Hi all, Could you guys tell me how to apply for the Hi-Tech Pipes IPO... I have a ICICIDirect account and they do not have this IPO in the list their cust. care told me that they do not allow for subscription for BSE SME IPO. Could you guys let me know which brokerages allow application to BSE SME IPOs?
I have not done sme IPOs so far. I m posing a question to SME IPO fans, Bang king and Manipo and Sashank Tripathi.
1. Markets are now bad, dowgoing like recession. Is it safe now to put money in sme ipo now?
2. On what basis do you subscribe to SME IPOs? Are you subscribing on the basis of subscription figures as happening in Mainstream big IPOs?
3. Are they easily sellable? I mean, some boarders msg are saying "BEWARE OF SME IPO" Does it mean, people won''t be there to buy (like A group or B group shares) whenever you want to sell?
4. What is approximate minimal range of money required to buy one lot of SME IPO?
Put money only in good sme ipos coming at good valuations irrespective of secondary market conditions. Read dilip davda analysis for that. Or do your own analysis
Sme ipos are generally fixed price so subscription figure is not available.
Easily available no. Few banks like Sbi, union offer it through Netbanking. Bigger problem is in selling them. Most broker either doesn''t allow to sell or have difficulty process. Anand rathi allows to place order for sme through their online trading platform. I am a subbroker with Anand rathi and if you need can help you with account opening.
Minimum application among is 1 lakh rupees. Generally 1.2 L or more. Depending on the company.
I have personally applied in 18 sme ipos this year and earned good money.
But one thing to remember sme ipos are not well researched and analyzed by analysts also there are liquidity problem after listing. You should be careful while trading in sme ipos.
Happy investing
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February 15, 2016 12:23:47 PM
IPO Guru (6600+ Posts, 21900+ Likes)
Quick Heal Technologies Limited: (On page 361 of RHP)
Finalisation of Basis of Allotment – February 15, 2016 Unblocking of ASBA Accounts – February 16, 2016
Credit of Shares to D’Mat Accounts – February 17, 2016 Commencement of Trading – February 18, 2016
Dear Investors, Is it not possible to wait till listing day to see what price the Quick Heal Stock starts to trade. Its useless to give so many unwarranted opinions and views about the stock. Unneccessary all are wasting energies in predicting the opening/closing of the stock. wait for a few more days. this translates into unwanted fear which may lead to hasty decisions. Its only 45 shares if you get alloted. +- 30 rupees will be around 1000 rupees. good luck to all
your 100% true. anyway there is no guarantee to get 45 shares also but ppl are discussing about GMP like they got some 1000''s of stocks and fear of losing lumps sum amount