Sona BLW Precision Forgings Limited IPO Message Board (Page 7)

2/2 means again 3rd party allotment from axis bank.

No.. both were applied from thier own accounts

Upi or ASBA ??

thanks for your detailed research.

QIB already have their full fill. High QIB does not mean good price. Remember Chalet. Very high QIB post allocation

@Arun, then is low QIB mean good price? You are telling about a company Chalet which is completely into a different sector and has not posted free cash flow. You are comparing Apples with oranges. High QIB with less HNI means good allotment and decent listing (might/not be spectacular). I can quote many examples of the same where HNI was not subscribed fully but had good QIB demand like HDFC Life, Gland Pharma.

Sona company has 75% QIB, 15% HNI, 10% Retail with overall IPO size of 5500 cr. In this Anchor investor placed almost 2500 cr. Rest 3000 cr, QIB portion is 2250 cr. It has been subscribed 3.5 times in QIB. So investment made by QIBs is close to 8000 cr plus Anchor investor which comes to 10500 cr. HNI is 450 cr and that go subscribed 0.4 times that comes to 180 cr. Retail portion is just 300 cr out of total 5500 cr and got fully subscribed. So QIB allotment will be close to 83%, HNI 7% and Retail 10%. If any selling pressure from retail and HNI which is 480 cr will be more than easily absorbed by QIB. So demand will be more than supply and as a result the stock might perform better than expectations. QIB wont''t be selling. In fact will be adding more as many QIB who did not get allotment will purchase from open market. Remember that Anchor investor lock-in period is for 1 month which means they can''t sell within 1 month of listing.

Note: I have explained in detail to give more clarity and is just based on demand and supply and quality of subscription.
I have clearly described Fundamental analysis and future growth prospects of the company in my earlier posts in this forum.
Anchor list is rock solid and reputed institutions have subscribed to it as this company will be leading Auto component manufacturer for EV in near future and strong earning growth and operational metrics.

I agree with Lokesh. Many people might not have applied this expecting they can purchase this on listing and might have used those funds for Shyam Metallics. All such people will pass negative comments on the listing of this which can be ignored. Fundamentals are good. Even if it goes down the issue price, i am ready to average it for decent returns in short term.

To add, the listing cannot be manipulated for this ipo but GMP.

Sorry, I am a newbie. What is 3.50 +/-0.25