Experts please share your views on Le Merite exports, bought 18 lots at 82 Rs now in huge loss, now this trades around 57. Will this stock has chances to move up in near term, day by day, the stock value keep reducing. Expecting the experts to share your views on this @Lokesh, @Noorul, @Avenue, @mRavi, @ipoanalysis, @eva, others suggestions also welcome
They can't do anything anyway.....company is good...it would reach 100 eventually.....bad times bad picks but not a bad enterprise.... And u see it has stabilized in the range for few days so from here u can't loose any more....so stay invested and stay positive.....only thing is when it will move up ....its a matter of when and not if
Really !!! Do you mean that one lot decided the listing @ 16. That One lot might have saved many, for the time being though, Else might have listed at much lower price... Silver pearls are scattered.
Scarnose International Limited was established in the year 2011 as a Private Limited Company with the basic object of Trading. Till March 2019, there was no major business activity in the company. After that they started trading of Raw Cotton, Cotton Bales, Yarn and manufacturing of Ladies Kurtis and Dress Materials through outsourcing model. Their company had started its business operation effectively from financial year 2019-20.
@IPO Gyaaan, After that amount needs to blocked while applying itself. So the current extra time won't be there. Mostly the UPI and ASBA will be more or less same from time perspective.
32.5. KAPPO| Link| Bookmark|
June 8, 2022 7:53:43 PM
IPO Guru (1200+ Posts, 800+ Likes)
@JETHALALJI & OTHER SENIOR MEMBER MERI EK QUERY HAI KI 1 JUNE SE UPI KI LIMIT SABHI BANK KI MAX 1L HAI TOH KYA HUM LOG UPI SE SME BHAR PAYENGE REPLY PLZ THNX IN ADVANCE
32.6. Jetha Lal| Link| Bookmark|
June 8, 2022 10:25:53 PM
IPO Guru (1000+ Posts, 2100+ Likes)
KAPPO JI, As per my knowledge I don't think UPI limit is 1 lakh and if I remember then it was increased till 5 lakh for applying in IPO. I usually don't use UPI for applying for IPO rather go through ASBA route. Kindly once cross check and confirm.
Thank you 🙏
32.7. KAPPO| Link| Bookmark|
June 8, 2022 11:33:02 PM
IPO Guru (1200+ Posts, 800+ Likes)
@JETHALAL JI THNX FOR YOUR REPLY PAR AFTER 1 OF JUNE ALL BANK DECREASE LIMIT OF UPI TO 1L=>
32.9. Jetha Lal| Link| Bookmark|
June 9, 2022 12:01:26 AM
IPO Guru (1000+ Posts, 2100+ Likes)
@KAPPO JI I am not aware about it. If you can share news/information link wrt decrease in UPI limit then it would be very helpful for me.
Thank you 🙏
32.10. KAPPO| Link| Bookmark|
June 9, 2022 12:39:46 AM
IPO Guru (1200+ Posts, 800+ Likes)
@JETHALAL JI MERE PAS ESSI KOI INFORMATION NAHI HAI PAR JO FEDIEL MAI UPI REJECTION HUA HAI USKI VAJAH 1L KI UPI LIMIT HO SHAKTI HAI IS BASIC SE MERA MANANA YE HAI KI IS IPO ME BHI UPI FAIL HO SAKTA HAI AGAR KISI NE UPI MANDATE SUCCESSFULLY ACCEPT KIYA HO IS IPO ME TOH WOH IS FORAM ME JANKARI DE
32.11. lokes| Link| Bookmark|
June 9, 2022 1:15:30 AM
IPO Guru (4400+ Posts, 5100+ Likes)
yes now most banks have 1 lakh limit in upi from 1st june, so in sme ipos we can't accept upi mandate......in fidel ipo, we tried in many banks/apps upi but mostly didn't allowed that time and mandate failed...and even we can check normally by transferring money from phonepe upi to someone else then also above 1 lakh amount its not allowing....
32.12. Jetha Lal| Link| Bookmark|
June 9, 2022 2:23:16 AM
IPO Guru (1000+ Posts, 2100+ Likes)
@KAPPO JI Thank you for letting me know about this crusial information 🙏 I was litterally unaware about it.
@Lokes sir Do you know the reason behind it? I think during LIC IPO it was raised till 5 lakhs (something like that coming in my mind). It's a blow to sHNI investors in regular IPOs and even retailers in SME IPOs.
Thank you 🙏
32.13. Trueinfo| Link| Bookmark|
June 9, 2022 8:29:06 AM
IPO Guru (1900+ Posts, 1700+ Likes)
@Jetha Lal ji, you mentioned about being unfair to sHNI. In my opinion, it was unfair advantage to sHNI or retail to virtually cancel their bid a day after closing of the issue, by not accepting the mandate. As a result,sometimes the subscription figures were misleading as happened in LIC and Ruchi Soya. Now, it will be a level playing field and subscription figures will be more realistic. Overall, considered a good move.
@KAPPO @Jetha Lal... I applied in Zerodha via UPI for 2 lots amount being 2.22 Lacs and after some failed attempts I successfully accepted by mandate at ICICI Imobile app on the next day last minutes. Not only me, many other members too were able to accept mandates in Fidel. So UPI limit of 1 lac does not seem to be the reason..
32.15. KAPPO| Link| Bookmark|
June 9, 2022 12:09:34 PM
IPO Guru (1200+ Posts, 800+ Likes)
@AVENUE THNQ FOR UR INFORMATION PAR MERA KEHNA YE HAI KI KOI MEMBER HAI JISNE IS IPO ME UPI SE MANDATE ACCEPT KIYA HO AUR FIDIEL KE LIYE BHI YEHI REASON HO SAKTA HAI YE MERA MANNA HAI
Fidel IPO me maine SBI Bank UPI se 11 Retail Account se Apply kiya tha 11 me se Sirf 1 SBI Bank UPI Mandate Successfully Create ho chuka tha or 10 SBI Bank UPI Reject hua.
Wahi Account me Allotment bhi mil chuka hein. (Feeling Lucky)
@Lokes Sir 1 Lac limit IPO ke liye Shayad Nahi ho sakta.
32.17. lokes| Link| Bookmark|
June 9, 2022 3:36:41 PM
IPO Guru (4400+ Posts, 5100+ Likes)
@avenue @RK @Kappo: As i said , mostly banks had this limit and in phonepe it was not working for everyone in fidel....for @avenue it worked in icici upi but for many other banks it didn't worked as i also tried and others also pointing. And this 1 lakh upi limit if applicable for some bank etc then its applicable for ipo mandate too, as it happened with many of us..... Current running ipo is not good else i would have tried to apply here via upi and tried to accept mandate, can't take risk now if application won't delete properly after trying :)
All brave UPI applicants who applied in Silver Pearl are requested to inform us after accepting mandates whether application went through or had similar UPI issues. Thanks and Congratulations for allotment...
@Lokes.. concerning part is - for me it worked but only after few failed attempts. I mean if rule allows it should work and if is not allowed it should not work. Why initial failures and later success...
@lokes, There are 2 types of limits in UPI. 1. Daily fund transfer limit: 1 lac for now 2. IPO mandate limit: 5 lac for now
Like @Avenue mentioned, It did the same for my sister's application too. 4-5 failed tries till the next day at 11.50 AM and then 1 successful try around 11.55 AM for Fidel. And I checked allotment details for that UPI application on the registrar site, it is showing, "NON-ALLOTTE" and for 2-3 other applications, whose UPI mandates were not successful, it is showing Blank output.
Successful one was on GPay. If needed, I can share screenshots and application details.
Retailers will get HNI portion of shares also. Till now it seems HNI will not be subscribed 1X. 50% discount listing is possible. Retailer please enjoys listing loss.
31.1. Trueinfo| Link| Bookmark|
June 9, 2022 2:42:12 PM
IPO Guru (1900+ Posts, 1700+ Likes)
Abhi toh Dilli door hai. Next two hours will tell the real story.
Dilli door hi rahegi... Only Retailers are applying for listing loss.
30. lokes| Link| Bookmark|
June 9, 2022 1:25:04 AM
IPO Guru (4400+ Posts, 5100+ Likes)
I am not going to apply here for sure no matter what are the final subscriptions in any category....neither company financials nor the sector is interesting for me......We have recently seen that even with good subscriptions, below average sme's didn't performed well after listing like nanavati, fone4 and sonu infratech.
I too have decided to skip this IPO. Expecting listing gain will be too much for this company with weak financials. In this volatile market where everyone is careful about their investment, better to save our cash and wait for good opportunities.
30.3. lokes| Link| Bookmark|
June 9, 2022 3:37:51 PM
IPO Guru (4400+ Posts, 5100+ Likes)
looks its subscription will also be very bad.....
30.4. Trueinfo| Link| Bookmark|
June 9, 2022 3:51:31 PM
IPO Guru (1900+ Posts, 1700+ Likes)
Yes, initial manipulated momentum has fizzled out. Will barely subscribe accounting for rejections and non acceptance of UPI mandates.
29. Trueinfo| Link| Bookmark|
June 8, 2022 9:54:58 PM
IPO Guru (1900+ Posts, 1700+ Likes)
In the absence of any other IPO scheduled after Silver pearl, how will IPO addicts pass time? Must be very boring or even painful!
We all are IPO addict and will go on watching seeing share market news irrespective of other things. Share Market addiction cannot be compensated by watching movies. There are many more things. Money lying in the Bank account will also be a problem. Buy from market and be happy. Profit or loss don't make any difference for addicts.
If Promoter gives in writing that he will give free stay in Silver Pearl Himachal Resort Huts , that too with discounted rates, to cover for possible loss at listing and post listing, I may consider....
27.4. Jetha Lal| Link| Bookmark|
June 8, 2022 12:12:09 PM
IPO Guru (1000+ Posts, 2100+ Likes)
Avenue, Fair enough demand 😂😂 I want lifetime membership to apply here.
The way promoters have decreased their stake, I guess whether they are interested or not in staying here 😜
Great chance to be alloted here who has missed in Fidel.
27.6. Trueinfo| Link| Bookmark|
June 8, 2022 12:57:35 PM
IPO Guru (1900+ Posts, 1700+ Likes)
@Avenue, That's right. frustrated as well as 'vehle baithe' in the absence of any other IPO, all need to control their emotions. But, one doubt, when every worthy senior boarder here says, that SME is pure operator's play, and no fundamentals, then how do we say that operator will not jack up the price here at the time of listing.
In the name of the Company, there is already Silver and Pearl. I don't know the people who are frustrated by Fidel non allotment, will apply in this issue and get Silver and Pearl. DON'T forget LIC. Rest for sometime physically and mentally. Man proposes God disposes.
26. Trueinfo| Link| Bookmark|
June 9, 2022 8:15:31 AM
IPO Guru (1900+ Posts, 1700+ Likes)
Today NIIs will jump in. Many from this forum also. Will be interesting to watch subscription..
Retail officially reaches 1x. Cool down everyone. Expensive financials + falling market = Disaster. Due to negligence and greed, IPOs so expensive sail through. Retailers have forgot Bhatia color, omnipotent and brandbucket pretty quickly.
21. Trueinfo| Link| Bookmark|
June 7, 2022 1:06:29 PM
IPO Guru (1900+ Posts, 1700+ Likes)
Looks like heading for good subscription. May be 5-10×. Some of this forum members, who may presently be avoiding, will also jump in to join the bandwagon.
Most people (retail/HNIs) apply with UPI, just not to accept the mandate. Subscription should not be basis for application, especially in current market conditions.
20.3. Jetha Lal| Link| Bookmark|
June 7, 2022 12:38:59 PM
IPO Guru (1000+ Posts, 2100+ Likes)
@Dinesh Singh Ji I have never looked for SME IPO and I think in most of SMEs there is nothing to analyse. It's mostly operator play. Since I am new to this game so I will observe and learn from senior and fellow members here that how things work here:)
@IPO CALLING JI HAHAHA I wish I had black money 🤣🤣