In SME ipo after 10 trading session circuit will be revised to 10% or 20%
So how it is decided that 10% or 20%?
Please answer, im holding Nephro and i will sell 2 days after circuit revision
83.1. Basuvr| Link| Bookmark|
July 15, 2024 11:27:40 PM
IPO Guru (2100+ Posts, 1100+ Likes)
After 10 trading session it changes to 10%, If there is 10% UC for 3 days, circuit is again revised to 5%
82. PLAZA| Link| Bookmark|
July 15, 2024 11:14:36 PM
IPO Guru (2400+ Posts, 1300+ Likes)
Applied in various lots like 1/2/4/6/7 . Rest will analyse tomorrow. As today all shares allotted in ofs of glenmark lifescience sold and booked 2% profit for two days .
82.1. sbipo| Link| Bookmark|
July 16, 2024 11:13:17 AM
Top Contributor (400+ Posts, 100+ Likes)
Plaza bhai I also applied gls and alloted at 840.6, but could sell only today as my broker didn't allow to sell on 15th, but how could u sell at 2% yaar? It only went to 848.7 day high and clearing price was 837.3. What's your bid price? Thanks
82.2. PLAZA| Link| Bookmark|
July 16, 2024 11:15:27 AM
IPO Guru (2400+ Posts, 1300+ Likes)
You can sell today with better price . I got in hni category
I applied for 104 lots x 3 applications in Ganesh Green IPO. Got 0 allotment even after crossing 0.5x requirement. Complained to registrar and got following response :
On thorough verification of our records and observed that, you have subscribed for 62400 equity shares against to your application under retail, however due to over subscription of the reserved HNI category.
As per SEBI guidelines & Prospectus, for each category we need to allocate minimum application size of HNI (i.e.,62400equity shares). However, for this particular category (i.e.,62400equity shares) 499200 equity shares available on proportionate basis. Based on availability of shares, Company have allotted 62400equity shares in the ratio of 1:4 to 2 shares allotted in that particular category (i.e.,62400equity shares).
On account of cited reason, unfortunate that your bid was not successful in getting allotted in the normal course as per the basis of allotment and under guidelines of SEBI & Prospectus.
I am not able to understand what they want to convey. Please guide experts.
@Rohan Bajaj 104 x 8 = 832 lots applied in 104 lot category. Allotment ratio ~ 832/470 => 1.77 lots Rounding off to 2 lots 1 lot each allotted to 2/8 applicants.
i would recommand you to g root the Basis of the Allotment list and i strong believe not many people will Apply 104 lots
One Lady ordered something from TOMATO App ordered shows it is delievered but the order is did not delivered of just 150 Rs around She filed a case with Consumer court and got 60000 RS compensation TOMATO company as per judge ordered.
77.1. MuStrFc| Link| Bookmark|
July 15, 2024 4:16:43 PM
IPO Guru (3100+ Posts, 2400+ Likes)
Other 4 issues are not behind in GMP, and in the hindsight less than 90% GMP also turns to 90% on day of listing. Probably that's what making them save funds for other issues.
Yeah many have parked funds for tomorrow's 4 SME's because allottment chances slightly better. Still not a bad number, might come close to 800X in HNI.
77.5. Sandapaul| Link| Bookmark|
July 15, 2024 4:34:18 PM
Top Contributor (300+ Posts, 100+ Likes)
Those saving funds for tomorrow and not applying FF today, will be surprised tomorrow, if every big HNI follows same approach,,,,, subscriptions will average out and issues closing tomorrow will also show 400X subscriptions, as only 50% of overall money pushed today by HNI @GrayIsTheNewBlack
@Sandapaul - Yes, you are absolutely right. I think most of the HNIs have followed this stratergy to go FF in Alia Cashewnut. I was expecting 1000x here, may still end up with 900x. But that 100x money will straightaway get into Alia and push the expected Alia subscription to atleast 550x
For small HNI investors, it makes more sense to apply in high GMP IPO as the chances of getting in oversubcriped IPO, above 200 times, are very low. But high GMP IPO can yield better reward. Sati Poly have better GMP than Aelea
@MuStrFc I feel all the 5 issues would list at 90% limit (just overall market should stay good). Sabka paisa double hoga, kisi me bhi allotment pa lo bas (except Tunwal)
76. CASuraj| Link| Bookmark|
July 15, 2024 5:24:36 PM
Top Contributor (300+ Posts, 100+ Likes)
Skipped FF. Will choose other ones for allotment chances.
Playing block unblock game makes no sense when there are alternatives available.
For an odd 50 crore IPO, investors have put in more than 16500 crore...hey bhagwan kya hoga...looks people have made ipo trading as their full time job...despite the ever diminishing chances of allotment ... all including me want to make some quick bucks...
I have a Question on behalf of all the beginers...!
What is it with SME allotment ? 6 Different Applications with single lot better or 1 Application for 10 lakh ?
what is it ? 1 app of 1crore or 10 app of 1 lot ?
someone please clear the paradox of SME allotment !!
69.1. Basuvr| Link| Bookmark|
July 15, 2024 3:56:26 PM
IPO Guru (2100+ Posts, 1100+ Likes)
@Ujjwal Agarwal For SME IPO, higher the lot better are the chances. But if you have multiple accounts with different PAN then try to apply from max accounts max lots
@PLAZA Thank you sir for your promt response. Actually I want to apply in Tunwal also. If I use max. funds in IPOs closing tomorrow, that amount cannot be used in Tunwal.
Am I going in right way or missing something?
I know replying to every query takes your valuable time but your responses mean a lot and quite beneficial to small IPO investors like me.
@safeguard only sahaj solar funds can be used for tunwal motors. Funds used for tomorrow's IPO can only be available from 19th July. Thus, can be used for Mcabs Kataria & so on....