i have got SME ipo allotment for the first time. applied thru HDFC Securities online. Now for trading of this SME share, will it be the same process as we follow for mainline shares of NSE or BSE or some difference ? I am having my demat and online trading account with HDFC Securities. Somebody please clarify.
Process is similar, only difference is minimum lot size. You ideally cannot trade any shares less than the lot size which is usually 1L or above. More information google on how to trade on bse sme or nse emerge:
for ref: https://tradingqna.com/t/how-do-i-buy-nse-emerge-or-bse-sme-stocks/9070/4
Got 1/2 dnt sell a single share till 180 Qib and nii subscribed heavily so they will be buyer on listing Fundamentally strong stock with great growth prospects. Great chances to allotees to earn in this one as retail subscription was low
I might buy more in case it dosent open inupper circuit
I am interested in this IPO, company fundamentals are good. Very good demand from FII and QIB overall. Will see the subscription around 2PM and if goes above 3 times then I will apply. Good thing is retail subs is very low so far so we can get 1 lot by applying just 1.
@fanboy In Sagar QIB applied for 60000 shares means about 2.4 Carore rupees. Here in Jash they have applied for about 36 Lakh shares means about 43 carore rupees. Dont you see the difference? And Sagar fundamentals were bad, I wouldn''t have applied even if subscribed heavily.
@DEV, MY ENTIRE FUND IS BLOCKED IN CADSYS (4/5). REMAINING FUND IS KEPT FOR GODREJ AGROVET & MAS FIN. JASH IS GOOD, IT WILL DEFINETLY GIVE U 30 TO 40 % RETURN IN A WEEK AFTER LISTING. ALL THE BEST FOR ALLOTMENT TO U AND LONERANGER.
Order book - 196 crore Positive cash flow , reputed brand , growing sector with government backing Presence in multiple countries - US ,Singapore ,middle east countries , India 50+ year company Can we invest ?