...Today it is showing strength rather ....touched 19.40 ....
393. CSK| Link| Bookmark|
July 21, 2020 1:58:58 PM
Top Contributor (300+ Posts, 500 Likes)
Retail Subscribed around 2416 Cr and 65 CR value shared subscribed by Employees. Total Rs.2481 value shares available in 27th. Most of the People Subscribed due to Avg the existing share, SO it is not like other IPO selling for a quick buck on listing day. And now People aware it will reach around 25 soon, I believe they won't sell soon for a penny.
Strong SUpport if 15. I subscribed around 25k shares I will buy more if it falls below 15.
Who sold at higher level and thinking to buy at offer price . as per price is not falling down as per their expectation . So they only buying back now .
386. Aniketiaf| Link| Bookmark|
July 20, 2020 4:10:09 PM
IPO Guru (1800+ Posts, 10200+ Likes)
SBI Cards has posted a good result for a tough quarter. Profit growth was boosted by lower tax but again it's a better than expected. I will hold.
Look at reduction in operating and other expense QnQ and YnY. How? and also employee costs reduction. Hard to digest. Even Karnataka Bank reported increase in profits by reporting lot of reduction in employee cost. Tax is not only reason for profit. It seems ppl just want to talk stock prices up!
Suspicious
386.2. rsk| Link| Bookmark|
July 21, 2020 8:18:02 AM
IPO Mentor (600+ Posts, 300+ Likes)
If banks are making hefty profits (due to whatever reasons) and given what happened in AGR case:
It may well be given that banks may have to forgo int on int during moratorium May also require to charge interest at cost and not the usual rates for the moratorium period.
386.3. Aniketiaf| Link| Bookmark|
July 21, 2020 9:40:50 AM
IPO Guru (1800+ Posts, 10200+ Likes)
Btw, SBI card crossed 790.
386.4. rsk| Link| Bookmark|
July 21, 2020 10:03:17 AM
IPO Mentor (600+ Posts, 300+ Likes)
Does not change/diminish accounting gimmicks as said.
Price, Ofcourse ppl have to pass the parcel to some one else!
i think , it will list at 27 or 28 I will not give any chance to jump in for short sellers. Because yes bank needs to go up because all big QIB money is already on risk. so how they can make it worse.. they will make it better and better for buying.
i think , it will list at 27 or 28 It will not give any chance to jump in for short sellers. Because yes bank needs to go up because all big QIB money is already on risk. so how they can make it worse.. they will make it better and better for buying.
385.5. Black Swan| Link| Bookmark|
July 20, 2020 12:40:47 PM
Top Contributor (300+ Posts, 400+ Likes)
I also feel that shorters are the once covering their positions and taking deliveries since there is lot on uncertainty about price movement on listing
Just think for a minute. If you being on a public forum like this think it would be listed at 18+ do you think HNIs with their contacts would have left their quota unsubscribed? Even if they are considered as fools, even the lead managers were foolish to sell it at 12? Just look at the historical FPO returns and you will know no FPO (even with strong fundamentals) has given such huge returns (as per your calculations 50% returns).
PS- I have applied for 2 lots with a very long term view. I have mentally written it off as a loss and would give it a few years. If the bank becomes good and price goes up would be more happy, else I lose 24k (the bank wont close hopefully and maybe I might recover some if I am not stupid if it reaches Rs.5-no averaging never).
Black Swan.. How come short sell shares come under Delivery ? Delivery is what you are buying on CNC & getting it into your dmat account at the end of the day without selling it. Shortselling shares & then buy n square off position will count as a simple Intraday Trade & not at all Delivery. So 30 % are getting deliveries genuinely & not by Short Selling.
385.10. Black Swan| Link| Bookmark|
July 21, 2020 8:32:10 AM
Top Contributor (300+ Posts, 400+ Likes)
SunnyS I am referring to traders who have bought shares via SLB
SLB traders would be in loss now, as they would be getting the shares at 12 only. Or may be they would believe that post listing shares would be available lower than 11.35, then only they would make some profit. Interesting game, but too dangerous.
ok... let me try to explain what EE is publishing. Traders are borrowing the shares @7.10 premium for one month... and cost is inr 1.0. These Traders will short the shares after borrowing. So, if they are selling at 19.45, their break even would happen at 11.35 and they will make money if share remain below 11.35 post 27th Jul. This is a dangerous game, and they will loose if shares remain anywhere 11.35 or above. Now the question is, who is buying the shares at 19.45, when FPO was available to all of us. Or there could be some other traders, who sold at 25 around 10th jul or so, are closing the positions. Anyone is welcome, can correct me on above. i might be totally wrong.
As a retail investor, I applied for full amount at cut off. This is one of the few issues where the entire money is going to the company. With the Big names like HDFC, LIC, SBI and Kotak putting their efforts together to revive this, this is a stock where your money will actually be managed professionally to convert into value. It is better to remain invested in Yes Bank than a mutual fund at this point of time. If listing is below 15, it may be a good entry point to buy a long term closed MF with 3-5 year maturity approach to Yes Bank than to rush to exit.
I did apply in parallel Biotech company where out of 550 Cr company is only getting 50 Cr and mostly it is internal selling
I applied few lots in this FPO . Always big rumors will be there for this stock frequently . retailers can exit with handsome profit . This script will move based on news other wise nothing is there .
Its still above 19Rs. Hope consolidation between 18 to 20 goes on for a week & we will get the listing price of around 18 or 19. Finger Crossed.
377. CSK| Link| Bookmark|
July 20, 2020 4:48:29 PM
Top Contributor (300+ Posts, 500 Likes)
Someone please clarify why GMP mentioned for Yes Bank. It is an existing share and Demand is more than supply then why Grey market Premium there. Second, what is Net Difference? 11.35 means whether it lists in that amount. what is the significance of this amount please share.
when i applied for yes bank ipo. i was asked on bheem upi for confirmation i confirmed and ipo subscribed successfully and 13000 lean in my bank successfully.