Can anyone tell me if it will make any difference if I apply one lot or multiple lots (through a single application ) for an SME IPO that is getting subscribed more than one time ?
Midcapmania, in SME IPO as soon as you apply more than 1 lot you became part of HNI group. Retail can apply for only 1 lot in SME.
Now in HNI all applications which has same number of lots make a pool for lottery based on how many times that pool subscribed (based on overall size reserved for HNI) and then those lots will be allotted in between those application based on lottery.
The above is basic case for HNI allotment. Other experienced users may correct me or can share more information.
Lucky this time Got 2 allotments out of 7 applied now hoping for a good listing...😀
41.2. Imhilli| Link| Bookmark|
December 30, 2022 7:54:37 PM
IPO Guru (1200+ Posts, 700+ Likes)
Congratulations GJ.
41.3. GJ 😀| Link| Bookmark|
December 31, 2022 1:18:03 AM
IPO Mentor (1600+ Posts, 400+ Likes)
Thanks @Imhilli 😊
41.4. GJ 😀| Link| Bookmark|
January 4, 2023 12:09:19 AM
IPO Mentor (1600+ Posts, 400+ Likes)
Allotted 2 retail lots by luck this time Planning to buy 1 more lot if it lists or comes near 40-42 levels Buying above 45-47 doesn't make sense to me as per MY risk appetite Atleast not planning to sell for sure unless something exceptionally wrong/negative happens tomorrow
Lots of action happening in the last one hour in the grey market of Ahmedabad and Rajkot..volumes surely have seen a sudden Jump..best wishes to all those who have applied. .cheers
I don't think it has a global presence. In fact business is only in 3 states - Gujrat, Maharashtra and UP. 80% (appx) revenue from top 7-8 customer. Seasonal affect on business. Not saying it's bad but these are the realities
Looks okay to me. Applied a few lots. The 1st 2 years of the last 3 years show bad position mainly due to COVID being an infra company. But situation improved after that and it has good orders in hand.
33. PLAZA| Link| Bookmark|
December 27, 2022 1:41:08 PM
IPO Guru (2000+ Posts, 1200+ Likes)
IMO one should avoid because easy allotment in HNI will disturbed listing .
32. PLAZA| Link| Bookmark|
December 27, 2022 1:40:58 PM
IPO Guru (2000+ Posts, 1200+ Likes)
IMO one should avoid because easy allotment in HNI will disturbed listing .
Applied 15 retail applications. In my view there is very less risk of downside and good 15% to 20% gains. But it may surprise on any side based on current market scenario, so please take your decision as per your risk taking capacity.