,000      53.14      MENON NIRALI      BUY      63,000      52.05      SELVAMURTHY       BUY      81,000      52.00            JITEN PRATAPRAI      SELL      54,000      52.07      -
HEENA GANDHI      SELL      87,000      54.60      SHRENI SHARES SELL      1,26,000      52.43      -

Out of these BP EQUITIES will sell tomorrow or day after tomorrow.
Rest other are suppose to hold...

@SSingh @KAPPO 
Please help to understand this.
I see a bid price trend in every IPO listing,
Before 9:44 am, offer bids are are lower circuit mentioned in bid analysis.
For e.g. today for globalPET the issue price was 49, lower circuit 19.6, upper circuit 98.
So mostly offer bid from 19.6 rs and upto 26.8 rs and bid price was highest upto 90 rs.
After 10:45, both bid and offer price are around listing price.
So plz help me for the bid and offer price before 9:45am

I will try to explain the logic,
During ipo listing the pre open timing is between 9.00 to 9.45 am.

During pre-open the maximum chance of selling is when you place the order at lower circuit. Same if you want a confirm buy ,bids are placed at upper circuit.

So the allottees who want to sell for sure in pre-open place their order at lower circuit. As per your example this is the reason why most of the orders are placed at upper (buy @90)and lower circuit. (Sell@19.6)

Then as per this orders placed before 9.44 am price matching happens and equilibrium price is discovered at 9.45am.Volume also plays a role in this process.
And that is why you see the bid and offer price are close to listing price after this price discovery. Then the normal trading starts from 10am.

You can always get the indicated equilibrium price before 9.45am so based on your need to buy or sell orders can be placed. Eg in GlobalPET pre-open confirm buy is possible for any order placed above 52 and confirm sell if order placed below 52.

@abc xyz your inputs here?

Its seems weak retailer have not applied here due to no GMP. and who ever are applied here are sold now.
mostly dare devil have applied here to keep it long.
Thats why volume is low at preopen....

Volume till now is not less, almost 1/3 shares traded till now and looks like UC is imminent.

Dare devil 😂😂

Not good Not bad listing
Par volume bahot hi Kam hua hai

Strong company thats why allottees are holding tight.
Sudden upmove is possible.

Yes pre open volume is low.
But pre open + after open volume is ok (28% shares exchanged).

Reason of low volume
1) only those have applied here, who have funds left for applying this, as it is ongoing with 6 ipos together. (where most are too good).
so who have fund, will definitely have a capacity to hold.
2) people's doesn't find negative anything here, so preferring to hold.

I will not sell anything here until it reaches ₹101 price and after that also will keep trailing stop losses. I feel it will hit UCs only once weak hands are OUT because of small IPO size, 0 debt, Investor-friendly LM, and most importantly, solid MOAT in business. 

Hard to get allotment these days and if we get allotments then we must RESPECT our LUCK as well!

All the best to all the allottees! 👍🙏🏻

Added 2 lots in preopen.
Will add more as the company enjoy monopoly in this sector.
Debt is zero and most important thing is their export to 19 countries.
Last quarter results are pending,
Will hold it for 6 months.
Looks like a dark horse 🐎.

weak hands are getting out. once accumulation done by strong buyers, up side move will be big as it listed near ipo price.

Bought 3 lots in preopen.

Jai Ho!!!
Har Har Mahadev!

Bought 1 lot..

Did not sell my allotted lot. Will decide after result. It will give result in long only. I may buy more, if I exit other positions and that is not going to happen today as SME market is down today in general. (My view only, I am not a financial analyst and kindly take your position as per your financial strength as SMEs may be volatile).

Good listing @ 52. Considering GMP and low subscription.

Bought 1 Lot in Preopen.

This is a Good Company and it has to Rise.

@ Upper Circuit now. Hold it Tight .

Any best guess for listing?

Around 53-55.

Global Pet Last Buyer at 6/-.
Listing will be around 58 +/- 1

Good Luck to all the allottees & Potential Buyers.

Latest GMP?

Last heard ₹8 seller.. In the afternoon, got ₹10 rate.. Let’s see on listing tomorrow, how it behaves!

Looks like a darkhorse. No shor sharaba

Pentagon rubber listed with around 75 percent premium, it is also a unique company in a sense that it is the only manufacturer of the products (rubber belts) that it does, although Global pet business is completely different but it also manufactures something (in this case moulding machines) which is not being done by anyone else as of now (and not to forget it is completely debt free). So these companies will always command a premium.. Lets see how it lists, fingers crossed !

Added 2 lots,
As it is listed near ipo price it will go up now.
Dark horse 🐎