My guess for Sigachi -> Its GMP indicated price of 400. It opened on 570. So I am assuming now based on its behavior, that 400 to 630 was fraud pricing.
Expecting lower circuit to open in 400 zone. Then there will be upper circuits.
But the trick is that in 2-3 upper circuits, I will sell and exit at around 450-500. Because again it may hit lower circuits.
It was Not fraud pricing...sigachi benefited by prevailing latent gmp hypes of during ipo, which was expected listing at over 600 as gmp was upto 400 till or before paytm listing...you may say sigachi did latent listing and latent did what sigachi would have expected to do.had sigachi listed today then it could have been at near 350... IMO
All the pre-open group seems to be trapped in Sigachi, so much for pre-open frenzy.
my million dollar Q , is this a good buy now or wait for further fall ? Ive been allotted one lot in IPO and want to add some more further as i like the business its into
353.1. ipobull| Link| Bookmark|
November 22, 2021 2:35:27 PM
IPO Guru (1000+ Posts, 1000+ Likes)
Let it come down to 400 levels before you start making purchases as its a T group stock which has 5% circuit limits.
Hi @lokes, Need your suggestion please. Was luck so far in any IPO applying in retail category, tried to buy Sigachi in pre-open session as bids were showing 490+, but no luck as buy the time i make changes to my order it had reached UC 598. Now, can i try to buy this share tomorrow or wait and apply for Latentview in pre-open for short term i.e, for a month or so. I welcome other''s suggestion too if anybody could. Thank you
351.2. lokes| Link| Bookmark|
November 15, 2021 7:20:24 PM
IPO Guru (4400+ Posts, 5100+ Likes)
@LV: in sigachi it would be good if you could have bought at pre-open. Preopen orders we can put from 9 to 9.43am (9.44 is last but thats risky etc) , try to put order by 9.30am around or anytime before 9.43am and always put order at, as high as possible, as i explained to suneel in other message. After listing these kind of stocks wont take time to go to UC (T2T stocks like paras). But tomorrow also sigachi will open in circuit only and we cant sell for 2 days after buying so it may be risky if u buy tomorrow, in paras UC went for many days but cant say till how long it will continue in sigachi. So its better that in latent, you can buy in preopen, either for short term gains or for long term, if not allotted.
@lokes, thank you so much for your suggestion, your view was right. Now Sigachi is going in LC, I did not buy when it was 600+. Sad part, Latent was not allotted 0/1 in retail. I had applied for Paras, Sigachi and now Latent in retail, and it has been 0/1. I had no hopes either so was not that disappointed. Thanks for your suggestion once again @lokes.
Sigachi below listing price now.How long the lc will continue?Will it go near the upper bid price of ipo?Thought it will be like paras but do not think that will happen now.What should be the strategy if Latent is not allotted,pre market buying on listing day or wait a bit?
349. Adp| Link| Bookmark|
November 22, 2021 10:16:11 AM
Top Contributor (500+ Posts, 100+ Likes)
Sell sell only sell
348. Krishnaji| Link| Bookmark|
November 21, 2021 12:29:24 PM
Top Contributor (400+ Posts, 200+ Likes)
After a record breaking ipo debut, Found an interesting and worth reading Finshots article on What is Sigachi Industries and what does it do- https://finshots.in/markets/sigachi-industries-record-breaking-ipo-pop/ Hope it helps understanding the company more for the long term player-
Need urgent suggestion please. Should I sell today or wait till Monday to see further developments? Bought @598.5 on Monday and already too much in loss due to LC & couldn''''t sell yesterday as the shares were credited only today morning.
I think it will turn around at 500 level and shudnt go below than that. Its very less stock float. Many would like to buy at 450-500 levels.. Below 400 it appears 200% impossible to me..
346. krupa| Link| Bookmark|
November 18, 2021 10:18:21 AM
(800+ Posts, 500+ Likes)
It can go anywhere now, looking at the selling pressure seems more LC, until someone is willing to buy 12 lac shares to break the Lower Circuit and turn into a Upper Circuit
Dear members and HNIs, I bought few shares in pre-open in Sigachi. Can you please suggest whether I should sell tomorrow or wait? Will it continue like Paras? Isn''t Sigachi already overvalued yet?
345.1. lokes| Link| Bookmark|
November 17, 2021 2:34:46 AM
IPO Guru (4400+ Posts, 5100+ Likes)
Keep stop loss daily soon at opening, within seconds anyday it can turn into LC. If tomorrow also hitting UC then you can wait till Friday for around 700 levels then better to book profit.
Thank you sir. I tried to put a sell order today, but still as the shares are not available in my account(T1), zerodha did not allow to put a sell order. Let''s see what happens. Do other discount brokers allow selling in such a scenario or is it independent of broker? I remember in Laxmi Organics which was in such a segment, my friend was saying that it was allowed in other brokers(probably Upstox) but not zerodha.
345.3. lokes| Link| Bookmark|
November 17, 2021 10:08:04 AM
IPO Guru (4400+ Posts, 5100+ Likes)
You can call zerodha to check...may be it will come during daytime in account. Ask them once to check when it will come in demat for sell, just for knowledge purpose for future.will it come today during daytime or tomorrow or today evening night etc
345.4. lokes| Link| Bookmark|
November 17, 2021 11:43:04 PM
IPO Guru (4400+ Posts, 5100+ Likes)
@MarketLearner : did you check with zerodha? i think shres bought on monday can be sold on thursday only not wednesday, from any broker.
Need urgent suggestion please. Should I sell today or wait till Monday to see further developments? Bought @598.5 on Monday and already too much in loss due to LC & couldn''t sell yesterday as the shares were credited only today morning.
345.6. krupa| Link| Bookmark|
November 18, 2021 10:20:31 AM
(800+ Posts, 500+ Likes)
@ lokes only discount broker not allowed Motilal allowed second day after purchase Account me nahi hoga to bhi bech sakte he Motilal me
345.7. lokes| Link| Bookmark|
November 18, 2021 11:02:25 AM
IPO Guru (4400+ Posts, 5100+ Likes)
@arif: you can place your sell order but its already too late, it wont be executed for today, you should have placed at 9am exactly or even before as AMO. if your view was for short term then it was better to book loss and get out else you may need to stuck here for long time to get your price back....some months at least...it was already risky actually to buy at such huge price. market is also not supporting now.
Thank you for your reply. My first mistake and I have learnt from it. Should not have bought it in first place @598.5 since I couldn''t place pre-order on time @570.
344. ipobull| Link| Bookmark|
November 17, 2021 11:22:20 PM
IPO Guru (1000+ Posts, 1000+ Likes)