@rohiitian - Maybe somebody has insider info of TN hospitals contract outcome. Continuous buying happening in GM 🔥 I have all the positions open as now, thinking of keeping open looking at unusual buying interest from GM punters.
@GrayIsTheNewBlack For same reason of strong gray buying, have applied 5x BHNI (82 lots, just trying luck with odd-lot size again). Oversub is ~10x, so mostly 5 apps should suffice (or maybe 1-2 more 82 lot apps will anyway be there).
@Deeep In my view yes, it's very cheap and FY'24 results as management have guided is not yet priced in. Beyond that you need to keep track of the company - with SME stocks anything can happen.
@rohiitian - seems like all the GM buying was speculative in nature. GMP crashing now. Although mind says it won't list negative but heart is saying this will go the same was as recent mainline IPOs.
@GrayIsTheNewBlack My 82 lot strategy didn't work - no allotment. Others also must have applied in that category, and probability wasn't in favor - for good or bad time will tell. Maybe GMP crash is because market fell today.
@rohiitian Not allotted 0/11 bHNI Got way more than average allotment in RK Swamy. So - registrar must have thought poor guy is already bearing good amount of loss lets not add to it 😅
@GrayIsTheNewBlack 😂😂 Now that we haven't got, it'll list positive. Registrar will feel bad at us missing out and give extra allotment in next IPO that lists 5% negative; and the cycle will continue :P
77. Seth.| Link| Bookmark|
March 18, 2024 3:29:59 PM
IPO Guru (1100+ Posts, 500+ Likes)
I'm avoiding because business and sector is not attractive. Updater services in same sector trading at lower price to sales of 0.9 only while Krystal coming at 1.10. PE is lesser but seems margin are manipulated for IPO listing price to sales gives better clarity. Also QIB subscription and current mainboard IPO trend adds more risk so better to be safe. Gray market very huge trading happened so listing would be like satta. If anyone get allotment then must exist as long term doesn't looks good business still I may prove wrong here 🙏
77.1. Seth.| Link| Bookmark|
March 23, 2024 3:45:48 PM
IPO Guru (1100+ Posts, 500+ Likes)
As expected satta happened for for listing and hope mostly exited on listing because not a long term story...
Seems true. Counter was more of a listing gains IPO kinds than long term candidate.
76. svh| Link| Bookmark|
March 18, 2024 3:29:06 PM
IPO Guru (2400+ Posts, 3600+ Likes)
Promoter of this company Prasad Lad , Maharashtra BJP & peer group company SIS both belongs to BJP politicians & more than 50% revenue depends on Government contracts only. ( SIS - Piyush Goyal )
🙏👍
76.1. svh| Link| Bookmark|
March 21, 2024 5:24:30 PM
IPO Guru (2400+ Posts, 3600+ Likes)
Something similarity between the two
Both these companies Krystal & SIS opened with premium above issue price and in the end closed below issue price. History Repeats
🙏👍
76.2. arunARUN| Link| Bookmark|
March 24, 2024 9:46:07 AM
IPO Guru (1900+ Posts, 1600+ Likes)
I think you are wrong about SIS. Yes it is politician company but those belong to Bihar.
70.6. CJ ROCKS| Link| Bookmark|
March 18, 2024 2:19:08 PM
IPO Mentor (500+ Posts, 300+ Likes)
@Heritage Wale Thanks🙏 sir for your updates. In technical term the GMP touches all time time high breaks the resistance level of 90. Now it is in uncharted territory huge short covering can be seen 😉🤣. Sir keep updating 👍
63. antarix| Link| Bookmark|
March 18, 2024 12:10:09 PM
IPO Guru (1100+ Posts, 700+ Likes)
Company's financials, PE ratio, work profile etc all are ok. I am just watching the QIB participation, if it comes out decent, then will apply even if GMP is low.
63.1. antarix| Link| Bookmark|
March 18, 2024 2:55:48 PM
IPO Guru (1100+ Posts, 700+ Likes)
QIB response not good so far, so not applying in HNI quota. Waiting for some more time in Retail category.
62. Mr. Singh| Link| Bookmark|
March 18, 2024 2:38:27 PM
IPO Mentor (700+ Posts, 500+ Likes)
HNI are very enthusiastic for this IPO. No one is waiting for QIB. Are they taking risk or grey buyer?
62.1. Seth.| Link| Bookmark|
March 18, 2024 2:42:51 PM
IPO Guru (1100+ Posts, 500+ Likes)
Exactly. HNI sold in gary mostly and those are applying
Investors ka inverters ho gaya... to koi wo hi highlight karke reply kar dete...
59.2. MuStrFc| Link| Bookmark|
March 18, 2024 2:17:55 PM
IPO Guru (1800+ Posts, 1000+ Likes)
@VIPVIP I am skipping, as the dependence and future prospects of company seem to mismatch. Given the current sentiments in market, it will be available at a lower base after listing imo.