My advice will be no. I have purchased earlier without checking valuation. it may list around the 800-900 & valuation are high here . Tata brand name and ev space will fetch the higher valuation but there are good chance you may get it in lower level after listing . Apply with full force in ipo
36.2. PSR| Link| Bookmark|
May 4, 2023 2:58:12 PM
IPO Guru (1300+ Posts, 700+ Likes)
Not worth at that price.
Except Barbeque Nation Hospitality, all recent listings are at Discount comparing to price ruled in unlisted market before issue.
PREMSSSSSS , Please try some bargaining here as ipo is around the corner and many people want to sell on this price.On pre-IPO shares There will be lock in for 6 months after share list . After 6 months euphoria wil be over and price will reach at correct valuation. Even I want to sell some shares on current price and but not getting buyers on this price.
Two examples in my memory 1-uti amc, unlisted price was around 1000 But ipo came @550 and it was traded below 550 for long term eventually went upto 1200
2-paytm, unlisted price was@3000 after split, ipo came @2150 , rest is history
Unlisted price of shares trading volume very less and price can be manipulate easily and also creat hype when ipo coming
So never buy unlisted shares when ipo coming near future
I have seen in few IPOs even before ipo is confirmed they start grey dealers. Grey is in itself is unofficial why would they wait for sebi approval. I have many doubts in grey like taxability , settlement, reliability jdishonour by counter party) etc. Anyone could shed light on this topic. Tell us whatever you know and your experience in grey market
I also have some viewpoint on current price of tata technologies in unlisted which currently 875 rs which stares its valuation at approx 35000 cr which is unreasonable and unrealistic It's actual and value is about rs 300 which sets its valuation close to 12000cr which is at pe of cyient which is its most ample to ample competitor
Dear Members, In my earlier post in Avlon I had shared the news of Business Standard updated on10.03.23 TTL seeks to raise 4000cr according to DRHP filed and sale of upto 95.7 million shares according to the price band between 400 to 450. However any figure may come beyond our calculations based on news. I had also shared in Anlon on 26th March 23, regarding Bonus, split of Rs. 10 in 5 shares of Rs.2 each. The grey market running price which was very high price at 750. The post is at page no. 14 in Avlon. Even the price band according to figures may be 400 to 419. Better not to say 4420. Thanks.
32. Smile✍️| Link| Bookmark|
May 2, 2023 5:06:34 PM
IPO Guru (1800+ Posts, 1100+ Likes)
@all investors We all prefer prostocks for minors. But beware of charges. After quarterly account settling when you have to pay any kind of charge and if ur fund value is zero, you have to pay big penalty "daily". So don't forget to check funds
@Smile✍️ Thanks for highlighting this issue, I am under impression that since we already deposited 1000rs while acc opening, there is no AMC charges here, also any transaction related charges will be deducted from the sale proceeds and credited in trading acc. until now this is my understanding and not faced any 'penalties' issue, can you please little elaborate how this actually happen?? It would be beneficial for all Prostock minor account holders to take care in future..
32.4. Smile✍️| Link| Bookmark|
June 9, 2023 10:26:29 AM
IPO Guru (1800+ Posts, 1100+ Likes)
@Sprint in my one account fund was zero, for teamlease buyback they charged and my fund value became-32, on next day fund value was -54. huge penelty they are charging so be aware.
@Smile which bank you use for minor? Yes bank is not allowing online application through ASBA. Yes bank is also not allowing to create upi for minor account. Same issue with my HUF account. Which bank is better for asba of minor and huf?
32.6. Mr. Singh| Link| Bookmark|
June 9, 2023 11:50:47 PM
IPO Guru (1000+ Posts, 600+ Likes)
Prostocks is good. In case of buyback they charges 31.50(buyback charges) + 23.6(dmat debit). Dmat debit is charged by all dmat. In prostocks 31.50 is additional. Not a big amount.
32.7. Mr. Singh| Link| Bookmark|
June 10, 2023 8:20:17 AM
IPO Guru (1000+ Posts, 600+ Likes)
Just checked on zerodha and they also charge additional 20+gst for buyback placement. So in zerodha also total is 23.60 (buyback charges)+15(dmat debit).
32.8. Smile✍️| Link| Bookmark|
June 13, 2023 7:17:03 PM
IPO Guru (1800+ Posts, 1100+ Likes)
I am not talking about charges. Prostocks cut pocket heavy as penalty when fund value turns negative. Nothing else.
32.9. Mr. Singh| Link| Bookmark|
June 14, 2023 9:28:36 PM
IPO Guru (1000+ Posts, 600+ Likes)
@Smile✍️ Example you gave -32 then next day -54 are not penalty but buyback charges and dmat debit charges. Were you charged penalty for negative balance. If so what was amount?
32.10. Smile✍️| Link| Bookmark|
June 14, 2023 11:32:48 PM
IPO Guru (1800+ Posts, 1100+ Likes)
@Mr. Singh At last quarterly settlement I also think so n ignored but within few days fund value was reached to almost -250.
31. Eagleye| Link| Bookmark|
May 2, 2023 11:36:13 PM
IPO Guru (6600+ Posts, 22000+ Likes)
23. Liger| Link| Bookmark|
May 2, 2023 11:31:19 AM
Top Contributor (300+ Posts, 500+ Likes)
Most hyped and anticipated ipo. Going by the hype and craze for Tata group, ipo may be aggressively priced. Definitely going to come up with expensive valuations which is not going to be good for listing gains/short term. There is no hurry to jump on the bandwagon. It can be accumulated for long term after listing when the hype/euphoria fades away.