The company has released its quarterly results, Positive news for those HOLDING shares in Saraswathi Saree Depot. The report shows a 40% increase in net profit and a 1.1% rise in revenue.
True, Shyam. Let's enjoy the ride from here. There's a possibility it could surpass its previous high, leading to a good upward journey. Let's see what happens,trend and charts looks bullish
Wow, what great results posted by SSDL! A strong net profit increase of 42%, but only a 1.1% rise in revenue. A good move is expected tomorrow. Cheers to the shareholders
Wow, what great results posted by SSDL! A strong net profit increase of 42%, but only a 1.1% rise in revenue. A good move is expected tomorrow. Cheers shareholders
Saraswati Saree Depot Limited's IPO is a promising opportunity for investors. With a strong reputation in the textile industry and a solid growth trajectory. Visit India IPO for moore information
LC halted today itself. For T segment companies, no one can predict the momentum direction unless there is some strong news. Let's see if it can move upwards from now 🤞
278.2. Chhote Lal| Link| Bookmark|
August 29, 2024 7:30:03 AM
IPO Mentor (6100+ Posts, 4500+ Likes)
With this downtrend, appears someone wants to drag it below the issue price.
Still holding am just getting Cartrade vibe which gave me biggest loss of any IPO,Even Premier Energy am planning to hold for sometime due to solar theme
@MuStrFc should i hold alloted lot for 1-2 days more or sell it today only? Any recommendation?
272.1. MuStrFc| Link| Bookmark|
August 21, 2024 3:41:12 PM
IPO Guru (3000+ Posts, 2400+ Likes)
If funds are needed, then can sell allotted one. It will remain in pressure and can go either side courtesy of small equity and flippers entry and exit. @rahulkrjain
Total issue size about 1 crore shares...stock in T2T, no intraday accepted but volumes on BSE+NSE have crossed 50 lakh... I felt something was not adding up till I realised there is no Anchor portion in this IPO.
Again, cant assume every single retail +HNI shares are sold today (which is about 50 lakh shares), which then means that a good chunk of QIB alloted stock has hit the market today....as avg. traded price is around 196/- on NSE, seems like some section of QIB exited the stock with meagre 23% gain...which generally is not happening these days in this kind of a market.
While that does not look promising (QIB exiting), some big guys are garnerring the stock as such low float stocks would suit their purpose. Need to watch out for any bulk deals today. So next few days is going to be interesting in this stock for sure.
Bhai log,.. its just my thought based on the numbers I am seeing and not trying to scare anyone. I could be totally wrong as well like my prediction in the morning that this could list below 180/-
So yeah, feel free to let me know if there are any gaps in my analysis.
268.1. MuStrFc| Link| Bookmark|
August 20, 2024 6:08:43 PM
IPO Guru (3000+ Posts, 2400+ Likes)
These big guys can on any given day be flippers, treat this small mainboard like SME and do their thing. Plus the QIBs who possibly sold in a way aren't QIBs rather than HNI which are ok with that meagre gains. @Esparando
Yeah, we are not eligible. Needs to be an institution like VC, MF, etc. There is a whole list that you can find online..and we do not fall under any of those.
Sold my r lot on BSE with 31% gains. Did not have any expectation of more than 25% GMP. Though got current multiple of Sai Silk (margins are lower than Sai). I expected max gains at 30x PE (39.79%).
Appears that a big gang has played .At 9.44 pre -open volume was 27 .5 lac somewhat above my expectation and price being 200 in nse. I was convinced that a very good listing is going to happen and put two order at 201 and 191. All on a sudden just before closing of bid at 9.44.33, volume dropped to 18.2 lac and price 194. I have never seen such enormous drop in volume in a few second. It surprised me .But settling in uc (after 186 low ) very quickly suggests that game is on consequent upon a good snatch.
266.1. UjwalG| Link| Bookmark|
August 20, 2024 12:15:26 PM
IPO Guru (1300+ Posts, 600+ Likes)
Sir, it happens for every ipo more or less if you look closely. Fake orders which get cancel right before closing, im assuming its algo driven. So these fake ones skew the opening prices according tothe liking of big players. To curb these, sebi has suggested to close pre open randomly 9:40 and 9:45 (as far as i remember). Hopefully after this implementation we will see the real lsitng prices of small issues.
I was also watching market depth, as a learner they made me to think that there is going to be a huge drop but within minutes she closed with no sellers.
I have been studying this listing of IPO for long years and have little understanding in this subject. To me pre -open volume is more important than the price . Name and fame of the company may qualify the volume requirement. For instance Tata Tech listing where with 66% of reqd volume, yield a fantastic listing with a great carry post listing but couldn't hold at the top for deficit in volume.
What you have informed is in line with my experience. But fake bids are not carried up to the fag end. These may be genuine bids put with some intention. Sudden drop in volume in the end seconds is not uncommom but generally it is seen not exceeding 10%. Here sudden drop is as high as 34 % which is seen for the first time. I think bid has not been withdrawn here. Had it ,post listing behavior would have been otherwise. Here bid ,I think ,was modified lower to help open lower to create a little panic and at the same time restrict downside and buy at lower.
@WorthLearning Anything you want to add on the logic side like how this proposed pre-open rule will benefit operators more than retailers versus the existing pre-open rule ?
Hind Zinc OFS for Non-Retailers ( more than Rs. 200000/-): Opened on 16/8/2024. Clearing price is Rs. 487/- For Retailers upto Rs. 200000/-: Bids allowed on 19/8/2024. Clearing price is Rs. 487.25 CMP: Around Rs.513/-. I hope that it helps. Thank you. All the best to all of you.
@Admin @ Chittorgarh.com May I know why Hind Zin was not listed on Chittorgarh ? Just trying to understand if these type of issues do not fall under your domain ?