People should sell Sonam clock and instead buy waa solar. Waa solar is good business and huge growth potential whereas Sonam clock is not a business to look upto.
Hem sec recent good issues are at discount. Retailer who applied have already sold that is why the ret category only subscription. such companies neither have good business and nor any long term interest. Simply avoid as there is great chance of going down post listing
21.1. SONMAYA| Link| Bookmark|
June 6, 2018 6:42:06 PM
IPO Guru (1300+ Posts, 500+ Likes)
start buying now. good time to buy when chips are down. recovery to start soon. seems downside is limited now . also global market condition are good
keep adding your favourite stocks and which you want to add in your portfolio. although stocks are down but seems market will start recovery very soon.
One of the worst business .Always invest in good business. I would rather buy uhzaveri from secondary market than this one. Uhzaveri had done well now and moved from 23 to 30. I won't be surprised if it cross it's issue price soon. Stay away from sonam clock and no interest from hni at all.retailer sold in a those who applied and not sold application will be stuck now.
most os sme list around 3-5 % upper and next day start falling. most probably it wil have same fate
check all recent hem listing hindcon chemical, dhruv consultancy. they went above issue price but cant maintain price gain of 3-4 % with lottery and such risk is bad. nothing great about it
1) Lead manager have few market representative who will spread information about fake grey market premium for day 1 2)The MR will say he is ready to buy application at this premium 3)many retailers will apply and try to sell in subject 2. the same happened in UH zaveri and now look at sonam clocks and waa solar where retail subscription has exceed 4) many innocent retailer dont know this is happening in background and will get stuck in that ipo if appl not sold and also will apply looking at subscription 5)in UH zaveri since it list at discount many did not buyback from subject 2 and cause loss to retailer initially
so ideally if you have great contacts and able to sell in subject 2 and play gamble then apply in primary market sme or else stay away as now most will list at huge discount. you will find that not even 10 % sme will list at premium
this game has to stop and retailer should not get carried away looking at those false subscription which are already sold and this also create artifical premium
i hope no new primary sme come in market and dont turn blind eye on recent debacle of almost every sme ipo
all forms have been sold in grey market similar way as happen in sirca paints so dont apply to loose money. only subscription are form those who already have sold
a request from everyone
1) Please stop apply in any new primary market sme issue unless it is very very good. cheap P/E, good fundamentals ,lm etc
2) stop apply in new issues of navigant and first overseas. they both are frauds.
3)let the new listed sme gain first and sme market to stabilize as new issues will do no good
4)let all new issues remain undersubscribed in retail category so a message will go to LM, company as well as SEBI that we retailer are not fool to throw our money on new issues when their is no return
5) out of last 40 issses more than 30 are below issue price
6) . if there is any discrepency in prospectus the issue should not go through
a sincere request please take a pledge not to apply in new primary market sme unless the recent one stabilize and LM knows how to price it correctly and come up with only good issue
if you allow them to succeed and issue get subscribed even 1 ime they would keep on getting new issues and it is a defeat of each and every one of us
the story of listing gain is now over so dont go and apply each one of thnking that you would sell on listing day.
There is a carnage going on in sme stocks, stocks are cracking 10 to 15 % in a week without any reasons. It's better to avoid all sme stocks, if one is applying for listing gains.
Umang, it is correct and without any reason . that is why i am saying avoid all new sme primary market. let secondary stabilize and newer one hugely subscribed too have cracked.
the reason is clear why sebi allowing too many primary market sme
is sebi sleeping ? also remember market is reaching all time high and despite that sme have gone down is strange and who is selling them at loss
avoid primary market sme and cancel all bids if you have aplied on new sme. let this reach LM and sebi and not come with any new sme ipo from here in as all new issues have caused huge pain