24.1. rohiitian| Link| Bookmark|
January 3, 2024 9:38:15 AM
IPO Mentor (800+ Posts, 500+ Likes)
@Mr pkn Have sold 1 lot, holding other 2 lots. Keep tracking volumes. ~1/3rd of IPO allotted shares to retail / NII have been traded so far. People are booking unexpected profit, it will probably do 1-2 more LCs to clear out those people, before turning around, but you'll need show some patience. Ultimately market is king.
I am also holding the allotted 2 lots. Fundamentally the company looks good. Was expecting a UC today after the fantastic listing.
24.5. rohiitian| Link| Bookmark|
January 4, 2024 9:09:24 AM
IPO Mentor (800+ Posts, 500+ Likes)
Barely any volume traded today. I don't see a quick closure of LC until it gets closer to listing price it seems - best to forget for a few days. Fundamentals are good, in my opinion, it will bounce back.
24.6. rohiitian| Link| Bookmark|
January 4, 2024 9:10:07 AM
IPO Mentor (800+ Posts, 500+ Likes)
Sorry I mean IPO price
24.7. rohiitian| Link| Bookmark|
January 5, 2024 8:28:49 AM
IPO Mentor (800+ Posts, 500+ Likes)
@Mr pkn Looks like it broke out of LC earlier than expected (even touched UC briefly). I'm selling 1 more lot, and keeping 1 because overall profit is decent for me. You can take a call accordingly.
23. Dr.strange| Link| Bookmark|
January 3, 2024 8:51:59 AM
Top Contributor (200+ Posts, 100+ Likes)
Great start of 2024..! Took risk and applied Manoj ceramic with 0 gmp 1st SME IPO allotted in 2 years (started with prevest denpro) , and handsomely rewarded
More than happy ,sold @82 in pre open Better gain than HRH and Akanksha
Studying fundamentals and applying even if there is no GMP is always rewarding. First in electroforce and now in MCPL - listing pop of 32%. Congratulations to everyone who applied and got allotted.
I have exited 1 lot in pre-open and will keep 1 for long term.
Jai Siya Ram
21. rohiitian| Link| Bookmark|
January 3, 2024 8:46:54 AM
IPO Mentor (800+ Posts, 500+ Likes)
82 listing price (+32%).
Bumper listing ho gaya, with hardly any subscriptions. Good call to focus on this - will make as much money with 3 lots here, as with 1 lot of Balaji, but with 100% allotment with 1/40th capital :)
@IPO APPLIER Personally think the company is too cheaply valued at IPO price, and has lot of room in short term, but will take a final call based on exact listing price, and price action on day 1 (whether it hits UC or LC or sideways), and buying volumes. Will review again closer to the listing.
@GJ 😀@lokes@GrayIsTheNewBlack @cb and other senior members. Allotment in HNI category will be as per subscription of 7.28 or as per total average subscription of 9.00 ?
@Karam , This being a fixed price IPO and Retail is more than HNI, share movement will happen from HNI to Retail and average subscription will be 9x in both category before technical rejections.
Applied one Retail. Subscription did not climb so ditching plan to apply one HNI app. @lokes how many retail you applied (asking just for sake of companion)
Yes @Basuvr , took a risk, will get 3 lots looks like. But comfortable with the fundamentals of the biz, barring the debt.
I've regretted sticking to 1 lot, and not going for multiple lots in low subscription IPOs with decent fundamentals (eg. Electro, Shree OSFM), let's see what this brings.