Nifty SME Emerge Index which was constituted in Dec 2016 with a base value of 1000 is now trading at 1796. Index has gained 67% this year and almost 50% in last 3 months alone.
SME stocks which were offered at reasonable valuations are now trading at high valuation like their peers on the main board.
I also observed same yesterday and was wondering if there is any way we can buy SME index. Because Getting allotment is becoming very challenging. Or if there is any MF which invests heavily in SMEs?
Can anyone tell me which broker allows online trading of SME IPOs, mine is Angel Brocking and they are not good at all, they say that they need to call Mumbai for this and commint a callback but never return.
I am looking for a broker who allows online bying and selling of SME IPOs.
I have Sharekhan online trading account. It allows you to buy and sell SME shares. However, site does not support for applying SME IPO. You can do the same through your online Banking portal or send the physical ASBA form to your bank
Sunder Ji, you mean you can buy and sell listed SME IPOs without calling Sharekhan customer care or without visiting their branch?
For example, Cadsys SME IPO is already listed and I got one lot allotted, but now I want buy more on that, will Sharekhan let me buy that online from their account or I have to call them for additional buying or to sell existing lot?
Also how are the regular services of Sharekhan, are you satisfied?
@D Tanwar : Yes. You can buy and sell shares through online options. You also have calling options which is useful when network is down etc. (both are available). I am from Hyderabad and I am very much happy with their service. If you are from Hyderabad, I can help you by sending you good person for account opening.
@ KHEMKA ji : beg to differ from your views. I am allotted WORTH PERIPERALS, INNOVATIVE TYRES & SREE GANESH REMEDIES so far and all these SME IPO allotments were sold through SHAREKHAN online facility only. CONFIRM. I can provide proof, if need be.
@TOPS, SME IPOs are on gung-ho. Even panipuri(golguppa) wala sme issue leka ayega toh woh bhi 100 times subscribe hoga. Only thing is we have to identify good company from these beeline(SME''S) , one should decide with his own senses.