There is definitely something wrong with the way Markolines listed. It wasn''t supposed to be listed on discount that too 23%. You can see SBL Infratech that listed today listed at 17% premium without any fundamentals. That''s why SME IPOs are unpredictable. Markolines will take around 2 weeks to give a profit of 20k-30k which is nothing in SME IPOs. Lets see what happens in Markolines. According to me its FY 21 Revenue was 157crores so it should definitely trade at the double of its FY 21 Revenues which 314 Crores. So please don''t sell until it doubles from 78 to 156. As whenever an IPO is allotted don''t sell it for lesser gains be as its difficult to get allotment of good IPOs.
2 times subscription in 40 Cr SME is good, When there are many IPOs and people have applied multiple lots in prevest and planning for Paras. Lets see how it fairs on floor. I applied 1 lot in retai in morning.
64.2. lokes| Link| Bookmark|
September 20, 2021 3:01:41 PM
IPO Guru (4300+ Posts, 5100+ Likes)
@mintindian: yes. Many have blocked money in prevest ipo and so this one doesnt got great subscription. Also people can use prevest ipo money in paras ipo also on last day but this markoline ipo money cant be used in paras ipo so this one got less subscription. But i feel it wont go much down on/after listing so people can apply for 1 lot in retail and keep holding also after allotment
@lokes, agree with your reasoning. also secondary market fall yesterday and today did not help the subscription as people would have thought of buying in secondary market.
0/1 in retail, as usual. Ha ha. Ab to routine ho gayi hai apply, block, no allotment, unblock.
64.6. lokes| Link| Bookmark|
September 23, 2021 5:08:51 PM
IPO Guru (4300+ Posts, 5100+ Likes)
@MRavi: i got 1 lot allotment from two retail applications..... ya lets hope for some profit atleast.... prevest denpro was big dis-appointment since that is going to double soon and may be much more later on....
@lokes it will be very tough to get out of this stock. No liquidity at all. If you see the volumes till now only 19 lots have been traded. Seems like no one wants to buy this. People might see lots of Lower circuits before they can actually sell this stuff. :(
@lokes, its not that bad to go this much down. I see its by operators trick to catch from weak hands. if you can hold this for a month, I can say it will give good returns (not like a BEW or Prevest), but at least more than bank interest for sure. my opinion only
Thanks
64.15. lokes| Link| Bookmark|
October 4, 2021 5:53:14 PM
IPO Guru (4300+ Posts, 5100+ Likes)
there was sudden surge in volumes today in markolines during end of day....total volumes today is 12.6 lakh which is huge and there was some price upmove also then came down....any idea for this volume? any block deals ?
Lokesh : Bulk deal happening it seems . It will be update tmr . Also I observed few minutes with different interval . They moving the shares within their know entity . Fraction of seconds they will come and go with huge qty .
64.17. lokes| Link| Bookmark|
October 4, 2021 8:12:58 PM
IPO Guru (4300+ Posts, 5100+ Likes)
04/10/2021 543364 MTCL KISHORMAL AMRITLAL VYAS B 140,800 64.00 04/10/2021 543364 MTCL SHIV PARVATI LEASING PVT LTD B 116,800 65.00 04/10/2021 543364 MTCL SHERWOOD SECURITIES PVT LTD B 118,400 65.10 04/10/2021 543364 MTCL ZYANA STOCKS AND COMMODITIES B 352,000 64.30 04/10/2021 543364 MTCL BHAVESH MANSUKHLAL NANDANI B 99,200 64.00
out of 8 bulk deals . 7 deals are in bought mode . Today I bought one more lot @ 64 . Profit made in Dudigital and Prevest . some how managing this risk .
64.19. lokes| Link| Bookmark|
October 4, 2021 9:16:47 PM
IPO Guru (4300+ Posts, 5100+ Likes)
@BLR: i am seeing only above 5 deals in bse page. https://www.bseindia.com/markets/equity/eqreports/bulk_deals.aspx From where you have seen 8 deals? you sold prevest or still holding? i was not allotted in that. During du digital time, i was not into sme ipo''s.
@Lokesh : Today 5 + earlier 3 = 8 . Prevest still holding . That is the reason I taken risk and bought one more lot today @ 64 .
64.21. lokes| Link| Bookmark|
October 5, 2021 3:36:07 PM
IPO Guru (4300+ Posts, 5100+ Likes)
@BLR: seems you took right decision to buy one more lot at 64.....it closed in UC today... due to large issue size (higher tradable lots). this company share is not performing so well else it could be well above issue price by now.
@Lokes : Few big players want to accumulate this script within the below issue price to absorb maximum shares from retailrs . Dicided to play within the range between 65 to 75. Bought one lot . If price comes to 71 to 75 . I will sell it . Noramlly I will not do average in sme stocks . It is risky one . This counter is not yet dried . Lot of movement is going on at lower level . Lets we will see .
Alloted two lots with two account in retail catagory . Heavey loss . Slowely buying started in this counter . also not much selling pressure . Luckly I got one lot in Prevest ( retail catagory ) . some how managing the loss .
Two good sme stock on same day.... Do you count SBL in good sme stock???
62.2. lokes| Link| Bookmark|
September 27, 2021 11:19:05 AM
IPO Guru (4300+ Posts, 5100+ Likes)
@nikhike: markolines....instead of probable doubler, turned out to be a perfect deceiver.....prevest performed as expected.... but bad luck that i alloted 1 lot in markoline and nothing in prevest from many applications....
@Lokes, as I said I have 8 lots. I dont sell on listing. agree that it was not expected listing. but I will hold on to this. I have prevest one lot. That compensated the most of losses here.
I dont expect its that worst to list 25% discount. I would suggest you to hold not to sell at this rate.
Thanks
62.4. Nidhike| Link| Bookmark|
September 27, 2021 11:52:30 AM
(300+ Posts, 500+ Likes)
Can''t comment on things which is more than what meets the eye.
Just learning and Welcoming to the world of SME investing!!!!
61. SONMAYA| Link| Bookmark|
September 27, 2021 11:45:50 AM
IPO Mentor (1300+ Posts, 400+ Likes)
BTW V.BAD LISTING OF MTCL FOR INNOCENT INVESTORS. BUT NOW EVERY INVESTOR WILL B CAUTIOUS AND WILL THINK TWICE BEFORE APPLYING ANY IPO. MY ADVICE TO THEM IS B FEARFUL WHILE APPLYING IN SME IPO.MANY HANDS R INVOLVED.IN BRINGING SME IPOS.
I think many people were not aware of the early listing of the shares including me. This kind of listing was not expected from Gretex. What a shame 25% discount listing. What say any upside expected ? Trading at a mcap of 102 crores.
Seems pure operator game .Both IPOs were having same fundamental outlook but the difference was LM.Even for Gretex this is the worst listing in their list.
This is called SME IPO. They are very very risky and you can''t predict it in which way it moves. Now you can''t exit from it unless your capital wiped out.
Big operator game in Markolines.. Till morning only 16 lots are traded and now it''s down by 25%.. No one wants to buy this share.. not even operators.. not at all liquid.. It will be very tough for people to get out of this stock..