Mauritius Based AG Dynamic Funds has invested around 32% in this company in IPO. Refer the below listing circular available on BSE. Now listing will be interesting...
As per my view z, buying in pre market is very risky, we should wait for 2-3 days to see the intension of company of long term. If they absorb retail selling in 2-3 days then buying from market is gud idea, if anyone like satta. I believe in fundamental investing, so avoid forever
@ultrasnow, Total issue size was 66.80 lacs shares. Shares held by A G Dynamic 21.44 Lacs. Hence 21.44 / 66.80 = 32% On what basis you are calculating 9.24% ? Can you please clarify for knowledge nothing else. Thank you.
@ultrasnow, my % was based on free flot and not the total paid up capital...which is not relevant here.. Only the free flot decide the share price and it's future movement..paid up capital is only for book purpose..
@ Dinesh Singh, thanks I get your point now. On a related note, is this 32% not a type of double edged sword as this holding has no lock-in. If I remember correctly, AG Dynamic fund sold all e tech in Jan and share price has since not recovered
@ultrasnow, Thanks for reminding the fact..Your concern is valid...but in case of All e tech...there holding was much lesser i.e. only 4.20% of total flot.. Here the stake is very high..there must be some settings with the LM and Promoters.. We must keep watch on the share price and exit in time before enjoy the ride.. This is my through...I may be wrong also...but ther will be something to be happen for sure.. Let's watch the listing on Monday...Will discuss again. Thanks.
This issue was Devolved (Under subscribed) for valid application as per BOA and LM as underwriter has to subscribed for 1,36,000 equity shares from there own pocket 🙏 to save the listing and sail through.
Trading members of the Exchange are hereby informed that the equity shares of Patron Exim Limited shall be listed and admitted to dealings on the Exchange in due course.
Name of the company
Scrip Code
Symbol
ISIN No.
Patron Exim Limited
543798
PATRON
INE0NPA01011
The date of listing and the details of the securities shall be informed through a separate notice.
100% underwriting aayega as ipo subscribed 1.01% and retail ke rejection definately aayenge..agar listing day ke din shares cornering hote hai to one should take risk of buying 1-2 lots..pure operating game
THIS IS TOTAL BOYCOTT ISSUE PROMOTER TO BE TAUGHT IF YOU PLAY WITH INVESTOR SOMETIMES HEAT WILL BE ON YOU ALSO
They have mentioned this: Mr. Bhumishth Patel, who is having a rich experience of more than 11 years in the pharmaceutical industry, has joined our company as a Non-Executive Director. This guy was Director/Managing director of : Earum Pharmaceuticals Limited---- IPO 36 rs now 2.5 rs Evoq Remedies Limited-----IPO 27 rs now 14 rs Svs Ventures Limited----IPO 20 rs now 11 rs Every now and then they come in market raise money and all are trapped. Recent IPO of Dipna Pharma also in same business in quoting at 14 Rs versus ipo price or 38 Rs.
SOME SME's needs to be boycott so that LM will be more cautious in choosing the Company for IPO. It should also worth to mention that LM is solely not responsible for failure of any IPO after Listing as they have no any control. Its the company who control everything from the listing day and afterwards as the cost is bear by them only. No LM wants to give a bad impression for discounted listed as it will also hit their credential. LMs are only doing there job to guide the company for preparation of documentation and compliance as per SEBI regulation for IPO for which they have been hired. Lastly for me a pure trading company with unstable revenue is always boycott for me. So choose to apply only those company where u find some growth in future. Rest depends on operators.
68. antarix| Link| Bookmark|
February 24, 2023 1:20:02 PM
IPO Guru (1200+ Posts, 800+ Likes)
Not applying. A trading/distribution company with doubtful financials.
67. KING VINOD| Link| Bookmark|
February 24, 2023 12:55:22 PM
IPO Guru (2500+ Posts, 5400+ Likes)
Patron Exim GMP ZERO @ 12:45pm Buying sub2 applications also stopped yesterday only. Investor can think and take wise decision.