Siyaram Recycling Industries Limited IPO Message Board (Page 3)

i have applied all retail applications only in benchmark and some small hni applications in siyaram

Sailing in same boat with u man, never got HEM sme ipo

I haven’t allotted in any sme by any registrar…

Till date got only 1 SME - Baba Processing which sold in pre-open at the Issue price... no luck with any of the profit making SME IPOs

Applied in retail from all accounts.
Kept amount for a few retail applications but not sure about Benchmark Computers. LM is good there but name of Chacha is irritating.

​@ipo share would be glad if you could share who is this chacha which is being kept discussed about in various pages? what were the previous scripts where he was involved?

​@mark bab Truly speaking, I am not aware about his details but you may get some input from Benchmark page where it is mentioned as Chacha from Sonepat.

Role of Market Maker

​@Basuvr i did not get how this works

1. As per my knowledge Lead manager decide for wether to put QIB portion or not.
2. Role of market maker is to infuse liquidity in stock, as MM can put buy and sell order at same time.They are also allowed to place 2-way orders (buy and sell) at the same time. For example, they can place in the range Rs 100 – 102. They will buy stocks at 100 and sell them at 102. They keep the profits made.
From CG...

If anything wrong then clear me..

​@Crow bhai, @k l patel bhai,
Market maker is a psychological cushion, so to say. They are expected to provide 2-way quotes, i.e. liquidity. My understanding is, they are to ensure the stock doesn't hit either circuit easily (at least 75% of the session).
If you look at the recent Accent Microcell listing, it first made a high of 10 paise below upper cricuit, then hit low of lower circuit (but buyers were always there). So, probably MM played a part here on both sides.This mechanism especially generates some confidence in those issues which don't have QIB quota.

But SME listings are replete with examples where this doesn't happen. Even Accent did hit upper freeze later. Probably because the buying or selling qty (pressure) exceeds the MM portion - then they are helpless.@Basuvr ji may correct me.