120. lokes| Link| Bookmark|
December 17, 2021 1:36:55 PM
IPO Guru (4300+ Posts, 5100+ Likes)
Applied in 3 retail applications, anyways very tough chances of allotment in retail here and in HNI, its risky until it gets upto 15 lots means max allocation of 1 lot , i don''t even have money left to apply in HNI here :)
latest year and latest quarter financials are fine and growing, 2020 financials were mainly impacted due to covid as the impact was more in the sector where company operates. Going forward, company should show good growth in revenues and profits as business expansion will happen using ipo money and also the construction sector and other fields/industries, where this company sells its products will grow going forward (considering corona will not impact much in medium/long term).
Well for short term listing and movement after listing for some weeks etc, all these fundamentals/valuations won''t matter and it may move in LC/UC so risk is more here so better think twice to take any risk and apply/avoid as per own risk/thinking (considering the fact, every individuals risk taking capacity is different). I will keep for longer (6 months or more) if allotted without worrying about any short term moves.
I have not seen such kind of subscription when retails oversubscription is much more than other category.
120.3. lokes| Link| Bookmark|
December 17, 2021 2:30:28 PM
IPO Guru (4300+ Posts, 5100+ Likes)
@MRavi sir: i think you could have tried with one 14 lot of HNI application here to get around 1 or little more than 1 lot, since in 1 lot allocation, it won''t be much risk to you, anyways mostly we won''t be allotted in retail, considering 60 times also application wise is too much. Market was already in bad mood this week and its going too much down today which has pour ghee to the rategain fire :) so no idea how long this correction in market will go on, and it will definitely effect all average ipos like today if not recovered or market fall not stop.
@NKJ: ya its weird really to see retail craze here, its mainly due to small size of ipo and 10% retail quota but still no idea from where everyone getting so much of money to apply in this average ipo and that too without any gmp and when there are so many other ipos are available in similar time.
@lokes, yes, its not much risk. But, normally I don''t apply for one lot when i apply HNI. I prefer ''Supriya Life science'' (kept for ''all in'' there as the HNI fund wont come from other IPO, you know which one I mean already).
hence, I just applied in retail for lottery for test my luck and fun.
Thanks
120.7. lokes| Link| Bookmark|
December 17, 2021 2:44:46 PM
IPO Guru (4300+ Posts, 5100+ Likes)
@eklavya: ya sorry i didn''t check that part but i meant for minimum HNI application, usually its 14 so i told but its obvious while applying in HNI, we will check and use minimum lots for HNI :) if i had money left, i could have taken chance here in minimum HNI app. to get 1 lot I increased my retail applications to 4 but still i am sure i wont be allotted anything.
@lokes, Yeah, I skipped it for HNI and Retail both. No money left for HNI application also not sure of demand in market. Very less chances for retail allotment.
120.9. lokes| Link| Bookmark|
December 23, 2021 10:07:24 AM
IPO Guru (4300+ Posts, 5100+ Likes)
As expected, No allotment in all 4 retail applications.