While this is not the forum to discuss such matters, it is estimate and here it came as 50% true too considering the other state. Anyways, hope you are geared up for upcoming ipos 👍
Yes i followed that Retail 1 lot= 7 shares So number of lots allocation in all segments will be higher GMP is rising after new development @Anil Mwt You re right 👍
All depends on the price band in RHP & dates. (FII's might decide post that) Some amount of money will taken away from market for sure. Current fall, cannot be attirbuted to this only, its a combination of things.
@SMEARV aapne tho FIIs ko bikaari kaa darjaa diyaa :-).
Come on sir, to fund for Hyundai and other ones they have sell Reliance, HDFC and other biggies of Nifty. Yetho market kaa fresher karthaa hai. Kuch tho FIIs ko izzath dho sir :-)
@Esparando To samjao unhe itna kyu beche ja rhe ho!!!
303. MAPatel| Link| Bookmark|
October 7, 2024 2:43:12 PM
Top Contributor (300+ Posts, 100+ Likes)
Almost all Global Markets are in Green (UP). Only our market is in Red (Down). If the war is the reason then why global markets are in green and only we are in Red ? May be there is some another reason.... isn't it ?
@MAPatel War is just one reason. Market was overheated anyways, China stimulus makes that market a bit more attractive than earlier, so some FIIs adjusting their folios and offcourse our regulator just made some rules which were not exactly investor friendly.. That is what i think..maybe i am.wrong maybe not😊😊
No other reason that we are not aware of. Brent going u, China looking attractive and most importantly Indian markets having a linear up move for literally 1.5 yrs now.
You may ask why now..but then it has to be at some point..else a market cannot just keep going up month after month even if its GDP is expected to grow 10%.
So yeah, since we are used to one way movements, its not surprising you are asking why are we falling but then pls remeber we were only going up and hitting all time records every month after month while rest of the world was not doing that great relatively.
303.7. MAPatel| Link| Bookmark|
October 7, 2024 3:53:22 PM
Top Contributor (300+ Posts, 100+ Likes)
Up & Down movement is always there in all market, but our market is falling with big numbers since last 3-4 session. 2 State's election result might not be a reason for this kind of free fall & If war is the concern then all other global market should also react the same. We have seen earliear that if any war was there then all global markets were corrected. Let see where it will stable..
No expert to comment, but a correction was always on the cards. Long term nothing alarming, atleast for me. Either one panics and sell or starts buying.
@MAPatel Singlemost major reason is FIIs selling. There could be various factors like postive job cards data in US, Chinese markets becoming more attractive, fear of crude price hike to hit India the most etc.
303.10. UjwalG| Link| Bookmark|
October 7, 2024 5:37:10 PM
IPO Guru (1300+ Posts, 600+ Likes)
The primary reason for fall is valuations. Investors are gullible to term this as war effect, election effect etc. Someone might not like this but its true.
I think Todays correction main reason is exit polls of 2 states that show BJP not come. Because PSU and Adani stock top looser in nifty 50. If result are same as exit poll then correction extend in PSU and Adani stock. Second Retail also join with FII to selling stock in penic.
@UjwalG One may call it overvaluation but last six months data suggests, nifty and large caps are fairly valued. Mid caps are the ones that can fit in reason you cited. Rise and correction in markets are inevitable, we only assign some reasons!
@Kingsmen Election results may not be the factors behind this correction at all!
I think markets will some how manage to tread this relentless FIIs selling but would be interesting to see how forex market would react in coming days if this continues.
Many times US dow and Nasdaq were down 👎 india NSE was UP(why this question not arise? that time?)
Historic data suggest that wars always benifits US economy and dent Europe Asia Fed soft landing on ratecut add more fuel
India on other hand very sceptical after crude oil rising and continuous improving gold and electronic goods import.food inflation not under control and that's why RBI will not in a hurry to cut base rate
Co incidentally FIRST RATE HIKE was middle of LIC IPO and FIRST RATE CUT ANTICIPATED at Hyundai IPO(unlikely this meeting)
303.15. A. Rajput| Link| Bookmark|
October 7, 2024 10:12:31 PM
Top Contributor (300+ Posts, 100+ Likes)
I think this is very much expected and needed correction for both ipo and secondary market. Many newbies they camee for easy earning ( pesa double scheme )will run away and never come after healthy correction. I want market to correct more upto 23000 level so we can add more quality stock.
303.20. MAPatel| Link| Bookmark|
October 8, 2024 12:36:48 PM
Top Contributor (300+ Posts, 100+ Likes)
@harit I am not raise any questions sir, but try to know that war is not the actual reason of market fall and only our market is in down trend in compare with global market and it is not due to any global reason but due to only our internal reasons only.
All exit polls are becoming jumla now a days giving false information pulling market down .. actual results are totally didifferent..on result day market trend and actual results trend reverses..
@amit K singh While no comments on polls or exit polls, but your statement of markets getting pulled down because of this appears to be fiction - far from reality.
@amit K singh Nothing surprising in public forum. People have opinions and have every right to go wrong. Forum is meant for sharing info. Take what suits best and leave the rest. Your comment about 'giving gyan nowadays' was not in good spirits and deserves No Comments!
302. IPO guro| Link| Bookmark|
October 7, 2024 1:30:16 PM
IPO Guru (1300+ Posts, 500+ Likes)
@IPO guro Is it not little early to arrive at listing scenario. Finer details of issue and price band etc are still awaited!
302.2. Rolta| Link| Bookmark|
October 7, 2024 2:07:03 PM
Top Contributor (500+ Posts, 100+ Likes)
@IPO GURU. Then its better to sell at 270 GMP and cover on listing price ..Dual profit 260 + discount listing difference...
302.3. sashah| Link| Bookmark|
October 7, 2024 2:13:09 PM
Top Contributor (400+ Posts, 100+ Likes)
it will all depend upon issue price, if it is close to 1200 it will have demand and if it is around 1,800 then we might see lower subscription as there is nothing on table and issue size is too big with high supply in market, post listing...
Yes, company has withdrawn its papers for IPO on 5th October without citing any reasons. Is it the current market environment or some internal company related factors behind this action? 🤔 Let's see if we get to know!
301.2. Mr. Singh| Link| Bookmark|
October 7, 2024 7:22:58 PM
IPO Guru (1000+ Posts, 600+ Likes)
To add on this, its hero motors and different than listed company hero motocorp.
@Mr. Singh Yes, proposed IPO of Hero FinCorp from its parent company Hero MotoCorp is intact for which DRHP was filed sometime in July this year. It also had SH quota. Meanwhile, it is quite intriguing to note withdrawal of HMIL IPO plans 🤔
@sandyshores The DRHP filed by Hero Fincorp has not been approved by SEBI as per earlier news. The reason has also not been given by SEBI. In such circumstances this may be the reason to withdraw the DRHP by the company. In present market conditions the company may file papers at appropriate time and with rectification duly done in view of SEBI objection.
@PKRAJ Sir, here we are talking about two different companies : Hero Motors India Limited (led by Pankaj Munjal) and Hero FinCorp Limited (led by cousin Pawan Munjal). As per news DRHP of Hero Motors India Limited has been withdrawn. There is no impact on other IPOs plan from Hero MotoCorp promoted Hero FinCorp and Ather.
@Chhote Lal Sorry for mismatch. I am not able to remember the news. I read some where. Generally I take screen shot of such news. Yes, the DRHP of Hero Fincorp has not disapproved.
301.7. Iranna| Link| Bookmark|
October 8, 2024 11:26:03 AM
Top Contributor (300+ Posts, 200+ Likes)
Below is the statement issued by the bankers of Hero Motors. They are expecting to refile within a month:
According to investment bankers, there were some technical issues with the draft papers and Sebi requested the company to make necessary revisions. As a result, the company decided to withdraw and refile the DRHP, they said. “The withdrawal of the DRHP has nothing to do with the weak secondary market. The company is expected to submit the revised DRHP within a month," said one of the bankers.
Meanwhile, SEBI has given its nod for NSDL ipo. After CDSL, this depository NSDL is expected to bring much needed cheers to IPO space. As per news offering will comprise 5.73 Cr shares from six shareholders, including IDBI Bank, NSE, Union Bank, State Bank, SUUTI, and HDFC Bank.
300. Rolta| Link| Bookmark|
October 7, 2024 9:53:29 PM
Top Contributor (500+ Posts, 100+ Likes)
@Esparando 😂 Sahi pakde hai sir...Hyudai India bhi yahi soch raha hai ke FII thoda or bech le or paisa collect kar le phir he IPO late hai..
299. Rolta| Link| Bookmark|
October 7, 2024 7:27:36 PM
Top Contributor (500+ Posts, 100+ Likes)
October month DII buying almost 41000 crore FII almost 40000 crore selling neck too neck....
Is there any setting(not in sense, like they communicate) betn them as when dii buy fii sel and vice versa.
If your only aim in life is perfection then you'll never hit target 🎯.
299.2. Mr. Singh| Link| Bookmark|
October 7, 2024 8:12:50 PM
IPO Guru (1000+ Posts, 600+ Likes)
Koi buy kerega and koi sell tabhi to transaction hoga. Total buy/sell by FII + DII +Retail + promoter (QIP Or anything else) will always be zero.
299.3. Rolta| Link| Bookmark|
October 7, 2024 8:50:18 PM
Top Contributor (500+ Posts, 100+ Likes)
But many a times i noticed that when this figures are identical or marginal diffrence market tends too bounce back ...If that is soo tommorow is the day...If nifty remians above 24800 for 1 hour or soo i will be buyer...
8 out of 10 time dii-fii buying/selling figures are similar bcos big brokers/bankers are indulge in those trades for both sides and yes there's some level of communication between them Figure uneven when retail buying huge OR retail selling (MF resumption) in big numbers
299.5. Rolta| Link| Bookmark|
October 7, 2024 9:18:09 PM
Top Contributor (500+ Posts, 100+ Likes)
@harjit yes i agree with u 8 out of 10 times ...But in that situation movement was not soo vast...here we r talking about 1500 points in nifty
@Rajiv RR Just wanted to thank you for your messages regarding Minor account opening. As per your guidance I have opened a demat for my child. Her account is now live to start with the journey of IPO's. ZERODHA + ICICI Bank combination. Thanks again sir
@RamkumarV Hi, congrats. Had u compared AU royale aswell. Pls share the merits with zerodha as i am also planning for one minor dmat. In one post(in this page itself) it was mentioned that there was some issue in opening minor ac with zerodha
@PiyushGupta not aware of AU sir. Gone with zerodha + ICICI combination as guardian account was there with the both. I didnt face any issues while opening minor demat with zerodha. The entire process was completely online and hassle free sir.
Hi can u help me on icici minor account. When I visit branch they are asking me to maintain 1 lakh balance and they are refuging to open minor account without it. Is it true? Whether can we open it online? @RamkumarV@Rajiv RR
@IPOInvestorSatish I opened in branch only.. depends from branch to branch, they have some target for wealth mgmt accounts. I opened with MAB 2500 only. You can get a basic MAB 2500 created and keep 1Lakh till the account is created and remove after few days.
People mad over northarc and arkd dev. at the time of ipo,Now both are available near IPO price,go and grab All recently listed IPO are available 20-30-40% less than listing price Bhfl 137!!! Vi @9 rs. Discount to govt of india aquisition price
It is not anything new. Many counters which attracted great interest and subscription figures during IPO, once go into negative territory will obviously lose the BHFL, PNG, KRN etc) will not muster courage to add even if there is further fall.
Bajaj Housing should be a good buy around 110 Lets see if we get that price
297.3. Chhote Lal| Link| Bookmark|
October 8, 2024 7:05:42 AM
IPO Mentor (6200+ Posts, 4600+ Likes)
Some words went missing there ... *once go into negative territory will obviously lose the charm. Those who were alloted BHFL, PNG, KRN etc through IPO will not muster courage ....
Between , Ola Electric receive a show-cause notice from the Central Consumer Protection Authority (CCPA), following over 10,000 complaints lodged on the National Consumer Helpline. The notice alleges violations of consumer rights, misleading advertisements, and unfair trade practices. Ola Electric has been given 15 days to respond to the notice, addressing the concerns raised by consumers.