No need to TRY making money from EVERY SME IPO. You will end up in disappointment. Better to invest in IPOs which are fundamentally strong and has a bright future prospects.
P.S. I am avoiding this and won''t even regret if it lists at UC. Better to save capital and invest confidently rather than applying blindly and then regretting later.
The biggest red flag for me is (from page 66 in RHP) - "As on date of this Prospectus, our Company has one Managing Director, one Whole-time Director and eight (8) permanent employees."
How does this company operate? They just have freelancers for every process!
Market Kid People applying will get the allotment If you apply throgh out the year by investing 1.25 lakh regularly and suppose you get only one allotment. Only one UC will give you 20%. If the money is kept in FD for one year you will earn maximum 8%. Only we have to take care while applying. Apply only good ones. Even if you get allotment in two years you will be not a looser Earning with effort and knowledgeable Now you have to decide You don''t look like a kid
And one can keep money in banks like Kotak bank where one gets high rates on savings account and apply through their ASBA. And one keeps earning interest on blocked money.
I don''t think this SME will list in discount but upside is also capped. I am neutral on this SME. One can expect 20%U.C. on listing but after that nobody knows...
@TOPS, D.P. IS TRADING AT 64 NOW, MOVED UP 16.5% TODAY.(MOKSH EFFECT) GO FOR IT, IT WILL GIVE ONE UC ON LISTING. HOWEVER I HAVE NOT YET DECIDED WETHER TO GO FOR IT OR NOT