KN Agri Resources Limited IPO Message Board (Page 1)

Selling*

since people bought at low levels are booking profits and new people are also coming to buy for holding longer so this much of volumes which is good for share in longer run. Share crossed 185 from 130 levels in continuous run so today it closed in negative.

@Lokes, Any estimates you have for this stock just as your personal estimates? Would like to hear your view. I am also holding some lots since 146.

@venkatram: In my opinion, for medium term, share price will mostly depend on results so if results are good for last second half financial year it may come around 220-230 in 2-3 months.....and in short term for around 1 month, i think it may move between ranges 160 to 200 around....
Holding it for 6 to 12 months will be rewarding i think based on past experiences....it may become 4-5X

@Lokes, Thanks a lot for taking the time out to explain your outlook. Much appreciated.

@Venkatram: today only it came 220 levels....giving good moves....
it proved to be a good bet to buy and hold.....lets hope it won't break 200 levels now for short term and keep holding....

i think Just wait until LC opens....keep tracking daily and buy soon once LC opens anyday....

Wah Lokes. Even after wrong prediction and trade and try to make this a trading platform just to persuade others to buy so you get chance to exit.

@IPOANALYSIS

Lokes didn't say buy immediately so that he can get a chance to exit. He has clearly mentioned buy ONCE the LC opens. He can exit anyways once the LC is opened and doesn't need to tell others to buy after that fact.

Volume today so far 656000 shares

Hi Brother IPOAnalysis , Many of us are getting benefit from you ,lokes and other experts . When you take it personal , things won't be like that , will try to oppose anything and everything. By this we will get confused and no one will get benefitted.
My request is to take a step back and please provide your analysis with out opposing each other.

@lokes thank you! today in UC, sooner it will cross your buying price. All the best.
Lots of buying order pending, I have to wait now to get executed.

@bumblebee: hope you understood now why i said to buy soon after only LC open so that you don't suffer loss also in further LC if happens and you won't miss chance also since i knew as soon as LC will open it will convert to UC.
@MK: common sense is needed to realize that, if that was my motive then i wouldn't have even posted that i bought it after it hit LC and i would have kept shouting to others for buying daily but i give logical replies.
Tomorrow i will get kn agri above my buy price, like today i got swaraj above issue price.

@lokes I exited my holding today. I don't like stocks that move only from circuit to circuit and at close there were just 60 buy orders pending. Maybe I made a grave mistake but I got a sixth sense to sell and book the profits.

Best of luck to you guys...hope it goes from ckt to ckt and you all keep minting.

@noorul Today I behaved like common retail 😂

@MK: ya its ok for you to book profit since you were allotted anyways in ipo so already having good profits. I think some days UC it should have since some big players might have bought/accumulated it today so they will try to keep prices up i think for some days.
Thanks for your wishes :)

@lokes I received your message late till then it hits UC, Ha ha my bad
Now have to wait! thanks for suggesting, still watching closely.

@Kundan Mishra,
I was busy in the morning, after seeing LC, I left it for tomorrow to buy around 10 Lots (atleast), lets see.

Thanks

@MRavi Sir,

Seems another LC to come on 30th in KN.
31st onwards KN might become rocket.
Holding 1 @ 146 and intend to add one more tomorrow.

@MRavichandran have you bought today kn or planning to buy at which level?

@Kundan Mishra, @Denim,
I did not buy yet. I will wait for tomorrow if LC breaks, then I planned to enter.
my humble opinion, those who bought can hold for few days, once the tide turns, few UC for sure.

p.s: please do your own research and take call depending on you risk appetite.

Thanks

@MRavi Sir,

Could you add today?

@Kundan Mishra,
yes, ordered 10, got only 3 lots at 146.3 (7 not executed), happy with 3 nevertheless.

Thanks

@JAI MATA DI,

very informative.
Where to find the GMP & NII funding cost for SMEs?

@JAI MATA DI,
Could be a good decision. Thanks for your post about GMP, NII cost & listing price with some examples. (I still believe, in SME's GMP is not so much correlated to the listing price. its more of operators game combined with those weak hands want to sell desperately at any cost). All the best for your remaining one lot.

Thanks

@JAI MATA DI,
what could be the price of KN if hold for 6 months ?

Dear MRAVI. Your opinion about SME GMP is right these are well played by operators and GMP not matter for them. But specially for KN AGRI This is 1st IPO in which NII were much interested and take funding from NBFC. As well as this is first IPO in which NBFC take risk and funded. so my opinion about GMP is apply for only KN AGRI SME. not for all SME. but GMP matter apply for all main board IPO. THANKS.

@JAI MATA DI,
yes, you have a fair point about NBFC funding in SME and GMP correlation.
Many like me thought wrongly that NII 771 X, will shoot on the listing day (operators knew & waiting...). I was wrong, and my apologies.

However, with my limited knowledge (though I was wrong in many, only very few got right), this 'KN Agri' will be one of the few best SME's for those who have patience few weeks or next QTR results. (I have no vested interest until now in this)

Thanks

@MRavi

I have a contrary view here.... I will sell my 1 lot as a trigger sell once UC opens, either today or tomorrow ... The reason for this is the very small float that can be easily manipulated by the operator as we have seen since the past 2 days. I would rather take profit off the table rather than being turned here or there by the operator.

Yeh funds aur kidhar deploy karke wapas paise bana lenge... And if it again enter a cycle of LC, then can enter again.

@lokes , I bought too at 153.65 and swaraj at 56 :(. Not sure where it will land up ..
too hyped KN agri story??

@lokes Hindsight is always 20-20 and is either remorseful or with a happy feeling with a pat on the back :)

With such a small float, strong movement either way was expected. Hold on to it now with patience... if people DELETE THEIR SELL ORDERS and stop the panic selling, then it will form a stable bottom faster.... else shares will be cornered and then the game will start.

I'm still holding onto my 1 lot.

@M.k. All those are selling at lc are retailers.. from the beginning I hve feared in my mind that 35 % retailers might not able to understand the value of kn.. agri and give it a selling pressure..
Finally Fear came true.
120000 rs profit more than enough for a retailers.. and the one who want to enjoy with this profit..
800x hni is not a joke. Anyways I bought 2 lot in pre open for a long term view.
And Yes Swaraj listing was full of surprised..
Smes are now showing there true color..
Somewhere I believe finally we had witness fire in a fair.

@noorul Fire in the fair indeed !!!

Also retail samjhega nahin ... Isi mentality se multi bagger nikal jaate haath se aur multi beggar reh jaate.... Losses should be cut more ruthlessly than profit making shares.

Also, an interesting point to note is that very SLOW buying is still on in KN Agri.... Lot by lot... On lot trade at 1.41 PM... Then another at 1.49 Pm whereas Swaraj has had the last trade at 12.02 PM

After initial settle down more than one lakh shares brought by lot by lot. At around 10:30 it was less than 18L now it is almost 19L

It crossed 19L now

Yes sme is showing true colour but i believe in long run company can do good.
Reason for lc is People applying for listing gain has increased a lot. Earlier 50k retail application was high now 50k is very easy for moderate ipo itself.
Swaraj i really got shocked it got listed at par and people Are ready to sell at loss.
Kn agri & swaraj both are good company, but i feel till uncertainty of war goes no one wants to hold a sme since liquidity is not there.
I am telling you because i am at😬 terrible loss but i am sure it will recover.Those who are thinking sme is a luck/gamble won't like this ,good companies will definitely bounce back but no one can exactly time it.

Lagta he kal 1 lc than uc stared till 200

Why folks are selling swaraj in loss.. dats a pinching question. They are reacting as if sky has fallen today or world is going to b end by tomorrow.
It has a gud balance sheet with decent subscription number.. and fair value too. If they remove there sell order eventually its gives some kind of confidence to buyer. What to say.. they are digging there own grave as well as ours.

Participation of retailer have increased many folders recently. I big percentage of them applies only for listing profit and operators know is very well. There has been downward trend post listing in most of the recent IPOs. A buy today at these prices would have been a good decision normally but seeing trends I don't know.
I hope for normalcy soon.

@Avenue,
you made a very valid point (about big retail participations in recent times for listing pop-up by majority)

@lokes,
you will not regret for buying this, I hope. Of course, when operators knows the investors expectation, they will come with a bang to prove everyone wrong. (this is a lesson for all of us)
(we all know with low expectations, like a 'Shigan' performance, even with a weak market, it went 20% UC).

SME is all about luck. As you said, we need to reduce our expectations.
My personal message to the new SME investors is that enjoy if the allotted going to be a multi-bagger. (and ready to accept equally if it lists below par or going down 20-30% discount like a precision, that's the risk in SME. but main board IPO;s are bleeding more than SME's recently, many off them easily 50% wiped off from listing or even IPO issue price)

Thanks

Market is doing well. It was up yesterday and even today. Both Swaraj and KNI agri does not have anything great to buy. Swaraj ha huge debt and KNI agri is good only below 100 as have static financial. KN agri was good to apply in IPO price

@lokes @MRavi
so strange to see LC after getting subscribed 151 times. don't know when will this end. hope it doesn't touch issue price

@Mravi sir: yes this is also important as you mentioned:
" when operators knows the investors expectation, they will come with a bang to prove everyone wrong. (this is a lesson for all of us)"
So on a lighter note, sometimes i feel i/we should not give our opinions in much hyped ipos about listing/buying/selling ranges as big people/operators might be checking this forum and everyone's message ;)

Anyways swaraj has already reversed and hit UC today and came near issue price and tomorrow may close above issue price and coolcaps reversed from first day itself after bad listing and giving good profits now. Debt etc doesn't matter so much unless company is growing in business/profits.
So now We will be in waiting mode for kn agri, looking at trade volumes and pending volumes, it looks like it will take longer here and we will be stuck for little longer.....lets see.
And as you informed, Shigan became my first sme having doubled from issue price, from all sme ipos whatever i got allotted and holding :)

@abby: looks like optimism and expectations were too high here from everyone :)

Debt plays very important role . This is the reason Shigan being almost debt free and growing has given spectacular returns. This is the reason that Swaraj,coolcaps ,Sp refractories have lacklustre listing. Remember with Coolpad subscription the price currently is also bad. Nothing to be overjoy with the fact that it listed at below issue price and even current price is nothing to pat your back upon.