Chemcon Speciality Chemicals Limited IPO Message Board (Page 2)

Please ignore Rahul popat postings in this forum

Bcz, he didn't get allotment

I got allotment and sell at 731 in NSE at 9.45

I think you can't sell so......

You have no right to challange my view even I am right...for listing day and today's ignore call...

If you don't want to follow my view you can ignore

Sorry Sir wrongly posted in chemcon

It related to cams

हेम सिक्योरिटीज की आस्था जैन ने कैमकॉन का उचित भाव 650 रुपये बताया है

I applied my son's Prostock Demat account using sbi net banking. It shows successful on sbi web site, but 'no record found' on registrar's site. I had received yes bank allocation through similar application. Have the rules changed recently ? Is sbi net banking asba no longer allowed ?

If it's showing "no record found", then you have made an error while giving pan, DP ID or Client ID. There is nothing wrong with SBI net banking ASBA.

Yes, I got allotment though SBI ASBA / net banking. It's working fine.

A stock which has fallen 20% from high on listing day can very well fall further.
Long term investers, keep your entry point ready.........you may get a chance to enter @ your entry point any time next week.

Now this IPO is done and dusted and Chemcon should be treated just like any other normal stock.

Fundamentals of a company play over a longer time horizon. One needs to decide what kind of investors they are.....long term fundamentals driven investors or day trader or short term momentum driven investors or some other type. No-one can accurately tell others when to buy and when to sell because that choice is mostly driven by individual's fear and greed in stock market.

Very greedy investor will not be able to sell a "not so good" stock even if it rises by 20% in a day believing that next day stock will rise further. Very fearful investor will not be able to buy a very good stock even if it falls by 20% in a single day believing he will be able buy next day even lower. One needs to buy and sell price of any stock based on their own FEAR and GREED levels and also their liquidity situation.

Suggest not to beg others to tell you recommended BUY/SELL price. You just cant earn money in stock market by depending on others.

Also one should transact in Stock Market based on their own capabilities for which there is no substitute/alternative. For example: Based on my understanding of my own capabilities, I believe I can never transact like Chemcho does. Does that mean Chemcho is wrong or Does that mean I am wrong? I believe both may be right....as long as we are able to capitalize on our own capabilities. I am sure there will be may things which I can do in stock market based on my 20 years experience which Chemcho may not be able to do and I believe vice-versa is also true.

So suggest not to continue begging others for help or criticize others but utilize what ever information is available on the forum for your benefit and move on.

Today I am 69 years ,
and used to go to BSE with my father at the age of 14 years , in May school vacation
i hope you are not aware trading in BSE was done by using figers
stated trading on my name at the age of 18
chemco is just my name on this site , since 2010
best of luck

Appreciate your everything including visits to stock exchange and probably transact side by side with biggest bulls of BSE.

Ignore me, I am just 13 years old with 20 years direct investing experience with no visits to stock exchanges. Poor me, my experience and skills are absolutely useless as I have not even seen any stock exchange from inside.

Guys trust yourself and no-one.

Remember each and every person on this forum is here to earn money. They may not acknowledge but they gain something from the forum that is why they are here.

So, Sunte raho sabki par karo sirf apne man ki nahi to doob jaoge.

This message mistakenly appearing as independent message. Pls ignore

BUY RS 600 STOP LOSS 585

Some times my graph for new IPO may not work
hence those call only follow with strict stop loss
or else you loose money
hence you follow your financial advisor
no need to take my advise ,
and not make comments if you donot understand stock market
stock market is not for week hands

Thought only Septa is missing, everyone else on/off still there.

Fools in the forum????? Smells arr word.

Applied 3 applications through Kotak Bank,
shares are not alloted and Lien not released in any application till now. What to do

@594.8 CHEM CHO...
Very true......
Correct prediction about this share earlier..
Greedy investors always wants more & more if this Ipo already give u Double return then what are u waiting for....
CHEM CHO is always good trader I have seen him since long...keep posting ...thanks...

Thanks

What is the reason for the fall in Chemcon? What exactly happened? What to do next? These are some of the questions facing many today. Let me answer based on the info I can give.

Let us see the fundamentals for Chemicon. Its EPS was 15.37 in FY20. For FY 21, expected EPS should be around 18 to 19 considering the expansion plans it has and growth rate.it has. Peers have PE ratio ranging from 30 to 55. Now if we take the mid PE ratio of 40 for Chemcon, it should be trading around 760 based on FY21 EPS of 19.

If we take the lower range of 30 PE ratio, it should be around 570.

So Chemcon ideal price should be between 570 to 760 due to the PE ratio variation and how investors sentiments vary. Now what happened today?
Price discovery was around 731 and so the game started but due to some big investor dumping shares at lower price, retail panicked and started selling and so the LC was hit finally as the retail and others who got shares at 340 were still making decent gains.

Now what next? We now know that the decent price for Chemcon is 570 and so stock is close to that price. However many Funds would be interested to buy this at price close to 40 as FY 22 EPS can be much better due to volume increase and so if the EPS is around 25 ( considering 30% increase in profits), Stock will quote around 1000 atleast which is close to doubling from current levels and if the sentiment improves and profitability increased further, stock can quote 1250 to 1500 levels on expanded PE ratio as this is unique player in many ways and Pharma demand is going to increase as well.

So regarding Promoters case and all, it is only to grab the shares as this info was available earlier as well.

Final View : No need to panic. Company is good and profit making one and established since more than 30 Years. Very good demand for products and good client base.

Investors to accumulate any stock next week if it falls further and wait for the rise. Stock worst case price should be 550 and not lower than that .
Disclosure: I am invested in Chemcon and please due your due diligence before investing..

Thanks for your time. A good analysis and insight as well.

Chemcon MD Kamal Kumar has given interview for Zee Business and according to him PAT to grow 100% in 2 years. Oil wells business also has started picking up which will be an added advantage. PAT of around 35 in 2 years and with PE Of 40, stock can move to 1400 levels and minimum PE of 30 also it should be around 1000. Those investing for short term can also reap benefit in short term as very soon stock will cross 700 to 750 as big MF will start analysis and invest in next week.

The Chemcon company is the only manufacturer of HMDS (hexamethyldisilazane) in India and third largest manufacturer worldwide. Besides, it was the only manufacturer of zinc bromide and the largest manufacturer of calcium bromide in India as of 2019 volume

@economictimes

Hi, I got allotment of 44 shares but it's not credited into my Sharekhan Account. I've applied it through ICICI Bank's online investment channel. Can anyone please suggest what can be the reason and what I should do. Thanks in advance.

The sharp downfall in share price of chemcon speciality chemical stock was the result of investor's greed for listing gain only.It has not related with any name like Goyal.Fresh buying will be at Rs 550/-and in near term it may rebound and Rs 1000/- levelin three to six months.

@rsk, why do u give wrong information?. verified,Directors of both companies r different. it will definitely bounce back, wait & watch

I said promoters, Please See RHP/DRHP pages 181/182. Naresh Goyal has been convicted so cant be a promoter, so his SSLC son and wife are promotors of Chemcon.
Good Luck to you. some extract of RHP prioduced below. (OSL is overseas Synt)

The Promoters, Kamalkumar Rajendra Aggarwal, Shubharangana Goyal and Navdeep Naresh Goyal and certain members of
the Promoter Group, namely, Naresh Vijaykumar Goyal and Minal Kamal Aggarwal (“OSL PG Shareholders”) had entered
into a share purchase agreement dated June 24, 2019 (the “OSL SPA”) with certain shareholders of OSL (the “OSL
Acquirers”) for the sale of their collective shareholding of 20.37% of the share capital of OSL to the OSL Acquirers. Upon
completion of the open offer and subsequent transfer of their collective shareholding in compliance with the Takeover
Regulations and consequently upon receipt of a letter dated January 20, 2020 from the OSL PG Shareholders, OSL has intimated
BSE Limited on January 21, 2020 of the request of the OSL PG Shareholders to be de-classified as promoters of OSL. Thereafter,
at its meeting held on July 30, 2020, the board of directors of OSL have passed a resolution for re-classification of the OSL PG
Shareholders, subject to ratification by the shareholders of OSL.
Our Company confirms that the permanent account numbers, bank account numbers

Navdeep Naresh Goyal is the Deputy Managing Director of our Company. He has obtained a passing certificate
for completion of his higher secondary examinations from the Gujarat Secondary & Higher Secondary Education
Board, Gandhinagar. He is currently associated with SILPL in the capacity of director (operations).

Of Course some ppl will use Gates/Jobs analogy to justify.

Sold alloted 44 shares "At the top" 730.95/- again sold 100 more shares with the average of 689/- & covered @ 587/-, Now planning to enter again @ 550 to 560 for long term, this will be a multibagger in near furture, at least aiming the target of 1100/-

@587 aniketiaf

Excellent prediction yesterday still sell only 1 alloted lot at 731 ..one still have in d mat a/c do not predict what would going to happen tomorrow...

Common man view,
First time about 5-6 month before I heard that a company naming Chemcon is coming with it's IPO. That time I thought, a 5000 rupees profit per lot will be very good from it.
But now due to good pricing, better scenario for chemical company, better subscription figure and current GMP indicates that a much better listing day gain is on the way.
Hence I will keep about 5000 rupees share per lot for a very long period and leftover I will sell tomorrow.

Thanks.

Your thought was very correct. Really it is a 5000 rupees listing gain condidate. In fact, as you mentioned, some factors acted in its favour while listing but now it is on the path of 5000 rupees profit.

I think both are wrong
Bcz

Please compare the pharma companies today and 6months back

After comparison it will (profit per one lot) 20-25k
But not 5k

Did not get allotment but got good entry price. Bought 80 @ 590. Holding for short term till Diwali. :D

Diwali se pehle diwala na nikak jaye.....

Let's see. I feel the trend will reverse. :-) Chemcon will again show us 700 if not more. Difficult to predict but I see limited downside unless there is some gross corporate governance issue in the company.

Very disappointed with ipo action after listing ....not good as happiest and route were.....Is something wrong in company or any other reason because of which buying is not coming ... please tell