Piotex Industries Limited IPO Message Board (Page 3)

Congratulations brother... It will give good returns 🔥

Dear Sir
We got the approval for basis just now. We shall process allotment and send unblocking instructions overnight today.

When can we see the allotment status on website?

The other Two IPOs closed yesterday, viz., Premier Roadlines and Aztec Fluids have already given the allotment and Premier unblocked the funds also. Cameo is lagging behind.

​@GrayIsTheNewBlack my best wishes for getting atleast one lot .

Went with 4/4/4/4/4

No issues are closing less than 30x subs now @GrayIsTheNewBlack

Applied 3 retail lots
​@rohiitian TGIF was blocked 32 time in retail but i was not able to apply because all fund was blocked in TBO and Aadhar and now TGIF premium is Rs 84k

​@PLAZA Sir, thank you for your wishes 🙏
Best wishes to you too for upcoming allotments and many congratulations on bumper profit in winsol 🎉

​@rohiitian - I thought Piotex will just slip under the radar given the fancy GMP of Premiere and Aztec. Initially applied 29/29 in a hope to bag couple of lots, eventually had to add another application of 29 lots and still face the lottery even for 1 lot now.

Tomorrow also same confusion, both ABS and Mandeep look good to me. For HNI approx. 12 Cr worth of shares available in both. So, large size of ABS won't really make a difference. Are you picking one and going FF or splitting funds in both ?

​@GrayIsTheNewBlack I had allocated 4*5 for Piotex expecting 20-30x subs. Only for it to get to 110x 🤷‍♂️

I have already gone quite heavily with Premier expecting lowish subscription and allocated another 50 lots for Mandeep tomorrow expecting firm allotment. But with GMP rise, that won't happen either. Planning to buy some lots of ABS on listing. Rough math I'm expecting as follows

Total HNI funds for SME - 8000 cr

Premier - 1050 cr (180x)
Aztec - 1150 cr (340x)
Piotex - 800 cr (110x)

ABS - 2500 cr (200x)
Veritaas - 1000 cr (800x)
Mandeep - 1500 cr (120x)

Maybe some from Veritaas will move to ABS. With whatever funds left, will pick either ABS or Mandeep (I like ABS way more).

​@rohiitian - I was thinking ABS may go close to 275-300x and Mandeep may stay around 60-80x (giving better allotment opportunity).

Agree that ABS is better and should be first preference but I was thinking of Mandeep HNI only to avoid lottery in ABS.

​@GrayIsTheNewBlack Thought the same when GMP was 20-25% but it's 50% now in Mandeep. Market won't let it escape with 60x :(

​@rohiitian - Even though websites are showing 50%+ GMP for Mandeep, I have not received a single quote from my broker for Mandeep.
Not sure about the veracity of the information.

​@GrayIsTheNewBlack Yes not quoting at my end also .

​@GrayIsTheNewBlack @PLAZA @rohiitian
Quote received from broker for Mandeep.. Sub2 at 8,000

​@rohiitian Thanks for expected allocation of fund with clause of interchangebility works perfectly as under
------------------------------------------------
PROJECTED ACTUAL
------------------------------------------------
ABS - 2500 cr (200x) 270times 3500 Cr
Veritaas - 1000 cr (800x) 625 times 750 cr
Mandeep - 1500 cr (120x) 60 Times 750 Cr

Total 5000 Cr 5000Cr

On the basis of above applied 157 lot in AB and 50 Lot in Veritaas

​@PLAZA Yes Mandeep GMP fell during the day, so subs there was more muted, and funds diverted to ABS

​@rohiitian - Vodafone Idea results tomorrow.
Holding some of the FPO allotment or exited ?

Holding 80% 🙈 But will be downsizing position tomorrow to 50% before results. Gave it max chance to run before results, hasn't quite gone as much as I was hoping. What about you? @GrayIsTheNewBlack

​@rohiitian - I am also holding large chunk of it, I find it too difficult to time the exit.
I feel the first month when they stop loosing the subscribers, the stock can give a meaningful bounce to book out more.
But before that don't know how much it can go down.

I booked out of Atmatsco today, haven't booked much profit starting this FY and don't want to be caught up in the situation where the profit is just on paper.
Will partially look to book out of Netweb as well now as it has already gone up 4.5x in last 6-8 months.

​@GrayIsTheNewBlack I'm half expecting the April subs numbers to be positive for Vodafone, because it seemed like many ppl bought / reactivated the Voda sim due to FPO hype. Would be totally bizarre, but it could happen. Will have to hold till 1st week of June to catch that

Atmastco I'm not making a move yet, expecting some upward momentum post results date announcement. Might book couple of lots ahead of results if that happens.

Booking profit is a must, when you are holding with a target & target is achieved. Profit on paper is like a mirage, it disappears in no time.
I sold 800 Atmastco @ 296.95...
looking to sell 800 Alpex Around 720/725...
Trust fintech & ESCONET looks promising and l had bought after listing, so I have to stay here for some meaningful profit...

Sorry for poking my nose in between both of you

No luck from 4/4/4/4/4. @GrayIsTheNewBlack Did you get?

​@rohiitian Got one lot.
In case there was no other 29 lot applicant then one allotment was almost certain.
Will be interesting to check the BOA.

Superb, congrats! Good decision to focus here@GrayIsTheNewBlack

​@GrayIsTheNewBlack Congratulations. Your 29 lots got success....

congrats

​@GrayIsTheNewBlack Badhaiya 👍

Congrats !! @GrayIsTheNewBlack

​@PLAZA @GrayIsTheNewBlack  5000+ cr blocked in HNI yesterday, another 5000 cr almost today in Indian Emulsions. SME liquidity in HNI has reached 10000 cr now 😅

One can bring any garbage disguised as SME IPO, and it'll be subscribed 30x (or 300x with help of GMP)

​@rohiitian Yes bro I also noticed same and people now diverted to sme from main line inspite there is little chance of allotment but huge craze .. I applied in 50/40/40 / retail lot as my amount is also spread in two different dates opening of issue so to accumulate on same day has to skip some issue once .. hope u must applied with good lots . Wish u all best.....

​@rohiitian @GrayIsTheNewBlack One more query from all which is not understandable to me pl help ...
As I hv large exposure in MF with average 45/40/15 ratio of L/M/S category but while checking he current value by yesterday's NAV it is on Peak value so far inspite there was negaive sensex and sensex was down by 2 to 3 % from peak . It indicates this rally is stock based mostly in the portfolio of MF and they are bound to take up as there is regular inflow of 1 to 3 % of there AUM on monthly basis
What is yours call on it and how it works in future considering redemption or other unseen factors....

Txs in advance

​@rohiitian - 10000 Cr is bound to go even higher, if the SME party continues ;)
An year ago, I used to feel 2x on listing is a huge deal.
Now every other IPO lists at 2x, few of them listed 3x, 4x even.
Winsol I guess listed at almost 5x !!!

@PLAZA Sir - Looks like fortunately your funds are holding stocks which haven't been affected much with the recent fall.
That could be an explanation to the NAV's being ATH while Indices down few percentage points from the top.
Coming to future expectations, I think nobody can predict it.

Yes . No one can predict .
ABS got NIL allotment on 157 lot application might be there another one. Got 0in 50/157 lot .

​@PLAZA , that's really harsh luck Sir.
You did pick a odd number of 157 lots (unlike round figures 10,20,60,100 ..) but unfortunately someone else too picked up the same lot number and had luck on his side on the allotment day.

Hi @rohiitian ,

what is your view on VI results? have you sold VI shares?

​@Pangaj Don't be like me Neutral - more or less in line with analyst estimates. Ultimately this is backward looking results and from before FPO, have to see management commentary in the concall today. I sold 50% of FPO allotment, still have 50%

There is no improvement in results compare to last quarter. can we see effect FPO in next quarter? @rohiitian

applied two 8 lot apps... hope one of us succeed..

@earthking hopefully there will be some more applications to eligible for lottery.

​@Earthking  Got 1/4
Best wishes to all allottees, for rest best of luck in upcoming IPOs.

congrats @Ishq With Risk