Hello to all the Pundits of IPO .. Want to know what are the chances of Shankara IPO listing below the issue price (whatever is the issue price decided) .. Please provide your valuable inputs
@Deepak G Over all good analysis Hope u should contribute regular in this forum.
730. sauravk| Link| Bookmark|
March 28, 2017 11:25:50 PM
Top Contributor (200+ Posts, 400+ Likes)
One basic query as I am new to ipo world:
What do you all mean by saying money not blocked? I apply from icici asba and immediately after submitting application, the total available balance reflects the updated balance although the total balance shows full balance. I recently applied for dmart and now shankara. Same thing happened. Getting confused by these blocked/not blocked message? Is there something not happened correctly in my applications?
These people are submitting application through form...People applying through asba get instant information or can check available balance. Or maybe they are applying thru PSU banks who have different online procedure...I do not see any person having problem with icici or Hdfc or kotak
I had mentioned in previous posts that if you had held the stocks of 2016 IPO''s (applied each for Rs 1 cr), you would have made Rs 3.7 cr by the year end.
Now the question is that if you have resource constraints, and you want to flip the IPO on listing what happens. I did the analysis of 28 IPO''s of last year. If you had sold on the closing prices of the listing day, you would have netted Rs 1.3 crore.
However the key to big bucks is the bumper allotment with a reasonable listing. The top six IPO''s gave a combined profit of Rs Rs 1.33 crore. Out of these six (Endurance, Quess Ujjivan and Shiela) gave the maximum bulk as one would have got 100% allotment in the HNI category.
Only big loss on listing day closing price would have been on the ICICI Prudential Ins. So the moral of the story is if circumstances permit, try to hold on to the good companies and build a nice basket of portfolio.
Keep analysing, reading, debating, and Investing. Cheers
Sorry forgot to mention about taxes. If you are flipping the stocks, you are bound by the Short term taxes. So on a conservative estimate Deduct the Taxes from your returns.
So the "Apply, Get Allotted and Hold on to the portfolio" kind of guys, make more money and also don''t have to pay any taxes !.
I remember Septa suggesting NGL Fine Chem in this forum just few days back which he bought @ Rs 20 and I was tracking this stock since then out of curiosity.....today this stock jumped more than 12% and is at Rs 423.....Good job Septa !!!