Senco Gold Limited IPO Message Board (Page 21)

Applied maximum applications. premium should rise more from here

@newgen consultancy Sir please share short tearm invesment stocks ...

Fortis
Fusion microfinance
BLS
KEC

Final call for Senco

Apply for listing gains and short term

Reason for being cautious for long term:

1.During demonetisation on 9 November 2016 , Several IT raids were conducted on company's 3 manufacturing , 2 Showrooms and promoters residence .
Outcome
1) The company was found guilty for
helping people converting Cash into gold. 2) Fake Income tax invoices to evade taxes
And unauthorized sales.
3) Jewellery amounting to 164.27 cr , some
estate documents and papers were
caught . After some time the Jewellery
was returned but the documents were
officially seized and never returned back

2.On the date of deciding of the price band
the PE of Kalyan jewellers was 31.18
And on the upper band the valuations of senco is 15.5 ,
Exact half of Kalyan jewellers
I don't think this math was suggested by the lead managers .

3.The ' Other liabilities' rose to 158.21 cr from
Positive balance of Rs.12 lakhs . I saw NTA but couldn't find the reason , The disclosures are not mentioned properly.

4.Saif Partners who joined the company way back in 2014 , were issued shares @180 at FV 10 , If we calculate they are making 56.5% return with a spam of 9 years . IF we calculate the return it comes around 6.3% p.a
Which is too too less . Even a bank gives more . Why the hell they are selling their stake at such low valuations. There maybe some internal reasons which we are not aware of

@newgen consultancy 

Please check average cost of acquisition is 60.17 per share and offer price is 317 5x return in 8 years. It's partial exit of its total investment in Senco. Please chk it's Qib subscription data

@One Advisory Sir review your post once again you have missed something

If their cost of acquisition is Rs.181 per share then whatever the dilution is , the cost per share remains the same.
They have sold their 33% holding doesn't mean their purchase gets divided by 3

But still happy, you tried researching my points rather not following blindly

Keep it up

And thanks to everyone to encourage me and lot more good stuff to come from my part

Applied 16 retail.

Getting msge from bse to accept mandate before 5 pm at 08:44pm 😂😂

😂😂

IMPORTANT GUIDANCE ⚠️

People applying in retail and HNI..with bid value under 5 lacs should consider UPI application as It gets unblocked automatically through exchange after allotment is finalised.

No more issues of money getting stuck.

@Monster Zero Today someone also asked in this forum about how can we reduce time horizon while using UPI mandate.. is there any option for this or its by default?? Any clue??

Yes, in UPI application the banks role is limited to automatically block as per UPI mandate created, and unblock after the basis of allotment finalised by exchange.

3 bHNI

Game on!!!

Applied 14 SHNI applns. Prabhu sab par kripa banaye.

Anii ji sorry no group. Akela hi haan aapa to.

Me bhi akelo hi hu bhai no. Dedo yuhi baat karlewa thodi wp only

LOOKING BACK - A TRUTH OR A DREAM

March 2018 , an ipo is scheduled to come in the market.Initially it was thought that a great company will bring forth a great sensation. But what a surprise! People spoke big but the ipo was only 99% filled (nii 3% retail 39%), means full allotment. Once upon a time BHEL enjoyed the indisputable leadership in this segment among the listed companies such that in 2008 great fall this
one stood convincingly. Now the image of BHEL having been dented, people had suspicion about this company also in the back of their mind.
Ipo price was 1215 to 1240 , but consequently final price was settled at 1215.0n the listing day
it opened at 1152 and closed at 1128. There after price went on falling , people began to criticise what a HELL ! Within a year it's price was shy of half the ipo price. Within another one year it broke 500 mark and extended upto 480.(I.e 40% of the ipo price)
From there within next two years ,it crossed the IPO price and in May - June 2022 when a group in this board was taking oath for not investing in Govt company shares it's price was at about 1350 which means that it has trebled in the preceeding two years.
Some days ago ,the share has touched 3950 which means that it has further trebled in the last one year from the oath taking ceremony. p/e of the share is 21 and PB is 5 .3
It has paid Rs 173 dividend in the last five years.

Yes, I am speaking of HAL. I reposed confidence in it and think time is ahead for profit booking by and by.

Task at this point of time is to try to find out whether any Govt sector company which is not matching as yet but has potential for going in this direction of performance in the coming days.

Learned members are requested to share with us if found any.

Yup, I had same thoughts when I looked the share price of HAL recently.
Its like a fairy tale.

Which bank ASBA services are good for IPO? I mean u get allotment sometimes and funds get timley unblock??Please share ur experiences

I have used ICICI for 5 ipos, though got 0 allotment but funds get unblocked timely

@IpoRetailer @imethanhunt  
The problem in HDFC Bank ASBA is that you will have to fill up your DoB, Demat account details along with Brokers name each and every time you apply in an IPO.
In Axis Bank ASBA it is much easier, you just need to do your ASBA registration once, and these details will be saved and remain in the account.
No issues with timely Unblock but allotment is purely based on your luck in lottery

@Kavant Zalavadia  Security level of kotak is very low.

Applied 9 BHNI and 40 retails.
Let's see.
Premium is not rising as expected but QIB COSTING is too high, it should list well.

Senco Gold Limited GMP 96 ~ 100 @ 08:30PM # 06 JULY #

Me seeing gmp back on track-
Dil Ko Karaar Aaya
Tujhpe Hai Pyaar Aaya
Pehli Pehli Baar Aaya Oh Yaara 😂😂

Applied 6 SHNI and 3 retail with 3rd party account.
Let's see, this time will get allotment or not!!!
Fund unblocking was pending in SBI.

Hello Friends,

Need your valuable feedack for my better understanding on allocation criteria logic for BHNI's in mainline IPO's

As BHNI's apply for just above 10 Lakhs and allocation is done for just above 2 Lakhs (.. lets say highly oversubscribed).

So, is it good to assume that probability of allocation will be more or less equal - total BHNI subsucription * (2 % 10)

Hence, in the case of Senco IPO, where total BHNI subscription is 72.05 an hence

probability of allocation = 72.05 * 2 % 10 = 14.41?

Assumption is made here that the Application was made for 68 Lots with a minimum application criteria for BHNI

Many thanks in advance for your inputs and suggestions!

@karun your calculation Is correct..... Some technical resignation would be there and some people may be applying more than 10 lakhs but those r just some exceptions..... In the end you have reached a near about correct number....
And each allotment would be of around 2 lacs....

Just do divided by 5 and you will always get the figure to be considered for BHNI allocation.

Jisko idea and cyient mila he usne to nahi apply Kiya na isme bhi😑
Kuch to bachne do ham badnasibi valo ke liye.

@Gareeb Wah..ye badhiya tha guru..

😂

I have blocked the amount through upi and mandate is created successfully but my broker app is not showing that UPI mandate is accepted and still saying to accept the mandate happening with 2 account with same broker what should I do my application is successful or not ?
Expert please help me in this issue

Prostock was not working Today. IPO orders get failed. Customer care has asked to apply through Bank ASBA and they have no clues on when this issue will get resolved.

Whoever applied in Prostock, forget this about this IPO, your application itself not accepted

I experienced the same issue in Upstox app. I hope that the application won't get rejected.

Why is GMP decreasing??

​@lokes Please share your opinion, shall we apply?

@lokes sir ji ..whts d expected listing..Subscription ko dekhte hue

too early to predict....but may be around 405 to 420 levels

IF I APPLIED FULL IN SHNI WHAT IS MINIMUM ALLOCATION 47 OR 658 ? EXPERT REPLY PLEASE
THANKS IN ADVANCE

658 in sHNI & bHNI

658. 𝘪𝘧 𝘢𝘭𝘭𝘰𝘵𝘦𝘥.

Guys fund unblock krne me konsa bank shi h jo time par unblock kar de

Guys first of all..No bank has fix schedule/time to unblock all bids. They do it with some scheduler in specific times based on certain criteria. For example SBI unblocked bid by bid in different times. Similarly ICICI unblocked some yesterday, but for me it did today.

Kuch hi GOV-er bank hote hai, aur mass service registrar hote hai SuperSpeed me kaam karte hai baaki sab bekaar hai. Mass ne toh udayshivkumar me toh 🌏World Record banaya hai.

Any GMP Update?