I have applied 2 lot. Luckily 01 lot alloted. 1 sme ipo alloted...Already sold on listing day at 315 UC..... 🥰🔥 264000/- net profit. Now How much tax to be paid on profit. Is it compulsary????
@Topiwala It is always better to consult who are tax experts and dealing clients for Income Tax matters. You might be having other income also. With all your financial year income and tax savings details, contact the consultant. Half knowledge is always dangerous.
Hope you will get more taxation knowledge as well.
Specially for the members who forget to book profits and purchased at 315, please be cautious. Keep watching. Listing at such a very high level, now it looks very risky for those who bought. Totally operators operated SME looks. Not seen posts of MRavi and other bulls of this forum, who purchased on listing day. Please take care in future and it is better not to take risk. It is not possible to fix any stop loss here in present circumstances. Only two trades. Not depressing any one. Unnecessary risk is never advisable. At present downside chances are more. Take your own decision. Have a nice time all.
@Arca Just see the position of Vivo, listed at very very high level I.e. 355 and high of 370. Now it is only 157 and low of 134. I mean to say that any SME listed at a specific hight, it is better to be away. It is difficult to exit even at purchased price. Exceptions are always there. @MRavi I know that you did not buy. I said that you did not purchase. We both has the same meaning. Such a high listed SME, it is better not to purchase on listing day. Only @MRavi can purchase. In this case you also avoided. Great. Juniors must take lesson from you. "Hurry Makes Worry. Hurry Spoils Curry".
There is future in the company...... Still quite a large percentage of allottess are holding it and today even if there was only 2 lots being sold, there was only around 2lakh shares on sell ..... So a small help from operator and it would be back to green.....yup with such high pricing most of the retailrs are out of game but the high price was at good volume..... If there is less than 5lakh shares on sell on next trading day then i am sure it would be back on track soon..... It's not Vivo.....there was very less lots traded in vivo...... This will show positive movement soon enough .....
For those who purcahsed it at high price of 300 or 315, u most know very rarely u will be able to buy at the lowest point..... This makes me remember of knagri.... Though it listed at lower level than anticipated but after being listed at 152/153 it went for 2 lc and showed a good movement there after..... so in a short term u may have some losses but eventually good ones show growth eventually..... And stock market plays with ur patience and u need to know it's a risk to be in the game or just be content and exit..... One good example can be agni ....it listed beyond expectation at 23-25 and then came down to 17 and reached to 42 and again its making a support around 25 level..... And it was lot less subscribed than this..... I am not saying all this is a done deal but there r good number of presedence ..... So it's on u if u wanna take the risk on either side or just leave and be content with whatever u have .....
No question of any apologies. Person like you can think of posting this post. Many positive thinking members are also here in this forum. Thanks to you and others.
481.7. G profit| Link| Bookmark|
October 27, 2022 11:12:06 AM
IPO Mentor (1200+ Posts, 300+ Likes)
Hi, i got also allottee and same that there was listening date was showing on 25th Oct so i was not aware that recently date has been changed but no need to worry because in this IPO there was good thing that QIB QUTA 50 was, if any QIB applyes in IPO that means if they have allottee then they have to hold till 30 days.
So no need to worry and i am 100% 4.98% again upper circuit it will hit on monday and Tuesday due to high demand and low suppy.
Request someone to please clarify one aspect as many of you are veteran hare. I am a new entrant. 1. If some one is not doing any job or business eg a student, earns a profit during listing, still he has to pay tax @15% on profit earned (suppose this was his only trade in financial year and there was no loss on any capital gain) 2. Take this IPO example, if someone has sold at 312/- so he has to deposit 40000/- as tax. Thanks
474.1. MehulStk| Link| Bookmark|
October 22, 2022 11:41:22 PM
Top Contributor (400+ Posts, 100+ Likes)
Any profit beyond taxable income you are entitled to pay taxes as per the tax bracket and STCG OR LTCG as per your investment horizon. If your profit less than taxable income you still you need to file Nil taxes.
@AAvi If someone means you, yourself. If someone has no income and/or a student, the question comes how did he get money to apply in SME, more than one lakh. Source of income? Income upto 250,000, you need not pay any tax. Question of STCG doesn't arise. Read IT Rules. Available in Google. Many rules to save Income Tax. But from whom you have taken money, is very important. If a minor, and parent's money is involved, income clubbed with father/mother. Tobe very careful. Follow IT rules to avoid problems. Consult your father, he might be knowing everything if filling ITR.
@Raunak Bhai hum retailers ko ye samzhna hi hoga ki market me agar apko survive karna hai to do galti nahi karni hai 1 - upar ke price par nahi khareedna hai chahe koi bhi kahe 2- limited quantity Leni hai Ye dono galti aap ne Kari hai par himmat bahut hai apke paas sir hope for best
Thanks @ Gulshan Bro… आप का बड़प्पन है, कि मेरी गलती को हिम्मत का नाम दिया l दोष किसे दूँ, जब गलती खुद ने ही की है , सीख रहा हूँ धीरे धीरे , स्कूल फ़ीस तो देनी पड़ेगी ।।
Just praying to God - it’s the initial phase of my learning in SME and it’s the Tax Paid money. बच्चे को माफ़ कर देना । और हौसला अफजाई के लिए , if 2-3 UC can happen than it shall be great … Uske baad badon ke nirdeshanusar hi kadam badhaoonga…
pvn, all the best for your risky bet. People made huge listing gain. I was willing to enter till price of 200. It is a futuristic business, but now I think anyone should enter after seeing their half yearly result. Further as OTTs and movie houses are stressed due to changing habits of people towards reels and tiktok. Let's see how they perform in this competitive environment and waning of post COVID pent up demnad. So not willing to enter at this level. Other experts views are welcome.
@ Dinesh Singh, just learner. . Congratulations on ur bumper Profit.. and happy diwali. @ Raunak . Listing was way higher than expectations.. but still script manage to trade through out the day.. is a positive sign... Better set a stop loss at 280.
@Raunak No doubt you have taken a brave and risky decision. Now done is done. When it was at UC, I was not expecting that it will break. However the listing at very very unexpected level, in my opinion downside is expected at present. Set target according to your risk appetite. @Noorul is right. Better to set a stop loss at 10% below your purchase price. See Muhurat trading. It may give you a good chance also. Decision should only be yours. Operators can take it to any hight. Above or below. One of the highest listings in term of profit.
@Noorul & @ PKRAJ Many many thanks for the guidance. It seems I have chosen a wrong path in the sheer greed. Very new to this SME movement. That’s the reason I created the id so that I can get replies and learn. The forum is just great and seniors are trying to assist others with best of the their ability and intentions like Big Brother and close buddies. What a FORUM !! Koi Nahin …. As it is in trade to trade my broker told me I can sell it earliest on 27th. Even if I lose this time , I am sure will be able to earn in time to come. Just have to religiously learn from the experience of seniors and have to diligently follow their advice. Thanks once again ….
I was alloted 1 lot but forgot that listing was yesterday. What should be the strategy now ? Please guide about possible target in short-term and long term.
@Rohan Has anyone expected this listing in our forum. I believe that everyone should draw a line for profit or loss. Greed has no line of control. Nobody has any idea that what will happen in future. There are many positive and negative examples. What you or our forum members say today, take that in consideration. To comment after playing a ball is very easy. Take an example of Harsha. Today there is no 'Harsh'. Are you a long term investor? SMEs are very risky and operator operated. Here you have no choice of booking half profit. Believe in Luck. Consider your P&L account of shares and decide accordingly. Suno sabki karo man ki. Never blame others for the decision taken by yourself. Have a nice week end.
470.3. lokes| Link| Bookmark|
October 21, 2022 12:35:32 AM
IPO Guru (4400+ Posts, 5100+ Likes)
@rajendra: GMP has jumped a lot recently so not leaving much value for new entry if listing is happening so high means around 210 to 220....company is good but latest quarter great performance will be repeated or not , that has to be seen....Now a days too much euphoria is ongoing in sme ipo's and from recent ones, many has listed above expectations and even hit some UC's later after listing high.....but some like insolation/cargotrans/silicon/cargosol listed at expected price range so there was good risk reward and value buying in them for medium to long term.... This phantom is good to buy if getting around double price in future, anyways individuals can buy as per their risk level, i am not comfortable to buy if listed too high.....
470.4. GJ 😀| Link| Bookmark|
October 21, 2022 3:19:04 AM
IPO Mentor (1600+ Posts, 400+ Likes)
@lokes,
I am not sure if you were able to read my msgs under this thread https://www.chittorgarh.com/ipo/ipo_discussions.asp?a=1312&c=546141&ap=0
By the way, I am meeting some of my friends between 01.00-03.00 PM (21-Oct-2022) at this venue, Sri Vishnu Palace, # 39/3, junction, Doddanekkundi, Bengaluru, Karnataka 560037
It's not more than 2 km from the place you mentioned (Mahadev Pura Bus Stop) See if you can also come and meet.
470.5. CB🤗| Link| Bookmark|
October 21, 2022 10:53:27 AM
IPO Mentor (1400+ Posts, 400+ Likes)
I believe it will hit LC after opening. This is insane listing. If big fund houses ready to buy at 300 then it is other thing. See little chance that retailers or small hni will buy in pre-open. Curious case😊
470.6. lokes| Link| Bookmark|
October 21, 2022 11:43:30 AM
IPO Guru (4400+ Posts, 5100+ Likes)
This listing has exceeded all recent listings and gave good money to all allottees just before "Dhanteras" ....congratulations to all who allotted.... @GJ : ya this place is near to mine....i have meetings till 12.30pm and then from 2 to 4pm...i will come around 1 to 1.15pm for half hour....see you there....
Not alloted in 2 retail and one hni .. Congrats everyone who got the allotment.
469.7. IPOGainers| Link| Bookmark|
October 21, 2022 12:22:37 AM
Top Contributor (500+ Posts, 100+ Likes)
@mravi sir, for 204 lots shouldn't it be firm allocation?
469.8. Arca| Link| Bookmark|
October 21, 2022 12:59:27 AM
(1000+ Posts, 500+ Likes)
@mravi sir any idea of buying this if yes at what price can i buy. 😬I missed buying all (bought only 3ipo)recently listed IPOs all are at 20-60% gain from listing.
@ipo gainers Anything above 275 lots had chances of getting allotment.lets see boa
@Arca, Great to know you made some profits in recently listed IPO shares. I was thinking to buy Phantom until 270-280, after seeing around 300, i removed buy order.
Thanks
469.10. Arca| Link| Bookmark|
October 21, 2022 11:05:55 AM
(1000+ Posts, 500+ Likes)
Even i didn't buy this ipo.i bought some reasonably priced like silicon, cargosol and swastik earlier. 😬You invested a lot in this recent listing ,how did you know all these IPOs are going to do well.i had opposite view I thought with huge number of IPOs all are going to fall
469.11. CB🤗| Link| Bookmark|
October 21, 2022 11:11:31 AM
IPO Mentor (1400+ Posts, 400+ Likes)
@MRavi sir, really feeling bad that neither you were lucky in this IPO nor you could go with revenge buying. The charm of owing shares of hometown (almost) is different thing altogether.
@Arca, except few, most of them are just gut feeling and luck. Yes, bought some huge quantities in recently listed IPO;s. All 3 you have listed, are very good buys for long term and Silicon will be top hit among them (my perosnal view).
@CB, I have no big regrets when I am not allotted, just as a routine i will continue to apply. Regarding Phantom, I would have bought at 300, just thought of QIB's here, changed my mind as QIB may dump any time SME shares ( I could be wrong, but past few SME's QIB involved did not perform well). This company is very good for long term for sure, I may buy after a while.
Thanks
469.13. lokes| Link| Bookmark|
October 21, 2022 1:25:15 PM
IPO Guru (4400+ Posts, 5100+ Likes)
@MRavi sir: hard luck for you this time, you got partners as seen in BOA and it was 1 by 3 but you just missed it....for me it was not even part of lottery as expected for my 46 lots, i should be giving more time during last day 2 to 3pm to know about lots being applied, due to work, i just missed to read posts much... @ipogainers: looks like you have not read my last reply in this below post where i took your name to reply you. https://www.chittorgarh.com/ipo/ipo_discussions.asp?a=1322&c=548504&ap=0 it will be good if you can spend some time to read threads (when links are being given) and understand the things.....
@MRavi ....Hard luck Sir, need u r advice on Kandarp Digi BPO.....is this good buy at Rs15.
469.16. lokes| Link| Bookmark|
October 21, 2022 8:35:53 PM
IPO Guru (4400+ Posts, 5100+ Likes)
@Hostpacker : with 6 total applicants for 46 lots, it will be just at border so may or may not be allotted...and with 7 , yes it was confirmed 1 person will be allotted... And whatever you posted regarding BOA analysis in different post is same think which i kept explaining in multiple post giving older links too :) :) and anyways most members already know that by now....
@lokes, Thanks and all the best for future IPO's allotment
@Kapil Mehra, I replied you in kandarp page. 'Kandarp digi smart'- I bought between 19-15 around 30 lots more (my avg price is now19). the downward risk is low compare to chances of going up, once even with a average results. Also Once operator has enough, this may go past 20, in my opinion only.
As per my Analysis. Basis of allotment works as mentioned below .
If HNI have Subscribe 555.5x then Just devide by 2 :. 555.5÷2= 277.75 Now you need partner to complete 277.75 then it will go under lottery system.
Suppose any one have applied for 70 lots then Calculation would be like this . 70 × 4 = 280 Qualify 69×4 = 276 Not Qualify now here required 5 partner here. 69×5 = 345 Qualify.
468.1. SamJos| Link| Bookmark|
October 21, 2022 3:21:33 PM
Top Contributor (500+ Posts, 100+ Likes)
Confirm this in a different way (in a zest to find at what level single super hni application give sure 1 lot allotment):- Single application upto 276 lots (331200 shares) - zero allotment, no lottery
Single application above 280 lots (336000 shares) - one lot allotment to single application, but lottery 1:2 or 6:7, if multiple application
Single application above 624 lots (748800 shares) - confirm single or multiple lot allotment to each application.
I believe divide by two rule is there in interest of investors while grouping the lots and rounding discards those falling below 0.5. So the rule can be worked on divide by four also (>= 0.25) which will reduce the number of investors left out from the lottery.
@CB..If you apply above 50% of Subscription then disclose on public domain and tweeter then other member will not apply for same lots ( No required partner here )to get confirm allotment .
@Hostpacker: Even big HNI like @MRavi not able to guess the 50% mark so the game will be over when one will know if he applied for 50+% or not. The Divide By Four rule I mentioned merely on my own thought that , if implemented it will reduce the number of members reporting that they were not part of even lottery. See comments from @Lokes, his 46 lot application was not part of lottery as the 46 group was not above 50% and mine 21/ 24 was part of lottery with 1:23 ratio. If the rule was to group by 25% then it would have more members covered in the lottery. Anyway it will go as SEBI decides. Need to study BOA more to understand better.
wondering why in BOA they have mentioned 1 : 1 even though when they have mentioned 0 shares in allotment... ??? it should had been 0 : Number of application received in such case naa???
467. bAAz| Link| Bookmark|
October 22, 2022 9:48:56 AM
IPO Mentor (700+ Posts, 400+ Likes)
This year 2022 is great for SME. About 89 IPOs (Upto Frog,) entered the Market. 60 gave positive return, 27 negative and 2 neutral. Maximum return Rachana infra, Jayant Infra, Empyrean Cashews: all more than 600%. Cool Caps and Sailani Tours 300% or more. Loosers include : Global Long and Kandarp 40% and more, Fone 4, Naturo and Dipna Pharma more than 35%. So profit is more than loss. Figures are upto last week. Correct me wherever wrong.
and to add to this in the Year 2021 some SME IPO has now gain of more then 1000%... and the listing gain for those in most of the cases were in single digit and one of them was even discount listing...
need to calculate if someone invest in all 2021 SME IPO at listed price then what will be the positive today
466.2. Takamichi| Link| Bookmark|
October 22, 2022 11:59:02 AM
IPO Mentor (800+ Posts, 700+ Likes)
This year all there 500% up sme stocks r operator work whereas last year it was on company profile and result ..... So i see much more manipulation this year than last year..... Most of the last year blockbusters have made big on their numbers and results .....
Would wait for some correction in price if happens..... Would see movement on T+2 day and then 10th day.... Hope would be getting more insights from u on this script....
Read ur post on journey of 2 yrs ..... Hope we(i) will also be able to analyse stocks the way u do and keep a tab on it.....
'Would see movement on T+2 day and then 10th day.... Hope would be getting more insights from u on this script....'
What is the special for 10th day of listing
465.4. Takamichi| Link| Bookmark|
October 22, 2022 11:54:30 AM
IPO Mentor (800+ Posts, 700+ Likes)
@munavir 10th is the last day to be in T+2 segment....from 11th day intra day is allowed....in many of the recently listed smes there has been good movement on the 11th day....