I applied for the this IPO on 21st August and forgot to check the GMP today. What are the odds of getting allotment? And how much low it can get on listing day?
64.1. Logij Kumar| Link| Bookmark|
August 23, 2023 12:52:30 AM
Top Contributor (300+ Posts, 100+ Likes)
No one is astronomer here. Chance of getting it- 25-30% Listing may be discounted- upto 20% Correction- upto 40%. Again these are estimations only. DD gave apply rating. In SME anything can be possible even postive listing or run up of script without fundamentals. Did not apply here. But would be watching it for educational purpose. I may be wrong so don't take it seriously. I wish you for healthy listing and would be happy if you make gain.
Just for clarification @Anil Mwt If you applied 5 lots and total subscription is 4.26 times, then your confirmed lot is 1 only right as this is a fixed price issue.
Why negative GMP? What is real bad in this company?? There are many Fraud type companies with fudge balance sheet & just on paper type, but even they did not have such negative GMP.. Even they list with blast...
So please tell what I missed ? It looks like company is not new... and fundamentals are also not that bad looking...
please reply fast
60.1. CoolAsh| Link| Bookmark|
August 22, 2023 3:20:31 PM
Top Contributor (500+ Posts, 100+ Likes)
This is the issue with SME IPOs. I think no QIB here is the issue, IMO
I applied in this issue through IDFC Asba and thereafter withdrew the application. Recrived mail from BSE too.IDFC order book status shows application rejected, but lien ilis marked in the account. Will it be removed before issue close or will it be considered during allotment ?
@Manup Yes, I had criticised on the matter of yasons .. just check it. My valuable input is yasons is not a wealth destroyer like LIC & PACE. Yasons reached its allotment price after listing -20% .. did pace reached its alloted price, did LIC touched it's allotted price. My valuable input is that I am saying the truth that yasons is at present not a wealth destroyer. Don't put wrong information regarding yasons. You all taking SME as a ONE DAY GAME. stock market is not a one day game. You cannot add value in a single day in a stock. Yup gamblers can speculators can .. 😂
@Manup On what's basis did you get 2 likes .. what's such a valuable content in your post .. "Don't criticize every time Put some valuable inputs from your side also." .. No any information regarding price movement of stocks .. No any dissection of company history .. Is yason a wealth destroyer or not ..?? Nothing important in your comment and you got two likes .. I understood your game .. write a comment from original account and add likes from fake accounts. This structure of original and fake account made you contributor .. true or not .. ??
53.3. Manup| Link| Bookmark|
August 21, 2023 9:49:40 PM
Top Contributor (400+ Posts, 200+ Likes)
@ Raju chivda 😊😊 Pitty on you
53.4. Rajesh s.| Link| Bookmark|
August 22, 2023 7:14:39 AM
IPO Mentor (500+ Posts, 600+ Likes)
@Small Investor I have huge quantities in bright solar. Not sure if the company is genuine or not. The notifications, they have given few months ago were promising, but I don’t see any visibility afterwards. Rights issue was successful, but who invested, we have no update on that part. Let’s see until September results before any decision to stay or exit. Thanks
51.2. CoolAsh| Link| Bookmark|
August 21, 2023 7:55:28 PM
Top Contributor (500+ Posts, 100+ Likes)
@MRavichandran Sir, what are your views on Crop Life Science?
I have already applied a HNI application on this. How can I cancel it? If I apply another retail against the same PAN, will it make both disqualify? Please advise.
49.1. Aaashish| Link| Bookmark|
August 22, 2023 8:56:28 AM
Top Contributor (200+ Posts, 100+ Likes)
Yasons got listed -20% on listing day .. On listing day closing was -15% .. Means 40 alloted .. 32 listing .. 34-35 listing closing .. than 36 .. 38 .. 40 .. and 52 week high 41.75 which is more than allotment price .. It gave the chance to exit above ipo price .. is it true or not .. Correct me if I'm wrong.Yasons at present 36/- .. just -12,000/- loss is not considered as a wealth destruction buddy .. 🤣
@Raju Hiralal Chavda Like you have yourself mentioned yason's roller coaster ride, what @Arjun Rajkot meant is that SMEs are not for the weak of heart
@Arjun Rajkot@ultrasnow Weak Hearted should invest in Nifty 50 / A _ Group Scrips. Lemme Clear those who apply in SME are brave heart (🦁 Lion 🦁) Only. So some people should stop crying 😭 regarding yasons. In SME IPO -20% to +20% is normal. SME sometimes are not traded for a long time. Some scrips of SME last traded a month ago. So SME is not like as liquid as A _ Group or any other normal scrips that you go and so on platform. Sometimes there are no buyers for months.