All new SME listings are kept in 5% circuit limit for some days. So, to get 40K returns, we will have to wait for 6-7 sessions [that too, if the share closes in upper 5% circuit every day]
41.3. MAMU| Link| Bookmark|
May 7, 2018 4:49:06 PM
IPO Guru (1600+ Posts, 1100+ Likes)
Vishnubhai norms has been changed. In preopen if price match will be double then even in a single day one can get double benifit. 5%circiut will doesnt matter.
I don't think it's worth more than applying 1 lot.. LM plays the most crucial part in any SME. And this LM is pretty new. Better to play safe and avoid. But my gut feel says this IPO will be Oversubscribed decently (approx 8X-10X minimum) as LM seems to have good clients which are already listed like Lexus and Maheshwari (as per the website).
If that happens until 2PM then feel free to apply as Listing then should also be positive with 5%-7% listing gain min. IMO.
Take risk only if you've surplus cash else better to watch! :)
Don't wanna take risk as this is maiden offering from L. M. First day subscription is nice, but burnt my hands in sarveshwar with new L. M. So I am avoiding.
22.3. COMMONMAN| Link| Bookmark|
May 5, 2018 11:35:25 AM
Top Contributor (200+ Posts, 200+ Likes)
It is Better To Keep 1 Lot for Buying at Lower Circuit Prise , Rather Then Jumping For Applying Ipo, Might be possible Hni Will Rush To sell On listing. At The most It will Go 10% Up .. Looking At Ipo Prise Of 57, Downside Risk is More Then Upside.