@Esparando - Sure, it does normalize. But in which IPOs excesses come and which IPOs defeciencies come matters a lot and that is where luck factor comes in.
@Esparando Beg a pardon, but Indegene with IPO price of Rs 452 got listed at Rs 655 - at a premium of about 45% and no way to be termed as disaster as far as listing goes 😳
Indegene listing was not a disaster. Me not getting allotment is a disaster is what I meant as I applied from quite a few accounts.
But then, the listing was sub par (relative to the GMP and expectations) and that 600+ price was only available for initial 40 seconds I remember and it never traded above 600 (till 3 days back).
Earlier i used get 1 IPO in main/sme every week but since 1-2 month its become very nil chances. Last one i got Aimtron which did very good. But frequency pf allotment become very low.
154.1. SJ❤️| Link| Bookmark|
June 26, 2024 10:59:55 PM
Top Contributor (700+ Posts, 200+ Likes)
@rahulkrjain still holding AMIRTON 👍 its rocking at present
@Tejas Pandya Thank you. I would like to trade for one week, if I don't get GMP rate. No planning to hold it. @Anshujii Double congratulations for double allotment.
Congratulations @Tejas Pandya . Ho sake to hold kar lo 1 din... shayad IXIGO ki Tarah double ho Jaye. Nafa to hai hi hai...
152.18. Chhote Lal| Link| Bookmark|
June 28, 2024 9:52:38 AM
IPO Mentor (5700+ Posts, 4000+ Likes)
@Tejas Pandya 35% प्रीमियम तो पक्का है । Good Luck for even higher harvesting of rewards 🍀
152.19. Esparando| Link| Bookmark|
June 28, 2024 11:04:41 AM
IPO Mentor (1000+ Posts, 400+ Likes)
This is close to Indegene kind of listing.
Huge expectations (even I thought 50% is given), but even the current 490/- levels does not look to be holding considering very weak volumes after initial 15 mins.
152.20. Esparando| Link| Bookmark|
June 28, 2024 11:06:06 AM
IPO Mentor (1000+ Posts, 400+ Likes)
Ixigo is in a trending industry where as this one is an OK industry.
Without volumes picking up there is no way it can go higher...while the other way round post 2 pm is quite possible.
Applied through Groww, mandate was also successful but on allotment status it's showing 'PAN not available'. Tried with Demat ID also, same. What could be the reason !
Hurray, 2 allotments out of 9, 1120 shares got.. as expected due to change in my strategy. Last 6 months, I had not attempted much in mainline. Started with bang due to new approach. Hoping for big listiing..