Konstelec Engineers Limited IPO Message Board (Page 2)

Next Bondada engg in making

​@GrayIsTheNewBlack What is your strategy for tomorrow? Any levels below which you'll hold, and above which you'll sell in pre-open? Or will you sell at pre-open anyway?

​@rohiitian , I think we should take call based on supply demand equation tomorrow.
With the current euphoria in the SME IPO's no listing level is high enough to be honest.
Setting GTT little below the listing price could be one way to approach.
In case of LC at 10 am , one would have to sell at Listing price - 5% (loose out on some percentage gain)
In case of UC at 10 am, the position can be carried forward till the circuit breaks with GTT order updated accordingly everyday.

What are you thinking of doing ?

​@GrayIsTheNewBlack I think that's a good strategy. I was looking at comps - Bondada and Skipper based on H1'24 runrates

Bondada - 2.5x sales, 48x PE
Skipper - 2x sales, 40x PE
Konstelec - 0.55x sales, 11.5x PE

Honestly I don't think this stock will stop till it hits Bondada levels of P/Sales or PE, with the 550 Cr order book it has. Momentum can take it even further. If it lists at 250 or below, will hold. 340+, will sell. In between, I'm not sure but will mostly hold.

​@rohiitian 250 means ... 3.5X from IPO PRICE.....

If this happen then congratulations to all allotee.

3.5X means risk reward not favorable to new buyers.
So many new buyers stuck in MAXPOSER.

if listed above 3x , then nothing left for new buyers. It may even come down.
Currently their margin are lower than other EPC players like Vishnusurya which gave multibagger return.

​@Itachi uchhiha Possible - but Vishnusurya is not just in EPC biz, 50% of rev comes from sale of mining aggregates which distorts revenue & PE comps. Closest comp is Bondada - identical biz model, growth and margin profile. If Konstelec has to just match Bondada metrics, it can 4x and anything lesser could leave something on table for new buyers.

Badhai ho Bhai Tate tech jese listing gain SMe mai.. ☺️

​@Mr. Agrawal , yaad mat dilao yaar Tata Tech ki ...
Royal kata tha Tata Tech me

​@GrayIsTheNewBlack what are you doing with your lot? I'm holding - it's hit a weak UC for now after huge volumes have exchanged hands, so looks like a sign of strength

​@rohiitian , I exited at 220.5
The UC isn't looking strong enough for my liking.
Also - today most of the SME's are not sustaining UC's
LawSikho gone, Euphoria IT gone, even Qualitech which had excellent listing is sitting on LC.
I'm deciding completely from sentiment point of view, fundamentally it could well be a good hold.

​@GrayIsTheNewBlack Fair enough. Have also exited for same reason just now at 220.5. It's a superb biz, but I will rather rotate the capital in tomorrows IPOs - 3L is great profit.

​@rohiitian How will you rotate money, the lot sold today can be withdrawn tomorrow into bank and it will credit by tomorrow eod or on 1st

​@GrayIsTheNewBlack Great decision to sell at 215% profit... These days mansi is buying at pre open and dumping the same next couple of days, same happen in swan agro and ibl finance.. This is overheated now, valuation also not cheap post listing. Great decision by looking at weak UC

Bulk deal in KONSTELEC:

1. SAURABH TRIPATHI (MD of Boston consulting group) bought 1,14,000 shares at 213.60 (It seems to me that strong hand entered in the stock)
2.MANSI SHARE AND STOCK ADVISORS PVT LTD bought 1,98,000 shares at 220.50

Source: https://www.nseindia.com/get-quotes/equity?symbol=KONSTELEC

​@rohiitian , this seems to have become a consensus buy as of now.
And from whatever little I have experienced in the market over last 10 years consensus buys usually don't perform as expected.
This is my opinion, lets see how it turns out to be.

Yup I applied through asba, got a message from registrar saying I was allotted one lot but money yet to be deducted and balance amount is yet to be unblocked

Yes
Still blocked for both UPI and Net banking ASBA.
Konstelec and Lawsikho dono ka

Did your amount get unblocked? Mine is still blocked by UPI, how do I resolve this?!

​@vikas bisoi It will be unblocked today
🙏

​@IPOAK Same here, it will get unblocked on Monday, i guess..

​@IPOAK Refund initiation date is 29 Jan, so unblock will happen on Monday. Why do you see this as an issue?

Historically, in other IPOs, amount gets unblocked immediately once allocation is finalised. E.g. for lawsikho, which announced allocation at the same time as konstalec, unblocked amount on Thursday itself.

​@IPOAKIn UPI mode amount might get unblocked early, maybe the same day as allocation, but in ASBA mode it is generally unblocked the next working day. For this IPO it is 29th Jan...

Hope this is clear..

​@DSGROW Preopen starts at 9 A.M. to 9:45 A.M...but place your order well before 9:42 A.M.
You do not need any other platform, just your normal trading app or website.

Do not have Icicidirect, so cannot comment on timing there..

Congratulations. All the best.

​@rohiitian , Congratulations Brother 🎉
Hope this compensates Qualitech non-allotment !

I too got one lot 😄

​@GrayIsTheNewBlack Yes more than compensates 😁 Glad you also got, congrats!

Luck works in mysterious ways - looks like missing out on Qualitek was the prerequisite for Konstelec 😅

Congratulations bhai..
Finally Non Allotment ka streak break hua

Congratulations @rohiitian 
Happy for you

​@rohiitian  and @GrayIsTheNewBlack Congrats bhai log..enjoy the profit..

Congratulations @rohiitian !

​@GrayIsTheNewBlack @rohitian congratulations for getting allotment to both and all who got allotment. This time no allo9in any sme inspite of all 10 lot applications but got 3/10 in epack.

Congratulations 🎉 and all the best

Wishes delivered compensation.

Congratulations brother

​@MuStrFc , I remember you wishing me yesterday :)
Thanks a lot for you wishes buddy 🙏