Dear CG members (Mainly Retailers)
Let me clear my points to end this going on argument with Mahavir Prasad Ji and some other members.
If you see this IPO, the sharp increase of GMP doesnt justify its valuation. Seem like a operator game to me.
As an investor, when I was not ready to make my mind even to apply in this IPO and AVOID RATING BY D.D. SIR, all of sudden GMP increased, due to some rumors that someone sold big qnty at 30rs, so he is trapped now with rising GMP and this is why GMP increasing blah blah types of stories.
So, what is wrong, when I am suggesting members, which is my own views that if premium suddenly rose to 120 *(As mentioned here) than there is no need to be greedy and better APPLY FULL FORCE with SELL IN S2 or SELL N APPLY or SELL on LISTING.
When premium on CG was mentioned 120 here, I approached my local brorkers btw I live in BIKANER, here no broker was ready to buy at 120 and best they were offering me 100.
So I mentioned, if someone wants to buy at 120 than I like to short it due to I believe that this GMP won't sustain on listing, as I found no buyers around me at 120.
I didn't mention that there are NO BUYERS. I mentioned NO BUYERS @120 around me.
My views can be different from some other persons view, it doesn't mean that I am BEDIYA type of person.
If DD SIR is giving AVOID rating does it mean that he is an Idiot ?? or he is BEDIYA too ??
Why no one blames him for his negative rating, where so many IPO of his negative rating is performing too good.
MAVAVIR PRASAD JI, I think you were reading my messages in hurry and misunderstood, as I leaved short messages for SMART GUYS to understand fast.
For example
I agree I mentioned "20~120 120~40"
It means I believe that it can rise so sharp, so it can fall so sharp too, so be cautious and Better SELL in S2.
Did I mention it is 40 now ? but It was my indication in hurry that such thing can happen, which can be bit confusing for some persons to understand who are "TUBELIGHTS". Please don't take it on heart.
"Aap thoda samajtae hai aur der se samajtae hai"
Aap mai buddhi ki koi kami nahi hai, par muje shayed bhagwan ne apse jayda buddhi di hai, iska fark hai.
Don't you remember MANGALAM ALLOYS history ??? GMP RISE SHARP AND GMP FALL SHARP....Later brokers backed off .......
So for such type of IPO (Owais), if you were getting nearly 150% GMP, its better to Sell n Apply or Sell in S2.
Premium kept rising but in BIKANER city, I was not getting good offer and on final day, when premium rose 140+ on CG, I could sell 2 lots at 120 in Bikaner.
SO I SOLD, I AM NOT GREEDY.
I really wanted to sell more qnty, if I could get 140, which was mentioned in CG.
Not a single person from CG, contacted me, asking my contact number from admin to buy at 140, this is why I challenged that what is mentioned here, its fake and I believe it won't sustain, as I don't find any buyer at such high premium of 140.
So MAHAVIR JI .....mind your language.
If MORGAN STANLEY says YES BANK can fall to 16 and CLSA says it will rise to 40 on national tv, you are just nobody to blame anyone. Do your due diligence and you are free to take your own position but you have no right to abuse some other person, who differs from your view.
Now, I am done for what I wanted to say.
I have booked my profit at 120 and I recommended to "APPLY FF" but SELL n APPLY or SELL in S2, I am still firm on my this recommendation.
I don't see value in this company, just as DD SIR didn't see.
Gd luck and happy listing for all successful allottees