They sold means it's overvalued at 64. Let's note down their rentry, if any, to know about real value. Meanwhile, just chill. (Disclaimer:- No personal exposure here of any kind. Not planning to buy in near future.)
197. Ipoaspire| Link| Bookmark|
July 23, 2024 10:56:55 PM
Top Contributor (400+ Posts, 100+ Likes)
No need to worry,this will be long term gem,note this comment and see after 1 year.this is much much better than Recently listed sme like nephor ,ambex,prizorech ,diensten etc are listed at good price which gave good returns to investors.Ev segment will be the future,this has presence in many states.company told it will start own manufacturing unit.i will add for every dip and make average,this has good future prospects.
197.1. Ipoaspire| Link| Bookmark|
July 23, 2024 11:36:17 PM
Top Contributor (400+ Posts, 100+ Likes)
See diensten financials, loss making company listed at 150% premium and now available at 100 premium...many sme like these are manipulated .many sme are in insane valuations eventhough profit is in 2 digts (lakhs). definitely this will perform good in long term,hardly thereay another 3 to 4 LC toabosrb ,will add in every LC .this had good future prospects..do ur analysis
195. MuStrFc| Link| Bookmark|
July 23, 2024 10:57:31 AM
IPO Guru (3100+ Posts, 2400+ Likes)
Almost 30 lakh qty on both buy / sell side were just fake / pump-dump orders. For such practices only the dynamic rule of listing is being brought in.
If it had been any other issue which had prevalent namesake GMP, the kind of buy depth it had between 9:40 to 9:45, easily it would have listed at 90%.
From what I've heard listing was managed with the OFS money. Now the real game of supply and demand begins. Unless there's a positive news on EV in todays budget there may be atleast 3 more LC's before any buying is seen. @MuStrFc
Anyways, listing was pretty good taking the size into consideration. Kudos to promotors for giving a profitable exit opportunity to applicants.
195.2. MuStrFc| Link| Bookmark|
July 23, 2024 5:08:50 PM
IPO Guru (3100+ Posts, 2400+ Likes)
If the budget fine print on batteries and charging infra is spread out well in Social Media, this should get demand else will likely remain inclined lower due to no direct relation@GrayIsTheNewBlack
Possible but I guess the budget fineprint was out before market close. Any signs of positive impact should have been visible today itself, with atleast some buying volume towards the close. @MuStrFc
195.4. MuStrFc| Link| Bookmark|
July 23, 2024 9:36:03 PM
IPO Guru (3100+ Posts, 2400+ Likes)
I think the market was apprehensive as there were not much clear cut clues for sectors in particular, some highlighters for all either direct or indirect so the Index might have recovered satisfying itself that equity is still a better asset class than real estate, bullions (except for the one time rebate on bullion purchase due to duties).
After effects should soon follow which will clear things out more. Lets see. @GrayIsTheNewBlack
194. MuStrFc| Link| Bookmark|
July 23, 2024 8:16:13 PM
IPO Guru (3100+ Posts, 2400+ Likes)
But this company majorly imports auto parts, dont manufacture on its own, so will not get benefit
194.2. Mr. Singh| Link| Bookmark|
July 23, 2024 8:32:56 PM
IPO Guru (1000+ Posts, 600+ Likes)
Will it offer benefit to companies who manufacture in India? Tunwal is just importing, assembling and selling right?
194.3. MuStrFc| Link| Bookmark|
July 23, 2024 8:46:26 PM
IPO Guru (3100+ Posts, 2400+ Likes)
But the reduction in duties for critical items used in EVs directly impacts their raw material costs, plus they have already highlighted to set up manufacturing going ahead @sloth@Mr. Singh
We'll know more once bulk deals data is out but there's something definitely fishy here (getting Spectrul Talent vibe), No QIB, Anchors in 115cr IPO was the major red flag since the begining, even today morning their operators put huge fake buy orders tricking retailers into hopes of UC. Today's posive listing fully seems managed.
Please be careful while taking fresh entry or thinking of holding for long term.
18 lakh orders on selling side no buyers. Multiple LCs are coming
185.1. Rajiv RR| Link| Bookmark|
July 23, 2024 11:08:10 AM
IPO Mentor (1100+ Posts, 300+ Likes)
Yeah...Without QIB's it was always a risky bet for short term gains Most of them were for listing gains..every1 wants to exit.. unless some p+ve comes out of the budget..it will go down..
My conviction went in right direction...its lc now and may continue for some days as it was ofs with no qib/anchor. Those who sold here are real winners.
182. SJ❤️| Link| Bookmark|
July 23, 2024 11:03:22 AM
IPO Mentor (800+ Posts, 200+ Likes)
Waah TUNWEL BETA kya Hi game kiya 😅
181. AMIT IND| Link| Bookmark|
July 23, 2024 10:44:47 AM
Top Contributor (600+ Posts, 100+ Likes)