Omkar Speciality Chemicals Ltd IPO Message Board (Page 4)

3 NEW - IPO
Cleared by Sebi
tentative dates
open on 21 Feb.
1.Acropetel Tech.issue size Rs.170 Cr.
2.Finoteex Chem.issue size Rs.33 Cr.
3.Shilpi Cables.issue size Rs.6o Cr.

OMKAR SPECIALITY
GANE
FINALLY YOU SOLD OMAKAR AT BELOW RS 40
YESTERDAY I HAD MENTIONED THAT RANGE WAS RS 58 TO RS 62 AND TARGET OF RS 65
IN MY SECOND QUOTE I HAD MENTIONED RS 65 TARGET AGHIVED THAT MEANS AFTER THAT YOU SHOULD HAVE ATLEAST SOLD 50% AND WAITED FOR ANOTHER 50% CHANCE WITH AN STOP LOSS OF 57 AS RANGE WAS RS 58 TO62 IT WAS QUITE SOME TIME ATLEAST FOR HOUR IT WAS IN THAT RANGE
IT WAS DIFFICULT FOR ME TO CATCH MY SELLING PRICE OF RS 80 IN DIFFRENT ACCOUNTS WHICH RANGED FROM RS 82 TORS 75
WITH 300 SHARES APPLIED IN DIFFRENT ACCOUNTS I GOT 90% ALLOTMENT FOR 60 SHARES FOR 9 TIMES OVER SUBCRIBTION I SHOULD HAVE GOT ONLY 20 TO 30% ALLOTMENT THAT MEANS SOME THING IS WRONG SOME WHERE IN ALLOTMENT
I HAD GIVEN AN RISK FOR APPLICATION OF 300 SHARES
AFTER I ALSO LOST BUT MY PROFIT WAS ADJUSTED TO TATA STEEL FOR THIS MONTH
GOOD LUCK

I sold it finally and buying reliance shares for tht amount.

Gane

MOIL

MOIL approves interim dividend at Rs 2.50 per share

Omkar (40).

Came just now. Shorted only 200 shares. Target 33, 23. Stop-loss 42.

Today I am gambling.

KK,

hanks for the info about losses. The damage is almost full done for this scrip. Some operators are just aquiring all the shares. See in BSE and NSE. Howfast the volume is increasing. They are going to play something. So I thought of wait and watch.

I hope that it wont go below 35. I can hold it for some days to reduce losses. At the same time your idea is right that I should go out and invest in some other scrip which will give returns to cover this loss.

I will update you soon about what is my position.

Gane.

@ Dinesh Singh

Thank you very much Dinesh

My name is Prakash. I created my ID in chittorgarh many years ago but I never post any comment. Just am watching the ideas of fellow members.

Dear Handsome
I am completely agreed with you and your message/reply was excellent. Every retail investor should copy this message to his desktop and read it before apply for any future IPO. I am highlighting the important points of your message one again for the benefit of others.
For this company(Omkar) HNI portion subscribed 4.82 times, QIB portion subcribed 0.82 times But the retail portion subscribed 9.39 times. So it means retailers like you and me are more intelligent than HNI and QUB. When HNI and QIB applied heavily for COAL INDIA, then why don't they apply for Omkar. This is the point you strictly follow from now onwards.

In so many recent IPO's retailer's quota was subscribed higher than HNI's and QIB's. Very good ipo's with grade 4 are quoting below par on the listing day or after few days. But worthless companies giving 50 -100% return on the listing day. So innocent retailers think that C graded companies like Omkar, Shekavati poly, Gallant ispat, BS transcom, Gyscoal alloys etc and companies which will subscribe low in the QIB quota will give good returns.

This is just the manipulation done by some traders/brokers in those companies. So some will give returns and some will give losses. If you want go for these type of companies you have to ready for both loss and profit.
Hats off to you once again and I think you are the best investor and most knowledge person in this forum. I can’t understand why so many people in this forum hide their identity, at least reveals your name. If you don’t have guts to reveal your name then don’t take part in any forum.

I lost a lot in Omkar and still holding as cannot sell in such a big loss. Can anyone pls suggest me any option call/put so that I can cover my 5k loss.

dear senior members,
i am a silent listener of chittorgarg for the last 4 months and has gained knowledge on ipo market a lot.i started applying ipo from cantabil and till now to omkar.out of this i gained in coal india ,oberai realty,powergrid,p&sbank,moil ect . make a loss in cantabil and in omkar.so it's o,k for me.having said that i could have closed omkar 76 shares at 85-88 instead at 65rs.i think to do that one need experience as sridhar.
now my question to senior members is can one select ipo purely from fundamentals or apply every one of ipo and close fastly when it goes below issue price which one idea is best and why?
thanks,
prakash.

Dear CLD,
I would agree fully with your view if Sreedhar is running a brokerage house, charging money and giving ideas to his clients. He is doing this like a social service in the midst of his own commitments. But somehow or other I see people constantly pricking him in this forum. I am afraid one day he would feel enough is enough and stop giving ideas. I have made money following his calls and I am sure many more in this forum would have. But anybody following him should not depend totally on him and should have some idea themselves. This will be helpful if he is busy and could not give further calls on his earlier ides.
I request people here to understand that he has a family, office and his own personal commitments to attend to. He can give ides only after fulfilling these commitments.

Dear Durai/Gane,
I am back.
Thanks for your concern regarding my loss in Omkar. I had applied 2 full applications. I was half sensing this and asked my broker to sell both immediately if it opens in the red. The first lot was sold at 88 and immediately after that the second could be sold only at 65. Then I bought some at an average price of 56 and sold them at an average price of 63. There ended my venture in Omkar.
My social commitments when I go to my native place do not permit me to concentrate on markets and so I could not do anything more to reduce the loss. I should have shorted as did Ravi Bangalore, but as I said I could not concentrate on that.
Durai, I felt bad but not exactly sad. If you start feeling sad for losses in market there will not be any end to it these days!

Source---Economic times


Go after corporates in 2G scam: SC to CBI
NEW DELHI: Broadening the net, the Supreme Court today asked the CBI to bring under its scanner corporate houses which were beneficiaries of the 2G spectrum scam without being influenced by their status be it millionaires or whether they are on the Forbes list.

Giving a free hand to the investigating agency and setting the contours of the probe, the Court asked the government to set up a special court exclusively to try the spectrum scam case.

A bench comprising Justices G S Singhvi and A K Ganguly asked the agency to lay its hand on the big corporate houses and the government officials who may have a role in the scam "as mere summoning them for examining them may not be sufficient".

"We have a large number of persons who think themselves to be law. Law must catch them. It should be done with greater expedition. Merely they are in the list of Forbes or they are millionaires does not make any difference," the Bench said after perusing the status reports filed by the probe agencies in which names of big corporates houses and their officers were mentioned.

Advocate Prashant Bhushan, appearing for an NGO , Centre for Public Interest Litigation, pointed out that the agencies have not questioned the heads of several companies including Swan technology, which was controlled by Anil Ambani's Reliance Group, when the spectrum was allocated.

At this, the Bench said "top authorities of the companies were not questioned. It is surprising that the Managing Directors were not summoned".

"Why CBI has not taken any action in this regard," the court asked.

The apex court said freedom of probe agencies should not be curtailed and they should go beyond the role of the four persons already arrested including the former telecom minister A Raja and tell the names of conspirators.

"This investigation has led to prima-facie conclusion about the culpability of four persons. What about the beneficiaries.

"They are part of a larger conspiracy. We want to know about them. You (CBI) take instructions and tell us what action you are planning to take," the bench said.

It questioned CBI's strategy of seeking short custodial remands of the accused and said it must have free hand to question anyone.

"There is something which is surprising. CBI must have a free hand to question anyone. Whether it's freedom is curtailed by seeking short remand....complexity is involved.

"It is a very complicated matter. We feel that investigating agency must be given free hand to seek longer remand. Otherwise the whole purpose of investigation is frustrated," the Bench said.

------------------------------------------------------------------------
Dear CLD Sir,
This was my post yesterday.
308.1. Sreedhar Feb 09, 2011 6:47:52 PM IST | Like (1) | Report Abuse

Sreedhar's - Stock Comments, IPO Comments, Public Profile

Beaten-Down Stocks? Short-Covering??
Ravi Bangalore,
Congrats on your Casino profit in ADAG shares.I have burnt my fingers heavily once in Satyam on that fateful day when it fell from 250 I bought at 80 only to see It fell to 50.its another matter I bought it again at 20 & sold entire holding at 50.That was the end of my gambling sessions .This fellow will be caught some day & then there will be no respite .Any how Relaince Infra has announced buyback it will flare up some more tmrw.
See Just yesterday I was saying This fellow will be caught & Today Honourable supreme court is almost imploring the CBI to arrest him.

Friends buy some out of money puts of ADAG companies which may cost only few rupees.

@Triple hhh

Hi Mr. hhh why you barbaad ho gaye yaar. Today Omkar lost just 52%. Why you are feeling so much panic for just loosing 52% only. Wait for at least 5-10 years then you will get good returns from Omkar. If you do not have that much patience then why you have subscribed for 7 lakhs(7140 shares). Primary market doesn't mean free earning of money. Risk is always there in the IPO market also. When you want profit, it means you have to ready for loss only. Otherwise get out of IPO's. You have applied for so many shares. When you not ready to meet the loss then why applied for that much shares.

I am not scolding you and in fact so many people like you, me and etc have much greed and going for IPO's. It is human tendency to earn something.

But we all are missing basics. I am applying for IPO's since 1993 when i am in the graduation. Now risk in the IPO's increased. Just on the 1st day of listing you loose 52% (even in a listed company can fall only 20% maximum in a day). A good IPO like Punjab and sind bank with IPO grade of 4 just given around 10% return on the listing day and quoting below the issue price today. So what will be the fate of companies like Omkar.

Omkar's PE is around 19 and very low book value. We have to compare it with the companies either from Chemicals or Pharmaceuticals. Many of the well known old and good dividend paying companies in the nearest sector PE is from 5 to 20 with very high and good Book values are trading in the secondary market. So instead of buying them why we have to apply for this stupid issue. Capital Market given 35 rating for the Omkar and it means a stupid useless company. But still you have applied for this company. For this company HNI portion subscribed 4.82 times, QIB portion subcribed 0.82 times But the retail portion subscribed 9.39 times. So it means retailers like you and me are more intelligent than HNI and QUB. When HNI and QIB applied heavily for COAL INDIA, then why don't they apply for Omkar. This is the point you strictly follow from now onwards.

In so many recent IPO's retailer's quota was subscribed higher than HNI's and QIB's. Very good ipo's with grade 4 are quoting below par on the listing day or after few days. But worthless companies giving 50 -100% return on the listing day. So innocent retailers think that C graded companies like Omkar, Shekavati poly, Gallant ispat, BS transcom, Gyscoal alloys etc and companies which will subscribe low in the QIB quota will give good returns.

This is just the manipulation done by some traders/brokers in those companies. So some will give returns and some will give losses. If you want go for these type of companies you have to ready for both loss and profit.

Just think the recent FPO of TATA STEEL. On the closing day of the FPO the price in the secondary market is just 15/- rupees above the FPO price and still retailers applied and subscribed their quota around 1.6 times. How the people can go for a margin of just 15/- or 2.5%. When stocks are falling 20% in a single day how can people go for it just 2.5% margin. If they really want that stock they may buy it from the secondary market by paying 15/- extra and they can sell even on the next day also. We have to go for these FPO's at least if we have 15% margin of safety.

So all these are our mistakes. Before going for any we have to think twice other wise we will loose money. Now the return from the IPOs is just around 10% on the allotted shares and risk is 20-50%. So we have to be careful.

So be careful from now onwards other wise you will loose your hard earned money and don't go for each and every IPO and FPO. If you did't get the profit no problem but loosing the money is painful.

In the last 2 years i hardly applied for around 10 IPO's.

So from now onwards be careful my dear.
By any means if i hurt you sorry for that

Mr. Sreedhar,

We appreciate your views and timely help you are doing. We are with you and noted the contents. but I admire at your vision on sip and your belief. Thank You dear friend.

Sreedhar ji

Very well said. I appreciate your views. Due to cirvical problem which I got a week back, Doctor has advised me not to sit before my computer for long hours as such I will not be able to track much from now onwards. I will not be able to see all your previous posts. Will you please list out, in order of priority, the multibagger stocks you advised for one year or more period to enter at current market price. Ist priority should be given to the top stock in the list.

Thanks

Dear Mr. Sridhar,
I have no any personal issue with you but I also agree with CLDs view bit wise. Infact I had also written the same earlier but any way I am not going to hurt you...
Bye as I don't have much time for chittorgarh ...
Thanks to all

Dear CLD Sir,
You are elder to me & also a most respectful person.I widely concur with you but beg to differ from you on few points.One,I am not a paid brokerage firm or run monthly subscription service to give calls at 915 am.Few of my friends bought shares like Alps Industries ,Empee distilleries,KCP & what not from so called experts that come on TV & who charge anywhere between 7.5 to 10 k for their bankrupt call.
At 915 AM I prepare to leave for office so I do not have that much time.3 months is a small period,you please check if you have time last 1 year posts especially about SKS Micro,My Inflation call which are visionary.See my call on ONGC recent one,I post whenever I am free .
Second,I am a good believer in SIP format.I have already posted a couple of days back.Whatever I earn in trading a good percentage of it I Invest in Mutual funds.
Three,When I sense oppurtinity & value,I Invest in shares & sell them when I feel the share has reached its fair value.This way I earn more.
When market was at 8000 & It reaches 16000 ,I made 400 percent return on my investment while mutual funds hardly gave 100 percent average returns.Those who enter stock market enter for making some money.SIP will always deliver good returns but it should be supplemented by value trading.When on DEC 7 I said OIL is reaching 100 & Inflation will increase .So If you can estimate macro economic conditions you will be always ahead of market.I have given some stocks to buy.Let the people buy them & hold .They will definitely get good results.This I am saying from my experience & confidence .
Fourth,
Some people were asking to buy Punj Llyod at 120 few months back.I said never enter such stocks which do not deliver on their promise.
Lastly,I respect Warren buffet for what he is & more importantly I admire his humane approach.

What I mean to say is first people should decide what they expect from market.IS it is easy money or longterm,I am 100 percent sure people visit chittorgarh for investment Ideas & not Ideas on mutual fund.Every one knows Mutual funds & almost everyone is also invested in them.
I do not trade regularly to give tips daily.Whatever trade I do I post on the board for people who follow my advice to benefit.

Sreedhar ji

My dear friend

I appreciate your concerns for the investors. Possibly you have not understood me. I have been tracking IPO Message Board & Stock Message Board for the last three months. What I have found that most of people posting their queries do not get the replies from experts on the board & I am sure that these investors must not have got benefitted much. I know you are taking appropriate actions at right times & get benefitted accordingly but the same is not the case with every person.

I thought you will help such people not to be dependant on experts & guide them properly. Have you got as much experience as of Rakesh Junjunwalla or Waarren Baffet who have earned billions from the share market during the last 40 years or so ? I am sure the answer to it from you will be "No". Even they have advised all retail investors not to enter the market directly & have said that the best course remains the SIP investments in Mutual Funds for retail investors. You will not buy this argument but go & ask ten successfull big investors in the market. I am sure 90% will advise the same.

Any way, if you really want to help people on the message board, then spell out your daily plans in advance before market opening & then put each action taken by you during the day immediately after such action. Say, if you are taking an intraday buy call on Reliance at 9.20 am at CMP of 899, then after buying stock, the message should get flashed by 9.25 am on board saying "Intraday buy Reliance @899 target 940". The message can also be put in abbrevated form say BI reliance 899 T940. Let me see how far you can help people in this way. I am sure if you covey messages like this, the followers will get immensely benefitted.

People beieve you & I hope you will keep their expectations

Good luck

How ICRA awarded Grade 3 to Omkar Speciality IPO. C Mahendra Export IPO was awarded grade 2 by same agency and this stock is doing fantastically well whereas Omakar which had a better IPO grading is going to be penny stock.

So now I have no faith on grades awarded by these agencies.

What you people think on this......