Chemcon Speciality Chemicals Limited IPO Message Board (Page 1)

News Update-
Financial Result Day announced-

Meeting of the Board of
Directors of the Company will be held on Friday, 06th November, 2020 inter alia,
to consider, approve and take on record the unaudited financial results of the
Company for the quarter and half year ended 30th September,2020

Dear Sir/Madam
I Vaibhav Gupta have applied for Chemcon Speciality Chemicals IPO from Zerodha UPI so the blocked funds have not been released even after the mandate end date.

Up move of share Price start after following this news ? ?

"CRISIL upgrades rating of Chemcon Speciality Chemicals Limited" BBB+Stable".

Associate ji , hope so up move start ho jaye

Aniket sir,
Will there be more correction left in Chemcon
Or there will be possibility of bounce back .
Please advise sir wht to do , I have 44 IPO share and not sold till now
Please guide sir.

Anurup ji,
After a long time you are active at the forum.
I hope, every thing will fine at your end.
In Chemcon, it was very easy to advise at a rate of 650+ but
After a correction of about 30% from top, now it's difficult to predict for a two days old listed company. There is not much data/graph is available to track the pattern for short term view, but still I believe Chemcon will must come towards 460-470 level (near my earlier expectation of 5000 RS listing gain candidate).
At that level also, I will not buy /average.
Thanks.

Sir,
Ab to 5000 v listing gain nahi bacha hai. Kuch logo ne to bare bare Sapne dikhaye the. Sapno k jaal Mai ulajh kar Rahi Gaya Mai. Aapki baat nahi maan kar Bari galti kar di maine....
LALACH BURI BALA

I got one allotment of Chemcon IPO can any body suggest me regarding sell of shares. Should I hold or sell the shares. As day to day chemcon share price is decreasing very much.

Sanjhavi ji same problem with me ...not able to sell and now regreating ..daily going down and down only

I am still in wait and watch mode for this stock. The stock was bound to trend lower due to too much of hype in IPO. Please note that despite so much of fall...stock is still 40-50% above the cost price of IPO and there may still be people who may look for profitable exit. I dont think it is fishy, it is just fear and greed playing out.

Oversold and Overbought status carry more meaning when data for longer duration is available. A stock just listed will remain in price discovery mode for few weeks at least specially the stocks which have extremely exuberant listing.

I am interested in the stock because I believe that chemical industry will give very good returns during next 1-2 years and hence keep it under watch.

Yes, you are right....there are many other good chemical companies also available.

With yesterday's and all time low at 481.4 and yesterday's closing at 485.55, the stock is continuously trending downward. There is no sign whatsoever of any significant buying to pull the stock back. On the other hand there is increase in stock volume on NSE and this could an indication for further weakness. May be bottom is yet to be reached.

Folks who have not sold yet are stuck now and the stock behavior so far has not instilled any confidence in the stock so far to kick start new buying.

As most other investors, I will remain on the fence and would not take a dip unless there are some indications of price stabilization or a minor pull back with some level of conviction.

Take advisor from your own stock advisors before acting. Suno sabki par karo sirf apne man ki.

This IPO was subscribed 41x by Retail Investors. But how many Retail Investors will think of investing in this stock at the current price......very few. This is what is herd Psychology of Retail investors.......buy what others are buying....and sell when everybody sells...

If money can be earned with this thinking, then no one will ever lose money in Stock market.

Stock market investment is not bank FD. Here someone will earn money only when someone else loses........Friends...play safe......it is your own money..

Got 1 lot (44 stock) in IPO. But got hooked up in some other work so couldn't sell the shares on listing day. My bad!!!

Now it is trading at 533 as on 6th OCT 2.30PM.

Is it good to hold for a month with this hope that it may touch 700?

Hold with strict stop loss..500

Stop loss hit

Out of 9352940 offered shares.... 8420635 shares had deliverable sales and changed hands till date.

Something big cooking up...!!! OR Big hands have booked heavy profit. But BIG Question, who is buying this much????

Looking to enter Chemcon close to 500. Keeping this stock under close observation.

So down-trend continues....and we still do not have clue where the short term bottom is for this stock.

I believe if the stock goes below 500......flood of stop losses may trigger and that may further lower the price of this stock. Potentially that fall may give us an entry point for 10% bump in price.

Will continue to watch and track.....still un-decided about the entry point as trend is consistently down.

Consult your financial advisor. This is just my current ( for today) thinking about this stock and may change tomorrow.

Suno sabki par karo sirf apne man ki.

I had kept stop loss of 530 and exited this stock. Had to take loss as want to minimize the loss and move to other stocks. Probably the mistake was to buy at higher level of 617. However I am still puzzled by the price discovery of 731. Stock going down to less than 500 after the price discovery in a week's time is some thing fishy. These things do happen and a big lesson learnt. I had hoped that due to overselling, this stock will rise but had to keep my stop loss. Even if it rises back, I will not enter this stock as there are many other alternates to choose.

I feel this stock will follow its rival firm Fine organics which listed on discount and we can see what happened after that. Both the companies are in same field of specialist chemicals.

Avoid buying

Congratulations to all who follow my view

Ignore hi karte rehna meri advice ko....

@Rahul Phogat Ji:
U mentioned in one of the replies below that "I got allotment and sell at 731 in NSE at 9.45"
But market for IPO shares starts at 10.00 AM.

Pardon my ignorance. Can u explain how u were able to do this selling at 9.45 AM.

you can put your offer on opening day from 9 to 9.07am and if your price suit that it executed before 10 am and that price is opening price of that shares

@mailashishji

On listing 9.45 pre open 1second trade for price match

On listing day you can put order between 9.15 to 9.44

If price match then you can buy or sell order execute

Ironically todays LC is at 420.

I have bought at day 1 should I hold or sell?
What is your expectation in short term and long term?
Experts please advice.

this share may go down
but not worth buying at lower levels

Chem cho agree with your view

Sir I have bought at day 1 should I hold or sell?
What is your expectation in short term and long term.

Very poor performance of linkintime. It credited Equity shares of Chemcone in my demat a/c after trading session on listing date, so I didn't get advantage of good listing price.

I think you need to contact your broker.

This share will be credited your account, you can see it at the time of listing day not before that.

Please register on SCORES and lodge complaint:

Please find the below Details :
Complaint RegNo:      SEBIE/MH20/0011722/1
Status:      Action
Category:      Registrars to an Issue and Share transfer Agents
Nature Of Complaint:      Deficiency in services
Complaint Against:      LINK INTIME INDIA PVT. LTD.
Remarks:      Dear Sir, As per ATR submitted by Link Intime, the RTA vide email dated 30.09.2020 has informed you that they have already given instructions to ASBA Banker for unblocking of funds The hold release itself is an indication that the amount which was blocked earlier is now available for usage. Your total balance & available balance should be same. If you have any further grievance then kindly revert back to us within 7 days. Please be informed that we shall consider your complaint as closed in case we don?t receive any response from you within 7 days.

I have mentioned all entries, (remarks is their reply). I agree the site is not user friendly.
Category, Nature of complaint, complaint against linkin time.
IF you get a number, send that to chemcon.ipo@linkintime.co.in

First column on left:
List Companies/Registrars & Transfer Agents/Non-Demat and Remat > Drop down green arrow > Select Registrars and Transfer Agents > Wait, its slow. Once get the form > use deficiency in service > select linkintime using drop down.

I hope this helps

Applied through kotak Mahindra bank
Not alloted,
But
Still not yet released my amount.
Any reason?

for me it shows "Pending for RTA response" but i am able to use the amount...i am able to transfer the amount....i applied via kotak mobile app

Please register on SEBI at scores.gov.in and lodge a complaint against Linkintime for not releasing funds. Should be done in a day. Contact your RM at kotak if you have one.

Price seems to be stable now around 550. Already 30 lakhs shares traded in NSE. There seems to be huge shorting today again as many might have expected it to hit lower circuit today but my view is short covering will happen today and stock will cross 600 level by evening. Please hold on to this and dont sell as selling in panic will help shorters only.

Stock is in oversold region. Strong bounce back possible from tomorrow. Also, price discovery of 731 was surprising which trapped many retail investors. Stock should have been above 550 levels today but due to overselling, it has reached 530 levels.

Those who bought on day 1 can wait for the bounce back before exiting the stock. Keep strict stop loss of 516 which is today's low as I feel this will not be breached. if breached, further downside cannot be ruled out. However, I still feel stock can return robust returns in the long run. Oil Chemicals business was not doing well but it resumed in September as per management and since Pharma chemicals has already expanded the volume, it has more than covered up for the business in oil chemicals. Anything in oil chemicals is a bonus.
Expecting stock to bounce by 10 percent tomorrow till 600 levels.

this share has repeated same last day history, no bounce at all....going in one direction

Chemcon with past corporate governance issues is not likely to benefit shareholders even if the industry & the company does well. Investors looking to long term can buy Happiest mind at current prices. Has great potential over 5 to 10 year period