Shrenik Limited IPO Message Board (Page 1)

38. ANIRUDH | Link | Bookmark | July 21, 2017 10:11:15 AM

SBI ME AMOUNT DEBIT OR CREDIT HUA ?

37. COMMONMAN | Link | Bookmark | July 18, 2017 2:28:48 PM

Top Contributor (200+ Posts, 200+ Likes)

Locked @ 20% Upper Circuit. woah !!!

37.1. arbandyo | Link | Bookmark | July 18, 2017 6:03:07 PM

Allotted share sold in upper circuit @48.

37.2. COMMONMAN | Link | Bookmark | July 18, 2017 7:00:47 PM

Top Contributor (200+ Posts, 200+ Likes)

I also Sold @ 47. Didnt Expected Upper Circuit
But Now It Looks 10% Minimum Upside Tomm .

36. Nandanvallabhdasshah | Link | Bookmark | July 17, 2017 5:31:27 PM

I THINK IT WILL OPEN 42 43 AND WILL B RANGE BOUND TO 42 TO 45 FOR SHORT TERM. LONG TERM 60. STOP LOSS 38 MUST

35. Nandanvallabhdasshah | Link | Bookmark | July 17, 2017 12:38:00 PM

keep delivery with stop loss of 38.

35.1. Karan shingala | Link | Bookmark | July 17, 2017 3:49:51 PM

What is the sort term target ? And time frame ?

35.2. COMMONMAN | Link | Bookmark | July 17, 2017 4:58:45 PM

Top Contributor (200+ Posts, 200+ Likes)

Expect 10-15% Upside In 2-3 Days.

34. Karan shingala | Link | Bookmark | July 17, 2017 10:02:40 AM

I have 1 lot should I hold or what ?

33. Nandanvallabhdasshah | Link | Bookmark | July 16, 2017 10:27:55 AM

Listing cud b on Tuesday I just got news, der is no premium now. It cud open near 42 43.some people in market say it ll run like focus lamp sme. Lets hope best

33.1. RAJ IPO | Link | Bookmark | July 16, 2017 11:05:27 PM

Yes I know Same news
Hold it do not sales

32. RAJESHJ | Link | Bookmark | July 15, 2017 6:43:30 PM

WHEN IS THE LISTING AND WHATS THE GMP

31. Nandanvallabhdasshah | Link | Bookmark | July 15, 2017 6:03:14 PM

Premium 13. 15. Yesterday.

30. arbandyo | Link | Bookmark | July 14, 2017 6:57:51 PM

I too received message for credit .its first day first show was good . let''s see how it react to box office listing.

29. S AGARWAL | Link | Bookmark | July 14, 2017 6:05:13 PM

RECEIVED MSG FROM BANK FOR DEBIT OF AMOUNT AND FROM NSDL FOR CREDIT OF SHARES

28. COMMONMAN | Link | Bookmark | July 14, 2017 4:14:18 PM

Top Contributor (200+ Posts, 200+ Likes)

Got 1 Out 2 .

27. J. K | Link | Bookmark | July 12, 2017 4:17:19 PM

how about allotment and any gain/loss news ?

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27.3. COMMONMAN | Link | Bookmark | July 14, 2017 1:16:53 PM

Top Contributor (200+ Posts, 200+ Likes)

Cannot see shrenik. Can u post link of allotment

27.4. RAJ IPO | Link | Bookmark | July 14, 2017 1:22:43 PM

Message received form bank db amount

26. hnc | Link | Bookmark | July 12, 2017 11:02:47 AM

Allotment and Listing dates ?

25. Prabhakaran Kuppusamy | Link | Bookmark | July 6, 2017 5:48:05 PM (400+ Posts, 300+ Likes)

Yes. Very good subscription for first day (fully subscribed).
It''s a miracle.
Even 50% of MarketMaker''s portion is already subscribed by QIBs.
Still, I''m maintaining AVOID on this.
Wait till last-day (these bids could also be withdrawn, right?) This could be for deception.
I will decide on lastday.

Just answer one question, why should someone block this much bigger amount for 5 days unnecessarily? They can simple apply on lastday, right? Is this subscription figures just for advertisement? Only time can tell.

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25.1. Prabhakaran Kuppusamy | Link | Bookmark | July 10, 2017 1:04:22 PM (400+ Posts, 300+ Likes)

I told you.
It got fully subscribed on first day.
On last day (1pm), it didnt get subscribed even 1.5x.
I''m maintaining AVOID on this.

25.2. ~~STOCKT~~ | Link | Bookmark | July 10, 2017 3:30:31 PM

ITS NOT A BAD SUSBCRIPTION.
I HAVE GONE AHEAD AND APPLIED THIS

COMPANY IS IN GUJARAT AND RAJASTHAN AND THE BUSINESS IS DOING WELL
IN DISTRIBUTION CHANNEL.

IT SHOULD REWARD BOTH SHORT TERM AND LONG TERM INVESTORS.
INFCAT SUBSCRIPTION OF HNI IS WAY AHEAD OF RETAILERS WHICH IS MORE GOOD NEWS

25.3. Prabhakaran Kuppusamy | Link | Bookmark | July 10, 2017 7:30:59 PM (400+ Posts, 300+ Likes)

Sure Stockt; it could. But, I was disappointed that after stunning day1 subscription, this issue closes at 3x subscription only.
Re-iterating CommonMan "Many Good Fundamental Sme prises are not moving , & Bogus Company Prises have doubled".
But I do see that more than 50% (9 million out of 16 million) shares are applied by RIIs.
I don''t understand how you came to conclusion that HNI have subscribed more than RIIs.
Please correct me if I''m wrong.

Note:
I have been following your posts for longtime (in SME and mainline) - but this is the first time that our analysis/expectations are contradicting.
I''m currently in the city where JK paper is located and I have been brought up in the city where TNPL is located. Maybe I''m avoiding Shrenik because of that. :P

25.4. ~~STOCKT~~ | Link | Bookmark | July 10, 2017 7:48:15 PM

ok in the end retail subscription surpassed, i dont think subscription is bad considering it was large issue and subscription of more than 3 times means the have collected in excess of 70 crore. not bad.
but their financials are good. i agree it wont be upper circuits but would be slow and steady mover.i believe it wil be like creative and panache kind of issues moving steadily.

lets see how it performs but definitely good financials and growth.

25.5. COMMONMAN | Link | Bookmark | July 10, 2017 8:20:58 PM

Top Contributor (200+ Posts, 200+ Likes)

Sir Prabhakaran I am Not Opposing U Infact I m Imprssed By your Calculation and working On Balance Sheets, still will Follow your posts.
But Rahul Dravid is Good For Test Cricket Not For 20-20, It is More of Unorthodox Investment. Anything can go up , anything can come down.

25.6. Prabhakaran Kuppusamy | Link | Bookmark | July 11, 2017 6:34:13 PM (400+ Posts, 300+ Likes)

Agreeing 100% with you both.
High tide will rise everything on the surface of water

24. COMMONMAN | Link | Bookmark | July 10, 2017 5:59:35 PM

Top Contributor (200+ Posts, 200+ Likes)

Total Final Subscribtion : 3.01 Times.
Rii Category : 3.64 Times

24.1. COMMONMAN | Link | Bookmark | July 10, 2017 6:04:08 PM

Top Contributor (200+ Posts, 200+ Likes)

Sme Ipo Are Majorly Run By Operator... Not Every Time Although.
Technicals Dont Work in It.
Many Good Fundamental Sme prises are not moving , & Bogus Company Prises have doubled
Have Strict Stop loss and go with flow in Bull Mkt.

23. COMMONMAN | Link | Bookmark | July 10, 2017 3:23:57 PM

Top Contributor (200+ Posts, 200+ Likes)

Bid Details for SHRENIK as on 10-Jul-2017 15:20:00 IST
Sr. No      Category      No of shares bid for
1      Qualified Institutional Buyers(QIBs)      1,47,000
1(a)      Foreign Institutional Investors(FIIs)      0
1(b)      Domestic Financial Institutions(Banks/ Financial Institutions(FIs)/ Insurance Companies)      0
1(c)      Mutual funds      0
1(d)      Others      1,47,000
2      Non Institutional Investors      65,97,000
2(a)      Corporates      15,42,000
2(b)      Individuals(Other than RIIs)      50,55,000
2(c)      others      0
3      Retail Individual Investors(RIIs)      57,90,000
3(a)      Cut Off      0
3(b)      Price bids      57,90,000
Total      1,25,34,000

TOTAL : 2.30 TIMES TILL NOW

22. raju patel | Link | Bookmark | July 10, 2017 3:02:44 PM

Subject to 9000 in Ahmedabad

21. coolaks | Link | Bookmark | July 10, 2017 2:44:41 PM

Hi should we apply in this issue. What is the GMP.

20. Prabhakaran Kuppusamy | Link | Bookmark | July 10, 2017 1:16:01 PM (400+ Posts, 300+ Likes)

Buy TNPL/JKpaper (both TN based) and hold it for one year.
Then, compare it with the returns you will get with Shrenik - then you will understand.
If the SME has specialization and does something which nobody does (or valuation is cheap), then only you should for SME stocks - otherwise prefer the mainline ones.

19. gala | Link | Bookmark | July 7, 2017 1:00:30 PM

IPO Mentor (500+ Posts, 200+ Likes)

Gujarat based companies always get superb response no doubt on this one too...... Though I am a fundamentals follower and not interested much in this one .... This will go through and be a good listing my gutt suggests

Disclaimer -- only one lot I have applied

19.1. COMMONMAN | Link | Bookmark | July 9, 2017 4:52:27 PM

Top Contributor (200+ Posts, 200+ Likes)

Me Too Have Applied Just 1 Lot.. Thought Same way. Will Give Some Returns Not High But Will Go through.