Full chance of lower circuit .stay away dont get trapped. Loss making company. Where there is ten percent retail quotaa operators is highly active in that script.
lower circuit seems to be ruled out ! combined traded volume is just 26 Lakhs, it seems lot of apatite is there for this QSR chain . higher probability of UC or trading in green tomorrow
seems to be either an anchor investor or somebody else might be increasing their stake, else 2 consecutive upper circuits by HNI/Retailers alone can not stay afloat
Remember folks......it is extremely difficult for a retail investors to earn from a stock which trades mostly at Circuit Breakers.
If a stock continuously goes up in upper circuit breakers, same stock can also go down in lower circuit breakers. In both cases (normal not influential) retailers will find it almost impossible to do anything but watch game played by large operators.......At Upper CIrcuit breakers they will not be able to buy and at lower circuit breakers they will not be able to sell.
I believe that blanket recommendations are always misleading and take people on wrong path. What to do in equity market is a factor of so many things...liquidity, investment objective, investment time horizon and also on investor''s profile.
Having said this .....I will share what I would be doing. At this stage, I wouldn''t think of investing (even if I could) in this stock irrespective of how many upper circuit breakers it makes.
Rakesh Jhunjunwala has stake,. Jubilant foodworks have stake,. Big QIB waiting in line to buy this Small issue .. don''t be surprised if Jubilant foodworks show interest to takeover this at premium at later stage. This is a blind buy irrespective of whether it list at premium or discount.
Yes it was blind buy. Atleast better than craftsman with no business model. From 492 to now 500+. Please get some knowledge in stock market before comments.
Arunarun I hope now u got answer why my messages I liked and rather than the crap craftsman barbequenation is a darling stock for fii. I hope u won''t indulge with argument now as this was best answer .
Intraday traders sold this stock already in listing price heavily and now they are not able to cover their position (they have to buy again), because there is no any seller, so all buyers are willing to buy at todays upper price. Thats why its freeze at upper price.
414.2. dpcdsl| Link| Bookmark|
April 7, 2021 1:30:25 PM
Top Contributor (400+ Posts, 200+ Likes)
For listing pre-open session is organised for price discovery. The last matched price, wherein buyer and seller bids, is taken as listing price and all pending transaction settled at that price even if a seller is quoted lesser that listing price.
The listing price is taken for circuit filter, accordingly 587.80 Upper circuit and 391.90 as Lower circuit which is 20% of 489.85, the listing price.
Big B BNH comes under 20% circuit SEBI rule is as given below Listing price +/- 20% (UC/LC) Ex: In BSE it listed at 492 , now you apply 20% to 492 , it comes around 590.40 , hence it shows 590.40 (BSE quote) . there no sellers despite of demand , tomorrow depending on demand/supply , it may go to UC or may trade below UC.
Listing price don''t have any limit. Once the price discovery happens the circuit is 20% either side. Remember Nazara locked in lower circuit on day 1.
Pixel - good to see you wanted to learn. it is as simple as given below let us take your own example of MTAR and Indigo paints MTAR : listed at 1050 (NSE) i.e. premium of 85% , now you apply 20% circuit filter on top of 1050 for that day, so it ends by 1260 , so against your IPO price of 575 , it ended at 1260 now your absolute return on that day is ( 1260-575)/(575) = 119% let us take indigo paints example : issue price is 1490 and listed at 2607.50 (BSE) i.e 75% premium , now u apply 20% circuit filter on top of the listing price , so it should end by 3129. now your absolute returns should be ( 3129-1490)/(1490) = 110%
Why did the stock trading freeze for BBQ at 10:35? I googled at it says that it hit Upper Circuit of 20% gain.
But my question is how it is different from MTAR and Indigo Paints IPO? They almost doubled themselves on listing day so why didn''t they hit UC? Sorry if dumb question. Still learning
MTAR and Indigo both almost double at the opening (price discovery at 9.45am). 20% UC is from the price discovery at 9.45am. as BBQ opened ~ 490, 20% from 490. MTAR/Indigo, 20% from initial doubling was not hit.
if so, they would have bought more in Pre IPO placement , why now additional quantity at higher price, any thing changed between Jan 21 - till today? or some other Intuitions are buying ?
Maybe in future it will always stay in news otherwise why Jubilant would buy stake. Something to buyout possible in coming future can give very good valuation.
when you want to come to this forum again next time, make sure you apply INDIGO FLOOR BLACK PAINT on your FACE, so that we could not able to recognize you.
why not u apply asian paints white paint on your face so that you need not see the world that is uncomfortable for you:-) btw - how many shares you got in IPO or did you buy any thing new today what is u r prediction for tomorrow, will it be rewarded like other food chains such as West life, Burger King, Jubliant food etc? what is the relasitic EV/sales that u think?
NSE / nirvachan bhavan se Black Color ka dabba collect karo, its already delivered there, please help your self , PSR sir ne agar sweet bheja hai to wo bhi collect kar lo, he he he he
dont want to debat with person who dont know the basic of share market.
Please take care of your self and if you are in loss today i hope you recover this in another script.
Please read my below post ,posted before listing date...
Why UPPER CERCUIT TODAY, reason shorters are trapped, from tomorrow this stock should trade as usual.
About DCF, forget it, this script today controlled by operators and if it''s in hand of operators then this type of technics won''t work.
Whenever there is less floating shares shortsers should take position very cleaverly else there is back fire, BBQ listing is example of this.
353.2. KDKing🤴I Like It. 2|Report Abuse|Apr 4, 2021 10:08 IPO Mentor IPO Mentor (500+ Posts, 500+ Likes) If market looks stable during listing time, listing gain will be there around 10-15 %. Allottee can expect decent listing, reasons 75% already gone to QIB + Anchor,,, No pressure on HNI as they have applied from their own pocket, every HNI applicant has got allotment... Anchor list has good names of domestic funds... QiB mutual funds also applied... Nifty already recovered to decent level..
KD - thanks for clarifying. a silly question for you, if free float is thin, why it did not result in Craftsman as it''s equity base is very small. you mean to say operators are not active. if i read subscription data, QIB portions is 75%, over scribed, usually they do not look for listing gains, anchor investors can not offload now. as usual retailers may look for listing gains, since HNI is not oversubscribed and they might have dumped, so where from the demand is coming for UC today? why not another UC for tomorrow? throw some light to learn from you
Craftsman retail were 35% BBQ Retail quota is 10% It''s make a difference
BBQ anchor list is far better than Craftsman.
I used to watch this parameter, in gland pharma also HNI Retail portion was not subscribed , so in gland consolidation was already done before listing.
We need to see free floating is less, in Kalyan retail 35% + employees reservation+ discount was 10% so huge free floating
406.9. Manup| Link| Bookmark|
April 7, 2021 1:57:37 PM
Top Contributor (400+ Posts, 200+ Likes)
i am asking equity base in both scrips and free float stock, it does not matter whether retail quota is 35% or 10% demand / supply is key despite of low equity base Craftsman is trading below it''s issue price, that mean people are not running behind, where as in BNH lot of demand is there , why? do they see EV/sale or net debt/EBITA or DCF ? some value might be emerging , else it can not be locked at UC when hospitality sector is having short term challenges
Internal news Domino''s running behind BBQ to aquire more stake. Now if your are not able to digest retail 10% and 35% equation is really making any difference then I can''t help to explain anything more.... Stock works on news and sentiment... BBQ is unique player in this segment and investors think this flower will bloom one day for sure...
Check if such things are applicable for craftsman becs I had skipped and not interested in craftsman...
@IPOANALYSIS: Thanks brother. I haven''t applied in IPO but after seen your confidence from last week about the company, I place a buy order at 501 Rs in pre-open and successfully execute it at 587 Rs. and its Freeze in UC and still holding.
Another set of arguments among folks having contradictory views which no one will ever win.
Market is full of pure speculators who have nothing to do with fundamentals. Suggest avoid going to extreme of views and safeguard your capital before looking for gains.
Market is supreme and it will humble everyone who is haughty and have extreme ego.
Mr Spock what is your networth as on today why do u think others spammers, do not u think analsyts failed in lsiting gains? do u think they too are spammers did u got any allotment, if so how many wanted to know u r understanding of how one can evaluate a scrip on DCF method
Mr spock, you need to answer capital markets fundamentals , another questions for you what are the basic parameters, one can apply for evaluating a scrip like BNH
Mr spock, if you know the basic fundamental of capital markets , you would have unswered my question of DCF technique, this it self indicates you r naive trader. again i am asking you, how do you evaluate Jubliant foods, west life , Burger King & this scrip do not run away from debates . btw - did you buy any qty today? if so why u did not apply the same courage for Easy trip planners which had given an oprtunity i am checking with PSR whether he has any contrarian bets i am posing all these questions in the forum if some contra specialists are there to throw some light