38. Sharvam| Link| Bookmark|
September 20, 2023 5:16:00 PM
IPO Guru (1300+ Posts, 800+ Likes)
Wasn't expecting such subscription from HNI as it was not much hyped SME even GMP started very late, but I was convinced by the promoters pedigree and applied on 2nd day itself. Applied 5 application of 5 lots each, should have gone all out after seeing final subscription, anyways can't do anything now.
I will definitely buy on listing day if not alloted.
38.1. Sharvam| Link| Bookmark|
September 20, 2023 5:27:07 PM
IPO Guru (1300+ Posts, 800+ Likes)
I know of the rule discussed by some boarders some time ago; when HNI < Retail in Non-QIB issues, then the chances for both are equalized i.e. HNI = retail. Eg HNI 3x, Retail 6x then for both 4.5x.
In this IPO it is inverse i.e. HNI > Retail. Is the same rule applied here? i.e. HNI 6x, retail 3x. Chances for each category 4.5x.
Is scenario 1 correct? Whether scenario 2 is possible?
- Company is in niche sector - measuring and engineering instruments for education, science and physical laboratory sectors. - 75-80% contribution margin indicates high value addition and products may not be commoditized in nature. - top line growth of 2x in last 2 years. in site of high growth, NWC is ~ 162 days which is commendable. Positive CFO for last 3 years even after WC adjustments. - Huge scope - Exports. Defense and even domestic market has huge potential. - At 11.1 diluted p/e, attractive valuation.
only negative is slightly higher issue expenses. Lead manager has brought in several multi bagger issues.
I feel 50% + gain is possible on listing or short time after listing. Moreover, i feel this can be 2-3X in 3 years.
Considering the bearishness in the market, IMO it may go either way on the listing day based on the mood of the market. It will be tough to attract the money as multiple IPOs will be listing on same or next day.
went with 51 lots application at around 2.45. was estimating final sub. to be around 50. hence thought I will get 1 lot safely and was saving funds for other IPO. sub jumped between 3-4 so much, i was marginally within the line otherwise would have missed this one.
IPO madness of this season demands so many skills and so much luck. Three cheers for cameo. You guys are setting excellent standards of TAT.
26. BLUE WHALE| Link| Bookmark|
September 20, 2023 3:29:33 PM
Top Contributor (400+ Posts, 200+ Likes)
*Invest Carefully
Overall weak market Lots of new IPO (Need Fund) cause selling pressure in every IPO *Long term story looks good *Short term 15%~20% Listing gain
25. Cyclodium| Link| Bookmark|
September 20, 2023 2:01:43 PM
Top Contributor (600+ Posts, 100+ Likes)
23.1. lokes| Link| Bookmark|
September 19, 2023 11:55:25 PM
IPO Guru (4400+ Posts, 5100+ Likes)
@Manan Surana allotment in sme hni category is proportional to hni subscriptions, so if your application lot size is near/equal to hni subscription then you will be allotted 1 lot surely...you can read my first comment from here for better understanding: https://www.chittorgarh.com/ipo/ipo_discussions.asp?a=1468&c=630622&ap=0
19. abc xyz| Link| Bookmark|
September 18, 2023 7:19:22 PM
IPO Guru (1400+ Posts, 1400+ Likes)
The RR Kabel ipo opened on 13th September & closed on 15th September 2023. This ipo was big in terms of issue size . RR Kabel have collected Rs 1964 crores. This ipo's allotment declared today I. e. On 18th September 2023. If the Company/ Registar/ lead manager can complete the allotment process in a single day, it proves that it's not a big 💪 thing or work. Earlier Ratanveer have also shown this fact. It's the wish of the management & if Company wants to work in this direction, it's a normal work.
Now SME ipos are very small 🤏 in terms of issue size & very less applications as compared to the Main ipos. Even though none of the SMEs have completed/ tested the T+3 work yet. Which is very shocking and not investors friendly approach. The Authorities have to press them for this work. Nowadays there are numbers of ipos are coming together & this makes very difficult for applying due to this Simantantously ipos. If authorities don't force them we as a investors boycott these issues who don't follow T+3 work. But but as we aren't United so don't hope T+3 before January 2024.😅🥰😜🤑.
@abc xyz any how as per new SEBI guidline, T+6 listing is only upto November 30, 2023 (presently optional). From December 01, 2023 it will be mandatory for listing at T+3 days instead of T+6 day (T being issue closing day). Fund will be unblocked in T+2 days