Since large junk of shares is with HNI's and very less with retailers, it will give good listing gain and move upward after listing. My guess is listing will be around 110-115 . I will not sell and hold it for some days for better profit.
30.2. Earthking| Link| Bookmark|
July 11, 2022 10:50:35 AM
IPO Guru (1300+ Posts, 500+ Likes)
@Dinesh singh , please watch BoA in chittogarh page , then say this ... Ur view is applicable in Kesar India not in Mangalam
I have applied one retail UPI application each in Mangalam and Kesar. Will decide tomorrow. It will not be accepting mandate but buying one lot in both of them. Gut feeling one of them will give good return, which one, don't know.. After seeing results of Goel Foods and Rachna, I am watching each sme ipo with greater respect.... :)
@Kundan... I sold it at 102 in the morning only. You may hold it, I was not happy with the listing and also post listing price which is still static at 102-103. I thought it will go down but has not so far...
@Avenue sir, Ty for your quick response. Yes, it did not perform as expected, rather shown LC. Even, no sign of UC as of now. I see that less than 10% of the total IPO shares is traded. Hence, holding with a stop loss at no profit-loss.
I am holding 1 lot KCK and waiting like many to cross 30. Allotted 1 lot SKP.
@kundan yup less than 10 precent of the share has changed hand and I think one big chunk of 2 lakh share has been puchased by the operator to maintain the price.... Just a guess.... Kck will reach above 30 and then there would be selling pressure .....hope it survives
Experts please post you final thinking whether you would be applying this IPO or not.
20.2. lokes| Link| Bookmark|
July 4, 2022 3:06:56 PM
IPO Guru (4400+ Posts, 5100+ Likes)
this company is related to metal sector which is in downtrend now after enough rally.....so it can be a risky bet....issue size is too big, thats also a negative point....subscriptions are ok for HNI and poor for retailer so everyone will be allotted in retail....i may apply 1 lot using upi around 4pm after seeing final subscriptions....if HNI crossing 3X, i will go ahead and apply 1-2 retail applications
20.3. MehulStk| Link| Bookmark|
July 4, 2022 8:57:01 PM
Top Contributor (400+ Posts, 100+ Likes)
@lokes sir are you gonna accept the mandate? its sub below 3X.
20.4. lokes| Link| Bookmark|
July 5, 2022 1:10:44 PM
IPO Guru (4400+ Posts, 5100+ Likes)
i didn't accepted....actually i forgot to accept, just now got reminded and now time is over.... it can go anywhere after listing....if less retailers so operators game may be there...