@Sandy262, I see value in this stock and hence, holding my one lot.
Generally on the third day of listing volatility is expected as the people who bought on the listing day go for profit booking due to T+2 settlement. Don't worry, there isn't any -ve news on this stock.
Regarding hold or sell, it depends on your risk taking capacity. You are making a decent profit. If you don't want sleepless nights, go for profit booking. Else take some risk and hold it.
Only the last 30 minutes of today will tell us in which direction the prices will move as market operators will start playing decisively at that time. I am hoping for a UC.
No one is expert here. Everyone is trying to make an informed guess. Decide what suits you.
303.1. lokes| Link| Bookmark|
August 11, 2022 11:04:31 AM
IPO Guru (4400+ Posts, 5100+ Likes)
Slowly all selling got absorbed and now at uc...happy holding :) Congrats to all new buyers and who are holding it.
303.2. K.Atar| Link| Bookmark|
August 11, 2022 11:05:57 AM
IPO Guru (1000+ Posts, 700+ Likes)
Sir, This type of listing gave chance to a person like me who is looking for investment. I have gut feeling that it will not disappoint in future, rest is in the hands of God.. Happy Rakshabandhan to you and the whole family. Stay healthy, wealthy and blessed.. 🎉🎊
303.4. lokes| Link| Bookmark|
August 11, 2022 12:33:48 PM
IPO Guru (4400+ Posts, 5100+ Likes)
@K.Atar: Happy Rakshabandhan to you also. I am holding my 1 lot here. yes listing less than expectations always give good chances of new buy. We need to be ready with amount available in demat account :) Hope it will perform good in future and won't disappoint like some other good names like le merit etc....even skp is struggling and kn agri also not able to move much.
@lokes u mentioned about movement in kn around 10 days back...did u buy it at that time?
303.9. lokes| Link| Bookmark|
August 12, 2022 8:33:44 PM
IPO Guru (4400+ Posts, 5100+ Likes)
@takamichi: i didn't bought that time but i had bought before that already at 151 and now holding..i had previously also and sold that in the up run...its gaining strength slowly from 2 weeks.
@lokes ya i made a mistake of keep holding it up .... Should have sold it once when it was above 200 and was coming down..... Kn showed some movement today with over a lakh shares traded...... Hope it gives me good return for holding it for 6 month now.... 😅😅
If you buy (or sell) a security with a T+2 settlement on Monday, and we assume there are no holidays during the week, the settlement date will be Wednesday, not Tuesday. The 'T' or transaction date is counted as a separate day. So those buying on pre open will have it settled today..... Some brokers can have their own log book for settlement may be so they allow selling on T+2 day itself....but the share traded is not a settled one
299.1. Ravu| Link| Bookmark|
August 16, 2022 10:48:01 AM
IPO Mentor (700+ Posts, 400+ Likes)
Yes, Settlement holiday on today.
298. Takamichi| Link| Bookmark|
August 16, 2022 10:17:57 AM
IPO Mentor (800+ Posts, 700+ Likes)
Wonderful UC ..... Strongest till now....
297. Bhav| Link| Bookmark|
August 15, 2022 12:26:01 PM
Top Contributor (400+ Posts, 100+ Likes)
@ lokes/ @ avenue/ @ other experts
can you tell how T+2 works, as i have bought USA on thursday, now can i sell on Tuesday, as technically Trading + Friday + Tuesday, or i have to wait till 2nd day is over and sell on 3rd day.
You urself answered your question.... Can sell after t+2 Thursday+Friday+Tuesday.....so u can sell on Wednesday..... Though I have seen 1or 2 with icici account claiming they r able to sell on t+2 day itself.... But I haven't seen same on zerodha
297.2. Bhav| Link| Bookmark|
August 15, 2022 2:46:03 PM
Top Contributor (400+ Posts, 100+ Likes)
actually in prostocks you can put order on 2nd day itself but i am afraid as shares not credited than it might go in auction and than i have to pay extra
so still confused so T+2 means if i buy on let say 1st than sell on 4th not on 3rd. Am i correct?
293.1. sbipo| Link| Bookmark|
August 11, 2022 11:35:16 AM
Top Contributor (400+ Posts, 100+ Likes)
@Avenue, 😃😄😁,Ave,ICICIDIRECT is just like that,so this system risk always would be there,anyway don't worry man,from tomorrow it would become ok and 2day it's in upper circuit already,so relax and decide your action from tomorrow
Ha Ha Thankfully it has hit UC. But it is really major problem and I am surprised why this is continuing... I think all ICICI users can not even buy this stock yet as if I try to place buy order @ 146 it says price out of range and it is accepting buy order @ 126 (within range).
293.3. lokes| Link| Bookmark|
August 11, 2022 12:29:47 PM
IPO Guru (4400+ Posts, 5100+ Likes)
@avenue: its serious issue i think, due to this sometime you guys can stuck also. Better go to their branch if available then inform/explain. They should register some complaint and fix or send mail with snapshots/example to them and tell them to fix and on call also, tell to register some complaint, as orally i know many times you informed but nothing will happen until they implement/fix it.
@lokes.. yes it is serious issue. Initially I thought it to be one off case but now see a regular issue atleast with sme. ICICIcustomer care is pathetic and sending email is useless. I will follow this time...
293.5. sbipo| Link| Bookmark|
August 11, 2022 2:22:33 PM
Top Contributor (400+ Posts, 100+ Likes)
@lokes,@ave, Yet icicidirect.com hasn't fixed the problem,still their price range is 120+-5%(126-114) for transaction, pathetic service,Avenue what would be your next plan of action regarding this serious issue, I'm fearing to apply in veekayem and other incoming sme issues from icicidirect.com site
@Avenue. Are you still with ICICIDirect? I have already shifted my three accounts from ICICI Bank/ICICIDirect to Indusind Bank/Zerodha and enjoying high interest rate and quick trading. No issues with Zerodha. More interestingly, the Indusind Bank allows all my FDs as lien for applying for IPOs through ASBA. Since, I am senior citizen, I earn 7% p.a. for these FDs for the tenure of 2 years with interest credit quarterly. Moreover, the interest rate in Savings A/c is also higher at 4.5% pa for above Rs.10 lakhs. This was done by me after making elaborate discussion with our forum members only.
@Devbull.. I have been with icici since ages, earlier was not an active buyer/trader. But since last one year I have started and am facing few issues with icici. Most of my funds are in form of linked FDs so change is not straight forward. But if such problems continue I will have to. There brokage is also high, I sold ka and they charged 700-800 rs. as brokage.
Indusind provides 3 in 1 account with upstox... Where as idfc first bank provides 3 in 1 account with Zerodha...
Don't know about upstox user experience but zerodha is breeze... So light and fast to use (very minimalistic ui yet powerful)..
Being a most active trader using traditional broking accounts such as ICICI direct/HDFC sec/ sbi sec etc are waste of money.. I am sure once you use zerodha you will definitely like it.
@Avenue. No. That is not necessary also. The trading and Demat a/c (CDSL) are with Zerodha. I manage with UPI payments to Zerodha to avoid gateway charges. In case of IDFC First Bank, there is no charge for fund transfer to Zerodha. I agree with all the points mentioned by @aspirant.
@Devbull @aspirant... Thanks. I have a recent Zerodha account and agree their interface is simple and yet effective. But i have used it only to apply in IPO via upi 4-5 lac limit or trade in secondary.
Question, how do you apply as HNI with idfc/indusind ? Do you apply on bank site asba givng zerodha dmat details. Or you apply at zerodha site after having transferred funds to zerodha account. In 2-3 ipos i have applied via Zerodha, i could only find upi option which limits application amount to 4-5 lacs. And yes i have decided to part from icici. Convenience is there but problems and expense is too much.
@Avenue. HNI applications are made through Indusind ASBA using Zerodha Demat. No need of transfer of funds. One time registration for Zerodha Demat is required in Indusind ASBA page. We can apply for combined amount of both Savings + FD(s). We should keep sufficient amount for likely allotment in the Savings Account so that FD(s) need not be broken. @Ravu. I don’t have IDFC First Bank. I use Indusind Bank only as primary bank linked to Zerodha. Withdrawal made in the night say 8.30 pm is getting credited in my Indusind bank on the next day morning around 4 am to 5 am.
@Avenue Considering biggest advantages of FD Lien usage for IPO applications as mentioned by @Devbull, it is wise to go for Indus Ind Account and you can update same bank details in Zerodha (processing fee 25rs + 2rs gst approx) only if your;
- Focus is mainly on IPOs only to apply (Linked FD interest + IPO profits, if any gives better overall yield)
In case if you focus on IPOs + Active trading, and needed free fund always (not in FDs) then your choice should be IDFC First bank (Two reasons: Savings bank interest is 6% for over 10L fund + your Zerodha account can be simply added with IDFC bank to make it 3 in 1 account) - Indus Ind SB rates are far less than IDFC.
HNI Applications: ASBA method will work great (No need of fund transfer to Zerodha Demat)
Fund transfer method to Zerodha for Trading purpose: In addition to already known methods (Free UPI (but some limit applicable), Bank transfer from Zerodha platform (but chargeable 9rs + gst), there is another convenient and free method is NEFT / IMPS transfer to Zerodha virtual account numer, entire process is automized, once Zerodha virtual account recieves from your linked Bank account, it will reflect in your Zerodha Ac.
In case if you choose, IDFC + Zerodha integration, this fund movement activity will become further hassle free...., no need even physical manual transfers (auto transfers / lien in 3 in 1)......
In any case of your choice as mentioned by @Devbull (Indus Ind + Zerodha) or IDFC + Zerodha, you are surely going to gain more profit around 3~4% pa simply by doing nothing... more over you are paying too much brokerage to full scale broker...
Hence your benefits with migration are far higher than what you are currently getting convenience with full scale broker accounts.
Listing was below expectations.. it's good for who didn't alloted and want to buy in pre open.. Currently on UC.. seems like a good decision. Good luck 🤞
288.8. K.Atar| Link| Bookmark|
August 11, 2022 11:14:07 AM
IPO Guru (1000+ Posts, 700+ Likes)
Noorul Sir, If you have bought in GM and then added one more (not asking for reason or explanation), then it must have bright and shining future. May it bring us good fortune. Good luck to all allottees as well as those who bought today..
288.9. Imhilli| Link| Bookmark|
August 11, 2022 11:17:49 AM
IPO Guru (1200+ Posts, 700+ Likes)
@SBIPO it's t+2
288.10. Bhav| Link| Bookmark|
August 11, 2022 11:50:14 AM
Top Contributor (400+ Posts, 100+ Likes)
@k.Atar.. 140 was good price to enter in this counter... I m very positive on this script for few reason.. but still suggest you to set a stop loss of your purchasing price in case of any mis happening .
288.12. K.Atar| Link| Bookmark|
August 11, 2022 12:27:27 PM
IPO Guru (1000+ Posts, 700+ Likes)
288.14. lokes| Link| Bookmark|
August 11, 2022 8:10:20 PM
IPO Guru (4400+ Posts, 5100+ Likes)
@sbipo: you can sell it after 2 days, means on 17th since 15th is holiday.... @wishal: all sme ipos are under t2t category after listing for first 10 days of trading. For nse ipos, in name it will show as ST until in t2t category, after that it will change to SM. Congrats noorul and others for buying in preopen.
Hi Noorul... How it works?? seller transfer his allotted shares to your Demat through easiest or DIS slip off market transfer?? after you pay 28 thousand rupees... actually from long we always here gmp, s2 etc etc. but I dont know how exactly it will work in reality (just process, no need to share any agents).
Also organized broking companies like HDFC Sec, SBI Sec, IIFL etc. are not offering any support for this, is this only possible to conduct with a stand alone old school brokers (un-organized SEBI registered single person type brokers)????
Kindly throw some light on this... as completely new to this concept.
@aspirant.. There is no legal procedure for it .. it can b done through local broker of city .. with mutual understanding and yes trust is a important factor here since no legal agreement made. There is no need to bother about transfer of share... The broker will sale the lot from selling party ac and buy a lot for my ac (in preopen).. and than adjust amount will b settled in cash either given to taken from me.