Earthstahl & Alloys Limited IPO Message Board (Page 1)

Will you ever enter again in this & chaman financial sound company?

@SSingh
Have you booked loss? What was your buying price? I am still holding it.
Today it showed promise with around 11% jump but closed in negative. Quite surprising movement.

Intraday possible in SMEs?

Smes me short selling possible hai sir ??

Nopes.

Not just hem ipos....Most of the recently listed ipos are in continous downtrend..

Chaman made new low today

@ipo share, very rightly said. In my opinion, this whole game of GMP is the most misleading one..pulling and pushing the investors out of “expected” quick profit or loss (read.. greed or fear). If this GMP was not there, in my opinion, people would have focused more on fundamentals than the fluctuating sentiments created and managed by few individuals. Then it would have been truly an investment rather than short term speculation. Thus, giving investors sufficient confidence in holding for longer periods.
But then, nothing can be perfect..

You are right,
But strong companies eventually go up in future. You just need to hold it.

Trust Motilal Oswal's punchline...
Buy Right, Sit Tight!!

Strong buying support can be seen today.

Strong support at listing price. The down trend bcs of sellers who were holding it from allotment. I think it will bounce back from 56-57 and may touch 65-70 by this weekend. 2 Month Target 90. Holding tight

Company's market cap is near about 60cr
And in September they did 48cr revenue in just 6 months
You wont find such company in whole market at such a cheap valuations.

Short term players selling in panic. Don’t worry.

Based on the recent trends of IPOs going below their listing price before a bit of bounce, this may go down to close to 50 before bouncing back too. Stay grounded in Earth!

@ Ipoaspire,
Earth is having strong fundamentals and in good sector. I bought 7 lots more today. I can’t predict the price but I am sure, this will do very well in 6-12 months time frame.

SME shares are heavily sold off today due to market weakness. Patience is the key now. Hope all will recover soon.

Thank you @mravichandran sir.hoping for recovery from tomorrow

@MRavi sir, one out of context question. I am holding ambo agritech from its peak, 46 rs. And it is roaming between 32-36 from a significant time now. Fundamentals looks nice and business is good. Can u pls share your thoughts whether to hold it till April for results or what can be done best here..
Need expert's advice.

??

@SMELearner...
You are not only the person at this juncture... most of the retailers generally have similar mindset including me...

-1: If you are just beginner, then avoid pre-open / post listing buys of SME just watch and learn the SME dynamics first before jumping. However you keep applying for all good SME IPOs

-2: If you already experienced retail investor with limited fund, also fact that you mentioned 40-50k profit is significant for you, There is absolutely no wrong in booking profits time to time, Just book profits whenever you feel comfortable (safe guard profit first which is significant for you, amount / some percentage based profit booking which works well with your risk profit).. ultimately realized profit only the profit comes to your wallet..
being a investor with limited fund, one cannot block the fund, the same shall be used again and again in different IPOs / trades. Hence, just book profits and dont look back to the sold script. - Greed control is important in this point number 2.

-3: If you are a sufficiently experienced and have consistent cash flows / huge previous trade profits / huge corpus, then just buy fundamentally sound SME IPOs and forget completely for 4-8 years, where you see lots of capital appreciation and wealth creation, by share value increase, series of bonus shares and splits in case of SMEs (value unlock), in this journey you will see many ups and dips but just leave them aside: Here fear control is required to get succeed.
If you have any doubts on this point-3 just go and check with chittorgarh sme ipo performance from last 10 years, you will realize what is actual wealth creation means..

Beware: when choosing long term holding, your sme company Must be Fundamentally so sound... because you will also see there are numerous number of weak / poor financial companies just disappeared completely post listing

Now you can decide which investing style suits you....
All the best... stay invested...

@SMELearner
@sprint narrated an excellent advise for everyone. Wealth creation in SME's is huge (say 2-3 years time frame mostly) and selection of such stocks is important (we may encounter few stocks may laggard for long time, testing our patience, but reward could be in the matter of one great results...one recent great example is JSLL).

Apply good SME's, stay invested on good fundamental & strong growth stocks. All the best.

Thanks

@Sprint & Mravichandran sir, Well said, Appreciate your efforts.