Now the SME IPOs are coming at par price. Now it looks bit surprising why these companies are not asking any premium. In past many companies with not good financial asking hefty premium. Even loss making companies asking premium. There are many examples, we all know. Here it seems that company himself know that it is not worth asking premium. When companies are sure about its worth and not asking premium, why investors are sure for profit while applying. Just for ten crore and without premium. All share capital. Need to think before applying.
@Amit , Since it is oversubscribed, there is no point in applying more than 1 lot in a retail application. 1lot app and 2 lot app have equal chance in lottery .
Applied 2 lot retail application in the light of above conversation, hoping to get allotment 🤞🏻
48.12. Trueinfo| Link| Bookmark|
July 18, 2022 3:24:30 PM
IPO Guru (1900+ Posts, 1700+ Likes)
@ Imhill, it will be considered oversubscribed when it exceeds 1× . Because, then you will not get full allotment of what you applied. If it's subscribed 3× , Then application with 3 lots will get firm allotment one lot only. In undersubscribed issues, applicants get full allotment.
If subscription is high especially retails, there won't be any gain but there may be even loss. As seen in previous IPOs, operators don't prop up on listing if retail already flock to their IPOs. Sometimes, They will buy on discount and then pump the stock after 3-4 sessions.
40. MehulStk| Link| Bookmark|
July 18, 2022 12:17:06 PM
Top Contributor (400+ Posts, 100+ Likes)
Dear Fellow Investors Let's make a guess on how much times it will get subscribe. I am assuming I may reach 20x to 25x. Please share your predictions and thoughts.