Hi Everyone, I got allotment for 1/1 lot and this is my first SME ipo allotment. I am planning hold it for few days/quarters due to good profits since last 15 months for short term gains. I have limited funds for investment <5L. Please suggest your opinion. Thank you.
67. MehulStk| Link| Bookmark|
January 11, 2022 8:29:26 AM
Top Contributor (400+ Posts, 100+ Likes)
Cotton price is high of its all time i.e 10000 per ...quintal....... gov also increase cotton import duty..... so this not right time hold or buy this share..... suggested to sold immediately....
Cotton price is high of its all time i.e 10000 per ...quintal....... gov also increase cotton import duty..... so this not right time hold or buy this share..... suggested to sold immediately....
Sentiment of market are good, textile sector is also doing well in secondary market. It can list above Rs. 45 easily. As all penny stocks are booming too.
61. Learner SK| Link| Bookmark|
January 10, 2022 9:06:02 AM
Top Contributor (1000+ Posts, 200+ Likes)
Is there any Grey play in SME? Chittorgarh GMP page is showing only of Mainboards.
What is the trade symbol of Ab Cotspin india Ltd ?
59. lokes| Link| Bookmark|
January 9, 2022 3:51:36 PM
IPO Guru (4400+ Posts, 5100+ Likes)
Allotted one lot here. Will keep holding for some days to see it''s movement. It''s recent financials are good, let''s see how it will grow going forward.
@lokes, Congrats, something to cheer about. I agree also, this company looks did well in the last qtrs, and I hope this will be good long term bet who has long term patience. (I have 13 lots, will hold for few days/weeks to see the trend)
thanks
59.2. lokes| Link| Bookmark|
January 9, 2022 5:17:15 PM
IPO Guru (4400+ Posts, 5100+ Likes)
thanks @MRavi sir. Not much cheer, since for listing gains at least, it may not do good due to average subscriptions, above 40 will be considered good listing but looks tough, ya but i agree it may do well in longer term. i will hold with some stoploss deciding after listing. you and anantagg holding a major chunk here :)
@Spock, I suppose to get less than 10 lots as per my previous experience (normally, in SME, retail and HNi subscriptions get equalized before allotment. this time strange).
Thanks
57. anantagg| Link| Bookmark|
January 8, 2022 2:10:58 AM
Top Contributor (200+ Posts, 200+ Likes)
Guys my family has been allotted 180000 shares. What do everyone think of this stock?
How much listing gain can we expect for AB Cotspin? Should i hold or sell at listing?
57.1. Arca| Link| Bookmark|
January 8, 2022 8:53:30 AM
(1000+ Posts, 500+ Likes)
Dude π¬ you will be a deciding person in listing gain.this company has performed extra ordinary only in last quarter just like it''s peer so i don''t think it will have great listing gain but if u hold it will give handsome returns provided!!!!! Q2,Q3 & q4 are same as q1 or better. This company came early for ipo ,it could have waited for atleast 1 more quarter. In future many companies are going to get export orders in this sector.trident like companies will give job works to these small companies.considering all this you can either sell off or hold.
I mainly applied because of vivo & this company last minute subscription. I will sell off in the first day if i get a good return. So if π¬we all think of selling, it will list in discount for sure.
@ anantagg, Please Share Any Othr Company As You Like, Go Likely Brightcom. Thanks
57.5. anantagg| Link| Bookmark|
January 8, 2022 8:14:23 PM
Top Contributor (200+ Posts, 200+ Likes)
Arca i wont be selling at pre opening. I think this stock is good.
Manipo you can share your learning her. It will be good for everyone.
Adibin my application size has 4-6crs.
Darmendra check Rain Industries. It was give 30-70% gain in nect 6-12 months
57.6. anantagg| Link| Bookmark|
January 8, 2022 8:17:33 PM
Top Contributor (200+ Posts, 200+ Likes)
Also check out SMC global. I own 1% of company.
Right now its trading at 7-9PE which is very low compare to peers.
CMP is only 75rs and price should be around 300rs.
Invest in SMC Global if you can hold for long term like 1-3 years. They relisted last year thats why awareness is not there in public right now. This year profit will be around 110-140crs and company market cap is 800crs right now. Personally i think it will take time for SMC to reach above 150 but its a very safe bet. It wont go below 70rs because thats the book value and if it does then i will start buying it becuase i am very bullish on SMC.
@anantagg, Thanks for not selling in pre open. I will also hold my 12000 shares. i think this is good company and will be multi bagger like Nupur, EKI, Bombay M, Kotyark etc. Thanks.
This may list with very nominal listing gain but in short term of 30-60 days period this stock may give 20-35% gain (IPO priced is attractive ). allotted 1 lot, will only sell with 20%+ gain, stoploss is IPO price.
Timescan will give handsome listing gain, got 1 lot here also and selling in the listing. I dont like both these companies businesses, so not planning to hold any.
@anantagg one question about keeping funds for IPO apps. Keeping funds in saving/current account + applying IPOs will not earn enough returns. Are you applying using funding from any NBFC? What is ROI they are charging? How easy is it to move funds from NBFC to Bank and vice versa?
My exp so far in SMEs is like it has liquidity issues for people holding large quantity.
Hi @anantagg, I do not understand the calculation. Can you please explain it? You mentioned you put 4-6 cr to get 180000 shares. But these shares when multiply with IPO price be equal to 63 lakhs. Can you please tell us or any link to understand the process better Thanks!
57.17. anantagg| Link| Bookmark|
January 30, 2022 11:02:21 PM
Top Contributor (200+ Posts, 200+ Likes)
63 lakhs into the HNI subscription number will come nearly 4-6crs.
Dear Anant Sir Is ANANT WEALTH CONSULTANTS PRIVATE LIMITED Your Company ?
57.23. anantagg| Link| Bookmark|
February 11, 2022 12:42:19 AM
Top Contributor (200+ Posts, 200+ Likes)
Mehul i think 70-90 in next 2-6 months.
Dinesh ji Anant Wealth is not my company. My Company name is Viney Equity Market LLP.
57.24. MehulStk| Link| Bookmark|
February 11, 2022 6:00:54 PM
Top Contributor (400+ Posts, 100+ Likes)
Thank you so much for the estimate Sir, Holding tight and will ride with you till the we reaches the goal. :)
56. Arca| Link| Bookmark|
January 9, 2022 11:20:05 AM
(1000+ Posts, 500+ Likes)
Well , i don''t know how q2 ,3 & 4 will be and q1 being great with change in product mix (ie cotton yarn) & high gross margin ,it really creates suspicion for me. I tried comparing with other four peers but couldn''t get a clear picture because all were being different from one another.
So planning to sell if i get a good return. Not planning to hold long term since the maximum it can go is 3times(based on q1 2022).
Mr Anantagg, it is all on HNI like you, if you purchase any share, it can go up and if you sell it can go down. Pre opening price is main, so put buy order above Rs 35, so that It can list Rs. 40. My personal listing estimate is Rs. 37.50. Other members views requested.
55.1. Arca| Link| Bookmark|
January 8, 2022 9:16:53 AM
(1000+ Posts, 500+ Likes)
Even I expect around 35-40
55.2. anantagg| Link| Bookmark|
January 8, 2022 8:10:50 PM
Top Contributor (200+ Posts, 200+ Likes)
Honestly i think if i sell on pre listing then the price will drop and retail investor will make losses. So i am not selling on pre listing thats for sure. I dont want anyone to make losses because of me. So guys dont worry about my selling on pre listing.
Dear anantagg ji., Please advice on Bcg at current levels. Thanks
55.8. anantagg| Link| Bookmark|
January 27, 2022 8:16:33 PM
Top Contributor (200+ Posts, 200+ Likes)
Dharmendra its a must buy. I dont think you will able to buy because i am sure there will be another 6 UC.
54. anantagg| Link| Bookmark|
January 8, 2022 1:50:57 PM
Top Contributor (200+ Posts, 200+ Likes)
Guys I think listing should be great. It all depends on us. I would request everyone to put sell order at Pre opening at rs 40 or above if you want to sell.
there is no limit on pre open. Vivo pre open price was 350 against issue price of 82. Like Vivo, I expect it to open at least 60. There will be UC after that till 100.
I don''t know much about pre open ,but in my upstoxx app in main board it usually shows 2times issue price as upper limit. And when indicative price rises i guess upper limit also increases .correct me if i am wrong. So i guess pre open cap limit is there?? Am I right?
@m Dinesh I hope π€ it becomes true. @ Amit did you apply seven applications? How many did u apply in timescan? I don''t think this one is worth more than timescan.
@Arca Are you saying it based on the subscription rates? Timescan logistics financials are much weaker than AB Cotspin (of course both are different industries in different segments), I wonder how Timescan got such high subscription.
Well not based on issue price or subscription it is based on its peer company valuation and ab cotspin showed better performace in last quarter only and its peer valued with similar valuations .but time scan has performed well when its peers business went down and it is at some what less valuation compare to its peer. Recently ritco logistics also went up making timescan a better investment.