The surprising part of this IPO is that not one of the employees of Tracxn Technologies have applied. Also the table containing Company Financials does not show the "Total Borrowlings."
So will this Company have positive listing at a face value of INR1 in the Stock Market Board?
Emplyees have not applied? There was no employee quota dear..... About financials..... Well the less said about this company the better. Financilas seem all cooked up or decked up for the IPO.
Since both HNI portions are undersubscribed, the extra shares of HNIs will go to QIB portion not retail.....(See the issue details....It says retail NOT MORE than 10 % and QIB NOT LESS than 75%, whereby meaning retail portion cannot get more than 10% shares while QIB can get more than 75%......There will be still a lottery in retail and approx 1 in 4 will get the shares...
Y take the pain of applying in 9 bHNIs? You could have combined all the amount and applied through one acc only. Would have got same no of shares with less effort and it would hv been easier to sell on listing day....
121.1. svh| Link| Bookmark|
October 12, 2022 5:20:03 PM
IPO Guru (2600+ Posts, 3700+ Likes)
You and Earthking both let us know whether it works or not. Your contribution will be unforgettable.
๐๐
121.2. Earthking| Link| Bookmark|
October 12, 2022 5:40:34 PM
IPO Guru (1300+ Posts, 500+ Likes)
Sure sir... But my application is not exactly third party ... I mean it's a partnership firm account between me, my brother and father... But the firm itself has a seperate PAN.for the current account KYC, we have given all our individual PAN... So want to see how this behaves... Applied from Indian Bank...
121.3. Earthking| Link| Bookmark|
October 12, 2022 5:50:41 PM
IPO Guru (1300+ Posts, 500+ Likes)
But again retail is oversubscribed... So , if still no allotment , dont know how to take this... But if it allotted then I will be happy and apply Confidently in future IPOs...
Those applying in bHNI, remember with subscription figures remaining below 1x in bHNI, you are more than likely to get shares worth 10 Lakhs or may be more if you apply for more than that.....
120.1. arunARUN| Link| Bookmark|
October 12, 2022 6:48:28 PM
IPO Guru (2000+ Posts, 1700+ Likes)
Well that is applicable till BHNI does not get oversubscribed over 5 times. Let people understand meaning of applying for 10 lakh and getting 10 lakh equivalent shares. Worth of those will depend upon opening price
120.2. Trueinfo| Link| Bookmark|
October 12, 2022 6:56:46 PM
IPO Guru (1900+ Posts, 1700+ Likes)
Both HNI are undersubscribed. So, full and firm allotment as per the application amount and number of shares applied.
Buy in grey at -2 (negative) now instead of applying
119.1. svh| Link| Bookmark|
October 12, 2022 3:20:12 PM
IPO Guru (2600+ Posts, 3700+ Likes)
(-4 ) - ( -5 ) at 2 PM
๐๐
119.2. arunARUN| Link| Bookmark|
October 12, 2022 6:56:15 PM
IPO Guru (2000+ Posts, 1700+ Likes)
Atleast by applying you may turn lucky. you may not get allotment. Rs 2 less still may mean loss based on opening price
118. arunARUN| Link| Bookmark|
October 12, 2022 6:50:47 PM
IPO Guru (2000+ Posts, 1700+ Likes)
This kind of poor QIB response make me wonder why companies keep concept of anchor investors in such issues. Now poor mutual fund holder (whose scheme participated as anchor will pay price, as shares will remain lockined for 30 and 90 days , half , half)
117.1. Trueinfo| Link| Bookmark|
October 12, 2022 2:01:40 PM
IPO Guru (1900+ Posts, 1700+ Likes)
@Real IPO, Do you recommend this for listing gain or long term? If listing gain, then how much you expect?
117.2. PeterEngland| Link| Bookmark|
October 12, 2022 2:14:28 PM
Top Contributor (300+ Posts, 100+ Likes)
@Trueinfo, I think he's just trying to get attention by posting contrarian view. If so convinced, one can try keeping his mouth shut and grab full bHNI lot (10L+) for himself rather than asking others to apply.
Clearly Listing will be at or near par..... Even If one feels that this will give positive returns, he or she can buy from the secondary market or in the preopen and reap the rewards. Why take a risk knowing the present data of GMP etal? The risk to reward ratio is massively skewed towards risk. If you are thrilled by taking such risks and have the appetite to lose some money while hoping for a massive positive surprise on listing, only then jump in. For others, In my personal opinion let this so called " hidden gem" remain hidden and away from your PF.
Secondary market is giving good opportunities....concentrate and park your money there.
Do you think it will be another Gland Pharma. That issue was also given negative outlook. Coma Star was also similarly treated but on listing these gave excellent returns.
117.6. arunARUN| Link| Bookmark|
October 12, 2022 6:46:31 PM
IPO Guru (2000+ Posts, 1700+ Likes)
Supporters of apply never gave good reasons. Atleast i gave good reasons for applying for Gland Pharma. I.e Book value of Rs 250 plus against IPO price of 1500 (face value 1) and profit making company. R&D oriented company etc Here people just wants to give hint
116. IPO guro| Link| Bookmark|
October 12, 2022 6:32:23 PM
IPO Guru (1300+ Posts, 500+ Likes)
The company reminds me of Rategain.. So many negative points are there like offer for sale, only profit in last quarter, post issue promoters holding is too low, valuation is also very high and last they are running fake GMP to boost sentiments.. I Skip.
115.1. ipo share| Link| Bookmark|
October 12, 2022 4:24:31 PM
IPO Guru (1600+ Posts, 800+ Likes)
Thanks for your kind guidance ๐
115.2. Trueinfo| Link| Bookmark|
October 12, 2022 4:29:40 PM
IPO Guru (1900+ Posts, 1700+ Likes)
@Noorul, the minor GMP that was hanging for the last few days had also turned to discount on last day. Not much interest by QIB and HNI. Certainly, worth avoiding.
115.3. Anil Mwt| Link| Bookmark|
October 12, 2022 4:34:20 PM
Top Contributor (400+ Posts, 100+ Likes)
@Trueinfo.. I made a loss in Rategain.. and that keyword "SAAS" was there too... That gives me some negative vibes.. anyways I would like to suggest u to check EMI page thread no.. 329.28
@ Trueinfo @ MonsterZero @ svh @ lokes @ avenue Sorry for the out of context query. Holding 1 lot of varanium at ipo price. Today 10% down. Kindly suggest to sell or good to hold. What should be the strategy. Thanks
Exit.....Plain simple. What target did you have in mind at the time of applying? I bet you applied for whatever gain it would give. You must have achieved that by now. Greediness is what makes people lose money in the market. Sell and move ahead without looking back. Rest follow as per you fin advisor.
Thats cause retail quota is only 10pc. And not many retail applicants read the fine prints. They blindly apply all open issues. This way they win some (maybe more) and lose some without taking the headache of researching and all....
I believe its having positive signal to go as Mutual fund has almost applied for 1 time in this category in HNI for around 1.11 crore shares. risk taker may take risk.