United Cotfab Limited IPO Message Board (Page 1)

Finally UC UC UC !!!!!!!

I think LM is supporting to restrict the lowest price at 72. Once that support is over, it may go below issue price. What I am unable to understand here is the role of flippers in this as some of these flippers e.g. Cinco, have booked loss yesterday.
Not able to decide whether to stick or exit...

This is behaving different than usual sme stocks .... daily volumes are coming somehow.... constant support by someone( may be beeline) dont know how long its gonna be there... not moving fast on either direction ... I am holding the lot I bought in preopen ... may be a recipe for disaster or a new learning ... can't rule out both sides 🤷... take ur decision accordingly...

​@MuStrFc @colcol @Earthking 
Will take exit position tomorrow morning probably at min. 72 as no upside is visible in short term (hope LM support is there till then).

Today's bulk deals

26/06/2024      544195      COTFAB      NAV CAPITAL VCC - NAV CAPITAL EMERGING STAR FUND      B      400,000      73.00
26/06/2024      544195      COTFAB      MULTIPLIER SHARE & STOCK ADVISORS PRIVATE LIMITED      S      134,000      72.00
26/06/2024      544195      COTFAB      CINCO STOCK VISION LLP      S      150,000      72.90
26/06/2024      544195      COTFAB      VPK GLOBAL VENTURES FUND - SCHEME 1      B      98,000      72.00
26/06/2024      544195      COTFAB      GREEN PEAKS ENTERPRISES LLP      B      16,000      72.78
26/06/2024      544195      COTFAB      RIDDHI PARESHKUMAR SHAH      B      152,000      72.00
26/06/2024      544195      COTFAB      GREEN PEAKS ENTERPRISES LLP      S      148,000      73.01

P.S- Cinco booked loss but NAV bought more fresh, also dont have much info about Riddhi Pareshkumar Shah

Aaj koi deal huyi?

I strongly believe this will go up unlike Piotex. In case of Piotex, traded volume was very very low the day after listing day, but here it was more on the second day. As soon as it touched LC, I saw a buy order for 5 lac around 9.40 AM

25 Jun 2024       NAV CAPITAL VCC - NAV CAPITAL EMERGING STAR FUND       B       218000       74.82
25 Jun 2024       GALAXY NOBLE GLOBAL OPPORTUNITIES FUND PCC - GNGOF 1       S       208000       78.64
25 Jun 2024       CINCO STOCK VISION LLP       B       200000       82.68
25 Jun 2024       GREEN PEAKS ENTERPRISES LLP       B       148000       81.45
25 Jun 2024       MULTIPLIER SHARE & STOCK ADVISORS PRIVATE LIMITED       B       134000       74.94
25 Jun 2024       TOPGAIN FINANCE PRIVATE LIMITED       S       130000       82.68
25 Jun 2024       GREEN PEAKS ENTERPRISES LLP       S       42000       82.68
25 Jun 2024       MULTIPLIER SHARE & STOCK ADVISORS PRIVATE LIMITED       S       40000       82.68
24 Jun 2024       GALAXY NOBLE GLOBAL OPPORTUNITIES FUND PCC - GNGOF 1       B       266000       75.00
24 Jun 2024       TOPGAIN FINANCE PRIVATE LIMITED       B       130000       75.00
24 Jun 2024       GOWTHAMANABILASH       B       100000       75.00

So Topgain flipper exited completely , but some new flippers entered like Multiplier and Green Peaks ...
Interestingly Galaxy Noble fund , which i thought was a long term fund exited close to 80% of its buying on day two itself ...
Not sure about NAV capital Emerging Star fund and Cinco Stock vision... Not sure how this gonna behave in coming days ...

​@colcol NAV bought 4 Lakh shares more today, any thoughts?

​@MOTYAAR They are unlikely to flip soon, so, to that extent, it is a positive, but they are not a Warren Buffett, Rakesh Jhunjhunwalla kind of investor that will draw in a herd of investors behind them. At the end of the day, the number of shares bought has to be equal to the number of shares sold. So, unless the buyer/seller has signalling power, i dont think bulk buys/sells themselves are bullish or bearish signals.

I cannot predict if the stock will go higher or lower, but if it goes lower or stagnates , the risk is that investors will move on and volumes will dry up and those who want to exit later will have to pay wider bid -offers to get out. Just compare the liquidity and trading volumes of United Cotfab with Piotex, which is recent IPO as well.

All of these bulk deals and the reliance on them can backfire, more so when there is no base beneath (company, sector and its growth. That being said the company, its prospects would align with the price when it starts get going and even if price moves down recovery will be quick, just like in Aspire recently.

Peculiar is apart from flippers who do both buy and sell in bulk, the non-flippers do not go the same route and can exit in tranches, without any retail knowing of their exit. Part of the "name lending process". Recently in Piotex.

These so-called funds are also not long term as these are the same names that appear as Anchors in SMEs and exit after lock-in is over. So when entering via market route that lock-in period part of the equation is not there which does not support the price.

Still it can rally from here, after the exchange of hands but continuity of UC will add to the case. Recently like in Ztech.

Beeline LM is only coming in to support near to issue price if it slides down there and do not expect much from them apart from this.

I'm new to SME shares can you explain the term "exchange of hands" and how does it benefit or harm the share price

Something unusual going on here, 2nd days volume has crossed listing day.
Also - few orders or large quantity were at LC, indicating a possibility of exchange of hands.
@rohiitian - I remember you mentioning something similar in Aspire ?
Was there same action or something different ?

Listing day volume was crossed today, what do you think that implies, more dumping to come??

​@GrayIsTheNewBlack @rohiitian Ji a lot bulk deal( buy and sell) happened today itself

Strong UC in morning and someone dumped big😳!

Not getting a positive feeling here!
I hate flippers playing im stock!

Yes sir i too not getting good feeling ... Tomorrow may be decider ... if it goes below issue price , then more selling comes ...

This is my first SME allotment and still holding , don't have much information about cotton industry and today it locked into LC, I was checking Piotex also and that share is continuously going down, few people are anticipating that UNITED COTFAB might be another Piotex in making, any thoughts regarding hold or sell, or anyone who's in it for long term care to share their thoughts please?

Uc to lc khel khatam

Got Cotfab at UC!
Screen was looking strong!
👍

​@V K D If your question.was directed at me, I am not following that stock. Sorry.

​@SaurabhJogi Kya kare sir abhi

Block Deals
544195
Company : COTFAB ( 544195 )
Period :24-Jun-2024 to 24-Jun-2024
Deal Date      Client Name      Deal
Type      Quantity      Price
24/06/24      GALAXY NOBLE GLOBAL OPPORTUNITIES FUND PCC - GNGOF 1      P      266000      75.00
24/06/24      TOPGAIN FINANCE PRIVATE LIMITED      P      130000      75.00
24/06/24      GOWTHAMANABILASH      P      100000      75.00

GALAXY NOBLE GLOBAL OPPORTUNITIES FUND has been the anchor is quite a good companies.
Good to those who bought.. might just show steller run

Another Piotex in the making ?

I suspect it on similar lines, might give a run up for some time, but the way its turning out from start : Same LM+MM, subdued listing, good bulk names on 1st day to lure, then drifting lower. @colcol

​@MuStrFc I exited Cotfab when UC opened. Seems like a similar playbook to Piotex and I don't have any insights into when operators might try to take it up again. All the best to those still holding.

Not moving from 75

Kept at 75 by big traderr and grabbed. Now, UC game will there for 10 days

Ye to KHELA HOBE kar diya😅😅😜
I am holding my allotment

Listing on numerous support it seems, struggling to break past 75.

​@MuStrFc 
Should sell or hold ?

Can exit on UC after pre-open. @Kukreja IPO

Sold in pre-open @75, listing below expectation.

Sold one out of 3 lot in preopen..now heading for upper circuit..

sold being below GMP

United Cotfab Ltd BSE SME IPO.
BSE Code:-544195                  
Symbol:-COTFAB
Group:-MT
ISIN:-INE0S0I01011
Issue Price:-70/-
Market Lot:-2000 Shares
Face Value:-10/-
Listing At:-BSE SME

United coatfab @70 today listing
What to do?
Sell in prelisting?
Rate?
Please guide

Latest gmp kya hai?? Kal kya kare bhai o

​@Udayk 
GMP : 13 (18.6%)