A very unique SME this time, INNOVATUS. From all big HNIs no comment at all , whether to apply or not. No news from their side whether they applied or not. If they applied then how many lots and how many applications. Only comment, sell and apply. Never seen such a big SILENCE in past. May be the reason of 31st July. Hope all well.
45. SONMAYA| Link| Bookmark|
July 27, 2023 6:35:59 PM
IPO Guru (1300+ Posts, 500+ Likes)
breaking news T-3 listing process Physical forms will close in three days Mandatory UPI or online application will be considered by SEBI in final form ⚡⚡ 🚨🚨 If you are not using UPI, prepare now and start UPI or net banking facility in all names so that there is no inconvenience.
As i already mentioned Innovatus Entertainment Sell and Apply. All applications under sub2 were applied and sold by me. Not even one application is open.
41.1. PLAZA| Link| Bookmark|
July 27, 2023 8:02:59 PM
IPO Guru (1700+ Posts, 1100+ Likes)
Looking at the current subscription, this stock may list good but this company isnt fundamentally sound. Those applying must consider it's not a long term stock. Better sell on listing day if applied. Not to go for pre open purchase. I'm not applying here.
Skipping Totally. This may not list in discount. Small size IPO is an advantage. But Promotor n LM have a poor history. Better options in pipeline. Subscription figures have though surprised me. Janta sirf GMP hi dekhti hai in SME. Proved.
34.1. sbipo| Link| Bookmark|
July 27, 2023 12:30:05 PM
Top Contributor (400+ Posts, 100+ Likes)
@Justakearner, Actually retail ka koi kasoor nhi hai,they don't know how to trade/invest/apply in ipo like a business,they want quick money without going inti the detail & so they don't have proper RM & PS, Thanks buddy Disclaimer: Skipping totally
Due to small issue size and high gmp, most probably it will list positive. So, I don’t think there is nothing bad in applying when we know there are listing gains. We are here to make money. Fundamentals work in long term. Retailer zyada smart hai, listing par paisa bana kar nikal jata hai
33. SSingh| Link| Bookmark|
July 27, 2023 11:19:28 AM
IPO Guru (1400+ Posts, 800+ Likes)
Skipping. LM's past record is enough to take this final call. Avoid and save your capital. Cheers.
33.1. Mr. Singh| Link| Bookmark|
July 27, 2023 11:40:24 AM
IPO Mentor (600+ Posts, 400+ Likes)
Irrespective of every odds, the investors are blindly applying. Already crossed 50x. These all figures cannot be of sub2 applications. As far as the promoter of this company who has also promoted Maagh Adv., here investors have not taken this fact into consideration. Maagh was only subscribed by retailers 0.31%, where as this has already been subscribed 50x. Maagh listing was 62.30 against a issue price of 60.00 and closed at 65.40. So, listed and closed both positive. No doubt today it is 50%. All this is possible in Market. Tomorrow likely to cross 80x and may touch 100x. Listing, any thing can happen. Small size issue. So, this subscription figures are not so great. Any big result is expected on the day of listing. Not many members are going to get allotment due to issue size. All my way of thinking. My discussion is not in favor or invitation to subscribe this SME. I have already told this is risky and AVOID for me. Members are well aware of the facts. Many members are there who believe in taking risk. They are going to take risk also. That's why, they are big ones.
@Raghu Shende Sell and Apply was the Best Option in this Innovatus Entertainment IPO as per my Knowledge. I already Applied and sold my all applied Applications at SUB2.
30. AMIT IND| Link| Bookmark|
July 26, 2023 9:27:03 PM
Top Contributor (500+ Posts, 100+ Likes)
All are riding the wave. Though fundamentals are weak still subscription is too too high, FOMO factor is high. When greed is high other factors are sub duded. Here everybody is looking at each other & applying.