@Rohan Bajaj Everyone knows Vedant is a not a fundamentally strong company, even DD sir reviews - AVOID. It is clear cut manipulation by operators to trap innocent investors like us. Just sell it as soon as possible. I don't understand why you got trapped at such a high price.
@Rohan Bajaj - by the way you can only sell after T+2 , wait for five /SIX trading sessions, you might see some UC. Take the sell call based on your risk assessment.
@ Rohan Bajaj, If you are not in urgent need of funds, be patient and hold. This seems like a decent company in an interesting line of business with no apparent peers for comparison. Zero debt and lead manager Hem (excellent track record) are other positives
Total lots Available : 236. 153 lots have been traded ( Move from allottee to new Investor ) . Remaining 83 lots only there to be trade further in next few days and Continue with UC.
@MRavichandran - All the best for your investment. your name will appear in Bulk deals list then ? Even when you mentioned in past as many lots you have bought, we did not find your name in the list? I am curious to know if you have any strategy / Magic.
It has to be a big HNI like M Ravi or Anant who can do that. I saw the super duper ultra strong UC at close... There is strong demand for this stock... Which was unexpected... I applied main funds in Frog and left this only for retail... Seems to be a mistake now.
@dhanapal, Thanks for your wishes (though this is the first time you are interacting with me).
You used in your message 'we' (did not find your name in the list) - who are all those ? Could you please tell me that first, then I will tell you the magic how to make my name disappearing from Bulk deal list.
@dhanapal You are a new member here Earlier too someone questioned his ipo application size, then he posted his application for doubters to become quiet. He does not need to show his magic to anyone here. Most senior members take his words on face value. So better give him respect!
@Danapal. I will give you a clue. If you had checked the bulk deals on all the stocks which Ravi sir has told that he had bought in listing, there is a common name appearing in deals. From that u can know the actual share holder name.
@M_Ravi You have provided proof once earlier... When u were not allotted in some defense IPO due to you being an HNI... U certainly didn't need to do so now... I know the exact "trick" u use to prevent your name from coming. I'm loving the questions the "NEW" members are posing today 😂
Dhanapal Ji... I have a friend who has a big house, drives a Mercedes.... But everything is in the name of his better half.... So he uses some TRICK whenever he tells people it's his house and his car but his name MAGICALLY DISAPPEARS.
Please tally the quantity that M Ravi has posted with a name of a gracious South Indian lady in the Bulk Deals today.
Great 👍 buy Sir. Wishingmore success ahead.....I missed this train today.
67.14. K.Atar| Link| Bookmark|
October 12, 2022 8:53:42 PM
IPO Guru (1000+ Posts, 700+ Likes)
@new member Dhanpal or whatever,, First you should read previous posts of that senior before making any comments against him , Ravi Sir is a very straightforward and candid person. He doesn't have time to lie. You are joining fresh and asking direct question ❓
Hello MRavichandran, Thanks for your reply. It is my usual stuff to address as "we" due to the mail tragic in my Job.. By the way , I am beginner in SME market, I used to follow all your messages.
Thank you all for your suggestions and Mr. MRavichandran ji specially for your time and details. Your reply gives lot of confidence for everyone to trade in SME( goldmine like KGF). I really admire the calls of Mr.MRavichandran ( master mind )..
Once again thanks for your time and details. Wish you all the success. I will continue to follow and learn from the wonderful Group.
@Rohan Bajaj, If you see my first message, I have mentioned clearly for long term purposes. I don’t bother short term dips when I invest.
My investment rationale in this company firstly Hem, secondly small company which has businesses like AMC, banking/ financial services, new initiative like mATM etc. possible to grow multifold over the years. I agree also that there is a high risk involved, possible erosion of investment. personally I have confidence, hence invested here.
It’s up to your risk taking abilities to decide your investment decisions or seek investment expert advise
Disclosure: my opinion could be biased as I have vested interest here. My investment decisions only few were right and this could be one of the few 🤞
@MRavi, I believe many of your investment decision looks right. I sold the Eighty Jewelers after waiting for so long and sold when it bounced back , I could have kept for some more time.
Allotted one lot after a long time. @mravi, @noorul @lokes Do you have any update on vedant listing tomorrow? I came to know the listing is being preponed for tomorrow, but no confirmation here on CG. Is it being done due to weak market sentiments due to recent correction and what effect it will have on its listing?
65.1. K.Atar| Link| Bookmark|
October 11, 2022 9:56:29 PM
IPO Guru (1000+ Posts, 700+ Likes)
Though I am not the guru or expert but as the financials here are not that strong only hem name is there but it's good till listing day as we saw in listing of Llyod Luxuries.... Got closed in LC,.....since the asking price is high and there is too much competition in amc business and market conditions are not strong. Better to book profit here if getting anything around 52-56 rs in these choppy Market conditions. Good Luck..
Yes listing is preponed and I had applied here and have been allotted one lot ..but will look for profit booking on listing.. as I had bitter experience with asset management companies in past.. Although issue is from Hem.. but financial always have a upper hand.. we had already witness what happened to Lloyds Luxurious. It's PE ratio is also on higher side.. and financial are not much impressive.
@Akhil I am also not an expert as K.atar. and other esteemed members you asked for...in general AMC companies doesn't do great in long run and this one is good till listing...recent example, Sabar, listed at 21 and UC to 22, now languishing at 16...I know it is not an apple to apple comparison, but both are almost equal size...
If I'm in your shoes, I will book profits, it if lists around 60 as market is very volatile due to recession fears and Credit Susse filing for bankruptcy...
These are my views, you take your decision based on your risk appetite....Best of luck....
@K.Atar DD sir "Apply" + HEM is a deadly combination. But, at times it also go off track e.g. Tara Chand Logistics. Though, here DD sir gave avoid and subscription appears to be due to small issue size and HEM. But, as rightly said where profit is in few lakhs how it will give handsome results in near future and rhat to AMC. But anything is possible......
@akhil No idea of the listing as I was not allotted.... but do keep in mind that in the current climate.... SME ipos should be flipped on listing... Unless its a super strong one like insolation or concord... Those too you should keep a stop loss for... I have a relative in HK who is working in Calypso and he has friends in the banking industry there... There have been numerous CVS floated and resignations by Credit Suisse ppl there.... High level honchos... Where there is smoke... There is fire.... I shall try and post the screenshots of the news in the next post... But my suggestion to everyone is... Profit is booked ONLY WHEN u sell.... Any profit on paper is Just Moh Maaya.... A friend of mine had FOMO as he couldn't buy Insolation in pre open... Ended up buying Lloyd and is now cursing his luck... Its not luck... He made a mistake... The sensible person was the one who SOLD in preopen to him. SMEs are also risky that it's easy to get trapped in
Markets are dicey and are looking for a reason to correct big time.... Not only IPOs... Be careful in the secondary market too... Just my 2 cents to all friends here.
Attached the screenshot of 1 such article... You will see several such articles if u search on the Web.
Be careful everyone...🙏
Even if such a news may not affect India, it will be used as an excuse to rock our markets.
65.7. lokes| Link| Bookmark|
October 12, 2022 1:49:33 AM
IPO Guru (4400+ Posts, 5100+ Likes)
Same thoughts as K.Atar and noorul. I didn't applied here. it may list around 52 to 55 as per good subscriptions but i am not convinced here for medium to long term. Rest anything can happen in sme's as per operator wish.
65.8. Trueinfo| Link| Bookmark|
October 12, 2022 8:25:09 AM
IPO Guru (1900+ Posts, 1700+ Likes)
Should list around 60 with good possibility of UC.
How are you doing guys? I don't come on the forum much nowadays. @lokes : You are absolutely correct about operator being able to do whatever he wishes. Today he was present in Swastik in full force, dumped shares at low prices and must have cornered them back and some more. Maybe because of this attention being focussed on Swastik, Vedant had an above expectation listing :D ..... Good profit to be made for allottees.
65.11. lokes| Link| Bookmark|
October 13, 2022 12:35:26 AM
IPO Guru (4400+ Posts, 5100+ Likes)
@M.K : i am good but just too much busy in work from last 2 months around....hope you are also busy in work so not much active.... I don't get much time during day time to come here but i try to read all messages on all forums atleast in night or any other day..... yes in these sme's anything can happen, too much unpredictable, still i feel a lot can be understand/learned from past experiences and careful observations here and lot of opportunity to earn in sme's even if we are not allotted, only thing is it needs good time to give during listings and in tracking and to be ready to act at right moment in buy/sell both.....i am just lacking in giving time now :)
65.12. K.Atar| Link| Bookmark|
October 15, 2022 10:29:27 PM
IPO Guru (1000+ Posts, 700+ Likes)
Hello MK Sorry for late reply.. things are well.. hope you are fine too.. being a bit busy .. hope I will visit Mumbai very soon and would like to meet (if possible and okay with you) Thanks
@admin.. Vedant Asset listing has been preponded for 12th October 2022. Please update the listing date so that members are made aware of this preponded listing.
@Avenue, Thanks, very timely and informative. Listing getting preponed is like a googly for retail investors. I wonder if it is deliberate so that only a select few can exit and book profit.
@Silentlion Bro do u know when naukri ipo came from then i am applying for continously in good ipos and not getting it. sometimes 3 to 5 application in shni still not getting it.