Such a big issue with such a high price. Difficult to digest by retailers. But still 23% subscribed by retailers inspite of all negative views. Slowly and slowly subscription figures are improving. At the end this will sail through also. To get such a great premium in books, the promoters will leave no stone unturned to sail through. Listing, not the time to think at present. Difficult to say about any member who applied in this issue.
41.1. sahab| Link| Bookmark|
May 26, 2023 1:53:27 PM
IPO Guru (1000+ Posts, 500+ Likes)
Fully subscribed with good numbers. Let's see whether hits a six on listing. Promoters start thinking where retailers thinking end. Otherwise such a great risk. No doubt only 30% by retailers only. May play a game on listing. No member is coming in front with any self subscription figure. Was a chance to get an allotment here, but a great risk. Better to AVOID AND ONLY AVOID. It is better to retain profit of Mankind in Bank only. Enjoy the game.
40. Trueinfo| Link| Bookmark|
May 26, 2023 2:38:05 PM
IPO Guru (1800+ Posts, 1700+ Likes)
Confirmed allotment in retail.
39. abc xyz| Link| Bookmark|
May 26, 2023 2:15:00 PM
IPO Guru (1100+ Posts, 1100+ Likes)
It's very very hard to digest that such a very very highly overpriced Share is going to sail through and Proventus is going to collect Rs. 69.54 Crores from this ipo. This is not smaller one in SME sector. I am sure that it will probably list in positive zone too. This is the smallest issue in term of size but the biggest issue in term of Fund collection. Who is responsible for this kind of Dadagiri, just think . I think this the smaller brother of Adani Enterptise.
In short in this kind of world today who manages the things better is Sikandar. What lesson we are going to teach our youngsters or ourselves from this issue.?
But your rate is same as ipo app every notifications appears in app and you paste here every second GMP paste karne ka kya matlab please post any genuine things.
Pls don't take in other ways my meaning pls update one or two time in a day only I m not for telling for stop this, by this way your post will be valued post.
@svh , that is true. But valuation wise seems like discounted listing is possible.
28.2. svh| Link| Bookmark|
May 24, 2023 4:01:02 PM
IPO Guru (2400+ Posts, 3600+ Likes)
This is the most eligible victim card of multiple IPOs. Expecting listing @ 700 + UC or 750 + LC. In other IPOs also gmp will sustain or not till listing looks doubtful. We have seen earlier also when 5-6 IPOs are coming at the same time. Operators also have limited fund and budget to buy the good quality stocks.
@svh Sir, keeping any funds reserved for this one or completely skipping ?
28.4. Imhilli| Link| Bookmark|
May 25, 2023 3:30:15 PM
IPO Guru (1200+ Posts, 700+ Likes)
Better to buy from the secondary market after listing, if at all you are interested. You can see the price movement for a day or two and can take a decision.
@Imhilli Sir, I only apply for listing gains and exit strictly in pre-open in SME IPO's. Will apply here if there is any possibility of listing gain or if I get any deal from grey dealer (currently no deals available in Prov Agro).
28.6. svh| Link| Bookmark|
May 25, 2023 5:18:53 PM
IPO Guru (2400+ Posts, 3600+ Likes)
Completely skipping this one. Not at all interested in new LMs. I guess 400/500 in long term. This is totally different from auroimpex. Auroimpex fundamentals were good except d/e now started hitting uc. Tomorrow it may cross issue price again. Here in this issue frustrated investors will apply just for the sake of allotment. In other IPOs also gmp is not sustaining due to multiple IPOs. Selling tone started.
Not going tobe a good show. Already a big issue, followed by high price and other good SMEs in line. Will be managed by promoters to sail through. Finger crossed. This is avoid for me. No need to take unnecessary risk. Funds saved is Funds earned. Keep smiling.
24. abc xyz| Link| Bookmark|
May 24, 2023 11:28:49 AM
IPO Guru (1100+ Posts, 1100+ Likes)
Wish this issue may also get the overwhelming response better than Remus. So the maximum funds blocks in the Proventus.