@ObviousInvestment Selling is not possible in this since LCs are there. If you were alloted, it would be to sell at the next open trading in this share.
If you had bought on FOMO or without any thesis at higher levels, it will be better to sell.
At CMP it is not a steal, but certainly when trend reverses, it will stabilize quickly so buying may not result in quick returns.
Flippers are stuck, so anything can happen.
Disc: Invested at 199.5. Not to sell till 2 half yearly results.
89. BLUE WHALE| Link| Bookmark|
January 29, 2024 11:40:38 AM
Top Contributor (400+ Posts, 200 Likes)
Applied for the first time in 3 months, as I was tired of seeing oversubscription figures of 300 and above for all issues expected to be listed at premium. When this issue appeared all of a sudden I realised its going to be game (as it is promoted by agarwal from baniya). Applied 56 lots, got one sold today profit of 115000, tax of 15% rest in.pocket
1. 29 Jan 2024 MANSI SHARE & STOCK ADVISORS PRIVATE LIMITED B 240000 194.75 Immediate selling done after buying, participates in many SME IPOs
2. 29 Jan 2024 PARESH DHIRAJLAL SHAH B 120000 190.00 Participates in few SME IPOs, sold all immediately after buying
3. 29 Jan 2024 MULTIPLIER SHARE & STOCK ADVISORS PRIVATE LIMITED B 110400 190.00 Same as Mansi
4. 29 Jan 2024 NIKUNJ STOCK BROKERS LIMITED S 98400 190.12 Market Maker ran or created liquidity. It all depends on the share movement in coming days. But this MM doesn't sell all their IPOs. Apart from Mish Designs and Eastern Logica which this MM sold in bulk has performed disastrously. Eastern Logica had the same LM.
5. 29 Jan 2024 MUKESH SHARMA FAMILY TRUST B 60000 199.50 First bulk deal it seems but from google search, they are into VC funding. Probably for long term.
6. 29 Jan 2024 JINENDRA KUMAR JAIN B 51600 196.92 The bulk deals depict that investment is for atleast few quarters.
7. 29 Jan 2024 SS CORPORATE SECURITIES LIMITED B 42000 199.50 Mixed pattern of selling and holding SME IPOs.
8. 29 Jan 2024 GREEN PEAKS ENTERPRISES LLP B 39600 196.62 Same as Mansi, Multiplier
I seriously doubt the motive of flippers. Sometimes they earn and sometimes they get hell wrong. Only 20k volume today and sellers 5.6 lacs. Mostly this flippers. As per current condition, it is doomed for 2-3 more LCs.
@OneSevenSevenOne , this is seriously good analysis 👍 Not easy to predict a LC after a UC. That too in an extremely euphoric SME market where everything listing well and hitting UC's for fun.
Total share offer 19lk+..... 14lk+ shares hand changed...till now .. And no QIB....in IPO... Meaning today's selling absorbed by bigges.... So shares move to strong hands.... Looks...good for med term... Once can wait next result.....