Chair person of Ashok soota is 19640 IIT BETECH ENG . HI IS CO FOUNDED MINDTREE COMPANY 1999 , 35/40 YEAR'S EXPERIENCE IT SOFTWARE SOLUTION BUSINESS . I THINK GOOD COMPANY OF HAPPIEST MIND FOR LONG TIME ???????????? Success full manage 2 company in past .
Anyone who still haven't received back payments of Happiest mind ipo - its 1 october expiry was on 26th any idea how to get back please reply would be really helpful
Send an email to einward.ris@karvy.com. Else it will be auto-unblocked on mandate-end date which I think was 27/28th. Faced similar issue. Got it unblocked 4days back by emailing them.
How can one raise the concerns / issues with the registrar of an IPO to SEBI, about the unfair practices / mal-practices followed in allotment of shares in the lottery? I just received the allotment basis data for Happiest Minds IPO. For the applications of 1 lot (ie applications demanding 90 shares) the allotment ratio was 52:4061, and for applications of rest of the lots ie applications of 2 lots to 13 lots ie applications demanding 180 shares to 1170 shares, the allotment ratio was common 11:436. In this case, what is the point of applying for highest lot? Will this strategy not encourage people to subscribe in the IPO with application of smaller lots from DEMAT accounts of other people, which is not right actually?
I think Karvy (K F Infotech) must be interrogated for the reason behind this kind of allotment strategy.
In future, I will think well before applying for an IPO for which Karvy is appointed as registrar.
758. Chem cho| Link| Bookmark|
September 24, 2020 2:23:17 PM
IPO Guru (2600+ Posts, 2700+ Likes)
Should be Bumber Listing Price is very cheap @ Rs 554 Nifty at 10950 sensex 37037 1.20 PM DATE 24/09/2020 Should apply even if NIFTY Tests Lower Than 10900 -10800
Yeah.. even my Pan number is reserved for Route mobile.. I have some feeling that I might not get anything in happiest mind and upcoming Chemcom. But surely will get in route mobile and CAMS Though I have applied with 11 application in Happiest mind.
755.3. Aniketiaf| Link| Bookmark|
September 15, 2020 7:35:40 PM
IPO Guru (1800+ Posts, 10200+ Likes)
@ harit, Profit can be left in form of share for long term in both of the script. Capital amount can be withdrawn on listing day.
@ Devenkme, Yeah! Hopefully we all ( including Harit ) will be allottee in Route mobile.
Not allotted a single lot in any of my four accounts. But not at all unhappy bcoz IPO was heavily oversubscribed . Also I had taken full advantage of smallcap rally and Aniketiaf sir's suggested stocks. Thanks a lot to you sir ji , I had purchased top eight shares of your list and except Linde , I am in bumper profit in all scripts. If this rally continued for at least next two days, I will not at all disappoint if allotted NIL in ROUTE MOBILE also. Very grateful to you for your timely suggestion regarding Smallcap stocks ????????????
so is the case with me @Aniketiaf ji.... 0/6 tough luck...
how do u deal with the disappointment... this is the first time i went in this aggressive and expected at least 2 lots..... feel like giving up IPOs... i know i wont ... but just the feeling of desperation
@chintuankith : Remember, there are enough opportune in the market....
Success is nothing but just winning probability in the market... Just take what marketmaatha blesses you.... Don't be agressive. Be compassionate.... You will succeed.... If you are in market... you must be strong enough to see your portfolio going down 50-60%. - Warren Buffet. It is just an IPO and that too tough allotment... don't worry.... It is someone's time now... wait for ur time.
755.17. MAPatel| Link| Bookmark|
September 17, 2020 3:58:42 PM
Top Contributor (300+ Posts, 100+ Likes)
Aniketji, have you got allotment in RML ?
755.18. SHANI| Link| Bookmark|
September 18, 2020 3:39:34 AM
(300+ Posts, 300+ Likes)
Request to give your rating to CAMS, CHEMECON, and Angel Broking
755.19. Aniketiaf| Link| Bookmark|
September 19, 2020 11:23:48 AM
IPO Guru (1800+ Posts, 10200+ Likes)
@ MAPatel,
Thanks for your concern but unfortunately In Route also, I scored 0/6. It happened after many years when I have applied with full force and scored Zero in two consecutive IPOs. But not at all disappointed as l have full faith in sologn - " ACHCHHE DIN AANE WALE HAIN"
Total Free Float Shares = 2,32,59,550 shares Today’s EOD Delivery (NSE+BSE) = 2,20,27,093 (94.70%) So that means 94.70% of Shareholders have Booked profit on listing day itself only.
Kindly think twice to make position in happiest mind at CMP of 370 after analyzing the above data.
Thanks for the info Ayush. If the data is correct then weak hands are already out so now only strong hands hold it. This will be a long term story like Dmart. Recently only the promoters manage to get premium and this is one of those stocks where the promoter is an expert.
@prashant It's not about strong and weak hands..If you have faith in the business it's good to be positive on a stock. Most of the IT companies are trading at PE multiples of 25-30 while happiest's current PE stands at 70+..It will be good to accumulate a share at right times at right valuations..IMO.
@AhireR, Yes but if you see the forward earning 2021/22 its just 19. Plus coming from a service sector I wonder its rated so well on Glassdoor and into all the latest of technologies. Also a pizza seller demands a 105 PE and its not expensive so I feel if the growth remains for a year more than 500 will look peanuts to buy this stock. That's my medium term outlook.
ON this price level 1. what about PE? on 166 pe was 30+ and today's closing price 370 PE is 65+. Is that justify the share price? 2. Promotor age is 77. How long he will run the company. 3. Why promotor offload his stake.