It's just difficult for me to understand the reviews like "can subscribe for medium to long-term" by so called experts. In 2023, not a single main board IPO is listed in discount, irrespective of its valuations. So I am wondering even these experts with years and years of experience cant' predict about listing or it's just the sheer power of QIB/Operators to manage the listing price at their will or is it just a strategy to keep retailers away from being benefiting the listing gains.
On a lighter note, looking so far in 2023, I think shall we go for each and every IPO (playing gamble) irrespective of these so called fundamentals, until we witness the discount listing of any IPO :)?
The thing is if you apply every ipo you will stumble upon one ipo where all your money will be alloted and that will list in discount and make all profit zero or on loss at end. Fundamentals need to be evaluated while gmp is not just one thing.
45.1. aRYANrAJ| Link| Bookmark|
September 27, 2023 2:15:51 PM
Top Contributor (600+ Posts, 100+ Likes)
Even if someone is NRI he or she can have income in India like rent income or interest income. For this purpose NRO account is opened. You can open NRO account but you have to show income from India if ever asked. You can't enroute any USD or Euro to Indian account and invest. That will be treated as illegal and NRE accounts are made for such purpose.
1. Normal Demat + Residence Savings account 2. NRO Demat + NRO Bank account 3. NRI Demat + NRI (PIS) Bank account
My case its a mix of 1 + 2 (Normal Demat with NRO Bank account) and its minor too.
Any guidance from your side ?
45.4. Earthking| Link| Bookmark|
September 27, 2023 9:25:25 PM
IPO Guru (1300+ Posts, 500+ Likes)
Dear FPS sir... I am no expert in this sir...
I suggest you to contact your CA about legal issues for the same... Even if he doesn't know , I guess, he may find the right contact to answer your query...
As you have opened normal demat account you must have shown your status as Resident of India in the demat account. Then how you can link your NRO account with this demat account. That shows you have given wrong information while opening normal demat account. This is illegal not permissible.
45.6. Anil Mwt| Link| Bookmark|
September 28, 2023 12:45:06 AM
Top Contributor (400+ Posts, 100+ Likes)
i think you can open normal demat account, it will be linked with ur NRO & NRE account, but you can’t apply for ipo’s, but you can buy the shares in secondary market and i think taxes will me more for NRI
3 of the above funds are managed as seen in past in Global Surfaces and SAH polymers Maybe Dummy( Zombie ) funds
And Negen Undiscovered is a Mumbai based fund which has been anchor in past 2 SME IPO which are performing extremely well
3 rd anchor Astorne capital ( Also known as Arven capital ) is funded by Relay investments from US which is also an associate firm to Maven India , Saint Capital and Leading Light Fund VCC
Matlab samajh jao
Pura anchor list Managed he
But still company is good But Only For listing gains At Prima Facie long term doesn't seem good here
44.1. SONMAYA| Link| Bookmark|
September 27, 2023 8:08:00 PM
IPO Guru (1300+ Posts, 500+ Likes)
Thanks Newgen Sirji ,for clear cut in deep analysis and advice....BTW Once again Reminding that.... EMS....YOUR ADVICE WAS JUST SUPERB...SORRY TO QUESTION YOU ABOUT EMS.... PLEASE KEEP IT UP SIRJI...GOD BLESS YOU🙏 ..
Only settlement holiday, Market will open as usual.
40.2. k l patel| Link| Bookmark|
September 28, 2023 5:10:31 PM
IPO Mentor (600+ Posts, 200+ Likes)
i think they knew that response will be low, so they kept long duration
40.3. dpcdsl| Link| Bookmark|
September 28, 2023 6:10:43 PM
Top Contributor (400+ Posts, 200+ Likes)
Subscription is open only for 3 days, 27th, 28th Sept. and 3rd Oct. Since there is bank holidays or no customer service on 29th, 30th Sept., 1st and 2nd Oct., no subscription possible, as such IPO is open only for 3 days. Clear?
Well sold IOLCP since I really got tired on sitting on a sideways to downward moving stock and the moment I exit suddenly Paracetamol is scarce and prices move up... Really difficult to see where these things go so for these reasons I am Barbara on this issue
39.1. UjwalG| Link| Bookmark|
September 27, 2023 11:51:16 AM
IPO Guru (1300+ Posts, 600+ Likes)
Paracetamol prices have shoot up due to wave of viral infections going on, atleast true in Maharashtra. Just my observations. It will surely reflect in next quarter results
Paracetamol API Prices have gone down 2.5-3 times post Covid era. It has not yet gained much. Just 10-15% increase / recovery currently after going down badly till date. But yes this company is good in Paracetamol Bulk Drug market. Speaking on personal experience. Earlier it was under the name of Bharat Chemicals. Valiant joined hands with Bharat Chemicals some 2-2.5 years back.
as per RHP Investment in VASPL for funding its working capital requirements of VASPL The Proposed Facility is expected to commence commercial operations in the last quarter of Fiscal 2024. In order to support the proposed speciality chemicals industry (ketene and diketene derivatives products), VASPL would require funding for its working capital requirements in the Fiscals 2024 and 2025.
Peer Laxmi Organics
37. Mr. Singh| Link| Bookmark|
September 27, 2023 1:01:51 AM
IPO Guru (1000+ Posts, 600+ Likes)
Iska bhi Vaibhav Jewellers jaisa haal hoga. QIB not interested, no GMP, confusion and risky.
36.4. MuStrFc| Link| Bookmark|
September 27, 2023 4:00:06 PM
IPO Guru (3000+ Posts, 2400+ Likes)
@newgen consultancy was subscription in Manoj Vaibhav intentionally kept low considering allotment is a day after the issue ends, merely just a speculation, or maybe something cooked under the eyes? Btw thanks for the stock picks shared by you recently.