@Zindgi This IPO was lost in IPO rush so allotment was relatively easy. This could surprise on the positive side - good sector, though valuation is a concern. I will probably sell 2 lots and hold 1 as I cannot hold all 3 allotted lots. Good luck to all allottees and those looking to buy.
Having closely seen this company in market and known from its clients, it’s one of the strongest places SCF tech company with strong pipeline. Many of large banks have signed up for taking tech and its FY 24 revenues should be scaled.
Promotor holding would be less than 40% after IPO. If the company is so good, why are the promotors/investors selling their shares in OFS(equity is very precious for any startup founder and none parts with it easily by selling when future growth is seen)?? Promotor % less than 50 and still a SME, how would they raise future capital for growth without diluting further equity(debt??)?? Also a 46 cr SME with no anchors, QIB quota shows that institutions were not interested here(only 56000 shares bid under QIB and that too not by banks/mutual funds/FIIs). People applied here only looking at LM Shreni.
47.2. SSingh| Link| Bookmark|
June 30, 2023 9:16:11 PM
IPO Guru (1400+ Posts, 800+ Likes)
Sabka paisa refund ho gaya bhai. But jo hua accha hua. We have several better opportunities! 😀
47.3. lokes| Link| Bookmark|
June 30, 2023 10:36:47 PM
IPO Guru (4400+ Posts, 5100+ Likes)
@SSingh Very strange that no allotment in 6 retail applications with 1.6x subscriptions.....better luck next time for global pet....
47.4. SSingh| Link| Bookmark|
June 30, 2023 10:37:08 PM
IPO Guru (1400+ Posts, 800+ Likes)
Ji @lokes bhai. Looks like manual selection of PANs for the allotment. Anyways, jo hua acche hua. Wanted to add some listed SMEs. Monday ko thoda shopping ho jayegi. 😂
@SSingh Singh sahab listing pe kitne lot buy karoge?? Shopping kiski karne wale ho??
47.6. SSingh| Link| Bookmark|
July 1, 2023 3:45:05 PM
IPO Guru (1400+ Posts, 800+ Likes)
I wont buy on listing bhai. Shopping jiski karni hai, it’s way too much expensive now. Isliye openly nahii bata sakta hai. I am adding at every 20% upmove. Apna game alag hai bhai. 😂
47.7. Imhilli| Link| Bookmark|
July 2, 2023 11:04:37 PM
IPO Guru (1200+ Posts, 700+ Likes)
@SSingh sahab, might be fortune in disguise... don't feel bad.
47.8. SSingh| Link| Bookmark|
July 3, 2023 4:30:34 AM
IPO Guru (1400+ Posts, 800+ Likes)
@lmhilli Not feeling bad. But was shocked to see this. By theory of probability also, I should have got atleast 2 lots. Anyways, I have already moved ahead. Was looking for some more funds to deploy elsewhere and have got the same here. So all is set now. 😊
Allotted 3/3 retail. RHP has words like ´cloud´ and ´artificial intelligence´ at multiple places. Also, law of averages (after recent negative listings) is in favour of Veefin. All ingredients for blockbuster listing.
Please advise on Aatmaj hospital what to do ..hold or sell any rate. Innocent people fully trapped by lm, mm and greedy promoter..eagerly waiting for your prompt reply. Have you bought few lots here?
@SKalyan sorry missed your message. I bought today 13 lots, Company looks decent and having growth potential mid to long term, I don't know how the stock will behave in short term if flipper institutions are bought and still holding.
Thanks
45. Trueinfo| Link| Bookmark|
June 30, 2023 10:18:07 PM
IPO Guru (1900+ Posts, 1700+ Likes)
Friends things becoming scary on Sme ipo listing front cos with 30 - 40 times subscription and With GMP of rs 7-10 rs are listing in discount. May Sherni save this on listing day. Experts views ....please
40.1. sahab| Link| Bookmark|
June 30, 2023 3:52:03 PM
IPO Guru (1100+ Posts, 600+ Likes)
right
40.2. SSingh| Link| Bookmark|
June 30, 2023 7:06:34 PM
IPO Guru (1400+ Posts, 800+ Likes)
"Shreni" won't get this listed in discount because of: 1. It's INVESTOR-FRIENDLY reputation. 2. Less subscriptions so weak hands didn't participate in first place. So no need to panic. I see 5%-30% listing gain if not more! Relax and enjoy the weekend.
@SSingh Great Homework Sir. Thank You. I also did the same research before applying.
40.5. SSingh| Link| Bookmark|
June 30, 2023 9:17:32 PM
IPO Guru (1400+ Posts, 800+ Likes)
@AAA I never buy in preopen. Shreni accha hai. But itna bhi nahii. Listing ke baad most of the times, share price down hee jaata hai. Research acche se karo, to samjh aayega. 😀