Jyoti CNC Automation Limited IPO Message Board (Page 21)

same with me

Majority are cautious on this scrip. From MAY APPLY tag from this forum to only HIGH RISK averse should apply from so called expert of Zee business, one may take own call seeing QIB subscription figures and prevailing GMP at that time. Even though retailers have shown enthusiasm on first day as evident from subscription figures, GMP has dipped from 100 to 68. Better to play safe than join the race.

sab
funda .... Ka.... mental ...he😀😃

​@HappyToHelp Sir what is your stoploss in Mahindra Life ?

Thank you for your reply

Did he got banned due to discussing stocks?

​@UjwalG Possibly🎲, this must be the reason.🔱

I think so..

Guys I could check his previous posts and understand the reason . It's clear that he has posted picture of Anil Singhvi and Zee Logo too with detailed analysis of this stock and could be the naked violation observed by CG. What's the need of this as we all know even Zee can sue such people/ group 😞 posting or misusing their name.
Let's avoid this in future and follow basic rules srt by SEBI.

Latest GMP 45 may get listed at discount.

@UjwalG @VVIIPP 

Discussing stocks might not be the reason for the banned but it should fall into warn (if admin really does it). We can discuss stocks too especially in particular page. I suspect personal twitter or post violation where many other members are also banned (however rest abused the forum).

@Admin @ Chittorgarh.com @Prachi @ Team Chittorgarh.com 

1. Can you send the rules page url to all?

2. When do you warn the member v/s ban the member?

3. What are the rules for the banning forever v/s temporary?

4. What kind of violation done by newgen which lead him to ban?

5. Are CG decision final or may review particular user on request by CG members?

https://www.chittorgarh.com/ipo/ipo_discussions.asp?a=1611&c=715783&ap=0

https://www.chittorgarh.com/article/rules-for-posting-comments/250/

Guys I think he promotes other site on CG forum via this post. Ab CG vale apne opponents ko yaha pe advertising karne dege to unki dukan kese chalegi?

Not announced yet

​@Mercyless Bajaj Auto Biard has announced the Buy Back but the same has to be approved by the share holders. So, it will take time to announce record date and there after b b dates.
Additional information :
The board approved the the proposal of b b, representing 1.41% of the total number of equity shares of the company. Promoters are likely to take part in the b b. The acceptance ratio is likely to be very low looking into the price of b b and participation by promoters in b b.
Today the share opened at a gap up of more than Rs. 400 but closed at about Rs. 100 positive.
This may be the reason of likely low acceptance ratio fear, I presume.
Today's market, dramatic big fall from top.

​@Mercyless The complete Buyback process usually takes 2-3 months to complete from the board approval date. I expect record date to be somewhere in the month of February.

Some news related to promoter showing some revenue on his own books rather than on the company books

​@NEXT BIGBULL But it merely gives 15% returns in last 6 month. Valuation is half that of RR Kabel. I think @MongiaDaPutt is right. It is somewhat related to income tax raid.

Income Tax Issues are main reason of its fall. There are reports of income tax evasion and alleged undisclosed sums of over Rs. 200 Cr.
Company, however, is denying the same.

I heard that there will be 200 Cr income tax demand for the raid conducted some weeks ago.

It needs to be confirmed...

Is it a good decision to buy Policab at current price Rs4915? If yes for long term or short term? What will be the future impact of the recent Income tax raid? Please share your opinion.

Dear True IPO Lover. Tax evasion of Rs 200 cr is denied by company. Even if it is true a company with over Rs 14000 cr turnover can take this beating. Provided they are honest and careful now onwards. Valuation are expensive at this level but if you compare the valuation with R R Kabel or KEI then it is good for long term.

​@MiddleClassInvestor 
There is income tax raid going on from 28.12.23.
On that day itself I talked my friend to exit polycab till the matter settles.

​@nbachoo @IPOTraders Thanks for the response. Hope valuation is ok compared to peers. Shall I proceed for 2 or 3 shares? Planning for long term. Opinion pls

​@True IPO Lover Valuation is half than that of RR Kabel. It has PE ratio of approx 45 while RR kabel has PE ratio of 95.

Looks like Polycab game is over. Income Tax found 1000 crore unaccounted sales during raid. Thank God I didn’t buy. Stock fell 20% down today, only sellers no buyers

​@True IPO Lover Short sellers made great profit in it today. However, some clarification must be provided by company regarding IT raid. I am still at 100% profit and holding till final verdict as it already crashed 20% today and there are buyers at current price. Should not go below this level.

CNBC TV confirmed that nearly 33k shares (2.2% equity) worth ₹1,293 Cr change hands in multiple block deals today. This implies people still have trust in this stock or found valuation attractive at current price.

Some income tax raid is going on

Chances in retail for 1 lot and 13 lots is the same, so no point in applying 13 lots in retail.

As for 14 lots HNI, take a call on last day looking at subscription.

But i think chances for allotment will be better in retail 1 lot than SHNI (14lots).

Hope this helps...

In mainboard IPO there is no extra advantage in single application of more than minimum lot or lots in retail, SNII or BNII category if that category is oversubscribed APPLICATION WISE. So no advantage in single application of 13 lots

SNII 14 lots is better than retail category because in SNII category if allotted u will get 14 lots

First u have to decide whether to apply for this IPO or not

​@TryingForIPO If you have to choose between max lot of retail and min lot of HNI, it is better to go for one lot of SHNI ( about Rs. 2 L), unless you can afford to apply through multiple accounts ( family and friends) where it will always be prudent to apply for one retail lot ( about Rs. 15 K) for IPOs which get oversubscribed.