RBM Infracon Limited IPO Message Board (Page 2)

Most probably will open with LC on monday as per pending huge sell orders & negligible volume today (2 lots merely)!!

Though I may be wrong but when next time Market Maker appears in Bulk Deals column with a buy.........

Opened with LC!

Yes for how long lc will continue?

It's testing patience now...

As i posted in my other post here on 6th Jan morning:

"lc may open around 44-45 as per its initial expected price, above 50 it was good price to book profit in short term as i mentioned in my listing post but i also missed due to hype..."

so LC will probably open on wednesday in my opinion and that will be the right price to buy this stock, not today atleast , so better be careful for new buying
And there are only some chances for LC to open tomorrow....

it already listed high and then hit upper circuit so anyways there was little scope left here in short term....so it was somehow expected that it wont move much after yesterday UC...and profit booking should be done during ipo preopen or after listing or by daily monitoring in morning open session if trend change is seen....
And for new buying, we need to be careful while buying at such high prices, it may not reward in short term atleast, like many other sme companies before which listed too high....medium to long term will be different story as per further news/results etc....so better wait for prices coming down instead of rushing as per hype created....

@lokes haven't bought it but observed the movement in the morning.... It's not much of profit booking but some operator play to keep price in this range for one two days.... Same like homesfy.....
There was not much selling presuure for half an hour and suddenly a big depo order came which took it to LC.....
And the way homesfy and this is behaving it's better as it will give pre-open buyer to come out of it with meagre loss or even gain and new one to enter on each at good price range.....
Both gave better return than expected and being a small lot is also a big plus point....even after 50percent profit it's just 1.5lc to 1.6 lac buy..... That's the best part about both the stock in addition to their sector and fundamentals

@lokes, its not about profit booking,

No one holds that much lot which comes in selling order. Unless who bought yesterday is selling today.

if that is the scenario, then hiw it is allowed to trade (without T+2 days).

@takamichi: homesfy is trading yesterday and today both days and not in LC etc but this one is now good enough LC and so it won't give chance easily to come out to preopen buyers so it is not similar as homsefy...and selling/profit booking by operator/big player or by retailer is being done simply as prices are good enough high in comparison to subscriptions/gmp etc, if some big player will put 50 lot sell order then also it will show as 1.5lakh shares on sell and then due to fear, many other retailers also put sell order...now its around 2.13 lakh shares volume on LC....

@gaurav: i couldnt understand what you mean by "No one holds that much lot which comes in selling order."
whoever bought yesterday can't sell today but still many ipos allotments were left to trade, its just 70 lots on sell by 20 different people....and people are selling for booking profits only what else, and since no new buying today at these prices so its LC....it may open today also if someone comes to buy big or may take 2-3 days also...

@lokes homesfy was also in LC yesterday but that being 600 shares a lot looks much smaller as compared to 3000 shares here.... Lots available in LC here r smaller than homesfy yesterday.....not comparing oranges to apple....just a stats comparison....
Here the sentiment is stronger on LC as barely 2-3 buying took place after it touched LC.....
Just enquiring about all etech, i though u r going to hold it for long but in one post you said u will short it in coming time and then buy it again at lower price range.... Do u see any downfall in near time or just due to wavy market in recent time and due to budget.....?

@ lokes

you have seen current order and qty.
which is 20 order and 70 lots.

but when LC hits, there are 10 lots in buying (fully consumed in a second) & 1L + selling with just (30+ lots) with just 4-5 orders.

from ipo allotment of 775 shares (514 sold)
in which highest allotment allotee (Market maker & who got 15 lots allotment also sold)

so noone holda big qty, and today selling order contains big qty.

@Takamichi: homesfy was never in strong lower circuit yesterday, neither for more time and it was trading normally, you can still see in charts....today 70 lots pending in rbm but in homesfy it was never 70 lots pending at LC price (not considering volume)....so i am just trying to say pattern is different in both and in rbm it wont be easy for preopen buyer to come out like in homesfy....
And as i posted yesterday itself here on this page on below noorul post, that i may sell both all e tech and rbm soon, i have sold All E tech today morning already but missed to see rbm movement as that was in other account so was not handy available in mobile...i bought all e tech around 123 and just wanted to secure my little profit and capital since not convinced with the current momentum so don't wanted to keep holding like vital/jfl....company is good but in short term, momentum is not there as in seen in price and buy/sell volumes...and i just want to play safe, everyone has their own investment style and each has its own drawbacks and benefits....

@gaurav: so its only 10 lot extra in earlier buying before LC other than 70 lots now, and after 30 lots initial selling, all retailer will put their orders who has 1-2 lots....and for initial 30 lots by 4-5 people, there are so many people who allotted more than 4 lots as per BOA so some of them might be selling in that...no big deal.....but i don't think whoever bought yesterday can sell today using any broker....

Actually it is good that all sme stocks are being very competitive to buy or sell.no easy profit is really good for the long term holders and market.there won't be unnecessary speculation

@lokes, it will be clear by eod only.
Lets see. if any bulk deal executed, then it will show definitely (if those 10 buying order consuned by single selling order, plus 4-5 lots got sold after that too.)

so if single selling order executed then it will definitely show.

@lokes

As told Multiplier Sold 20 lots (noone alloted 20 lots in IPO, other than market maker,)

He bought yesterday. thats what i am saying.

Guys check block deal for day to day shares trades and you will find that Mansi and Multiplier and SS are usual traders who are buying in preopen and selling in T+2/T+3 but since RBM facilitated as T+1, they sold it at first opportunity.

Nothing wrong with the company it's their usual style. They don't care about any company.

Imo all pre open should be avoided in above light.

@Mr.Lokesh.. I would ask you politely why can't you consider anyone else's view, why you have to correct them, they are not robots, you are correcting takamichi and gaurav for minor points which can be considered politely. You stifle all sorts of discussion.
It seems you are king of CG forum..??
Are you a paid or premium member that everyone has to accept your view..? Are you so so smart..?
Why you are so conceited in your knowledge.

I knw the brokers who allows T+1 in SME.
So nothing to surprise for me after watching there names next day.
Yes the LC on script is only because of these so call flippers like Mansi, Multiplier and SS and etc they are doing it continuously in SME IPOs those are listing with below 50% gain.
They are literally playing with people emotions and money.

Also, as Market Maker sold most of its kitty on listing day in pre open so the rates have to come down substantially for him to buy again. Think this will be ensured by his syndicate of so called operators.
It wil be interesting to track his activities in bulk deals for future assessment. So that wherever he appears next, may repeat the moves.

@thoth: first of all just by saying i would like to ask you politely, you don't become polite as seen in your words/lines later like king of cg, premium paid member or knowledge etc....
And i am just posting my view the way they have posted and its just general discussion between us like before and no one is getting offended, its not necessary that they have to agree with my view or i have to agree with their and its not wrong for anyone to put their views, we don't use words atleast like you saying about me.
Normal brokers with retailers don't allow t+1 trades in sme's so i was checking boa and saying my point but after last message of gaurav i didn't replied or argued as i also wanted to check so something new we got to know about this, simple...
no idea why you coming in between and pointing on me, instead you can also put your opinion simply like others as gaurav/noorul posted in night....
take these as our general discussions, these improve knowledge only, no one is forcing view on others, even no one can. Remember for future.

@Lokesh
I would not have objected if it was not right. (Read yours, Takamichi and Gaurav's conversation again and you will understand why I objected).
Before writing I have observed this over time and so said this (don't want to say more than this). I believe you have taken it in right spirit and understood the message, not necessarily the words.
I would ask you to considers other possibilities and other's opinion whatever it may sound.

@noorul @lokes @gaurav When did it become t+1 , i really thought those buy on day 1& sell on day 2 were alloted in huge.
I thought only from 11thday we can buy and sell on same day.Which broker allows at t+1 settlement/earliest settlement?

@AAvi,
Market maker has to maintain future liquidity, he would have sold on given any opportunity and may be, may be they won't do any bulk purchase but buy and sell here and there only if it is necessary..
It's these 3 Broking/trading companies that are dragging SMEs.

@Arca
I read somewhere recently that as per SEBI directions, it will be t+1 across the board from 27 Jan 2023.
Or maybe my interpretation is wrong

@thoth: i already replied to you and put up my point, i don't see anything wrong in my conversation....its just my nature to reply in detail etc so you taking it as correcting for minor points, but i was just putting my opinion...and if they don't have any issues, then you also should not say such things, and atleast not the last 3-4 lines of your post if you wanted to inform me in proper way, now you also read those lines again then you will understand why i am objecting.....And many times mine and takamichi views were similar before, even someone saying that we are both are same person, and sometime earlier, we had different views too but we never mind and consider these as healthy discussions....so request you not to take things in other way if we don't have any issues....

@arca: its still t+3 for most of brokers in sme to allow selling after buying...means if buying on Monday then selling on thursday...as @noorul said some brokers might be allowing this t+1 either in some cases or with some clients, i don't think with any retailers they will allow such things as there will be chances of short selling etc since sme's trades in circuits...

Whatever it is, share has moved in strong lc for now that not a single buyer now at even lowest price...lc may open around 44-45 as per its initial expected price, above 50 it was good price to book profit in short term as i mentioned in my listing post but i also missed due to hype...

@lokes,
should we complain to SEBI that multiplier is not following T+2 oe is it okey to leave?

@gaurav: multiplier will be client or trading company- mainly, no idea which direct brokers they are using or if they himself has some broking firm tetc....because its mainly the broking firm who is not following rules....
No idea if from sebi perspective, its legal or not to sell in t+1 day if broker allows....need to check such things on net first...or whoever has any knowledge regarding this, can put his views....i will try checking with zerodha once that can some broker allow such things, is it ok to do so withing sebi rules....will ask them...i heard before that even motilal oswal or some other big brokers also allows selling on t+2 day, that might be valid i think....but didn't knew about broker allowing selling on t+1 also.... atleast zerodha allows selling on t+3 day only since shares comes in account on t+2 day by afternoon/evening....

Yesterday it was strong UC. Today it is strong LC. It's completely a play of operators to catch common man like us. No fundamentals works here. One or two big players can change the momentum completely. I am expecting a reverse trend in 2-3 days.

You should email the UPI department of your bank along with details of account no., Ipo name and situation of what has happened.
Next option is ..wait for mandate to expire and the lein will be removed automatically.

Your branch can't help you here ...but your banks HQ UPI department can.

This one of the downsides of UPI, and my 1 lot money for arihant is still blocked for which the mandate will expire tomorrow. So patience is the key here.

@MonsterZero thnx for the reply...uma converter also madate ends tomorrow.May i know the email id of upi deprtment.I have same issue with elin elctronic from mom account they created hold 2 times for elin elec one is on 22nd which i applied date and other one is on 31st.31st created hold got debited other one is still on hold rs 207480.In sbi bank For both the ipo's uma end elin huge amount is on hold Do u have any idea how many days it takes max if lein not removed on madate.Tnq

no selling pressure due to market maker, as he sold in Pre - Open.

if he won't sell, then this will list much higher than this.
Since he sold, he got fund, he can rebuy when stock suffer LC or no volume.

so nothing wrong here, in my opinion.

Total 514 lots ( 66.32%) traded today. Only available lots are 261 now for tomorrow.
Some allotment holders (MRavi -4, Noorul-2, Avenue-1, myself-1 ) not sold on day of allotment and still holding their allotments. Those are not part of todays trading and expected that those will be not come for trading tomorrow as well.

So surely UC tomorrow as well as there will be short supply.

@JaiShriKrishna - Do you agree that today's huge trading volume also makes a firm near term bottom of around Rs 50-52 for the stock?

Yes today's volume will be less compare to yesterday. Also as free lots are not available so this be go higher side only.
As Max holders are entered at 50-52 price yesterday so this will become botton line for this stock.

Some people Who entered at 50-52 price will try to exit in next week. So there will be some corrections expected in next week but it will not touch below 50.

There is no bottomline or upperline when the sentiment changes.... Ya it can be a strong hold but can't be claimed to be a bottom

Definitely operator has entered into it and trying to manipulate. Otherwise there should be LC today. Let's see, where it goes.

Wow! 29 lots! This shows that you are totally convinced about this company. After learning about your purchases, I am happy about my purchase in preopen.

Congratulations for your great buy. I was bullish on RBM and your purchase gives us even more confidence.

I had one lot allotment and bought another lot @ 50 today.

Congrats sir
Right now 😂 one dialogue comes to my mind

Ravinchadran Manickam ravichandran

@M ravi: congrats sir...here you got good allotment as before :)
All the best for your new buying here....lets hope it can become 2x-3x till/after next results....

@M ravi: All the best for your new buying here…. itna Jirga knha se late ho bhai

I have sold my 1 lot RBM @53.80

@MRavi Ji... congratulations... you really identified and garnered this Gem at initial levels.... hope it perform very well in coming months...
I too bought one lot in pre-open

Dear @MRavichandran ji

What bothers me here is -
While for last 3 years company has shown increasing revenue and profit trend - If you go on below link, http://rbminfracon.com/management/
they show revenue in FY19 was INR 58 Crs!!! and they have disclosed FY20 onwards sale to be 35 Crs!! A big drop..

1) What has caused such a big drop ??? from 58 to 38 crs
2) Why is the PAT so volatile and +ve only in current year.

I think these are red flags, not sure if we should keep this for long term hold ??

Pls post your analysis

@Nabeen M, Avenue, Sprint, Sukh,
Thanks and all the best for the good buy/ holdings, sure this will provide great returns

@Arca,
😂😂😂
You made me laugh today ( the dialogue is so much inspiration and used very common by many that time)
Btw you have vey good sense of humour like Avenue 👍
Hope you bought here as well, all the best for your cloud one lot 😉

@Lokes,
Thanks, it has some time we interact, we both are busy nowadays
I always read your valuable comments when ever I have time. 👏👏👏
Good luck for all your investments to fetch great returns

@ ValueStockPicker,
I will review and provide my input on the points you have raised
How ever, I am very well aware of the business of this company and future potential (being part of few oil and gas / petro chemical operation). Hence I have no doubt after seeing their present order book and future order book as of now.
This company will do well in my opinion.

Thanks

@MRavi
Sir, how long do you want to hold these? Any target?

Thanks mravi sir.
I sold my 2 lots of varanium.
Alloted 1 lot here and also bought 1 in preopen.
December was disaster for me no new IPOs(other than rbm which listed in Jan)& the one which i bought (ambo& pritika)went down terribly & i exited😐 because of fear/emotions.the one which i didn't buy went up (drona & gargi). This year going to keep aside emotions and gonna play by financials alone.

@ValueStockPicker, The 58 cr figure you mention includes consolidated sales turnover of RBM group companies. 35 cr for FY20 is for RBM alone. About PAT being volatile, it has turned positive and company seems to have turned a corner
@Arca, nice post, I agree, Mravi ji is the Rajnikant of CG

@imhiili,
No target in mind, as few already suggested in this page, some long term investors or operators entered at around 52 level with strong buying, hope this will give good returns. I will be holding for next results

@arca
Sad to note you sold varanium ( thought you are holding one lot and sold one only)
Any way all the best for this new year to turn around your fortunes

@ultrasnow,
That’s very kind of you.
Thanks for review on the financials. Also this type of businesses may have some loans to execute (being shutdown oriented jobs) and then start real growth / turn around. Ipo money will help them to grow more and strengthen the balance sheet.

Thanks

@Mravi @Arca What is future prospects of varanium.
As per board meeting held on 30th Dec, they are planning to raise fund preferential basis upto Rs. 1250 Crore for
acquisition. Board has agreed to raise funds for purpose of acquisition at a price not being lower than Rs. 1235/- or the price determined in accordance SEBI ICDR Regulations.

This stock went down to 36 level why no one who bought above 50 didn't buy at 40 or 36?
I doubt the buys made in big lots & strategy these players make.

@CLD

when stick went down to 36?
1) Lower is 44.95 (i bought it here 1 lot).

2) answer to your question, why who bought at higher, not buying at lower.

those who bought are only operators (short term traders), naming
a) Multiplier - sold
b) Mansi - sold and rebought 10 lots
c) Mravi (still holding - long term)
d) Ashwin Sricks - sold (not know about him)
e) Jain Sanjay - still holding (not known, but haven't seen short term selling by him in other stocks)

no other bulk deal at upper price.
So in conclusion only short term traders took exit. Long term still holding.

@CLD
You have come across like Captain America.

My point is that as a small retailer don't jump blindly. You don't know how market will behave in an IPO after listing. Taking huge bets in preopen does not seem to be a good strategy. If you have conviction on a stock then you should add small quantity on every dip rather than taking single huge bet.

@Gaurav DD dimer,
you are correct. I have also added another 10 lots between 46 to 52. Holding altogether 43 lots. Congrats for those holding patiently.

Thanks

@MRavi sir,
That's really superb, you are holding 5.5 percent of equity now, great motivation to other members here.

@NMJ,
Thanks for those kind words, not sure of the 5.5% of equity holding ( i assume not that much).

@JaiShriKrishna,
I missed your post on Varanium. New floor price price is 1175. The quarterly results to be announced tomorrow, expected to be block buster (at least for the preferential issue approval at EGM in Feb). Please watch out and take your call on profit booking in coming days as per your risk taking abilities.

Looking forward for tomorrow results.

Thanks

@NMJ, 43 lots is 1.53% of paid-up capital

Hello @MRavi sir,
I have bought one lot at 51 around. Can you please suggest target for this? shall hold or sell before Budget?

Thanks in advance.

My target is 150 by March 2023..if this posts good results it may increase further..hold this gem

@Earn Smart Money,
Unless you need money urgently, RBM can be kept for short to mid term investment as the company has potential to deliver good results in the coming half yearly.

Thanks

@ MRavichandran Sir,
Ok. Thanks for your advice.

is it good to buy now at current price?
can expect 2/3x in one year?