I'm not an expert, but if you want to buy at the upper circuit price tomorrow, you can place an After Market Order (AMO) at 3:45 PM. Calculate the upper circuit price by adding 5% to today's upper circuit price. In Zerodha, the new circuit limit price is updated at 4:02 PM for BSE; you can check the price and place the order. NSE's upper circuit price is updated somewhat later. The orders are executed based on time, so if you place the order earliest, you can get it.
Place the order on BSE in this case at it is currently at 61.72 as compared to NSE where it is at 60.6. There would be better opportunity to buy in BSE
I have got 2 lots allotment, but due to unknown of it's importance to hold I placed half quantity to sell only will continue with half qty in both lots, thanks for your guidance community
264. PLAZA| Link| Bookmark|
January 31, 2024 3:40:14 PM
IPO Guru (1700+ Posts, 1100+ Likes)
sold one third today and rest in two parts, Very good listing . All allottees have benefited here with good profit.
264.1. JSK✨| Link| Bookmark|
February 6, 2024 9:17:00 AM
IPO Guru (1500+ Posts, 900+ Likes)
Yes very shameful on part of SBI, they are keeping the Amount blocked so that they maintain their Month end A/C balance...
262.2. Nothing New| Link| Bookmark|
January 31, 2024 1:21:57 PM
Top Contributor (600+ Posts, 100+ Likes)
This will happen everytime one applies through SBI ASBA. I have tw first and experience of both their non-existent service and apathy. Change the bank if you want to avoid this in the future. It's that simple.
261.2. Ascension| Link| Bookmark|
January 31, 2024 9:13:57 AM
Top Contributor (400+ Posts, 200+ Likes)
Yes , a 'limit order' need to be placed, at upper circuit if you want to buy at listing price, and at lower circuit if you want to sell allotted at listing price
261.3. PUSHPaa| Link| Bookmark|
January 31, 2024 9:28:29 AM
Top Contributor (200+ Posts, 100+ Likes)
No need to place UC & LC to buy & sell ,if he had placed price at 56 He have been allotted, I think no seller available at that price (may be)
261.4. Ascension| Link| Bookmark|
January 31, 2024 9:35:28 AM
Top Contributor (400+ Posts, 200+ Likes)
its a standard practice a no brainer to put such limit orders as we have no idea where it would list
261.5. PUSHPaa| Link| Bookmark|
January 31, 2024 9:52:07 AM
Top Contributor (200+ Posts, 100+ Likes)
If we put UC we need double funds ,wait upto 9.42 we will get idea about the price & put 10% above the price to buy & 10% below the price to sell mostly we will get allotment..
if you place a order @ 55.05 and above then your order will executed because @ 55 FIFO method applicable
261.7. sdz| Link| Bookmark|
January 31, 2024 10:08:13 AM
IPO Guru (1000+ Posts, 500+ Likes)
Hi Piyush. Your buy order was not executed even after putting the same 55rs is only because it is first in and first out and there are more buy orders placed before you exactly at 55rs itself and unfortunately there are less shares to be sold and so your order couldn’t get executed. Hope you got it
261.8. Ascension| Link| Bookmark|
January 31, 2024 10:49:24 AM
Top Contributor (400+ Posts, 200+ Likes)
Totally misguide and that shows us that indian market will easily manupalated. News comes before listing to out retail investor from shares and than upper circuit.. Holding 2 lots nd my target will be 100+
The news in all shared links reads only about the MLA's electoral malpractices and not related to the company/business related. So, I think it should not impact the listing by 20%, timing of this news is also raising doubts, I will not panic and sell. Have been alloted shni. May be khel hoga, just my guess.
Yes. The raids are politically motivated. The MLA has exited the company and has no association with it.
259.2. Nothing New| Link| Bookmark|
January 31, 2024 7:46:01 AM
Top Contributor (600+ Posts, 100+ Likes)
Someone said they deliberately missed GST payment and shared a link to a news which doesn't contain anything related to GST. If there is anything deliberate here, it's an attempt to fan disinformation to make the allottees panic.
You may be right. But I don't think such attempts can make any significant impact on experienced investors who I believe own majority of the shares.
Panic selling usually only happens with inexperienced small investors who are easily influenced by opinions. They shouldn't impact the prices much if news actually bears no significance.
259.5. Nothing New| Link| Bookmark|
January 31, 2024 8:22:35 AM
Top Contributor (600+ Posts, 100+ Likes)
Sir it's me who shared the article. Dur to election season, article may projected about election malpractice. Mainey they raid about GST fraudulent. I am not going to benefit if I create panic situation here.
I don't think anybody is accusing anybody. We are just speculating. The news does exist for real, is 'current' and by no definition 'old'. You just shared it here. And you are not the only one, nor is this platform the only one where it caught attention.
So everything looks okay to me as far as your intentions are concerned.
259.8. Nothing New| Link| Bookmark|
January 31, 2024 9:10:14 AM
Top Contributor (600+ Posts, 100+ Likes)
@Mogambo ka Bhateeja Jana mentioned that the company knowingly evaded GST which is nowhere mentioned in the article he shared or anywhere else for that matter. Now what do you make of it?
Raid was conducted due to GST violations is mentioned in one of the articles published in The Hindu. I'm not sure if sharing such external links is okay here, but it can be easily looked up.
Congratulations. But I don't think 55 can be seen as 'panic' effect. 😄
259.11. Nothing New| Link| Bookmark|
January 31, 2024 9:46:52 AM
Top Contributor (600+ Posts, 100+ Likes)
One very influential political figure was being pursued for cases involving 60K Cr + swindle. So they changed (Or atleast pretended to do so) the loyallties and thus could go scot free with all the allegations swept under the carpet. So it clearly goes to show the ongoing selective moral policing these days.
Again I'd full convition in the stock's potential and no amount of highlighting of negative news can make me change my mind and sell for under 50% profit.
251.2. whiteFox| Link| Bookmark|
January 31, 2024 5:53:48 AM
Top Contributor (600+ Posts, 200+ Likes)
Just for information
250. Nothing New| Link| Bookmark|
January 30, 2024 2:56:44 PM
Top Contributor (600+ Posts, 100+ Likes)
A few days ago Jindal (director) of JSW was accused of rape. Then there was a raid on Polycab. Mankind pharma too was raided just after the listing. And so on. Anyone who isn't blind can deduce that all the businesses that dont belong to a particular group get raided, There is nothing new in that.
So I don't care about people reprising the ews about such trivial raids in an attempt to bring down the price. The GMP anyways is bulls.
This is a fantasticcompany with a great track record and it's a small IPO where the investors cannot go wrong. I will not sell without a minimum 50% profit or perhaps more.
You messed up! Jindal toh ruling party ka hai 😂 Happens when one is writing strongly!
BTW I.T cases drags on for decades and eventually gets settled by penalty, jail bhi Nahi hoti yaar...
I missed somehow Nova is a politician owned company, I would Not have touched it with a barge pole. Forget politician owned, I don't even touch politically exposed company except Adani because of his proven track record, integrity and business acumen.
250.2. Nothing New| Link| Bookmark|
January 30, 2024 3:42:35 PM
Top Contributor (600+ Posts, 100+ Likes)
Please google Savitri Jindal, Naveem Jindal and Jindal foundation's political affiliations for the starters. But then I can't expect a different judgement from someone who is vouching for someone's track record and intergity as if he is the paragon of purity.
You should suggest the mods to add a column in the IPO information section regarding which group does the business belong to so that you won't err and apply only to know fret over that later on. Lol!
Iska beta, uska chacha, iska supporter, uska fund raiser... ye sab short term election results ko influence karne tak hi chalte hain. After that, what remains is just the fundamentals of a company and how nicely it fits in the overall economic ambitions of the country.
I don't believe this government will do anything to harm in anyway a business that has potential to contribute nicely in the GDP. That aside, if someone in a company, no matter how big, does something terrible, it is actually good to send message to everyone that they can't be spared just because they are Mr. Big.
So if a company is involved in corruption, or its keypersons are involved in malicious activities, then in the long run it will go down anyway, its stakeholders will suffer losses anyway. If the problem is small, or the involved persons are replaceable, then it shouldn't affect the company much.
If Rubbish Kumar can be thrown out of NDTV (yes yes I know he was 'allowed' to quit gracefully, hiding the boot mark on his tashreef), then no one is irreplaceable. As long as Modi-Shah are running the country, dhandha manda nahi hoga. Haan agar dhandha ho hi fraud to it deserves to go down.