GMP is 14 to 16 in Ahmedabad & Rajkot. One is able to freely buy or sell in this bracket. Strong Buzz with operators/ Brokerages dealing in GMP that this would list at Rs. 20+ plus. Not sure how much weightage one should give to this, As in Kore Digital the buzz was very strong , However listing was not to the same magnitude. All the best to applicants.
I believed balance sheet and business model of SKP, SR SOL, SEALMATIC, EXHICON with full trust. All are doing well after lack luster listing. If Spectrum list weak, keep an eye on it. Some day it will jump that I believe. Its buy with every DIP stock with excellent promoter.
If your promoters are good, you don't have to worry, they know how to grow the business.
@SADAHAQ ..I too firmly believe in this. However when I see performance of scripts such itcons e solution..strong balance sheet, good client list, good promoters and reasonable valuation not doing great on listing n post that too ..i get a feeling it's more eupherio which has overtaken fundamentals. If horizon is listing, there are many things which playing out in sme as it can easily be manipulated on account of small size
@LOVE IPO My investment horizon on Theme/Promoter/Balance sheet is for 3 years, not a listing gain. However I keep watch on half yearly performance of the company, if its bad.......I switch to better performer.
In case of Spectrum, its a good candidate of mainline and also 15 PE is somewhat comfortable. Operator can crash but we are buying business not a lottery ticket.
Btw I am always ready to exit @20% loss, that is my limit.
Mark my words........15TH June 2023 - 15th June 2024
Double
222.3. Logij Kumar| Link| Bookmark|
June 15, 2023 5:35:03 PM
Top Contributor (300+ Posts, 100+ Likes)
@SADAHAQ, it seems you are getting confirm allotment and spending sleepless nights. For US, lottery hi nahi lagi to bansuri kahan se bajega. Going long in every other SME (after buying in preopen) ke liye Paisa nahi hai re baba. Pehla, yahan par yeh discount list nahi hoga. Immediately double bhi nahi hoga. Range bound rahega, jab tak retailers ke lots snatch na kar le yeh operater. Phir slowly dump karenge pump karke phir se retailers ko. It's continuous process, allotment mile to game ho. Uske Bina kuch nahi. We are bystanders, watching and clapping.
@Logij Kumar.......... Brother I am a long term investor. I don't apply for listing gain. Specially company like Spectrum I am going to buy on listing, if I am not allotted but I am going to get 3 lots this time for 3 HNI applications. Apna kaam retailers ko samjana hai, is Sabra karo, allotment pe chaddi utar ke mat beth jana kyunki operator chaddi chor hai.
222.5. Logij Kumar| Link| Bookmark|
June 19, 2023 7:03:54 PM
Top Contributor (300+ Posts, 100+ Likes)
As usual did not get any allotment (0/2) and it will list in positive. All the best to allottees.
@sbipo@Hope is life@GrayIsTheNewBlack & all Chittorgarh Friends. Applied in Spectrum FF as I mentioned earlier in the Chittorgarh site. The number of Subscriptions is lower than estimated by us. Good company for sure no doubt. Heared Big Good long-term investors have made investments in it. Hopefully Listing won't be disappointed. 100% I will hold every allotment lots. I may add some lots on listing day also at preopen. I will try to update my listing estimates shortly before listing day.
so much calmness in applicants low subscription as per sme craze(but ipo size is big) investors who applied here,have deep faith in company ,thats why so much calmness
i also applied here 18 retail applications i have no worries at all
i have faith on company, Lead manager nd most importantly RIKHAV SECURITIES....
India's largest drone manufacturing company, IdeaForge Technology IPO may open on 26 June. IPO size should be around ₹650 crore with an OFS of ₹350 crore and fresh fundraising of ₹300 crore. Price band around 750 crore.
I replied to you that if you are that much worry, why did you apply ? If you are worry so much, my best wishes that you don't get allotment, at least it will help you to come out from headache.
Or we can make a deal that I can buy your allotment for some small premium, if we agree.
217.3. Ascension↗| Link| Bookmark|
June 15, 2023 12:39:11 PM
Top Contributor (500+ Posts, 200+ Likes)
I'm a retail investor with no experience in SME that's why asked.