Indong Tea Company Limited IPO Message Board (Page 3)

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If NII subscription is less than retail, then go by the average subscription which is 4.97 or say 5. In such cases, shares redistribution takes place from NII to retail. On that basis anyone applying 5 lots will get 1 lot. With two lots application, your chance was 40% only and sadly luck didn't favor you.

I applied 5 lots and got only one.

Sanchit jain sir, I am holding all e tech @average of 122 rs. Thinking to keep it for long term. Can i expect good return.

Dear Medha,
In my view, all SME stocks are mainly speculative stocks which are prone to movement by operators as desired by the promoters. Obviously, all promoters would want their stock prices to go up, but to buy back the stocks from the public, they engage in panic selling, etc. Otherwise also, I am not a big fan of IPO companies during the 1st year since real price discovery happens after 2 nd year of listing when the financials stabilize. In 1st year, there are a lot of issue related expenses, window dressing by promoters is toned down, etc. My view would be to average the stock at around 105, if it comes at that level and then finally exit from this stock at right price. You should have exited recently when the stock rallied. These are not portfolio stocks unless you have inside news of the company.