@diwan kapoor @KAMMA SIVA RAMA KRISHNA @Vaibhavvd thanks for your honest views kapoor bhai, vaibhav bhai and Siva ji
I understand the risks, have been playing this game for some time now and success rate is decent(identifying which to apply and avoiding bad ones)
have been applying in IPO's since 5 years now, few issues where i incurred loss
paytm( still holding) due to its huge lending potential
LIC( exited on 1st day, entered with a mindset of +-10% on listing day)
SBI cards( opened in loss due to Covid)( still holding and thinking of adding more quantity
Dharmaj
Was able to identify many diamonds hidden in dust like medanta, fusion, cms, adani wilmar, canarys, Magson, yatharth etc and got awesome returns in many blockbuster ipo's
with my own money, I can APPLY 2BHNI, 1 SHNI and 4-5 retail apps in one issue but the problem is there are multiple good IPO's and then the fund problem materializes
to increase chances of allotment when multiple good issues are open, I am trying to access IPO financing.
I would never apply in SME IPO's and mainboard IPO's that are heavily subscribed in BHNI with the borrowed money as allotment chances are next to nil and I would have to pay interest from my own pocket.
Interest cost per application if i can get it at 9-12% would be 1200 for 3 days, for 10 issues 12000, with processing fee and miscellaneous, 15000, if i can get 1 IPO allotment in 15-20 apps, the profit would be more than this as per my analysis and previous experience.
the newcomers, inexperienced or risk averse investors should never try this route
As they say Kapoorji, debt taken for liabilities is bad and will be a wealth destroyer, Debt taken to create assests with proper strategy and risk management can prove to be a wealth multiplier in my opinion.
Kamma ji, kappor bhai, vaibhav bhai
any further comments and analysis is welcome
@vedam Do let me know if you can avail the funding at a decent rate
Bajaj's interest rate is extortion, extremely high, approx, 1.5-2% and on top of that high processing charges, don't go for that
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