This is pure lottery system. even one got 0/50 or even 1/1. applied in ipo many times earlier from last 10 yr .got allotment even when 20 times subscribe and nil allotment even if 2 times subscribe. Accept this truth..
Dilip buildcon went up today by Rs 17 under the expectation that new entrant hg infra will list at a premium tomorrow. Most probably market will remain positive tomorrow also. In such scenario it looks Hg infra may list at a premium of around 5% ie around Rs 10 to 15. To my understanding hg infra may grow on continously basis in the long term and has the potential to become another multibagger However people who are short of money may exit on listing. One of my friend invested few lacs in Nilkamal, Canfin homes and Gruh finance few years back. Current value of his shares in the three companies is in multiple of 10 lacs. So to become rich one has to give time to his shares to grow. Good companies grow against all odds like election etc. They may go down during fall of market but picks up faster than other company shares and outperform sensex in the long term.
Many of my friends have same position. Really goog . Main question is where the allotment? Something is cooking inside it as retails have very low allotment compared to probability.
Absolutely true. There is some goof up happening in allotment. If match fixing can happen then in cricket then it can happen in allotment as well.
I send email to Linktime for allotment procedure used to allot Galaxy Surfactanants IPO.
Initially they said my application is rejected as they choose lottery system that every 25 applications out of 197 will get shares. Then I told them I got 1 lot out of 13.
In retail segment Galaxy was subscriber 6 times approx.
When they choose 25 out of 197 applications then are making proportion of 1 to 1.
For example if 600 applications are received for 100 shares only 100 are selected on lottery basis. Then those 100 applications should get full allotment. If somebody has applied for 10 lots then he should get 10 and not 1.
Hope what I am talking is making sense.
I will suggest all of you email to ipo.helpdesk@linktime.co.in asking basis of allotment for Hg Infra. We got to take this to CNBC AAWAZ to find out goof up
Its all lottery process and luck and nothing else.There is no guaranty in RII quota.For sureshot assurance apply in NII quota. Link in Time is best registrar in allotment process comparing with karvy , alankit and bigshare
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March 8, 2018 2:40:27 PM
IPO Guru (1800+ Posts, 10200+ Likes)
"08 March 18"
"Woman''s Day"...???
A single day dedicated to women? But a woman dedicates every day of life !!!
Cost of funding especially for infra companies is likely to go up causing a dent in their margin. With election year blues this is not the time for holding Infra companies from IPO.
Exit with profit if you can, otherwise your money is expected to be stuck in this stock for quite some time. Do not expect any significant gains in mid term. This is just IMO. take your own call based on your liquidity condition and risk profile.
Dilip buildcon has moved up by Rs 11 probably under expectation of listing of hg infra at higher price tomorrow. Forget about negative gmp being provided by various sites. These sites had predicted negative or negligible gmp for HDFC Life and Galax surfactants also. I have seen the site Chankyanipothi. It always starts with high gmp and makes it almost zero around the listing date. Also they always fail to predict future of good companies.
Our luck is working. Market has bounced back as expected. All the best for HG INFRA listing tomorrow. But please don''t sell your shares in panic. It''s a good company with strong potential for upward movement.