I am using Kotak securities, so I have no option of doing stop payment. Kotak allows to apply until 3 PM. As of now the issue is already oversubscribed by more than 1X times so no chance of ipo getting extended or anything.
Can you please update us at around 2:30 PM looking at the subscription numbers? Should I apply or not. I am planning to apply for 16 lots at lower price band(full 1 lac). Is the issue risky at lower price band also?
REJOICE.RAMKY IS OFFERING YOU GOOD ALLOTMENT OPPORTUNITY
Apply and get good allotment. Please remember:No point in running after issues who get mad subscriptions like in Career point.
Moreover the space they are in is INFRASTRUCTURE.
Capital market is conservative in allotting marks. Even they have given 47, which is an indication of its inherent strength.
CRISIL another conservative rating agency has also given 3 out of 5.
You may also recall AQUA LOGISTICS. Retail investors shunned it at issue price of Rs 220.Today it is RS 604.Aqua had a rating of 3/5.The issue was subscribed only 1.94 times from all categories taken together.
Compare this with the performance of heavily favored and heavily subscribed IPOs WHICH hit the market at the same time.
RAMKY IS A GOOD ISSUE.WILL BE ANOTHER AQUA.
APPLY AND GET GOOD ALLOTMENT.
EVEN IF THERE IS NO LISTING GAIN, IT WILL OUTSHINE OTHERS IN THE SHORT RUN.
Some might say it is risky.
Remember in stock market no risk no gain. Be a Contrarian to make money. If you run with the herd, you end up getting ZERO allotment in issues like career point, which is more hype than real stuff.Een if it gets good listing gain how many shares will you be having to GAIN??
Use your upper storey and benefit. No need to become someone's chela and apply only if GEM/Sj/shreedhar/IPOguru/saharanpuri etc apply.
Get out of your comfort zone, take some risk,get allotment and ENJOY. Just keep in mind it is not a one way street to make money in the stock market.In which case everyone would have been a millionaire and not wasting their time in imparting gyan to Chittorgarh visitors!! Particularly GEM/Sj/shreedhar/IPOguru/saharanpuri etc
I will apply 3-4 lots in Ramky. UR inputs had always been supported with facts and analysis. So it has great value in my decision making. Sametime, there are other factors[like subsciption stats] which are highlighted by other boarders do influence my decision to soem extent.
I gained following ur inputs on SKS and GPPL and still holding on to them. SKS, I have added 15 more at 1150.
I have only one demat accnt, hence I dont think I can put 2L in Cantabil. May be its better to disburse 2L between Techpro, Gallant, Electrosteel. Ur expert call please?