Bigshare is like operator. Shown to investors that it would declare before time & when people set their expectations high, it started pulling down.
41. M Gupta| Link| Bookmark|
September 8, 2023 9:38:43 AM
IPO Guru (1100+ Posts, 3200+ Likes)
Bigshare defeated by Purva share. Purva declared results even with over 7 lac applications and bigshare couldn’t match with only 10000 applications to process. Best is Purva
41.1. Jsca| Link| Bookmark|
September 8, 2023 2:50:53 PM
Top Contributor (500+ Posts, 100+ Likes)
Learning: when in doubts, apply but don't accept mandate until close of day.
Atleast keep option open.🥲
34. MAMU| Link| Bookmark|
September 5, 2023 4:36:50 PM
IPO Guru (1900+ Posts, 1200+ Likes)
Those who sold in GREY trapped this time badly as HNIs changed their game just in last 1 hour after 3pm. Prem were trading around 8-12 at that time and now at 20 means one suffer huge loss of 20k for not just getting allotment.
Look at what happened in Deneers tools GMP progression and listing price to know the fate of this listing!!! All those who applied will make good money here. No noise and more gains to reap here!!!
Some HNIs who sold shares are now actually short in the stock due to higher than expected subscription and no/under allotment.... Wait and Watch the short squeeze here just like Deneers!!!
I am short what to do kaha listing dekh rahe hai my selling price is 6 should i cover after seeing allotment or face screen . Any suggestion loss se bachne kaa
36 rs prem now!! The premium is going up after allotment indicating short covering!!! HNI allotment is lower than expected. What a game going on here!!!! Shorters absolutely butchered..Dark horse!!
Let me explain the scene here for my friends: Say a HNI applied for 40 lots(50 lakh rs) application here. Assuming a 10-12 times subscription estimate, HNI assumed 3-4 lots of allotment. So the HNI sold 2 lots in grey @4-6rs to mitigate risk. Last minute oversubscription game led to allotment of only 1 lot. The HNI sold 2 lots @4-6 and got allotment of only 1 lot(1 lot short). HNI can sell his alloted 1 lot on listing and pay the difference to the buyer. But the other lot that he is short, would have to be paid from his pocket . Hence the saying sell and apply HNIs caught with their 👖down in shorting!!!!
33.6. Sagarwala| Link| Bookmark|
September 12, 2023 2:02:44 AM
IPO Mentor (1000+ Posts, 300+ Likes)