Dear @Lokes sir Welcome back. ITCONs & Resgen - which one to apply or both ? Any chance for negative listing? Please guide.
43.1. lokes| Link| Bookmark|
March 1, 2023 12:39:30 PM
IPO Guru (4300+ Posts, 5100+ Likes)
i will apply mainly in itcons, not sure about resgen now....itcons looking better than resgen.... yes negative listing may be possible but slightly only, not much, be watchful for QIB subscriptions in resgen, if that is above 5X final then it may not list negative. One thing also to be noted that money applied in these ipo's cant be used in next two ipos systango and vertexplus , can be used in mcon rasayan....
43.2. ipo share| Link| Bookmark|
March 1, 2023 5:03:48 PM
IPO Guru (1500+ Posts, 700+ Likes)
@lokes Welcome back Sir. Getting your guidance after a long break. Thanks π
It is good. IMO in sme ipo their should be 20% gain circuit and 10 % loss circuit for listing. Means maximum gain should be 20% on listing day. 20000 gain in 6 days is very good
Issue hardly getting subscribed by making arrangements in grey, financial seems cooked , no value in business, everyone rushing to get sky high valuation ... Bigg Avoid
40. Romy HNI| Link| Bookmark|
March 1, 2023 10:24:27 AM
IPO Mentor (500+ Posts, 400+ Likes)
SME IPOs with GMP below 10% are not at all advised now a days...
39. ipo share| Link| Bookmark|
February 28, 2023 9:11:09 PM
IPO Guru (1500+ Posts, 700+ Likes)
Under the current market condition, low gmp doesn't give required confidence. Less than 10% GMP can evaporate any time.
38. KING VINOD| Link| Bookmark|
February 28, 2023 6:56:48 PM
IPO Guru (2400+ Posts, 5300+ Likes)
ITCONS E-Solutions Ltd ipo GMP 4 @ 7:00pm # 28 FEB. Very very low volumes
The Indong IPO has seriously dented the reputation of this combination of LM - Finshore and Market Maker - Nikunj. Why on earth would you sell the allotted shares, when the allotment price was 26 at 20.75 on the 1st day of listing? This is Nikunj Broker. SME IPO's need to be better regulated in the interest of the investors. I havent seen any enquiry been posted to any of the company for unusual price movement.
35. Romy HNI| Link| Bookmark|
February 28, 2023 11:38:46 AM
IPO Mentor (500+ Posts, 400+ Likes)
33.1. ipo share| Link| Bookmark|
February 26, 2023 11:24:08 PM
IPO Guru (1500+ Posts, 700+ Likes)
@SSingh I think, financials performance of ITCONS is much better as compared to indong Tea. It has a very good clientage. Indong had stagnant growth and huge borrowings also. It is also important to note that the same combination of MM and LM brought Arham Technologies and Ambo Agritech, which gave very good returns on listing. Dilip Sir has also given Apply recommendation. I feel that ding-dong performance of Indong was more to do with its poor fundamentals. But definitely, absence of GMP and better choices of SMEs during same period may not augur well for ITCONS.
33.2. SSingh| Link| Bookmark|
February 27, 2023 4:25:38 AM
IPO Guru (1400+ Posts, 800+ Likes)
@IPO Share Agree with you. This could have been an apply candidate with a few retail apps if no IPos opening at the same time. But, itβs not the case. We have better opportunities than this. Moreover, LMβs recent disaster performance is also a big issue. Hence I am avoiding. ππ»ππ»
Every coin has 2 side. In my view, Company matter more than the LM. There are many companies, whose IPO was managed by same LM and performing exceptionally well on listing and pot listing and the current market price has been increased by 900% to 400%
32. IPO LEADER| Link| Bookmark|
February 27, 2023 12:32:30 AM
IPO Mentor (800+ Posts, 400+ Likes)