Trying to understand the modus operandi for todays pre-opening action, where in last 3 minutes equilibrium price brought down from Rs. 295 to 215. Could not make out how operators gained from such bizarre action and what they aimed for. looks strange that Sellers with price punched above 215 could not sell while all retail/bulk buyers above Rs. 215 got shares at unexpectedly low price and made them a king. In past I have seen with several shares when such a thing happens, it is usually followed by LC but here it is opposite. Fit case for analysis by experts and further discussions.
Until some rules are not implemented...regarding Pre listing bidding.. This game will be run as usual.. One the sebi fix this rule.. That buy/sell bid in pre listing session..can not be withdrawn.. Than this game will be change !! It's my personal view only..
DUBIOUS GAME OF OPERATORS AS FAR AS BRINGING DOWN THE LISTING PRICE IS CONCERNED . THE GAME CAN BE SEEN IN ALMOST ALL OR MOST OF THE SME IPO'S TOO..... YOUR VALUED OBERSAVATIONS ARE WELCOME MEMBERS.
214.1. A. Rajput| Link| Bookmark|
April 3, 2024 1:02:34 PM
Top Contributor (300+ Posts, 100+ Likes)
Yes very genuine concern what is meaning of receiving ipo after very tough allotment process.if it will available at issue price after listing. Sebi should look into this. Everyone say market is supreme but no in primary market operator are supreme. They can manipulate listings according to their wish
Kindly inform, which bank allows you to save More than one Applicant's PAN & DEMAT number for IPO applications. So that everytime you dont need to fill this details again again during IPO application.
Made a Mistake last time, PAN was mine but was a last digit mistake for DEMAT.
Third party asba applications are not allowed in most of the banks. So why to save multiple pan/demat numbers.
213.5. Chhote Lal| Link| Bookmark|
April 3, 2024 11:30:55 AM
IPO Mentor (6100+ Posts, 4500+ Likes)
Previous message didn't appear completely. Posting again, My experience with ICICI Bank is good. It saves demat IDs which is the account for which IPO application is to be made. No need to input PAN, DP ID or any other details. As you log in from unique account, it is not third party too !
213.6. Chhote Lal| Link| Bookmark|
April 3, 2024 11:48:39 AM
IPO Mentor (6100+ Posts, 4500+ Likes)
This is too much. No idea why post is appearing incomplete with missing words/sentences. Here is one last try. ICICI bank stores Demat/ DP IDs which may be account against which IPO application is intended to be made. Saves you from hassles of inputting PAN, Demat or any other details.
213.7. Chhote Lal| Link| Bookmark|
April 3, 2024 11:54:27 AM
IPO Mentor (6100+ Posts, 4500+ Likes)
Word "drop down" is not getting posted. Very surprising 😯 Giving up .... My response to @NewInIPO is ICICI bank.
Thanks @RNG@Redhu Jind Wanted to know multiple PAN & DEMAT details saving facilities as i'm having a joint account with my wife.
212. Rakcyt| Link| Bookmark|
April 3, 2024 11:50:37 AM
IPO Guru (1300+ Posts, 1300+ Likes)
As the size of SRM IPo is mere 130 cr operators have played to their tune pretty well . Let's wait and watch what lies in store for allottees. But yes.....Khela hobe !
212.1. Chhote Lal| Link| Bookmark|
April 3, 2024 11:59:05 AM
IPO Mentor (6100+ Posts, 4500+ Likes)
Absolutely. Khela ho gaya. One should observe this counter for few more days in place of taking any action in hurry. Good Luck 🤞
212.2. Rakcyt| Link| Bookmark|
April 3, 2024 12:03:30 PM
IPO Guru (1300+ Posts, 1300+ Likes)
Absolutely right.....it can bring more surprises in coming days !! Put partial sell order in pre open @270 but it was unexpected . These indications should be taken seriously till the time dust settles down for good
First main line IPO listing of the current FY. Disappointing one. All expectations crashed . GMP, subscription figures and APPLY by Mr. D D have not proved in line. Only about 5% listing gain. Must thank almighty that not listed in negative in such a negative market. Improved further more than 12% gain on offer price. This is the time to learn from market conditions. Don't take anything granted. Neither GMP nor subscription figures. It's difficult to belive in financial or APPLY tag by Mr. D D. Big trades take place in pre open. Decision to sell in pre open or after open is very difficult. No full proof formula. Hear your own voice and never blame others after any bad result. Going to share some facts and figures in my next post in day or two. Till then have a nice time. Hope for the best.