1st time allotted in HNI category. But GMP is falling day by day.
608.1. CoolAsh| Link| Bookmark|
December 9, 2022 11:18:44 PM
Top Contributor (500+ Posts, 100+ Likes)
I think with a P/E of around 12.89 on the post issue equity, this is a fair long term bet. One should look at a medium term 6-12 months at least for this
608.2. arvindarvind| Link| Bookmark|
December 10, 2022 5:53:48 AM
Top Contributor (900+ Posts, 200+ Likes)
If it will not give profit around 10% then retailer will be more cautious from next ipo. Full subscribe will be very hard job for company.
607. Trueinfo| Link| Bookmark|
December 8, 2022 11:30:33 AM
IPO Guru (1800+ Posts, 1700+ Likes)
Most of the Main board IPOs see huge selling pressure on listing day after the HNI rule allotment of min 14 lots to successful applicants. Majority of them rush to sell on listing day, either in preopen or immediately after listing.That affects listing gains. It happened with almost all recent listings. But good ones have upswings later on, like Bikaji, Global, Archeon, Kaynes etc.
Exactly Also, a good proportion in Retal, SHNI and reasonable proportion in BHNI are for listing gain, which increases selling pressure. Having said that everyone has their own strategy and are right in their perspective.
The only thing is the upward journey in this market, most of the time, is tedious and require patience.
607.3. Trueinfo| Link| Bookmark|
December 8, 2022 12:34:46 PM
IPO Guru (1800+ Posts, 1700+ Likes)
Now today, Dharmaj also had lukewarm listing compared to GMP. This trend makes low GMP ones risky.
607.4. arunARUN| Link| Bookmark|
December 8, 2022 4:50:27 PM
IPO Guru (1900+ Posts, 1600+ Likes)
It is too small a market cap (less than 1000 crores) so QIB interest is not there once anchor sell down their share.
I agree with @AAvi that every one has their own strategy and one shoe size does not fit all
607.5. lokes| Link| Bookmark|
December 9, 2022 9:39:35 AM
IPO Guru (4400+ Posts, 5100+ Likes)
@trueinfo: yes we discussed this on kaynes page also....dharmaj is also continuously going down initially after listing due to good selling pressure.... i will give my feedback to SEBI for sure via some means like scores app etc and request others also to do same for changing minimum allottment to 1 lot in hni so that more people can be allotted and more distributed shares so less selling....pasting here also my message from kaynes page....
New rule is good but main point new rule is that if they would be giving only 1 lot minimum instead of 14 lots in shni then so many people will be able to get allotment. Now with this rule, its anyways still big competition in good ipos as they usually go around 50-60X in shni, but with 1 lot minimum allotment then it will be more fair and more distributed to multiple people and then each one thinking is different, all will not be selling on listing and people can hold 1 lot easily even if its going down after listing, now since single person get 14 lots so definitely most of the people are not able to hold such big amount else it will keep reducing cash money also if people keep holding many ipo 14 lots, so selling increases....but with 1 lot, many can get allotments and easy to hold multiple ipos....
@ lokes sir Agree with you but it may result in following: With 1 lot in HNI, no one will be going for higher lots unless they revert back to old system of proportionate allotment. So with present system they may not go for this arrangement. The best solution could be 2 lots for SHNI and 4 lots for BHNI.
Allotment should be as following in oversubscribed IPO Retail - max 1 lot SHNI - Max 3 lot BHNI - Max 14 lot This will do justice to the amount one uses for application. Bigger the application more the lots. 1 lot for SHNI will loose charm and user will start applying in retail instead of SHNI
607.10. jay here| Link| Bookmark|
December 9, 2022 11:18:02 AM
IPO Mentor (700+ Posts, 500+ Likes)
@lokes with respect I would like to differ from your opinion on shni should be allotted 1 lot only.if one lot is allotted what would be difference between retail and shni?it will lose charm as people have to block 200k for 15k allotment. When people sell the stock price gets down,it is meta of stock market we cant blame neither anyone who sells their holdings nor allotement rules/system.It is one's own choice to hold or sell.some may want to create portfolio whereas others may apply for listing gains. I dont undertand Why do most of people call sellers as 'weakhands'.it is one's own choice to book or hold.Quantity sizee does not encourage people to book or hold rather it is the perception of applicants why they apply for. Opinions may vary.Thanks.
607.11. lokes| Link| Bookmark|
December 9, 2022 5:40:32 PM
IPO Guru (4400+ Posts, 5100+ Likes)
@AAvi : ya with 1 lot allotment in hni, no one would be applying higher lot but now also its same case, everyone applying minimum amount only in shni and bhni, if someone applying more amount then also its lottery. And if subscriptions are lesser, then in bhni/shni whoever applying for more they will get more lots as per proportionate allotment after everyone getting 1 lot so it provides fair allotment... @jay here : ya we can have our own opinion....but would like to reply for some of your points: >>>if one lot is allotted what would be difference between retail and shni? -> difference will be that by putting 2 lakh application chances of getting 1 lot will be more, like in dharmaj as per current subscriptions, retail would be 1/20 chance and shni would be 1/3.5 chances....more people in shni will get allotments and will not feel unlucky like in retail or in shni currently... >>>it will lose charm as people have to block 200k for 15k allotment. -> no, previously people used to even block 40 lakh to 1 crore in hni in good mainboard ipos for 1 lot allotment if you were aware....
And its not about weakhands or own choice to hold or sell, its general human tendency that with 1 lot allotment people can hold for sometime during downside also to keep for long term but with 14 lots allotment, its not easy to keep holding allotments as money will also be blocked and risk would keep increasing so mostly people goes for selling or partial selling.....and most shni allottees were retailers category only before...
607.12. sahab| Link| Bookmark|
December 9, 2022 6:25:29 PM
IPO Guru (1000+ Posts, 500+ Likes)
I also write to sebi mail id Copy paste to lokes massage. I think lokes is right. Well done lokes
sebi ko email karne se aacha hai ki ANIL SINGHAVAI tak ye baat pahucha do,anil singhavi ki baat koi bhi tahi taklta,,, bade bade company wale sunte hain anil singhavi ko toah sebi bhi maan jayegi 14 hni lots dene ki bajay sirf 1 lot diya jaaye fir selling pressure nahi aayega..
@Nobody says, not yet unblocked. I'll mention if it gets unblocked. UPI Mandate end date is 17th Dec. I think we will have to wait till that date. @Shy maybe after UPI Mandate end date your lien got removed I think.
IPO good listing gain time over now so now a days its traping instument by players after listing its go down retailer are trap by buying open market and retailer money blocked
0/3 retail. Applied from 3 different individuals' accounts. Something fishy given retail is only 4-5x subscribed.
600.3. Shy| Link| Bookmark|
December 8, 2022 11:08:09 AM
Top Contributor (500+ Posts, 200+ Likes)
@ Neotrader, not defending linkintime but I got 2/5, and many in this forum has even better luck as per their allotment result. so I don't agree with u in this. earlier even I was skeptical.
598. SSingh| Link| Bookmark|
December 9, 2022 10:04:38 AM
IPO Guru (1400+ Posts, 800+ Likes)
NASDAQ was up last night and now NIFTY IT is bleeding. What's wrong!!! Allotment Aaye to bech ke jo mile profit book karo. Very unpredictable markets! Jo mile so apna nahii to sirf sapna.. Better opportunity to invest the profits of IPOs in blue chip IT like Infy and TCS. Long run me safe and profitable bets!!!
There's nothing unusual about it. Credit Suisse and their clients has FOMO and want to buy. So they in cahoots with a popular business news channel portended of a downfall. Smart people would grab this opportunity and buy. China has opened, Peak or the interest rate cycle has been reached. It's certainly not the time to sell.
In SHNI and BHNI Categories, Allotment should be on proportionate basis subject to minimum 2 lots and 5 lots respectively. Let experts discuss and arrive at a consensus and take up with SEBI.
Do not worry at all! Discount listing almost impossible. Financials showing good growth. face value is ₹10 (doesn't matter much but phir bhi) & lastly just look at the broker’s recommendations 🔥
Dear experts need clarification and advice: I have two accounts and amount for two retail applications It is better to apply two separate retail applications or one shni application for better allotment chances. How allotment will be done in retail and shni Thank you
591.1. SSingh| Link| Bookmark|
December 9, 2022 6:42:12 AM
IPO Guru (1400+ Posts, 800+ Likes)
You have money for 2 retail apps means ₹30,000. So go ahead with mainline IPO, Landmark Cars with 2 retail apps with 2 different person accounts. You can’t apply SHNi as it needs approx 2.15L for SHNi.
Considering the uncomplicated, no-nonsense business model, unutilized capacity, zero dilution (just transfer of ownership) and massive QIB interest, Uniparts should easily trade at 20+ P/E, if not more.