56.3. Imhilli| Link| Bookmark|
August 20, 2023 8:08:14 PM
IPO Guru (1200+ Posts, 700+ Likes)
I hope, tomorrow there will be a turn around as the price will fall below the issue price with 5%lc. Now it would be interesting to see how the upward journey goes.
Dont know much about the company. The IT Industry seems to be too vast and competitive. May be exit at around 190 at present. The next results update and guidance by the management might hold key for future.
Na niche ja rha hai na uper ja rha hai Atak gaya hai bich me🙃😴
52. Kapz| Link| Bookmark|
August 17, 2023 11:13:50 AM
IPO Mentor (800+ Posts, 400+ Likes)
Only one order of 3 lac shares at 181 is keeping this scrip to not go LC, and tricking people into buying above that price. Most likely this order is from MM, allowing sellers (perhaps QIBs) to drip feed their allotments above 181.
Kapz sir thank for sharing 1 person have put order of 3,03,400 at 181 price
Agar ye order nahi hota to lower circuit kab ka lag gaya hota
52.3. Kapz| Link| Bookmark|
August 17, 2023 11:30:40 AM
IPO Mentor (800+ Posts, 400+ Likes)
@JAI JAI GARVI GUJARAT , bilkul sahi. I think they’ve created an artificial LC of 181, to allow QIBs/ operators to get out with 10% return on the bulk investment they made to get allotment at 165.
A good listing as per expectations of C G. An easy allotment and profit of 15% on listing is good. Further buying I think is not advisable at this point of time. Think and act accordingly. Congratulations to all who got easy allotment on daring to apply.
@Invest Pune In my limited view, based on past observations, this generally is not a great sign. Anchors who also bid and get allotment in QIB quota generally do this to just get listing gain and drop out immediately. They only hold on to their anchor portion and the QIB allotment is to make short term profits, because they know they can. I may be wrong as each IPO behaves differently but just thought of sharing what my observation was. 🙏
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