Boycott all Asit mehta sme ipo , in fact all sme ipo only .max loss in this year .. got one lesson never go on fundamentals it's operators market .. go with subscription figure @ umang what's ur call after today's rate
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March 27, 2018 11:23:50 AM
IPO Mentor (800+ Posts, 1100+ Likes)
Sarveshwar ne din ka Chan aur raat ki nend taken of allotte how this loss will be recovered while all other ipo manpower CNC, Shreeshe engineer, Tarachand, MDL all listed above issue price or give retail chance to exit above issue price where is fundamental of sarveshwar. It is disaster as I know from 2 years not so bad with any ipo whether it be SKS textile. Avoid all sme of asit Mehta take swear of GOD
Bal Krishen is based out of Dubai, UAE. Middle east is probably the biggest market for rice exporters (KRBL has around 90% market share there). He must have seen something in Sarveshwar at prevailing price to invest. However, i have seen many big investors doing pump and dump in SME scripts. Lets see how this goes in next few days.
Umang ji i m ur big fan plz muje dynamic cable ke fundamatle ke bare me bataye kya me kharid sakta hu 1 year hold kar sakta hu koi or achcha sme ho to vo suggest kare plz guide me
Why do you want to buy sme??? Buy any sound mid/large cap. You can buy/sell in lots in SMEs,whereas in main board you can buy/sell even a single share.
You can buy small quantity & average it if it falls further, in main board. So my advice is to buy any stock from main board. Sme's will take time to perform even if market improves.
Still correction will continue till nifty reaches 9600/9700. From that level u start buying. Pls. do your research & select stocks.I won't suggest any stock, as I always goes wrong in stock picking.
Dear Umang. Your loss is mounting because you are not sold on first day even hni got firm allotment. Today is Rs.58. If you sold on first day means you can buy now but you are not possible to do so. Good company but poor subscription fails to gave listing gain.
I vowed never apply in any sme last year and this year i only applies bandhan.i am very choosey.i never get any sme.full condolences for sarveshvar holder.hope worst over near 55 soon
Umang plz revert , I already booked looses in sarveshwar by selling 3 applications only one application left .. r u still holding ur 7 applications.. don't u know let's tk another opportunity nd book losses
No I will not book loss in this SME. I am holding all 7 applications. I will stay till full year results will be declared.
If I find lucrative deal in secondary market in recent fall than I can switch half of my investment. But I will not switch in any SME.,as I already have too much exposure in SME.
Lesson learnt: Going forward,I think most of the retailer will go with one or 2 lot max.This IPO thought good lesson to most of us. If I'm holding more than 4 lot ,I would book loss on 50% of lot and keep remaining for long term.i would recover the loss by investing in secondary market as most of quality stocks available in low price. Disc: Holding 1 lot
Prabhakaran & umangj I have 8 lots of Sarveshwar food.my 11 lakhs Rs blocked.what both you are suggesting me weather I hold all lots till full year result.or switchover another script.market condition are not very good also.your opinion are very important for all who trap in same situation.
Sorry for delayed response. Most of us here have cried out loud when SFL was sinking below 20%. Guys, remember one thing that sharemarket is all about demand-supply. In fact the whole world is operated by demand-supply theory. Why I'm saying this i because many of the retailers applied for 2 or more bids (or lots) for SFL which got subscribed 1.56 times. The consequences are, 1. Let's take a scenario, that an RII has applied 6 bids (using 6 different DEMAT-PAN) and got allocation for all 6 lots. Around 8 lakh rupee is locked. Even if the longterm view of the share looks good, in shortterm because of micro/macro economic conditions if the listing of the share falls, he is enforced to sell 3 or 4 lots, which brings down the price further. This is the reason why the share price goes too low. As WB says "Bulls make money, bears make money; it's the asses who loses". Dont be an ass - when market hits, it will always hit the weakerhands hard 2. Another scenario, an RII applied for 1 lot, he didnt get allocation. If the script lists at 20% UC he will be disappointed. But, he wont be incurring any loss. If he got allocation for that lot and even if the share price falls too much (coz of economic conditions), if the company has good longterm value - it wont be hard to block 1.3 lakh in this script. Third case, if he didnt get allocation he can choose depending on listing whether to buy it or not. This is where the stronger hands comes into the picture. They will force the weaker hands to sell it at lower price (by lowering the price).
My thumb rule: I dont apply in IPOs for listing gains. If you're applying in SME IPO for listing gains apply during july-september because usually in Asia till may, there will be slowness in Quarterly numbers. Second thing is, make sure that IPO is subscribed more than 50x times - (drawback is) which will thin your allocation chances.
Up move started....Nearly 10 % Up....Action speaks louder than Words.....It's not aberration the Fundamentals deserve strong Up move.....expect to cross 85 levels soon...
Now my confidence in Sarveshwar Foods has increased further.....After seeing the Profile & History of Bal Krishen Ji... It means his fund has made investment in 254 lots worth Rs.3 crores (approx.)...If We compare Our Investment of few lakhs with this huge amount We can easily find the reason to stay invested....Those who have sold the allotment still have chance to re-enter & keep their holdings for getting good profits....
You cannot base your confidence on the script just because some HNI bought huge chunk. His pockets are deeper than ours and we do not know his rationale for investment. Remember that he bought because there was a seller and that too was a fund. Why they sold in such a short time? Go thru some recent SMEs and you will find lots of buying/selling by HNIs even after listing in bulk deals. In no way it should increase our confidence in the script. 6M results should come out soon. Lets see how they perform. That will be the best yardstick to see if they walk the talk. Rest will be taken care automatically.
Umang Sir, on January 10,2018 websol energy INDIA MAX Investment Fund sold at Rs. 121 and now the rate is Rs. 94. So, we can say that INDIA Max Investment Fund who buy shares at Rs. 85 and now selling shares at Rs. 70.50. You are intelligent to think what to do and please read the link given by me.
As far as I know, funds don't invest for such a short span ( 7 to 10 days period). I am unable to understand what kind of deal they(funds) have with L. M & promoters. Lots of things happens in SME IPO behind the scene. Actually we are betrayed by L. M. in this SME. Although company's fundamentals are sound so we can wait in this SME without any fear. But I have learned a lesson that before applying in any SME, track record of L. M. must be reviewed before company's fundamentals.
@Umesh: If we see there are 4 LM for this SME. Of them two are very reputed and it's government owned viz. Indian Overseas Bank & SIDBI. How is possbile that LM can play manipulate with this SME?