Retail investors also apply with brain and not heart. Comparison of yesterday and today, irrespective of type of business and many more reasons. Kaynes (300cr. and 4x Retail.) 17.5x sHNI, 98x QIB. Inox (74 cr. and 4x Retail) .55x sHNI.1x QIB. It shows that retailers don't have faith in Inox. sHNI shifted to Retail. QIB was however managed and subscribed 1x. Compare the subscription figures of yesterday and today. That's why this was and is AVOID for me. Merits of the IPO always matters.
73. sashah| Link| Bookmark|
November 15, 2022 3:02:17 PM
Top Contributor (400+ Posts, 100+ Likes)
Anyone has doubt about HNI allotment, can apply in this IPO.. everything will be clear..
Not possible to withdraw for snhi or bhni, only modification with higher lots is possible... if you are serious about cancelling your bid, just apply one more lot in retail, and both will get rejected by registrar while allotment.. This is for sure and only option.
For shni also u can apply by UPI....so if not sure, better apply by UPI and wait till 4 to see the subscription and then accept the mandate by 4.30 ..... Don't wait after 4.30 as u can't re-apply if there is problem in mandate... So accept in between 4-4.30 and if some glitch happens, cancel it and again apply .....
Are u sure about cancelling of both category @aspirant
66.4. Krishna T| Link| Bookmark|
November 15, 2022 1:33:32 PM
IPO Guru (1600+ Posts, 900+ Likes)
>> Not possible to withdraw for snhi or bhni, only modification with higher lots is possible... if you are serious about cancelling your bid, just apply one more lot in retail, and both will get rejected by registrar while allotment.. This is for sure and only option.
Good one but many demats like ICICI doesn't allow multiple application either retail, HNI or vice versa so you can't apply retail at all.
Apply additionally in retail with same PAN. Both the applications will be rejected due to multiple applications.
66.9. SamJos| Link| Bookmark|
November 15, 2022 2:34:15 PM
Top Contributor (500+ Posts, 100+ Likes)
If you have only one demat account & it does not allow another application, i.e. retail. Then you can apply physical application for retail in same demat agency.
The only saving grace is that retail quota is just 10% so I don't see much downward trend on listing but it'll be flat. The future prospect of green, windmill energy is a highlight but that doesn't justify the promotor holding going down from 94% to 56%. For this very reason, I'll be skipping this loss-making future laggard. Thanks.
1) Why promoters selling below their acquisition price of past 3years ? 2) Not so great past performances by all the Lead Managers. 3) Gmp declining consistently. 4) Poor subscription figures as of now!
QIB not moving at all. Now this is the time for Retail investors to reject the upi mandate and all retail investor will get allotment in 1:1 ratio like LIC.
@MRavi, @Anantagg, @Lokes and other experts, Please suggest your opinion for this IPO?
56.1. lokes| Link| Bookmark|
November 15, 2022 10:59:05 AM
IPO Guru (4400+ Posts, 5100+ Likes)
@top contributor: i have already commented my view on this same page, you can scroll down and check.... fusion listed negative and going down still so need to be cautious here....
56.2. Learner SK| Link| Bookmark|
November 15, 2022 12:42:02 PM
Top Contributor (1000+ Posts, 200+ Likes)
Thought to help you. Here was message from Lokesh on 14/11:
i will apply here mostly but in limited quantity, either in 3 retail application or 1-2 shni and 1 retail as per QIB subscriptions on last day.... company is in losses but i will apply as per its future prospects for renewable enery, gmp is very less here which can go away also till listing, so its a risky bet....take decision as per own risk taking capability.....