Had 3 retail lots. Sold 2 in preopen, 1 at avg 570 after 10AM. Share was looking weak so decided to exit with whatever I can get. Market is also in correction mode.
683. lokes| Link| Bookmark|
December 12, 2022 10:40:08 AM
IPO Guru (4400+ Posts, 5100+ Likes)
Again a bad listing than expectations....sold my allotted 1 lot at 572.....
682. Chem cho| Link| Bookmark|
December 12, 2022 10:16:52 AM
IPO Guru (2600+ Posts, 2700+ Likes)
The equilibrium price is clearly IEP is clearly below the IPO price in pre-open and I'm at a loss to understand the sell orders in Open price ....what could be the rationale behind people queuing up to sell in loss?
680.2. cliqx| Link| Bookmark|
December 12, 2022 9:51:01 AM
(200+ Posts, 100+ Likes)
This is because, many people got allotted 2L worth shares in sHNI and bHNI and worried by looking at the current low market condition and poor listing... this increasing further selling pressure Just to minimize their losses.. New IPO rules.. spoiled the game all together.. I too allotted two retail lots, but not that much worried as the exposure is less... but even I would have been in queue for selling If I had been allotted 2L worth.. cant blame anyone here, because everyone has their own personnel requirements and priorities... High time to SEBI for rethinking on IPO allocation rules
True... the new rules have just messed up things. Now retail traders enter in the name of shni and bhni and obviously they are not in the position of holding and queue up to sell at any damn price.
I still don't understand the grey buyers who seem to be always in loss for most of the recent ipos as even the GMP are at par or listing is below the GMP.
680.4. PeterEngland| Link| Bookmark|
December 12, 2022 10:34:08 AM
Top Contributor (300+ Posts, 100+ Likes)
Totally agree @cliqx and @Allan, SEBI is always there to spoil the game by introducing arbitrary rule changes in the name of "Protecting" retail investors but fails again and again. QIBs and Operators adapt to take advantage of new situation and retailers always lose.
679. cliqx| Link| Bookmark|
December 12, 2022 10:33:47 AM
(200+ Posts, 100+ Likes)
Unnecessarily spending too much time to read Chittorgarh Uniparts page messages, I lost golden opportunity of grabbing some at below 545 levels :)
678. Chem cho| Link| Bookmark|
December 12, 2022 10:23:02 AM
IPO Guru (2600+ Posts, 2700+ Likes)
operators are making money at the cost of investors
678.1. cliqx| Link| Bookmark|
December 12, 2022 10:32:21 AM
(200+ Posts, 100+ Likes)
Absolutely correct.. even now QIBs also became too much smart, they are also waiting for perfect low levels to enter by expecting the obvious selling pressure due to new sebi ipo rules..
677. lucky boy| Link| Bookmark|
December 12, 2022 10:30:35 AM
IPO Mentor (1300+ Posts, 400+ Likes)
es wakt toah sadme main vo log honge jinhone linkintime time se setting lagake allotment liya tha,,,,,,
676. lucky boy| Link| Bookmark|
December 12, 2022 10:12:16 AM
IPO Mentor (1300+ Posts, 400+ Likes)
alloted more than 15+high subscriptions IPO, pahli baar discount wala ipo dekh raha hu apni zindagi ka.....