In recent months , Investors have evinced interest in IPOs and successful allottees have reaped profit bonanza. IPO activity is gaining momentum. Will those Companies which missed the opportunity earlier, come out with new DRHPs or dilly dally this time too and miss the bus ? EMCURE is one such Company which has been missing the IPO bus .
There is one IPO of UTKARSH closing tomorrow for 500 crs. Fresh issue with with hefty premium of about 55%. Issue to be subscribed heavily with allotment chance difficult. Only 10% for retailers.
Next IPO of Netweb opening on 17th and closing on 19th. Issue size more than 600 crs. More OFS and less fresh. Apart from this FV of Rs.2. My main concern. I always belive. Figures of financial for a company established in 1999, at very lower side. Last year's financial on very high side. For retailers 35% is good. GMP showing about 60%. Chances of allotment is better than UTKARSH. Unblocking of funds of UTKARSH will not be available for Netweb. With limited funds and to subscribe in sHNI in both the issue will be a bit problem. So one has to decide whether to give priority to UTKARSH or NETWEB according to availability of funds. Cash rich members, always rich and no problem, are likely to subscribe with ff in all. Best of luck.
@PKRAJ for retailers with limited fund which do u think is good for listing gain and which is good for long term Also what is ur plan ???
56.3. ipo share| Link| Bookmark|
July 14, 2023 7:04:23 AM
IPO Guru (1600+ Posts, 800+ Likes)
@PKRAJ You have covered both the Main Board IPOs in a very precise manner and rightly pointed pointed out the confusion of small investors with limited funds. I feel there is no easy solution to the problem. Whatever decision we take, luck has to play a major role.
@Dukes , @Rafiq For the point of listing both are very good. For long term, difficult to say in present circumstances. To apply in both as financial availability. Better chance of allotment in Netweb because of percentage of reservation. Allotment is luck only and not in our hands. @ipo share has correctly said, the solution is not so easy. Both are good at present. If you have funds, apply in UTKARSH today first as it is closing today. Think for other on Monday and thereafter.
Which bank/nbfc is good for ipo funding without opening demat/trading account with them? - minimum/maximum loan amount - margin required - interest rate - charges
I believe those valuations are cheaper If you calculate the valuations on Next year's expected forwrd earnings then PE comes around 34.2 Cheapest among all the peers in whole world
Experts Please guide me. I have applied in hni catagory by tick at cut off price in utkarsh ipo Someone told me that my application is invalid because I have not entered manually upper price band 25. Can I cancel my bid and apply again
First I would say that based on the ipo size natweb is a bigger ipo and retail has 35% Also funds should be available for the retail as many would have participated in UTKARSH and other SME IPO
48. abc xyz| Link| Bookmark|
July 13, 2023 12:46:08 PM
IPO Guru (1400+ Posts, 1400+ Likes)
Patanjali OFS
The OFS will be executed over two days, with the offer being opened up for non-retail investors on July 13, and for the retail investors on July 14,
Today it's down with -5% ckt @ 1165 & tomorrow too it may be again -5% ckt. In this case not much steam left for the investors. Let's wait & watch
Hello Sir@abc xyz , sorry to spam in wrong thread. I am very new to stock market. I have bought few syrma shares after your comments 6-7 months ago, on 60% profit now. As a newbie I was also frustrated with the stock movement initially. Time teaching me patience is important in stock market and stay not too greedy, when your target is achieved move out, don't look for bottom to buy and peak to exit. Thanks for sharing your views and knowledge!!
47. abc xyz| Link| Bookmark|
July 13, 2023 12:26:35 PM
IPO Guru (1400+ Posts, 1400+ Likes)
Data Patterns today touched 2250 level. I was constantly writing about this stock from 1300 level. Still great going.
47.1. Aman Ipo| Link| Bookmark|
July 13, 2023 12:37:58 PM
Top Contributor (400+ Posts, 200+ Likes)
!OFF TOPIC BUT SERIOUS! Sahi meh yese kuch possible hai agar kisi ka friend KFIN/LINKINTIME Meh kaam kar raha ho aur usski madat se vo appna allotment fix kar vale . Last IPO Muje jo allot hua vo hai HARIOM PIPES Dukh dard peeda katam nahi hota
Somehow, even if your sibling is working with Linkintime or Kfintech, they can't help. These companies have a huge team working on different items, you never know who gets pulled on what project to work upon.
Furthermore, the lottery system is something set-up as an algorithm in system which automatically pulls the PAN/Application for allotment considering BoA, which can't be decided by our known person working with registrar.
Finally, in case if you are not getting any allotment done from long time, then I would suggest to contact your Broking platform and ask them to update KYC for your account, that might help.
By god grace..got allotment in Senco and Ideaforge after almost a year 😀
46.5. jajo| Link| Bookmark|
July 13, 2023 6:07:14 PM
Top Contributor (300+ Posts, 200+ Likes)
The allotment process is not in the hands of registrars. Registrars have to provide a list of all valid applications to Exchange to finalise the basis of allotment ratio and accordingly based on that the registrar make allotments/refunds.
But exchanges don't give the names of allottees. So eg. Exchange gives BHNI ratio 25,000:4,50,000
Registrars can choose a few say, 10-20 people they know and rest random. No one's gonna question. (If you're thinking of auditors, vo dudh ke dhule nhi hote)