I applied for two hni applications of 8 lot each. Hope to receive one lot each against both applications. So far, never received any allotment against sme ipo.
The question is basically 1 application of 11 lots or 11 retail applications... He is IPO mentor...I guess that much knowledge he has that more that 1 lot is usually hni in sme ipo... I'm not expert but I guess you'll be confirm allotted one lot if hni subscription is less than 15x-16x
@Palka as the things stand now, the subscription is 5x, so you will get 2 lots. But it is expected to rise till the close. You might revise your bid upwards as per the subscription data.
161.3. lokes| Link| Bookmark|
June 14, 2023 12:37:57 PM
IPO Guru (4400+ Posts, 5100+ Likes)
i will be applying here for sure, will be applying 2 hni applications mainly to get 2 lots.....hni should be around or cross 20-25X in my view which is very good seeing the issue size and one more good ipo in parallel.... I will mostly be skipping urban waste in hni as i don't get lucky usually in allotment in highly subscribed ipo and urban hni will be around 200-250X in my view...and i don't think spectrum will list negative....it may give lesser listing gains due to big issue size but mostly no negative listing...spectrum looks good for long term holding also in comparison to urban waste...
I think wounds of ITCONS (the closest comparable company apple to apple basis geographically as well as business wise ) are still alive. Such low subscription tell a story.
Applied 11 retail applications with full confidence in company business & promoters. One member suggested that it will became as sealmatic. I also strong believe that.in short dark horse.