Who is still holding this stock? I hold 4 lots slightly at a higher average but believe this stock is worth 200+…. Does anyone have an opinion about this stock?
Also, @lokesh and other experts - are you aware how to check if bigger hands are exiting if that is not shown in bulk deals? The movement in this stock has reduced significantly and this keeps me worried if its really a bet for short time or not?
74. lokes| Link| Bookmark|
October 10, 2022 10:02:58 AM
IPO Guru (4400+ Posts, 5100+ Likes)
Bought one lot at 66.5......i think its good price for long term buying here...demand is less now but later it can improve....
Bought two lots@70. All the best for medium to long-term given the size of the company is so small. @Lokes, Do you think it has chances of becoming multi bagger 3-5x in 3-5 years?
74.2. lokes| Link| Bookmark|
October 10, 2022 11:33:47 AM
IPO Guru (4400+ Posts, 5100+ Likes)
@pvn: yes it can become 3X to 5X from issue price easily in 1-2 years only given the growth and issue size.....they may come up with bonus etc later to increase float and lot size will be reduced once it will grow so that more people can get in... And btw i am not CA, i am SW engineer :)
@lokes Sir, nice to hear. Nice to hear that you are from software background. I work in semiconductor industry. Let me know if you are also from Bangalore. Wish to meet you in person.
@lokes sir thanks a lot for giving lot of confidence and your analysis for all the IPOs buying/selling strategy.
P.S. I am also a software engineer.
74.5. lokes| Link| Bookmark|
October 13, 2022 12:23:46 AM
IPO Guru (4400+ Posts, 5100+ Likes)
@pvn: ya am from bangalore.....IT industry as common in bangalore :) @ipo AJ : thanks and good luck....
74.6. GJ 😀| Link| Bookmark|
October 13, 2022 1:56:35 AM
IPO Mentor (1600+ Posts, 400+ Likes)
@lokes, Good to know that you are also from the IT sector. Me too, but from Pune.
@IPO AJ, Generally, IT guys are there in the capital market looking for secondary income. We are habitual of looking at screens for a long time by work nature 😆.
btw, @pvn & @lokes, I am coming to Bangalore from the 16th evening till the 21st evening. We can meet in person if interested and possible. Just a suggestion.
74.7. GJ 😀| Link| Bookmark|
October 13, 2022 2:09:17 AM
IPO Mentor (1600+ Posts, 400+ Likes)
@NeilM, Nothing like that man, surely we can all meet. I am available Wednesday (or Thursday) evening if that works for you.
@lokes, Sad to hear about the distance thing
which area do you stay in? I will be traveling from Singasandra to Airport Friday late afternoon, so your area might come on the way, or maybe a little detour needed Let me know if that works for you.
74.16. lokes| Link| Bookmark|
October 19, 2022 9:12:04 PM
IPO Guru (4400+ Posts, 5100+ Likes)
@GJ: my location is near mahadevpura bus stop area...and its very near to main road and its on the mid way from your area to airport but i have meetings on friday afternoon....and i can even come around 4.30pm nearby some place to sit and talk but then for you, it will take around 1 hour extra for breaking your journey in two parts and in our chit chat so that's only possible if your flight is around 9pm or later since from my area till airport it can take around 1.5 to 2 hours in travel as per traffic/rain conditions in bangalore..... so if all that is possible/feasible for you then we can meet :) but obviously don't take risk for your flight if its before 9pm
@lokes, What is the possibility for tomorrow/Friday morning?
73. DEVBULL| Link| Bookmark|
October 12, 2022 7:35:50 PM
Top Contributor (600+ Posts, 200+ Likes)
@CG Admin. Already 12 working days have gone from the closing date of this IPO. Shares have been distributed to allottees and got listed also on 10-10-2022. But till now, the Basis of Allotment for Cargotrans Maritime IPO is not available anywhere including your portal. As I am badly in need of BoA to get certain issues resolved, kindly intimate as to where can I get it officially? I have already written to RTA but could not get it. If Newspaper publication is the only source of certainty, then in which Newspaper it was published and on which date?
@lokes, @Noorul, @MRavi, @CA Sunil, @MehulStk, @SamJos, @Avenue, @Arca, @Ravu & Other forum members. Has anybody seen the Basis of Allotment for Cargotrans IPO, and if so where? Any legal recourse is available to get soft copy of the Basis of Allotment, as a matter of right.
73.1. lokes| Link| Bookmark|
October 13, 2022 12:22:03 AM
IPO Guru (4400+ Posts, 5100+ Likes)
@devbull: normally @admin get from registrar and post here the BOA or sample BOA in some cases whatever registrar gives...... BOA can be get from registrar by sending mail but they don't reply most of the times, i also sent multiple mails during nupur ipo time but couldn't got later it came on site here after some months....even i came to know that they don't respond to CG admin also many times on mail for BOA requests..... some months back i tried to find on internet also but couldn't find..... you can wait, it will come on CG site in some days mostly like recently it came for insolation ipo....
73.2. DEVBULL| Link| Bookmark|
October 13, 2022 1:10:56 PM
Top Contributor (600+ Posts, 200+ Likes)
@lokes. Thank you for your reply. It seems the RTA people are evading to give BoA in respect of some vulnerable public issues. I have asked for soft copy of BoA of Cargotrans IPO or at least the details of Newspaper publication. The RTA (in this case Bigshare) has not given soft copy of BoA which is readily available with them. They are not furnishing the details of Newspaper publication also. Instead, somehow they traced out my Bank name where from I applied and forwarded my email to my Bank and asked for Bank’s report. Of course, my bank has rejected my NII bid for very big amount (i.e. around Rs.1 crore but not equal to or exceeding one crore) at ASBA level itself indicating filthy reason (i.e. Bid value is greater than specified max value) and the issue is between bank and me. Such is the case, what report Bank will give to RTA regarding publication of BoA? You see, how this Bigshare is dodging. Again, I have written to Bigshare with a copy to designated stock exchange (in this case BSE) who has approved the BoA, with a request to arrange to send BoA to me. Let me wait and see for further course of action.
@DEVBULL written to company secretary cum compliance officer of the company, you can get email from RHP, he is bound to give you. Last resort is Stock Exchange where it is listed.
73.4. DEVBULL| Link| Bookmark|
October 18, 2022 9:22:54 PM
Top Contributor (600+ Posts, 200+ Likes)
@CA Sunil. Thank you. Finally, I got it from Bigshare. But it is sample only as far as NII is concerned. The allotment position for the categories of 5 lots to 59 lots are not available. Likewise several categories under NII are missing. Somewhere, you have mentioned that you got 1 lot out of two 10 lots HNI applications. But this category is not available in this sample BoA. I don’t know why this people are dodging. What prevented them to supply soft copy of full BoA? It is pertinent to note that even now it is not uploaded in our CG portal.
72. Safe Bet| Link| Bookmark|
October 11, 2022 8:10:23 PM
Top Contributor (500+ Posts, 100+ Likes)
Just the second day & volume has dwindled to just 12000. What can we expect ahead?
@SafeBet, Looks like no one is interested to book the profits in less traded companies at least for now. People are holding it tightly, may see profit booking at higher levels. Highly traded lots got absorbed, So good demand for Silicon nd Reetech at these levels. Good for them in longterm....
68. lokes| Link| Bookmark|
October 9, 2022 9:43:04 PM
IPO Guru (4400+ Posts, 5100+ Likes)
In my opinion, it can list around 82-85...for new buying, around 75-80 can be good price....profit can be booked if getting above 90 levels....this company is also good for medium to long term holding and will have good growth mostly as seen in last 3 years and logistics sector normally had decent runs in past.... But just be careful for new buying especially in cargotrans and concord at too high prices since markets are also too volatile and monday will be down....
@Lokes sir, Impressive posts and analysis from you on the stocks listing today. Kudos to you sir. many newcomers and experts will surely benefit from this. The way your doing risk analysis is really good. Thanks, will do careful buying today. Btw are you working as CA sir??
Traded at heavy volumes in Ahmedabad and Rajkot...one lot quoting at 1.10 lakhs. There is sudden jump in the grey market..had already given a head up on this .in my post no 21...best wishes to all those who recieved allotment and to also those who took position at lower level..this surely was a dark horse which will gallop in style to the finishing line..cheers..🚀🚀🚀
Zero continues in SME IPO... never got SME IPO til now🤦
56.15. SamJos| Link| Bookmark|
October 5, 2022 5:41:28 AM
Top Contributor (500+ Posts, 100+ Likes)
None here, but 1/6 hni in Insolation & 1/6 hni in Concord. All the best to non allottes in coming ipos. Never sale in mainstream ipo after allotment but don't know what to do in sme ipo. Got 60% margin in Krishna Defense, but still stuck in Le Merite.
56.16. SamJos| Link| Bookmark|
October 5, 2022 5:42:35 AM
Top Contributor (500+ Posts, 100+ Likes)
Sale=sold.
56.17. lokes| Link| Bookmark|
October 5, 2022 1:44:08 PM
IPO Guru (4400+ Posts, 5100+ Likes)
Congrats @mehulstk @samjos: great luck for getting in both concord and insolation from just 6 lot hni application....congrats...
56.18. MehulStk| Link| Bookmark|
October 5, 2022 5:25:22 PM
Top Contributor (400+ Posts, 100+ Likes)
@lokes, Thanks Sir 😊, I hope you will also get allotment in your remaining IPOs applications, good luck 🤞.