130. Takamichi| Link| Bookmark|
December 8, 2022 12:29:54 AM
IPO Mentor (800+ Posts, 700+ Likes)
Would buy if available at 6-7 rs premium....above that would leave it for now..... 2022 result was extraordinary which they r not able to replicate in this year half-yearly result..... So not gonna take the risk of putting money in it above 35-36.... This safe buy below gmp is not working for now.... better to sit and watch the new cycle of sme......
130.1. lokes| Link| Bookmark|
December 8, 2022 1:01:03 AM
IPO Guru (4400+ Posts, 5100+ Likes)
Ya somewhat agree that most recent sme's are not performing good enough.....previously many like steelman/frog/cyber media etc kept going higher even after listing high and from sometime, it's other way with most of recent listed.... but in sme's, there is no common cycle or trend for all...some of them keep giving suprises on either side other than expectations which no one will know that which one gonna perform in short term or which one not....so generic statement like "safe buy below gmp is not working now" will not be applicable for most... Like technopack kept performing well after listing from recent ones...even if someone bought ambo agri in preopen around 40 and sold today in preopen around 46 then would have made some good profits....
@lokes : your view for this listings/selling /buying for tomorrow
129.1. lokes| Link| Bookmark|
December 7, 2022 11:05:04 PM
IPO Guru (4400+ Posts, 5100+ Likes)
expected listing price here around 42-44.....its good buy if listing around 39-40 or below levels and profit can be booked in short term if listing above 47-48 around....here company looks good enough as per sector and financials but one concern is that from this LM, other recent sme ipos like jfl/sabar/veekayem all are performing bad after good listing so just be careful in buying at high prices.....
129.2. Abhii VPG| Link| Bookmark|
December 8, 2022 12:17:36 AM
IPO Mentor (1000+ Posts, 300+ Likes)
Thanks Lokes ji Your views means a lot. I also feel it will perform good tomorrow as financials are stable & also Its Clients include big names like Ashok Leyland, Eicher, Mahindra, Tafe, and Swaraj. Gmp also indicates good listing.
128. B.M.SURANA| Link| Bookmark|
December 7, 2022 10:13:04 PM
IPO Guru (2700+ Posts, 5300+ Likes)
Pritika Engineering Components Limited-IPO Listing on 8-Dec Symbol : PRITIKA ISIN : INE0MJQ01012 Series : ST Issue Price : Rs.29/- Lot : 4000 shares Exchange : NSE GAP ₹30k -35k
Retail was approx 172x. It means with 5 applications, my allotment chances were 1 out of 34. That was also remote.
Thanks for your suggestion but Applying in average IPOs may increase allotment chances but it doesn't make any sense if the company is not good or it doesn't fit in your investment style.
GiJo You and I both know that this is sme bull run. Mainboard is all game over after rule change. All funding arrangements and huge funds flowing to sme. This has given ample liquidity to sme arena. How was Ambo Biscuits? Would you have applied in normal days if it was not for sme bull run? 😁😂
Mostly I don't think in terms of bear and bull runs. If a company is good, it will give returns, not immediately but definitely. I hold a big quantity of HDFC AMC and CDSL. Holding Prevest from the allotment, even though these are not running for a long time but I know one day they will. The same thing happened with JSLL and SKP also. Now they are running. So these cycles are always there, better to invest and hold good ones.