Precision Metaliks Limited IPO Message Board (Page 5)

@Unknwon,
yes, seems this will list good (60-65) Thanks for the link

Thanks

@lokes and all,
looks 100+ listing. Congrats to the allotees.

Thanks

Sir abhi picture baaki hai.Agar 100+ ho jaaye to sabki ho jaayegi balle balle

Hi Sir,,... I got in IPO.. Can I able to sell today?

@MRavi We will stick with 65 or 100 :). From BOA, I noticed someone applied for 51 lots.

Sorry I meant listing on 2nd feb.

Is it true?

Look it was listed at 75 ......At.47 percent premium..though it was listed on 1st feb instead of 2nd feb .....any ways congratulations to all who got this one..

Very well said @lokes, please decide on your own risk appetite.

i have also applied for 2 lots in retail however chances of allotment are better in HNI

Sir how to apply after 2 pm ?
Upstox not showing this ipo ?

@MRavi Applied for 15 or 20 lots? ;)

I have applied for 6 lots in HNI
and 1 retail UPI

Well said. Good advice to all

@lokes, @ MDinesh
I took higher risk here with 104 lots.

Thanks

As expected ICICI removes Precision SME IPO dot on 3:00 pm from IPO list and also no option to modify bid.

@Lokes.. In Zerodha, what is the limit of amount of UPI mandate based application. Is it only for 1 lot maximum (Retail) or can be used to apply for 4 lots (HNI)

Applied 25 Lots .

@MRavi... Wow Great...Best wishes to you...
Would have loved it even more if you shared this 15 minutes back :) :)

I applied for 6 lots as target was only 1 lot and would be kicking myself if final HNI subscription crosses 6x or if major HNI chunk is transferred to Retail.

Applied 21 Lots. tempting to increase it.

@Avenue,
I was busy, just applied in last minute and given update here.
I know its too risky for these many lots since the NII subscription is poor, since I have good run on lots of SME, I took this risk. also my gut feeling that this company will not be in a bad listing (hopefully if market recovers post budget). if it lists negative, surely in mid term this should come good.

Thanks

@Lokes But amount applied for more than 200,000 should be counted under NII.

@lokes
if HNI subscription will be less than retail category then it can be equalized in both category by transferring shares from HNI to retail category means whatever is total now, suppose 5X then allotment will happen in both HNI and retail category as per 5X subscription.

please explain your commnets. How HNI and retail is is transferred

@avenue: cut off time is 4.30pm which is good enough. We can apply in retail only upto 1 lot (upto 2 lakh amount) via upi.
I tried for 4 lots now as UPI limit has increased but its giving error: Error placing order: Bid Value greater than Rs 2,00,000.
We can apply only in NSE SME ipos via Zerodha, not in BSE SME ipos.
Most probably you and me will be allotted 1 lot if shares equalization happens, else 2 lots can be allotted to us. Lets see.
@ajnabeedost@c.dinesh @MRavi sir: Good luck.
@Nikk : if your asba bank doesn't allow to apply after 2pm, you can apply using below link also:
https://www.edelweiss.in/new-issues
Select the ipo> apply > apply as a guest>fill details & make upi payment

@Lokes.. since you use Zerodha too. Can youplease tell what is UPI mandate amount limit?

In Zerodha I have applied one application for 1 lot via UPI mandate. Can I modify my UPI mandate bid to HNI in Zerodha ?

@Avenue,
Zerodha does not allow to place bid for more than 200000.

@Avenue
UPI application is only for retailers.
so limit is always max 2 Lacs per application.

I have applied for 5 lots only with an aim to get one lot.

@Lokes... Yes it seems final figures won't cross 3x mark, even after MRavi Bomb...
and we will get 1 or 2 lots depending on HNI portion being transferred to Retail.

@NKJ @ Spock... Thanks for your reply to my query. I heard from somewhere that UPI limit is increased from 2 to 5 Lacs. And after seeing Zerodha Modify bid option available even after 3 pm, got excited to test it but it did not accept for 4 lots saying amount exceeding 2L.

@avenue: Already replied in above comment. May be you were typing your comment then.
@Learner Vj: yes above 2 lakh is HNI/NII category.
@bhav: i wish i had kept older link for explanation so that i needed not to type again. Anyways i will keep this link with me for future.
Currently its 50-50% shares allocated to HNI and retail from total shares available in IPO. But when HNI category is lesser subscribed in comparison to retail category, then sometimes (not always, no idea when, may be in fixed price ipos only) in sme ipos, as per rule some 253(2) rule of ICDR regulations, they move allocated shares from HNI quota to retail quota means HNI quota decreases and retail quota increases so finally subscription comes equal in both HNI/retail. Like here, currently, its as below:
NII      2.41
Retail      11.41
Total      6.91
After moving shares from HNI to retail, subscription will become 7X in both categories and then allotment in both categories will happen as per 7X. Whatever i know i informed here. If HNI is subscribed more than retail, then nothing happens (means retailers are given more priority in sme when their category is more subscribed than HNI)

Example: https://www.chittorgarh.com/ipo_basis_of_allotment/dmr-sme-ipo/1183/

@MRavi I think we can never catch your imagination :). All the best for positive listing.

@Lokes thank you. You are the most humble person. I have applied for 3 lots. Hope will get one lot atleast 🤞

@lokes sir i have applied 3 retail application from 3 different accounts through upi now please suggest me should i accept all 3 upi mandates or if not then how much.

Some retail applications will get cancelled due to non-acceptance on mandate by some applicants. But I don't think it will be huge number. It will depend on market tomorrow also.

Seems like decent ipo, applied one lot retail, was not sure funds would be released in time for Adani
Mravi hit last ball for massive six ;)
Goodluck everyone

@Lokes, M.Dinesh , C.Dinesh, @ Avenue, @Noorul and others
Good luck for allotment and decent listing

@Avenue,
Thans. Hahaha 😂 (not sure if its a last ball massive six, lets hope its not relay catch at the boundary line 😜)

Statistically MRavi has applied for 5% of this issue...quite impressive.

@Share Tiger: i already mentioned about risk etc in my main post. you can act accordingly. Neither me nor can anyone predict correctly how markets will behave during listing and how it will list. My guess is markets will be positive on budget day or next day and it may list positive even if gains are lesser between 1-10% (remaining depends on that time situation). Only some fear is world markets movements, based on news like fed meeting , Russia ukrain news etc etc, which will effect our markets also. My opinion is you can accept all three mandates to have some chance to get 1 lot allotment. Risk/Reward both will be yours :)
@Learner Vj: Thanks but i know i am not humble neither am polite like others :)
i am straightforward person who likes to discuss views (no matter views are matching or not) and share knowledge.

Since allotted only 1 lot in HNI, it means shares were moved from HNI quota to retail quota to equalize subscription in both category, as informed in above comment no 21.

@lokes. Yes, you are correct. I didn't get allotment for my HNI application for 5 lots against HNI over subscription of 2.81 times.

Alloted 1 lot against 3 lots applied...
@lokes are you going to hold or planning to sell on listing day

I also got 1 lot.
All the best to allotted.

0/1 retail

@Learner Vj and others : i will be holding it and not selling on listing day. if i would have got 2 or more lots then i would have hold 1 lot and sold remaining on preopen or on listing day but as i am allotted 1 lot only and company is good so i will be holding. Some impacts may be there on listing price and on short term, due to current market conditions, markets may be volatile on 1st and 2nd feb. Listing is on 2nd feb but in allotment mail it is mentioned expected listing date as 1st feb, means they may prepone it to list before budget :)

@lokes et.al,
Received 17 lots and I will hold this for a while.

Thanks

Received 3 lot. Will sell 2 lot on listing and keep 1 lot. Thanks.

Congrats to all who got Allotted . Got 4 lots will hold this for few weeks

I have been alloted 2 lots (1 in HNI and 1 in Retail).
I will not sell any lot if listing is flat or even +20%, may consider selling 1 lot if lists -20% or with too high premium.

Guys, 1 alloted lot applied directly from ICICI is credited to my ICICI-DMAT Account.
But second alloted lot which was applied through Edelweiss guest option giving ICICI DAMT Account details (2nd A/c) is still not credited in ICICI DMAT. Anybody who has done this, is there this usual delay through this ruote. I hope shares will be credited on Monday i.e. 31st Jan.

Also another question: I used Edelweiss for one PAN, but gave UPI and bank details of somebody else. Is this what do you mean by 3rd party UPI ?

For the second part.. Your guess is right, any upi/bank details other than demat account holder is 3rd party.

@Avenue
For the first part , i applied djml through Edelweiss and i got message from cdsl for credit of shares and in upstoxx holdings it is showing those shares ,so no need to be worried it will show on listing date.

Congratulations Noorul. I think it will list at good premium,
Do you plan to sell a part at listing ?

GMP UPDATE? PLEASE

@avenue.. i think budget will b accepted by market and as its listing is one day after to budget.. thats why i took that gamble.. if it would listed prior to budget.. then i would had not applied that many lots.. will sold 2 or 3 and hold 1.

Listing is 1 feb

Listing is on same day as Budget .......1st Feb

Bad news indeed.

Budget is on monday and listing tuesday 1 feb

Guys y u r misleading..
Budget always out on 1st feb …
So budget is on 1st feb and listing is on 2nd feb
@nooral don’t take tension

P.S - dint get allotment 😭

@ Sahab - Budget is on Tuesday.
@Kavi - As of now listing date is 02 Feb , but in Allotment mail, Expected date of listing is given as 01 Feb. Chances of listing on 1 Feb is high as the shares are already credited in Demat .