Shri Balaji Valve Components Limited IPO Message Board (Page 2)

Already shared my thoughts on Manan Surana bhai's thread on same page.

It is easy to predict who will be Prime Minister of India after 2029 elections, but difficult to predict future of sme. My policy here. Will not exit in preopen. Waiting for few days by trusting HEM. afterwards exit and buy some good stocks from secondary. This is my fixed policy in any alloted sme.

Thanks for the input @ValueSeeker & @Smile✍️ Ji

I am trying to find any notable positive or negative points with Shri Balaji Valves which can drive it further.

​@Abhii VPG 

Please read this and additionally below:
https://www.chittorgarh.com/ipo/ipo_discussions.asp?a=1604&c=712720&ap=0

I'm not allotted otherwise i would act like this:
- Must analyze opening price
- If opened less than 50% then hold
- Double check and act according to number of buyers/sellers daily
- If you hold for longer then don't panic by 2-3 LC or even don't excite with 2-3 UC (general rule in good SME). Good SME hold means hold.
- With reasonable buyers/sellers -> may sell when pressure on it
- Most important, fund availability if important IPO comes to apply there because SME can't be sold partially like mainline.
- This IPO doesn't fall into very long time.

Book Profit
Thanks

As said in chat exited today at 210.54. Fully satisfied with profit now will think where it goes

Sold allotted lot today @217.50/-

First of all, congratulations if you are allotted @Manan Surana bhai. Couldn't have asked for a better start to new year! SME allotment, wo bhi Hem ka. (Coincidentally, Chaman Metallics was my first SME allotment after a year plus of efforts. It too was of Hem, and allotment came around second week of Jan 2023.)

Frankly, I'm not an expert on SMEs.
What I've learnt from other seniors is to exit on listing unless you are super patient and don't mind remaining invested and keeping entire lot value at risk. E.g. recent Accent Microcell.
But there can be exceptions, which can make you look foolish. Like I had Sealmatic allotment, and exited with nominal profit on listing, and then it doubled in 2 months or so.

​@Manan Surana 

There is no fixed pattern in SME. You can see clear picture only after 10:00:01 AM on listing day. LC and UC happens very fast in SME as you know.

For Balaji Valves:
- If you are satisfied with the listing price then you can set particular order according to nearer to opening price.
- If you want 5% more then wait for 10:00:01 and see buyers/sellers and set order 5% more than opening price (if you want to sell).
- If you are optimistic for increasing the price in future then just wait n watch and don't set any order.

My opinion, this may move further to 5% post listing and if you don't want to sell then just hold and set personal target to sell according to movement by seeing number of buyers/sellers everyday.

Again, clear picture posting listing only and SME script can be manipulated easily. For e.g. you may see couple of days UC UC and then LC LC LC LC and reverse too. In longer run, good SME ipo will increase and don't get panic by couple of LCs if you want to hold. You should be satisfied according to GMP, opening price, personal expectation, risk, business, demand, Q results in longer run. Personally, i would have hold if opens 30-40%.

thank you value seeker and jsk sir for prompt repiles , I'll personally see the market opening that day and sell if i get 40 percent

Don't be disheartened. Luck will change one day. All the best for the new year.

Well, many would have!