I had applied for the ipo on the last day of the ipo... I received an UPI mandate approval which i accepted and money got blocked in my account. However when i went to check the application it still showed that UPI mandate pending. Looks like my application is not accepted as when i went to check the allotment it is showing as no application against the said pan number.. However, the money is still shown as blocked/hold Please guide me on the said matter. Thank you
@Nothing New Whats your opinion ? If we compare it to Esaf bank. Which is more attractive to invest? Please answer, it would be very helpful to me.
135.2. Nothing New| Link| Bookmark|
February 13, 2024 8:37:39 AM
IPO Mentor (800+ Posts, 200+ Likes)
Jana because of it's geographical diversity and better ROE even as it has a relatively low debt / equity ratio. ESAF has it's branch concentration in south India and has a low ROE despite high debt / equity ration. The ROE can only improve further from here. Valuationwise Jana sits at the lower end of the band.
@rohiitian I'm holding as of now (against my usually philosophy of booking quick loss) I don't think this a sell candidate at this price.
What did you do ?
124.11. rohiitian| Link| Bookmark|
February 14, 2024 10:15:28 AM
IPO Guru (1200+ Posts, 800+ Likes)
@GrayIsTheNewBlack Also holding - both Rashi and Jana. Just to see if the weaker listing is sentiment driven - feel the overall market will improve by end of day and with it both of these (hopefully)
Jana 2 lot cap 1 lot ab aage kya karo max hold limit 1 year
124.14. rohiitian| Link| Bookmark|
February 14, 2024 2:30:13 PM
IPO Guru (1200+ Posts, 800+ Likes)
Exited at 375 - hit my SL. Should have exited at pre-open, but you win some, lose some. Will not touch these small banks, second time getting burnt after Muthoot MF.
@rohiitian Similar story here as well. Sadly I still hold my HNI allotment in Muthoot, at least should have exited when the december results were out. Learnt from my mistake, exited Jana allotment in pre-market with minor loss.
@GrayIsTheNewBlack Got 2/5 retail lot. Booked small loss, as I don't think it has any unique recipe, it's business just like every Tom, Dick and Harry type. It doesn't fascinates me to hold.
Disclaimer: I may be completely wrong. Take your own decision.
What a recovery, frankly I didn't expect it to come so fast. Lets see where it goes from here, holding 2bHNI lots with SL.
124.20. rohiitian| Link| Bookmark|
February 15, 2024 2:54:52 PM
IPO Guru (1200+ Posts, 800+ Likes)
Couldn't bear to watch the stock climb after selling yesterday and bought back in due to FOMO at 413 - today I learnt that sometimes FOMO also works out
@rohiitian , don't know about FOMO but technically it is a very good decision. Usually if a stock is able to absorb the selling around issue then the breakout will be sharp and can give 5-7% move in a matter of minutes.
We do need to account for breakout failure as well and work with tight SL. But overall Risk:Reward in such cases is very favorable if played right.
Exited at 394 in the morning with the fear of a slump again. But wow what a recovery, the fundamentals were absolutely good and so were that of Muthoot which dint recover as of now, still holding onto it.
Allotted, I just applied 1 retail and got allotted. The curse is broken after 1.25 years. Maybe I should just apply one lot from now on. Applied with FF on rashi, let's see what happens.
123.1. CB☺| Link| Bookmark|
February 13, 2024 7:33:34 AM
IPO Mentor (1400+ Posts, 400+ Likes)
@Unlucky investor Great that you got it working. Now change your name to Lucky Investor so that positive energy prevails🙏