@Tejas Pandya Good morning. Hope all well. What is your opinion about Jyoti ? Hope you might be having good information. If possible, try to share. Is it like *Jyot se Jyot jalate chao*. You are also a big HNI of this forum and I am happy for you. Have a nice time.
This is a good company , i personally went to company headquater 4-5 times in Rajkot. they also have 2-3 other place where they manufature CNC machine. and its good reputed name in rajkot for many years in machine industriy. Apply for Listing gain as of now. then wait for proper base setup for long term.
Rajkot investors please share your views for the benefit of CG family members..:Thanks
275.3. Mr. Singh| Link| Bookmark|
January 8, 2024 12:30:17 PM
IPO Guru (1000+ Posts, 600+ Likes)
Company and products may be good. But not much listing gain possible. Also risk of listing loss is there. With good order book it may be good for long term but that also depends on order execution. And for long term many good options available.
Being rajkotian I have already expressed my views influence by some near and dear ones of close to co. Investors not keen to go FF in Rajkot. Wait for anchors.
Purpose of IPO to clear loans
Good order books but no clear-cut plans for expansion
Nothing much other than , it's from Rajkot
Market is due for some corrections.and GMP is irrelevant recently
275.5. Sharvam| Link| Bookmark|
January 8, 2024 1:00:37 PM
IPO Guru (1300+ Posts, 800+ Likes)
I agree with Harit, there's no good feedback about this company, as employees doesn't get salary in time. Company want to reduce huge debt by investors money.Good order book is one thing but execution of order book is another thing.
So don't go by GMP. They will try every trick to keep above offer price.
I will not apply in this ipo at current GMP. It's better to invest in secondary market then to invest in this highly risky IPO.
@Sharvam How will IREDA reduce its debt (maybe approx 39,850.19 crore debt) .. from its own pocket or from ipo proceedings .. or from international loans (ADB i.e Asian Development Bank or World Bank) .. 🤣
GMP is rising day by day, but have to wait till 11th Jan to take final call. It depends on QIB subscription (which if surpasses 100 times, then this can give us some returns) as well on last day around 2pm IST
Everything 'big' in this company feels like Paytm-like big, especially the risk.
Though in a bull market anything can sail, I would prefer to put my very limited money in recent 'Good' evaluation companies for long term since their prices currently seem to have stabilized and below a safe entry point. Safe only for long term, can't say about short term.
₹८० में जोरदार बेचवाल छै पहलै माथै सबजेक्ट टू बेचनै भरण वाला फायदा मैं रैसी! लिस्टिंग पर नफा की कोई गारंटी नहीं छै! गला मैं घंटी आ सकै ! सोमवार का राम-राम सा !
If your only aim in life is perfection then you'll never hit target 🎯.
265.3. Basuvr| Link| Bookmark|
January 8, 2024 7:50:48 AM
IPO Guru (2000+ Posts, 1100+ Likes)
@Harsh Newguru Best is to check with your broker. Dealing in Grey market is highly risky and depends on mutual understanding between you and the person you deal with. 🙏
264.2. MuStrFc| Link| Bookmark|
January 8, 2024 12:41:47 AM
IPO Guru (3000+ Posts, 2400+ Likes)
@Pangaj Don't be like me Yes you can use savings money to create Money Multiplier FD and earn higher interest on it while also utilising the same for IPO application
I am trying to open Icici money multiplier fd account. The bank staff not aware of this money multiplier account. So planning to open basic savings account and then plan to use this as money multiplier account.
@Pangaj Don't be like me There is no Money Multiplier account, it is a type of a FD (flexi/linked FD) that you can create after opening a savings Ac.
You can use that Money Multipler FD money to apply for an IPO without breaking it. The FD breaks if you get allotment and you do not have enough funds in savings Ac.. Hope this is clear..
264.5. Basuvr| Link| Bookmark|
January 8, 2024 7:37:03 AM
IPO Guru (2000+ Posts, 1100+ Likes)
It is 10k for a NORMAL savings account.Tell them to open regular savings account..
264.8. JSK✨| Link| Bookmark|
January 8, 2024 1:36:22 PM
IPO Guru (1600+ Posts, 900+ Likes)
@Pangaj Don't be like me They might have told you to open account with initial 50K and then withdraw it to keep min balance 10K. You might do money multiplier FD of 50K and use for IPO or any kind of transaction.
First IPO of this year on cards. Every thing big and only big, except GMP. Good size issue of 1000 crore and that also, Fresh and not OFS at all . As the members and the company, a very good sector. Supplying to big and very big companies. A very old company from Rajkot. Expecting a good company like Rolex Ring. Just for those who totally believe in Mr. D D, it is may apply and not apply. In my opinion inspite of everything big, such an old company's PAT of f y 21 and 22 is negative. Why ? Pricing on very high. FV Rs.2 only. Even EPS not at all good. Just Re.1. Revenues not so attractive for such and old company with supplies to big guns companies. PAT of current financial not likely to remain as of 23 looking into six months of 3.35 crore. May some debts will be prepaid. No doubt 10% for retailers will attract good subscription figures. Market conditions of next week is very important for listing. Market operators may play any game. Please do proper homework from all sources and decide accordingly. All that glitter is not gold. Sometimes others also.
In RAJKOT people whom I talked are not enthusiastic about........
though social and political influence of promoters looks good.
My investors, friends are reluctant.
They decided not going FF rather only taking risks of 15k instead of SHNI or BHNI
I can apply 1 BHNI+4 retail , but I will decide on the basis of anchors list and final day afternoon data of subscription and that only for listing gains, anticipation of SATTA as co. Belonging to Rajkot
Operators can manage GMP . So don't take decision based on GMP.
263.2. CB🤗| Link| Bookmark|
January 8, 2024 12:41:42 AM
IPO Mentor (1400+ Posts, 400+ Likes)
Based on verdict by D.D sir, will skip it. If it gets correction post listing then may buy. Put all fund in good SME in meantime to try luck in doubling trippling,😄
Where is my allotment ji, Please carefully go through the following lines of PKRAJ Sir. “In my opinion inspite of everything big, such an old company's PAT of f y 21 and 22 is negative. Why ? Pricing on very high. FV Rs.2 only. Even EPS not at all good. Just Re.1. Revenues not so attractive for such and old company with supplies to big guns companies. PAT of current financial not likely to remain as of 23 looking into six months of 3.35 crore. May some debts will be prepaid. Please do proper homework from all sources and decide accordingly. All that glitter is not gold. Sometimes others also.” What made you to comment like that? Please be polite. I strongly disagree with your irrelevant and unjustified comments. Please reconsider your comment and react accordingly.
263.5. Basuvr| Link| Bookmark|
January 8, 2024 7:45:54 AM
IPO Guru (2000+ Posts, 1100+ Likes)
@KAMMA SIVA RAMA KRISHNA Sir. Just ignore his comments, all his comments are baseless. Yesterday he posted many comments on OLD pages and eventually will like those posts with multiple fake IDs
Where is my allotment is alias of mukesh elon maast
@KAMMA SIVA RAMA KRISHNA@Basuvr Thanks both of you. In my view it is better to over look such comments. Fact always remains truth. You know that I have not replied. No need to indulge in arguments against such post. @harit Seems to me correct. I have doubts which I have not shared directly. Better to be careful. May give listing gains but market conditions will play its own game. Wait till last day if want to subscribe. Wish you all a happy new week.
Inspite of all odds, the subscription figures of Retailers is very good. Only 10%. To take a risk for 15k looks not bad to investors. Not sure that going to list in negative. Company will definitely play game. GMP improving. But to be very careful. Risk takers are going to subscribe and have already subscribed. HNIs have also subscribed. Now the figures of QIB is to be seen. 75% for QIBs. For small retailers with less risk appetite better to avoid in view of other issues. Decide at own thinking and not entirely on others views. You are only the best judge of your investment. Good night.
263.13. Rakcyt| Link| Bookmark|
January 10, 2024 11:38:00 AM
IPO Guru (1300+ Posts, 1300+ Likes)
Let me be very honest in admitting that such discussions give you fair idea of what to o and what not to do . I immensely benefitted when applied for Zomato ( @76 sold at 160) and Nykka ( sold on listing day) ...missed Paytm ( lucky enough)...had LIC( holding to cross threshold) .....the point is RISK taking appetite has to be there if you want to venture deep into sea and look for pearls.
The view points expressed if summarised point to QIB subscription as well as overall subscription and GMP on last day plus one's risk appetite to land up either way . I gonna wait till 2.45 pm trow for sure .
One can apply in different categories of an IPO like BHNI, SHNI, Retail and other categories like share holder or employee category if provided for. In case of employee quota, elegibility is confirmed if one is bonafide employee as on date of applying.
261.2. Basuvr| Link| Bookmark|
January 7, 2024 10:11:06 PM
IPO Guru (2000+ Posts, 1100+ Likes)
@Mihir Domadia Allotment in Employee Quota is proportionate bases with minimum 1 lot.