Madam I applied 78 shares does that mean I will be given the full 78 Allotment because retail portion is not oversubscribed
171.3. lokes| Link| Bookmark|
August 14, 2021 2:14:18 AM
IPO Guru (4400+ Posts, 5100+ Likes)
@raja hindustani: yes you will definitely get full allotment of 78 shares
170. Rafiq| Link| Bookmark|
August 11, 2021 6:35:09 PM
Top Contributor (400+ Posts, 400+ Likes)
My Friends,
Dont be in Panic, I have predicted for Sona,Kims, Anthony waste and Zomato when every Guru and chela was telling it will list at discount. (check my message on board)
I have applied for 3 Lots and will tell you the fact why i have applied for it.
1) I have not seen the GMP and do not know if it is there or not for this IPO. 2)I have seen 78 Lakh applications from Mutual fund out of 1.78 crore alloted to NII from NSE and 52 Lakh Application from BSE. 3)Overall 1.30 Crore application came only directly from Mutual fund and believe me wo log crores of logo ka investment account dekhte hai and they are not fool. 4)Total NII subscribed by 4 times which gave me guts to apply and not to cancel. 5)This company is into cement segment which is the booming sector and US government has yesterday passed infra bill and India is also doing great in Infra.
I feel those who have applied are brave and will get around 15-30% ++ at the day of listing.
Rafiq ji, You are correctly measuring above parameters about MF.🙏 These MF participation is always important in normal QIB subscription and Anchor list, this gives understanding of company long term view. And it also help to access risk . There were many examples like HDFC life, gland Pharma, BBQ, KIMS , SONA, . Nuvoco also could be list of this. I have already applied 3 lots single application as per my loss adjustment capacity. Also as per DBJ ji comment we also need to check before allotment how much % going where, if QIB getting large size of shares of total siz, then itS ultimately reducing -ve listing chance.
There is always risk but if we have capacity to handle risk then rewards are also more in such situations.
170.4. Rafiq| Link| Bookmark|
August 11, 2021 10:15:36 PM
Top Contributor (400+ Posts, 400+ Likes)
@KDKING thanks for your respectful post. I learnt a lot from you and everyone from here day by day.
You should post more knowledgeable post to make our people aware and new traders like us.
Thanks once again for your valuable advise on behalf of all group member...
You just considered the IPO subscription data. Did you bother looking into financials and how it compares with its peers? GMP might be shit but fundamentals should support the price. If there are so many cement companies what is special about this company that is asking for such high valuations? Don''t know where they sell their products but before this IPO didn''t know their products (probably because here in Bangalore cement means mostly Birla super and zuari for us)
I agree with the points made by both of you but just to put a counter-argument, don''t you think the subscription by QIBs are more of an desperate move to make this IPO sail through rather than genuine interest by them? Forget NII and Retail being not fully subscribed (you can say fund crunch due to multiple IPOs at the same time), but why QIB is just 4x subscribed? I read somewhere that it is the lead managers who take the responsibility of short fall in subscription numbers and if the IPO is about to fail somehow they fill the subscription numbers with help of QIBs because their reputation is at stake. Don''t you think if they kept something on table for investors instead of the exuberant valuation then subscription figures would have been better? What is your view on this? Thanks!!
Theres something called as valuation also. If the company is priced perfectly or over valued and there are lots of similar companies already trading in the secondary market.. then there''s no reason to apply for an IPO of the company. Fundamentals and valuations also matter.. subscription data is good for judging market sentiment and possibility of listing gains for short term players.. in the long run.. the business model, competitive advantage, differentiation, moats and valuations matter.
Ravichandran Sir, but this is not listing gain stock. As per Issue size and subscription numbers there is possibility of flat to -ve listing. Mutual funds applied from minimum 3-5 years of view. If you want to buy for long term then buy in parts instead of applying with full capacity in IPO if there is 100% full ALLOTMENT.
Aniket ji, If thought fit, to consider a proposal for Buy- Back of the Company’s s Equity Shares, constitution of Buy- Back Committee and appointment of Intermediaries in accordance with applicable provisions of laws. That is what was mentioned. Hence, I got a doubt whether they consider the aspect of buyback during the meeting. Let us wait and see. Good night, sir.
169.4. Aniketiaf| Link| Bookmark|
August 11, 2021 10:17:53 PM
IPO Guru (1800+ Posts, 10200+ Likes)
In between, Gandhi Tube fixed 27 August as a record date for Buyback.
Aniket ji, Thank you very much for your kindness in updating the information. The long waiting for the record date of Gandhi special tubes is over. We have to hopefully see and wait for a positive AR. Once again I wholeheartedly express my gratitude for your great help in sparing your valuable time to furnish your views.
>Star cement board meeting on Friday to consider Buyback . I really thank you for sharing such valuable info. Could you please also share how do you get such info. Is this available off the internet on some specific websites ? Pls take an example of this news and elaborate so we can further understand and do our analysis / researches independently . Again, thanks a lot !!
169.7. Aniketiaf| Link| Bookmark|
August 13, 2021 6:52:16 AM
IPO Guru (1800+ Posts, 10200+ Likes)
Vantage,
Such type of information are frequently flashing on my Ventura/Motilal Oswal app. Apart from this, I am going through Moneycontrol and The Economic times regularly. For a specific stock related information, Google Baba is always there.
Aniket ji, Very kind of you. Balrampur Chini shares are purchased with over confidence that the buyback process will be through Tender Offer this time also. But it is otherwise. Reasonable amount was struck up. Of course, I always believe that whatever only is due will come. Hence, I don’t have much expectations n I am happy with whatever I am getting. I shall be ever grateful to you for your kindness.
Aniket ji, I have purchased 500 shares of Star Cement @Rs.116.3 as I have seen the details of the buyback at around 15:00 hrs only. I am engaged other wise till then outside. Once again thank you very much for sharing the valuable information.