Paras Defence And Space Technologies Limited IPO Message Board (Page 10)

Still waiting to hear from BOB

Still waiting..

@ Duckyy. I applied from one ac and will apply tomorrow from 2nd ac.. money is still stuck in prevest sme ipo.. i guess sdz is busy in secondary market.. which is on heavy bull run..

QIB apply on the last day so save unnecessary interest. But why at the last minutes on the last day?
Interest is charged per day i suppose.

@Noorul How many lots are you applying from both the accounts.

I''ve applied for 426 lots

@ mog.. 630 Total.. ( if its give stomach pain to someone.. i m ready to share my application no.).

I will be applying tomorrow.
I have three family accounts as well and need to choose 14 lots in HNI or 1 lot in RII for those. Which according to you will have more chance. 1% chance is better than 0.5%.
Subscription figures will be very high but somehow I feel them not be as high as estimated by many members 900x-1000x. Let''s see tomorrow

Applied 342 & 267 lots from 2 A/Cs & rest in RIIs.

@ Avenue.. retail will touch near 100.. chances here r 1%. And very touch for someone who applied from ac to get one.. Hni figure will near around 500 to 600 i assume. Act accordingly.. my both application will go in lottery.. i believe one will comes back with Trophy..

@avenue.. 14 lot application in hni would b like small sand partical in a desert.. better apply those in retail..

More than a month break from IPOs after that octaset listing and i missed Ami as i ignored seeing 150x NII subs. I would''ve got 60 shares if applied.

Thinking if it is worthy to apply in 27cr NII size Paras IPO with my current capacity of 410 lots, which may even get subscribed by 600x or more and lottery 🤔😂

@Ducky...Thx for remembering me 😜
@Noorul... Hope atleast one of your 2 Acs will get allotment (Better if applying all from 1Ac but remember u once saying dont prefer applying from 1 Ac)

@duckky: i have applied all retail applications today....will accumulate all available funds in one bank account to apply in hni tomorrow from one account....but in that also it will be 50% chances of allotment i feel as per subscription estimates since i am small hni :)
@sdz: ami was good bet yar, it crossed more than double after 2 days of listing, am still holding it, no idea how u missed that, it has having enough gmp from start and from chemical sector so there were definite chances of postive listing irrespective of subscription, hope u didnt got demotivated from other guru''s messages in that ami forum....

@Lokes..Ami GMP was althrough 20-25% and dint expect neg listing too but somehow not excited enough to remember cutoff time being busy in secondary market till 3.30pm. Later seeing HNI 155x, felt won''t be big miss sure to low allotment. 50% listing surprised and today it is 1400+. Anyways I would''ve sold in 900s 😂

@noorul I feel 630 lots from one application would have been better....Even my 426 lot application seems to be less if subscription goes to 800-900x.....And in lottery i would surely miss out because i have full faith in my luck.

@sdz You missed out on a good IPO. Even my luck hasn''t been favouring me considering the fact the i too would have got about 42-43k worth shares of AMI hadn''t my bank not messed up the application....I lost about 50-60k in that till now considering the fact that i hold the shares.

@jstm I''ve finally applied from new bank account after that fiasco. The good thing is i booked an FD and while applying i can use FD funds for HNI leverage.

@lokes Go for HNI as chances would be better than retail.....any HNI having less than 1cr would be considered small HNI in this IPO

@mogpunisher
I''''ve finally applied from new bank account after that fiasco. The good thing is i booked an FD and while applying i can use FD funds for HNI leverage.

Pls elaborate your statement, and provide details of the bank allowing FD funds for ESBA application.

@sanjeev Sood This is my first application through IndusInd Bank using FD as leverage. Even though the application is successful, I''ll update once the Ipo is over because in savings balance it''s showing negative balance and there is high interest rate if you don''t maintain monthly balance. Even though the branch manager personally assured me it won''t attract penalty interest, I would be able to confirm once this IPO is over.
Icici bank also provides this kind of Fd known as ''Linked type FD'' as some forum member had confirmed the same.
Icici provides 5.35% and yes their system is successful.
IndusInd provides 6% interest and I can comment on its system by next week

@mogpunisher
Thanks for your elaborate reply , for HNI application, presently I use RBL saving A/c , with same interest rate and their ASBA platform is good ,

@sdz, your views on SME IPO..
As I can see people who were applying in main board IPOs have started to apply in SME IPOs in your absence here... :)

@mogpunisher

My indusind account already gives 6% intrest on balance above 10 lakh in saving then why to use FD and leverage??
I think even fd rates are also around 6% for normal account..

Hi Noorul, Lokes, DuckkyDuck, Avenue, SDZ and others
This one going to be a big hit in terms subscription and probably listing also. I will apply through RBL/IIFL account only (ICICI not showing this IPO., strange)
FF tomorrow morning itself. Wish you all good luck for allotment. :)

Thanks

@Mog, when I applied from SBI in NII, my FDs were broken from the linked accounts, not like you mentioned in ICICI. I had linked FDs (auto sweep) before making my ICICI into 3-in-1 account. After I changed to 3-in-1 account, they informed that they have removed the linked FDs facility as the amounts will be added/removed from accounts frequently. Let me check with them again so that I will not lose the interest on linked FDs.

Good to see healthy HNI discussion.

@Sdz,lokes,noorul - you guys should have applied in Ami and Vijaya. I applied and got 1-1 in each. In Ami i booked profit(52%) early, could have profited 90%. And got small profit in vijaya too
Got 6 lots in sansera, lets see if it opens 5-7% up. If that happens will be happy.

Paras i think will be subscribe 700x, so no chance for me to get any lot.

Tranferred some money from account for Buybacks and long term portfolio stocks as well so i m applying lesser lots now.

@MRavi: thanks....lets hope we can get 1 lot either from hni or retail.....you will anyways get in your big hni application no matter how much subscription is...

@duckkyduck: me and noorul applied in Ami, he booked profit around 910 as he mentioned in ami forum, i am still holding all my alloted ami shares in hni application...i applied vijaya also 1 lot only in 1 retail application and still holding that also...and got 5/5 in sansera ipo retails applications, mostly will be selling all if better listing

@lokes, :) you are probably right (I will try to get atleast one), plan for Paras - 3877 lots through one a HNI account.

Thanks

@lokes @sdz @noorul @jstm

What are your estimates of the NII subscription to be?

This is going to be my second attempt at HNI application after my disaster with SBI cards (listed negative due to mkt conditions)

I''m applying retail from all accounts and 416 lots from 1 account. Read above that @jstm is applying from 2 accounts for HNI? Any logic for such a split? Wouldn''t it be better for a combined application?

A friend of mine (big HNI) was offered a 200X funding by IIFL for this IPO. That makes me feel this will break records in over subscription due to the small size of the IPO.

Hi MR::
3877 is a lot of lots.
You are the HNI of HNIs.
This is a compliment to you !!

@Sanjeev Sood Peace of mind was my main concern which is why I skipped Rbl Bank and went for IndusInd Bank. RBL Bank has volatile financial results.

@Killerr Please check the revised savings account interest rates of IndusInd bank.
Recently they changed it. Upto 10 lakh 4% and above 10 lakh 5%. I''m getting 6% interest in FD with monthly interest payout which ensures savings account balance is maintained.

@mvsmr Icici provides that kind of FD as mentioned earlier but most of the employees have never heard about it. Approach any senior manager who is knowledgeable.

Applied from both ac..
@ M.k. hni subscription won''t cross 600 mark.. my prediction.. however my both application will b in lottery but i in that situation i alwys got one. Like in burger king, mr bector, Tatwa chintan..

@Eklavya, Thanks :)

Applied from my four accounts for 507, 38, 29 & 15 lots.
After putting so much efforts I expect to get 1-2 lot :)

@Avenue, good strategy. all the best :)

Can HNI ×1000 ???

@noorul

Understood your logic 👍...kehte hain na "Kaam hi kaam ko sikhata hai".

Applied through 1 account today. Will keep the multiple application idea in mind for further IPOs.

600-700x i expect. Anything more would seriously decrease our chances.

Already 650x and 2 more hours to go. 1000x on the way??? HNI just 27cr 😂

HNI 763x already !!!

Its 2:15 and hni cross 715x. These numbers are beyond any imagination.. better not to calculate hni cost now in this story.. as its gone too far than listing gain.. and to b very practical i left hope of allotment now..

Even server is not crashing today...

@Noorul ......dont lose hope. You are still better off than most others. Will look forward to your post on getting allotment.

@Avenue......good remark about the server part....

NII - 785x now.

But QIB application is far too less now. Surprised to see on 89x in QIB till now. Very less participation from MF. Expectation is to have 400x in QIB but looks like wont reach there. Lets see. Anyways i am out of the game from start.

HNI 928x....I''m already crying in a corner.
Allotment will be very very difficult.....about 45-46% probability of getting 1 lot for me.

What does such high subscription figures imply? Does it mean company is too good and everyone wants to hold it''s stock or company has left too much on the table for investors or just too many investors wishing to participate in bull run...
or anything else...

sab bhagwan bharose hai ab....everything is in god''s hands now....lets see whose luck will favour :)

The reason for the super HNI subscription was disclosed by a friend who applied with funding.

He got 400x funding @7.25% per annum.

@ M.k . There is very high probability that your friend might not get any single lot but he hve to pay d interest on funding amount that''s near 7000rs for one week.. does it makes any sense or M i missing something ??.. i m really curious to knw how this funded hni earn in such highly oversubscribed ipo.. btw they had already spoil our party..

@Noorul Howmuch does it cost to you for apply 500 lots ??if you can give some idea,and in future which platform should i chose if i want to apply under HNI.

@noorul

He will definitely get allotment as he has deposited his own 1 cr... He has got funding of 400 cr... I''m also curious to see how much he makes from this... By this rough calculation, even i could have applied for 250 + cr... I would have to pay 34.70 lakhs as interest ( nearly half of my margin of 66 lakhs approx) and I got get approximately shares of 27 lakhs. I. E. About 15,430 shares. Add the interest of 34.70 lakhs to the 27 lakhs issue price and the total is 61.70 lakhs. The share needs to list at Rs 400 for me to break in that case.

I hope my calculations are correct. Please do point out any major errors besides the approximations I have done.

@mogpunisher you nailed it right , that insecurity remains in the mind , that is why I am looking for alternates. ICICI will be most suitable, even if it offers FD interest on the lower side. I shall explore it further and publish my findings on this forum.

@ Dire wolf. Its cost me to put aside d saving of my last ten years.. nothing much. As far i knw mostly nbfc r providing fund facility in ipos..

@Noorul Thats it, seems like i am only 10-15 years away from apply 500 lots as HNI.

@noorul yes nbfc are in the lead as they provide the best rates. And I agree that hni funding for this ipo makes no sense as the gain might be negligible, probably negative but that we''ll see on listing day... Small IPO with less liquidity and huge demand... Might skyrocket or might hit lc.

@Sanjeev Sood You can also consider IndusInd bank... First impressions are good... Next week I''ll update you on the Fd leverage thing... Both icici and IndusInd are good.

@Noorul @Paras, it cost me my 33 years of hard work and all my savings to apply in these many LOTS in NII. ( I submit politely that I used to apply IPO back in 1988 by application forms. That time no premium, all at face value 10 per share. big queue on IPO application forms submittal in banks. Now just a click away). I lost all my hard earned money during Harshad Mehta scam, I just exited with all losses when BSE was about 3000 or less points ( I don''t remember if NSE was there by then). Money doesn''t come easy as I learnt again heavily with Yes Bank (my second entry in share market few years back), but yes bank taught me a lesson with a heavy price this time, but also helped me to be stronger (BTW still I am in huge loss in my yes bank shares). applying in IPO & getting allotment is a huge pleasure (few backfires, but mostly gives good returns, yes of course when in a bull market, all is well)
sorry for my story, thought of sharing at least for my venting :)

Thanks

@MRavi... Thanks for sharing your 33yrs stock market story which includes the path having both ups and downs in reaching this level 👍

I mostly know people in their 50s and 60s who built wealth mostly in realestate/land or working abroad but rarely see people making tonnes in stock market (less than 1%) 😊

@sdz, thanks for your kind words. you are right (I am not in that 1% yet, but certainly aiming for) :)

Thanks

@ MRavichandran 33 years!! You have probably seen the best and the worst period of stock market. I still imagine what it must feel like during Harshad mehta era....total euphoria.
Ultimately your hard work and patience paid off - HNI of HNIs!

@Mravi.. Sir i m glad to know that you are not only the biggest but also the most vintage player here.. it was really nice to know the story at ur side .. that''s makes me and others who are still in there mid 20''s or 30''s to learn many things, that there is no short cut in life.. some times u have to start again from zero to taste the success.. and today probably u hve cleared d delusion of many people here that all d big investors like u are not d ones who born with silver spoon in mouth... Despite of making that big in ur life still u r so down to earth and humble towards all other members.. i m just amused.. i also had a one horrible patch in stock market in 2018 when i started trading in secondary market.. n my 4 lakh wiped out in 4 month.. that time i didnt thought to ever makes a come back in.. but i got to knw i m very bad player of secondary market so now dealing only in ipos.. n dats d reason i never discuss here about secondry market n long term investment either.. i hve learned in my life that "road to success is always under construction"..
Will try to follow ur Footmarks..

Seeing this discussion, I am reminded of my about 44 years of experience in the stock market since the age of 14yrs. I am almost 59 now.
I put a post on my facebook page which reposting here-
Stock market barometer - Sensex from 100 in 1979 to 60000 in 2021 (42 years).
Was a part of this journey for the last 42 years.
From 100 to 1000, it took about 10 years. Then another 15 years to become 10000.
Observed all ups and downs, became a stock exchange member of jaipur ( whcih commenced in 1989) as well and operated my membership during harshad mehta days in 1990s, saw rise of Reliance in the 1980s, advent of SEBI in 1995-2000, was an investor in one of the first mutual fund ( ITC threadneedle in 1995-2000), observed markets rise and fall during the 2008 subprime crisis, and the list goes on.
Still remember when IPO forms were available in physical shape and nothing was online.
Depositories did not exist. All shares were exchanged in physical form.
Remember being an investor in Reliance ind in 1979, they came up with Reliance petroleum shares soon after their maiden ipo.
In CP IPO forms were kept outside banks by vendors.
Remember the time when just before April 1992, I had earned about 4 lacs in my stock brokering business in about 3 months, and told my father in law (who had a factory) as to what he is doing working so hard and just earning about 50k per month.
Little did I realise that everything would fall flat soon thereafter.
All IPOs then were mostly at par because there existed a controller of capital issues where unless cos pd bribe, premium was no easily allowed on ipo pricing.
The only regret I have - never stuck on to my holdings, otherwise imagine where I would have been financially.

@ Adesh jain Sir this is the reason why i always prefer to remain invested for the long term. In short term you may realise good gains from ipos but ultimately long term value will increase your wealth.
Basic difference is Income Vs Wealth

@MogPunisher, @Noorul, thank you for your kind words and appreciations. I am humbled.
@Noorul, I know, you are very shrewd and knowledgeable enough, you will get back much much more than that you had lost in 2018. All the very best of your investments to fetch you good returns.

(Please note that I did not made big money in stock market, haven''t booked profits much as of now. More than 25 years of earnings from aboard made me to invest in IPO''s with big Lots. I am having enough fund to take care of risks in secondary market and getting good returns in IPO''s. Also, I have very diversified MF investments as well. I would politely suggest to the new comers to start MF investments, and IPO''s. Not invest in secondary market too much money, unless you are fully dedicated to follow on day to day basis, especially market at its peak. Just a suggestion only, as I burnt my fingers twice)

Thanks

Mr. Jain, It was nice to read your message. You have an experience of 44 long years in Share Market. I have also an experience of 38 years in this market. Generally the shares were issued at par value and not at premium.
Gone are the days. Good memories. Tata elexi and many more companies shares were issued at par. I remember Glaxo was issued at Rs 5 premium in 82-83. We used to receive our allotment or refund after three months. Crazy days. As you wrote that you could not kept them for longer periods. It is not in our hands. Man proposes and God disposes. I had been in Delhi and Calcutta Stock Exchages with my broker for some time. If you remember Reliance was Dhirubhai and Tata Steel,ordinary, the nick names. I was a Govt. Servant in Delhi. Even a Rs 2 premium on listing was great. We used to get 100 shares lot. There are many things running in flash back because of you. I am running 70 and enjoying ups and downs.
Wishing you good health.

@Adesh Jain, @PKRaj,
Many thanks for sharing your fond memories. Its interesting, very useful and which reiterates that long time investments on quality stocks make very big returns - a take away for those young/new to market.

Thanks

@Adesh Jain, @PKRaj,,
On reading your messages, I''m reminded of my father''s similar experiences with paper forms in IPOs and physical certificates. He is over 85 years now and still invests in every IPO with my help for online bidding. My discussions with my father is mainly about stock markets only. I have experience of 18 years in stock market investing. I have seen two savage crashes in 2008 and 2020, which has taught me nice lessons. Glad to listen to experienced people like you. Hats off to you !!! Keep posting.

@MRavichandran: I strongly support your suggestions to new invesors to take MF route. Hunting good MF is enough to make wealth and gives peace of mind to focus on profession/job. In primary/secondary markets I am only since last 18 months and have not made more than 2lakh. Before that I attempted only to hunt good MF and I was very late here and started in 2017 only..no one in immediate family invest in MF..so I was afraid. Despite the 2020 crash my portfolio is 90% up in 2.5 years. Right now I have suspended sip due to indexs have run very fast..may be bad decision. Eyeing for some good NFO for lumpsum.

Hi Everyone! My father too is of era of physical paper form application only and at face value of Rs.10 without any premium. Even at that time allotment in good companies was tough. One day, in frustration of no allotment, he applied in some 9-10 companies running IPO. He was allotted shares in most of them and got physical allotment certificates. But as most companies were not great he lost interest in share market and just kept all certificates aside. After 20-30 years he accidently found those papers and gave them to me to follow. It was a difficult task and in thirty years most things change, company names, mergers, default, etc. Most of them were not traceable, probably were not listed or had defaulted, but I could trace one company "Automotive Axles" and he was holding companies 125 shares which has costed him 1250/- at the time of application. 2-3 years back share was trading @ 1400 and even now it is trading at ~1200. So his 1250 investment has become 150000/-. So he recovered all losses because of investing in wrong companies and also have made handsome profit.
I got attracted to IPO market since the Avenue Supermart IPO in which I applied only by chance and got allotment too. In my experience, PATIENCE and CHOICE of equity plays very critical part, especially for a investor like me who does not know much about finance, nor have time or brain to study companies in order to invest in them. In fact it applies to mutual funds as well - I was impatient at the time of second covid wave and redeemed some portion of MF Holding expecting a major correction. It has been over a year, Nifty has moved from 11000 to 17800 and I am still waiting for that major correction. :)
IMO secondary market is only for experts, Mutual Funds are for not so expert but too has risk factor, and IPO are relatively safeer bet.

Have a great weekend and profitable week ahead !!!

@MRavichandran Sir it would be great for youngsters like me if you can recommend quality MFs.....I would like to study the recommendations and start investing to create an asset for future.

@MogPunisher, thank you. to be honest, I didn''t do much analysis when I had invested in MF. In nutshell, Axis MF are the best to me.

For those don''t have time and new to market, its still best for good MF schemes. However, as Avenue explained, MF also may back fires when market melt down, but IPO relatively safer (if you consider risk vs returns) if you have invested in IPO''s (with risks of loosing some capital as well which might be higher than MF). ex: like in investing low subscribed issues doing great guns. (like an Angel, Gland, Sonal..etc.)

Since you have requested, please allow me to spend some time to study from all my MF schemes and returns with risk factors and I will give my recommendations on overall MF schemes for you to study / choose before your MF investments.

(Its not a new thing, just a reminder: higher the risk and even higher the returns, either in MF schemes (mid or small cap MF) or IPO (less subscribed issues or even a SME) or a secondary marker (high beta stocks). its all depends on your risk taking abilities.)

Thanks

@cold burger, Thank you. I just saw your note. You are absolutely right. Even I kick myself not investing tons in MF (by partially cancelling my FD''s) long time ago.
But, in small parts, I invested in axis and others, around 85% returns overall even after market crash of covid pandemic, much better than Nifty returns on an average.

Thanks

🔥 MogPunisher 🔥
Even your questions was for Mr Ravi, I am putting my view here.
For selecting good Equity MF, you have to see both things the fund house and fund manager. Fund manager is the engine to move your fund in right direction.
My personal choice is #1 Mirae asset whose fund manager was best among industry, not sure if he holds same now. #2 SBI and the #3 Axis
Tata Digital fund I regret not putting more which has given 150% return as of now in 2 years.
Do study and compare and choose Sip route.On e you have faith/understanding and market corrects heavily then do add by lumpsum also.

Thanks

@ ColdBurger THANK YOU!
@ MRavichandran THANK YOU! I''m looking forward to your analysis.

#1 Mirae
#2 SBI

I second that........