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February 12, 2017 11:56:02 AM
(200+ Posts, 300+ Likes)
No doubt SME sector is risky but today''s sme us tomorrow''s mid-corporate or large corporate. Poor companies find it difficult to show satisfactory past performance and regulatory compliances. In my opinion, when bse or nse is accepting any request from any sme for ipo they must be examining the application for investor''s interests also. In my opinion Steelcity Securities Ltd may show a good listing on account of its past performance, large clientele base, govt work orders from several state governments and Central Government move towards digital India. Let us hope for the best. Best of Luck.
IT WONT HIT UPPER CIRCUIT. ANY LISTING GAIN SHOULD BE GOOD TO EXIT (IF ANY) ITS A LARGE ISSUE OF 29 CRORE AND NEED HEAVY BUYING ON LISTING. DON''T SEE VALUE IN THIS STOCK. BETTER OPPURTUNITIES AVAILABLE IN SECONDARY LISTED SME
Steel City Securities is going to be immensely benefited from GST by leveraging its e-governance expertise. E- governance vertical of the company will prove better rainmaker for the company and investors will be suitably rewarded. Hence those who will be getting the shares should think long term play for this scrip.
SKL- The stock is having potential to double the money within 6 months to 1 year. Because issue price was very cheap in comparison to its peers. In my view it is still cheap at current price. So wait and watch and sell when price stabilises. Because due to circuit, not much trade is taking place in the scrip. Eye for at least 40%-50% return.
steel city securities ltd ipo crossed 55,84,000 shares actual issue size of shares 4908000 i hope nice returns will on day opening 17-02-2017 just wait check bidding information from this url, https://www.nseindia.com/emerge/live_market/content/live_watch/ipo/sme_ipo.htm
Applications are only received from non institutional investors and 2.60 lacs shares from Corporate. No application yet from Institutional Investors. Retailers are always beaten in the past. So I will be cautious. Don''t know what will be its performance.
@Eagleye , gamble , septa and other valuable veterans holding please give suggestions on( steel city IPO) what should we do apply or not. Is it worth to put money in this ipo I have never applied in SME ipo these is my first time this amount is very big for me to invest please do share your experience for the same.
What about this IPO what are your expectations from this is it safe to put money in SME IPO please give suggestions @ Eagleye mam , gamble, septa its huge amount investment so please guide us there is no discussion on this from your side.Please share your valuable knowledge.
You can check first day subscription details at below link https://www.nseindia.com/emerge/live_market/content/live_watch/ipo/sme_ipo.htm
First day subscription is 62% which is good response, expecting that it will oversubscribe 3 to 4 times by tomorrow. Guys my recommendation to apply since NSE SME plat form giving good returns :-)