My honest opinion cum suggestion to the members stuck, better book lesser loss than being stuck indefinitely here, losses could be much bigger in a month.
P.S. Burnt my hands in JFLLife, Reetech still holding since alottment, not being able to find a descent exit.
As expected and mentioned here https://www.chittorgarh.com/ipo/ipo_discussions.asp?a=1636&c=729679&ap=0 The upper Circuit series is on. Hopefully, this will continue till it reaches breakeven. And then things would start settling down.
90.1. DEVBULL| Link| Bookmark|
February 12, 2024 11:09:25 AM
IPO Mentor (600+ Posts, 200+ Likes)
@G profit In one of your postings you have mentioned that you are using IDFC First Bank and got several allotments. Kindly intimate whether linked FD facility is available in IDFC First Bank and if so whether we can use the amount(s) of linked FD(s) together with the amount in Savings A/c for applying for IPOs under NII category through Net Banking.
90.2. StarGarage| Link| Bookmark|
February 12, 2024 11:12:28 AM
IPO Mentor (500+ Posts, 200+ Likes)
I avoided just looking at the logo. Looking at my bad luck in SME IPO's , i would have been allotted if applied.
90.3. MuStrFc| Link| Bookmark|
February 12, 2024 12:28:59 PM
IPO Guru (3100+ Posts, 2400+ Likes)
@DEVBULL IDFC has that linked FD feature but only for senior citizens.
They have it in two variants : One is Sweep in - Sweep Out and other is linking the whole FD with savings.
But, neither of them can be used for IPO ASBA. Confirmation is received both from email and phone customer care
90.4. G profit| Link| Bookmark|
February 12, 2024 1:47:02 PM
IPO Mentor (1200+ Posts, 300+ Likes)
@DEVBULL I use ordinary IDFC ordinary savings account only. No idea about fd linked account. But as far as I have kearned, if the bank allows to apply against fd,then it is not a problem
There is probably a big game going on here. Now the stock is in upper circuit at 5% up from open price. Someone saw an opportunity to sweep up share in the pretext of Kisaan Rally announcement at very low price.
I am extremely happy that I didn't apply after reading few experts comments that this may list at discount. E pack also has taught a lesson.
85.1. G profit| Link| Bookmark|
February 12, 2024 1:56:28 PM
IPO Mentor (1200+ Posts, 300+ Likes)
Another classic example that donot just go by gmp and subscription figures. We have to see fundamentals, prospects, DD sir review, market short term view( for listing gains), lead manager past performance and views of good ipo leaders of this forum. Me too not applied and happy. But investments in sme ipo are very sensitive particularly when the market corrects even slightly
84. SOAM| Link| Bookmark|
February 12, 2024 11:00:33 AM
Top Contributor (900+ Posts, 100+ Likes)
1st shock in SME segment of 2024. Let's see what kinda impact it brings on other scripts.
83. DEVBULL| Link| Bookmark|
February 12, 2024 10:30:27 AM
IPO Mentor (600+ Posts, 200+ Likes)
Sold allotted lot @55 at preopen and bought one lot @52.25 by 10am
Yes @StarGarage , That's why I also applied with 3 applications after seeing subscription figures. But I trying to say we should be more cautious after DD sir review.