Issue got subscribed many times by all categories. 01. QIBs - 44.73 times 4782 cr. 02. BHNI - 52.29 " 2795 cr. 03. SHNI - 40.46 " 1081 cr. 04. Retail - 9.29 " 1738 cr. However listed negatively because of broad market negative sentiment and other macro factors proving once again Market is unpredictably especially in the short term. In future will be more cautious in putting SHNI Application.
Ramasami ji, IRM valued it's share at very high premium over peers which we overlooked due to GMP shown by media from cg to et and due to heavy oversubscription in final hours. I too made 1 shni and 2 bhni application and luckily not allotted. Wish we all remain more cautious .
510. PLAZA| Link| Bookmark|
October 26, 2023 10:49:43 AM
IPO Guru (2400+ Posts, 1300+ Likes)
GOOD THING IS ONLY THIS THAT RETAILERS AS WELL AS BHNI/SHNI are not in hurry to sell at discount as per volume so far ....
510.1. PLAZA| Link| Bookmark|
October 26, 2023 12:04:01 PM
IPO Guru (2400+ Posts, 1300+ Likes)
As per input given to me that all grey Saudas will be squared in preopening cut off but in pre open only 4 to 5 lacs shares volume today indicates that there was only artificial with very narrow deal in grey market and GMP managed and we applied on that basis in all ipos. is it correct pl.....
509. CoolAsh| Link| Bookmark|
October 26, 2023 11:52:59 AM
Top Contributor (700+ Posts, 100+ Likes)
If you have spare cash, then
Identify the good stocks and look for opportunity to invest, I believe the market can go down probably by another 5 - 10% (if external factors remain the same)
If no spare cash, then
Stop looking at the market for some time, maybe a another couple of months
508. Mr. Agrawal| Link| Bookmark|
October 26, 2023 11:30:30 AM
Top Contributor (500+ Posts, 100+ Likes)
1 active poll jarur hona chahiye jha apki present condition show ho ...holding ,sold or bought more . It boosts confidence knowing who else is boarding ship with us ! In mean time off topic nahi hai irm ko toh hold Kiya hai but ese falls mai aap log mutual funds ka kya karte hai .. sell ,hold ya buy more ???
508.1. MuStrFc| Link| Bookmark|
October 26, 2023 11:36:24 AM
IPO Guru (3000+ Posts, 2400+ Likes)
Mutual funds aka Long term funds, and rest is self explanatory.
Bearish market continues. Listing very bad in present market conditions. Gone more below listing. I had to disable my post due to many mistakes. Better to search other opportunities and not to take interest in IRM at present. Short term not looking good. Market has bit improved from its low at present but not a guarantee for day to progress.
500. MuStrFc| Link| Bookmark|
October 26, 2023 11:06:20 AM
IPO Guru (3000+ Posts, 2400+ Likes)
Holding 2 lots, not pressured Pre Open as well and suggest the same for others. Its down due to ongoing uncertainty and not because of the company itself