Good u exited. Now 5% down. Poor listing. GMP also all false
707.4. SSingh| Link| Bookmark|
December 12, 2022 11:55:41 AM
IPO Guru (1400+ Posts, 800+ Likes)
Ek baar agar IPO ki listing neeche huyee to most of the times it has a lot of selling pressure which it won't absorb for a couple of MONTHS if not YEARS. So I always exit in preopen in negative listing. I don't have any positions here now. Those who are holding can hold until 3:25 PM. If it touches and cross the IPO price then hold else EXIT at CMP, this is what I would have done. Baaki aap sab gyani hain...
707.5. SSingh| Link| Bookmark|
December 12, 2022 11:56:50 AM
IPO Guru (1400+ Posts, 800+ Likes)
@ lucky boy You keep holding bro.. All the best ;)
The company seem to be reasonably priced. What happened in 3-4 days when there was huge demand upto 68 times by QIB's and 18 subscribe recommendations from the stock brokers that the share price is getting down rapidly. My view is the it will bounce back and atleast touch its issue price.
Buy orders are slowly improving. I think it'll end between 550-560 today. Will rise in the upcoming days and give a 5-10% profit like Kaynes and Archean.
699. cliqx| Link| Bookmark|
December 12, 2022 11:18:20 AM
(200+ Posts, 100+ Likes)
Now this situation surely affects the Subscription figures of Sula wines badly, the only IPO looks something better positioned to apply among three main board until now..