Certainly you need to have a demat account (with any DP, not necessarily UBI) and then provide the demat details while applying for ipo in their ASBA section.
Market is in showing strength which I suppose is in lieu of good monsoon and gst impact. Agriculture industry shall outperform markets now and it''s right time to buy shares of company like mbapl even after listing
IT IS HEM SECURITIES ISSUE . DO REMEMBER HEM SECURITEES SME ARE NOT THAT GOOD
PLEASE CHECK PAST PERFORMANCE OF ITS SME
LOYAL EQUIPMENT- IT WAS TOLD THAT THIS ONE IS AT 5 P/E VS INDUSTRY AVERAGE OF 35. IT NEVER WENT ABOVE ISSUE AND STILL NO BUYERS EVEN AT ITS ISSUE PRICE
ADVANCE SYNTEX- APPLY- ISSUES AT 7P/E WHICH IS JUSTIFIED. NO BUYERS. ISSUED AT 12 RS NOW AT 11 RS.
SAME WITH MANY OTHER HEM SECURITIES ISSUE
THEY EITHER CAN''T SUSTAIN PRICE OR WONT GO ABOVE ISSUE PRICE.
HAVE BOYCOTTED ALL HEM SECURITIES SME LONG BACK AS THEY DO NOT HAVE GOOD MANAGEMENT AND ARE ACTUAL SELLERS OF THEIR OWN SME
The performance of an IPO is dependent on pricing rather than Merchant Banker. The same Merchant Banker may have priced its earlier issues aggressively but this issue has been reasonably priced and one could expect listing gain of around 25%. If the company post good result in September (SME Companies have to post their result half yearly as per listing agreement), It can double the investor money in 6 months.
Likely to list atleast with 8-9 rupees gain around 35. one cannot sell it by any online trading account as BSE SME trading is not given by any broker online. But offline call n trade we can use to place orders through brokers.
TO TRADE SME shares allotted go to the brokers website and check their toll free number customer care and call them and give the trading account details and after they verify the holding of SME stock they will place orders offline. Sharekhan has now provided online trading for SME. Shiva granito is being permitted to be placed online by sharekhan.