Thats because they are showing retail quota as 25,38,000 and HNI as only of 4,50,000 as against what is displayed by chittorgarh site here or even on NSE.
As per NSE records Retail is not less than 20,91,000 shares and NII is not less than 12,12,000 (including MM portion of 3,15,000). The picture attached is hence not correct.
Tridhiya good subscription numbers but premium and subject2 rates down
66. Splendid| Link| Bookmark|
July 5, 2023 4:33:39 PM
Top Contributor (300+ Posts, 100+ Likes)
This time majority of the retailer have sold in grey and applied. Public ko Mamu banaya. Sab maal ek taraf ho gaya hai. Looking at subscription figure there is higher chance that it will open at 25-30 Rs premium.
Argee with your view............let see........time will tell and GMP will smell something by tomorrow..... Till time enjoy today evening with Ideaforge, Ciyent, Petna Rubber.......
@svh Sir, I have sold all my applications at 33k. I'm not too confident about Tridhya's financials. So, don't want to take risk of going open. Btw, any allotments in Magson ?
64.3. svh| Link| Bookmark|
July 5, 2023 4:33:37 PM
IPO Guru (2600+ Posts, 3700+ Likes)
@Amit Bhasin , sorry brother this platform doesn't allow sharing any contact details. Also, these trades are done on trust. So, it is always better to find a broker in your own city. All the best !!!
@lokes @Noorul Sir, are you going to apply in any of the 2 SMEs closing today - Tridhya or Synoptics? Your guidance is very important in view of recent negative surprises in IPO market. By every passing day, IPOs and SMEs in particular, are becoming absolutely unpredictable and if one is caught on the wrong foot, loss can be quite substantial.It seems that "SAFETY FIRST" is the requirement for the time being. Thanks 🙏
I will apply with few lots to get not more than 1 lot. Company looks genuine but there are some point of consern like LM record is not so great.. Valuation wise company is not cheap and debt is also higher side. Qib have good quota that's a good positive and MM performed well in Mcon rasayan IPO.
63.4. lokes| Link| Bookmark|
July 5, 2023 1:07:47 PM
IPO Guru (4400+ Posts, 5100+ Likes)
@ipo share yes as others mentioned, both are not so good....i am applying in tridhya for listing purpose only, very less chances of bad listing here as good QIB quota also there and issue size is not so big....company is ok ok not so good.... since there are no other good ipos to apply in same time so am applying in tridhya...allotment won't be easy anyways....
Negatives: • High valuation • High debt • Poor cash flow • There are unclear points and discrepancies in the figures in the documents provided.
Positives: • History of successful acquisitions and consolidation of expertise • Strong presence in foreign markets, including Europe and the USA, with growth potential • IPO proceeds will be used to repay debt, reducing interest costs • Retail portion is low (33.25%)
Conclusion: As an IT professional familiar with the lifecycle of IT companies, I know that the initial years can be tough. But once they reach break-even, their growth potential becomes unlimited. Considering this, there's no harm in bidding for 1 or 2 lots. Personally, I'll apply for around 20 lots to get 1 lot and consider buying more if the stock lists at a discount.
This is my opinion, and I may be mistaken. Please conduct your own research before making any decisions. If you choose to apply, it should be with a medium to long-term perspective rather than solely seeking short-term listing gains.
56. Smile✍️| Link| Bookmark|
July 5, 2023 3:42:43 PM
IPO Guru (1800+ Posts, 1100+ Likes)
After minimum 90% refund completion of essen and greenchef, subscription figures are not satisfactory. Those who are not able to sell n apply should stay away.
Those who are taking decision only on Grey Premium , Pls. see plight of Aatmaj. Fund released from Bizotec and Urban Environment simply got chennalised into Aatmaj and it got fat subscription , premium disappeared slowly after subscription. and listing day loss was Rs. 12000 . This ipo with shaky fundamentals , is strictly for those who have access to grey trades.