The format for SME IPOs is a big fraud. It makes you buy in amounts exceeding Rs. 1 lakh. Investors apply blindly and get stuck. The only remedy left for investors is to not apply for IPOs for a few weeks to force a change in the format for SME IPOs. I am doing it.
101. SJogi| Link| Bookmark|
March 23, 2023 9:27:39 PM
IPO Guru (1000+ Posts, 900+ Likes)
was just going through the past 2 ipos of this group. they both are in worst condition. they all are related and almost have same businesses. really shocked after seeing 3rd ipo from same group having same business. stay away from this. i wont buy it even at 1rs.
@Noorul, I rarely seen such a huge bulk deal in SME on first day of listing by single investor. It reminds me Rhatan listing around 6 months back. Let's see whether it proves positive or negative..
@Dinesh. This NNM securities is also a short term trader and like to sell there holding next day ...just like Mansi and Multiplier. Even LM and Market maker both exited from this stock as suggested in bulk deals... So for me it's a dead rubber now.. not much hope left for investors.. and don't forget this company is just into trading and distribution with no proper set up of any manufacturing unit.
No I did not bought it..but closely watching the event...Will take suitable decision based on your input..
91. PLAZA| Link| Bookmark|
March 6, 2023 9:18:19 PM
IPO Guru (2300+ Posts, 1300+ Likes)
Sunflower broking Market maker sold entire shares 316000 @26•98 ,
90. SJogi| Link| Bookmark|
March 6, 2023 7:22:56 PM
IPO Guru (1000+ Posts, 900+ Likes)
AG dynamic funds sold all there holdings i.e 2144000 shares. Even market maker sunflower broking ltd sold all there holdings i.e 316000. Very bad move from market maker.
This is definitely a good listing, who sold are the winners. About half the quantity traded till now. Still buyers at 27.60. GMP was negative everywhere in the news. More than 10%. So, members who dare to apply got something. Future of this company is uncertain. Today's positive market helped in positive listing. Have a nice week to all.
Now lower circuit and lakhs of shares for sale. Always better for the investors not to take risk. One must learn lesson from this. Already many lessons have been taught in the past, but difficult for the investors to keep oneself away. Keep learning.