Nifty is trading at most extremely high trading range. My personal opinion is it could fall to 5350 (minimum target) & then, even below 5200.
Promoters are smarter than common investors. They know how to time the market. Many junk IPOs are queing-up taking advantage of market buyoancy.
I have sold HDFC Bank Future and bought Bank Nifty Future as Long Short strategy. M2M of Rs.25,000 is stop-loss. This is not my recommendation to you as I don't know your financial position & commitment.
In view of the above, I am going to avoid all forthcoming IPOs in September. I prefer intra-day or short-term
pls do not go with new brlm for tirupati inks.who knows you will hang up your amount like in svpcl ltd.till 2008 to till date no ipo refund interest is given.ipo refund given after one & half years.go to site svpcl.com.real blunder scanm in indian ipo market.aaj tak log ro rahe hey.if you have too much money too loose than go to new BRLMs.again nifty will rock to 6100 mark & new looters will enter the maket & issue will not get listed.look the new issue prices today from top.
Vishal retail high 1200 rs low 12 rs fokat me paisa aata he.
dhanush technology 300 high low 12 to 15 rs.
this is tip of ice berg.apply through asba.MARK MY WORDS YOU WILL NOT GET YOUR REFUND MONEY ALSO.GO TO SVPCL.COM & READ SUPREME COURT ORDER STILL BEGGERS ARE NOT REFUNDING MONEY FROM 2008 TILL DATE.SEBI,NSE,BSE & INTIME SPECTRUM NOT LISTENING AT ALL.GO IN THIS SITE TO LOOK AT THE BOARDERS WHO SUFFERED.YOU WILL GET 1000 PEOPLE.SATYAM KA BAAP HE.SUPREME COURT KA ORDER DHOKE PI JATA HE.REGULATORY IS NOT FOR COMMON PEOPLE.
60. r.k.| Link| Bookmark|
September 14, 2010 1:00:02 PM
IPO Guru (1300+ Posts, 500+ Likes)
DEAR ALL BE CAREFUL WHILE APPLYING IN THIS INK IPO.REGISTAR IS NEW FEROM DELHI.BEETAL FINANCIAL
The Ink manufacturing sector has a bright outlook due to rise in packaging demand and increasing publishing activity. Tirupati Inks is nicely positioned there
SJ,Ravi,gem We are silent readers to the forum. However I can apply only in 2 Ipos, would appreciate your help in identifying the same. Thanks for the help...
Thats why Shreedhar is also applying. Coz he says this can be manipulated and hence he is taking risk
You can apply and get good gains, do not get too greedy and exit early you will be succesful in such ipos
I am not aginnst that.
I have seen shree ganesh and tarapur also. Hence i stay away.
And i do not advice also to my clients and to boarders here coz it can lead to serious losses that is tough for retail investors to bear.
Anyways you know i apply for long term
Just one advice keep stop loss at listing price. Do not think that if it has gone down on listing you will wait for another 2-3 days.
It is better to exit at cost or with small losses keeping stop loss rather than keeping such IPOs for long term if you suffer losses.
Best of Luck
Reards
Setu
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Dislcaimer: This is just advice to IPO finder and meant for him only. By giving him strategy i am advicing him only. He wants to invest regardless of my advice. I am just discussing him strategy on listing day as he discussed same with me.
This in any way does not mean that i am encouraging others to apply for this IPO. I am personally advising my clients and people on this Board to avoid this IPO.
As per the first choice report, It is strongly recommended to apply in such IPOs as these IPOs can give very handsome returns like Aster and Prakash steel Some operators have already started accumulating the stock from grey.
current GMP is around 9 it will definitely give a very good returns as the issue size is very very less and will easily be manipulated The promoters are CA and part of ICAI I forsee a very very strong momentum on the listings
This is what First choice has to say about this IPO Tirupati
First even i was thinking of applying but the facts presented are startling Boss. You take a look and see wether these are valid..coz you have researched it more than me.
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FOLLOW ON PUBLIC OFFER: TIRUPATI INKS LIMITED – UNIMPRESSIVE TRACK RECORD, NO NSE LISTING – AVOID
The Kanpur based printing ink manufacturer is planning to raise Rs 51.50cr through follow on public offer, in the price band of Rs 41-43. The promoters of the company are, Sanjiv Agarwal, Rakesh Kumar Agarwal and Mrs. Rajni Maheshwari. Ashika Capital Limited are the BRLM.
The company’s past performance is unimpressive. Look at some of the risk factors:
The company is yet to apply for necessary approvals in relation to the proposed project.
Shares are not going to be listed in NSE. An indication of the quality of the issue, company and management.
c. The Objects of the Issue for which funds are being raised, have not been any apprised by any bank / FI.
d.The Board had declared dividend at Re. 1 per share for the year ended March 31, 2009, which was not approved by the shareholders in the Annual General Meeting, held on September 29, 2009.
e. Currently the shares listed in DSE. However, there has been no trading of the Equity Shares on the DSE, thereby depriving of liquidity to the shareholders/investors.
(There has been no trading in the shares of the company since January 1, 1993.)
f. The trademark is unregistered under the Trade Marks Act, 1999.
The issue, which opened on Sept-09, closes on 15-09-10.
RECOMMENDATIONS: Poor quality IPO. It appears the real object of the issue is for stock market manipulations. DO NOT TOUCH.
Regarding listing in DSE, reproduced below are the extracts from firstchoice e. Currently the shares listed in DSE. However, there has been no trading of the Equity Shares on the DSE, thereby depriving of liquidity to the shareholders/investors.
(There has been no trading in the shares of the company since January 1, 1993.)
YES I AM TALKING ABOUT HINDUSTAN ORGANICS TRADING AT 42 - 43. I COULD GET INFO WHEN IT WAS AT AROUND 36 AND PURCHASED ALSO. I AM INFORMIANG ABOUT THIS FOR QUITE SOME TIME AND SHORT TARGETS ARE 55 + SURE. THIS COMPANY HAS HUGE LAND BANK AT NEW BOMBAY WHICH THEY ARE FINALISING TO SELL.