@Ocean blue and @Karam, I am expecting good results from silicon, one year target could be 175-200. Silicon shares are being cornered by either HNIs or operators, they may take it even earlier also if the results would be more than expected (my personal opinion only)
Sir what do u meant by "they may take it even earlier also"?
I am alloted SME Ipo for very first time. Sir I want to sell this IPO in coming days so that i can use these funds to subscribe for upcoming IPO's in November. Sir please guide what should be the target price to sell along with stop loss. Thanks.
@ Karam, I guess MRavi ji meant the target could be done even before 1 yr time frame. I had applied here but missed out on allotment. With impending IPO rain there will always be temptation to sell holdings and apply for new IPOs. But Silicon has good fundamentals, also, a bird in hand is worth two in the bush
Getting allotment in SME IPO is very rare. You cannot ascertain that you will get it for sure. So, better to stick with a good stock of you have already got the allotment. The half yearly results are also going to be announced soon. That would take these stocks to new highs. I would suggest you to hold it for atleast a month untill results are announced. The results for Varanium Cloud were recently announced and it has zoomed from 150 to 250.
Plus the premium in Silicon Rental Solutions is not that high yet, this stock is still a value buy. Lot of chances of growth possible.
I believe the company's results are going to very good as the company's CA - Mr Narang has been purchasing the shares. You could also find a bulk feal in his name. I am hoping this will be 2x by the end of this FY.
Disclaimer - I am holding 5 lots of this stock. My views may be biased, however whatever facts I have stated are true (one can cross verify and deduce their own inference)
@Irs, Silicon can be a half Varanium after results. (my earlier fluke guess of 175-200 is now seems a reality 🤞) all the best for those holding tightly.
Disclosure: I have huge investments in silicon (my number # 1 portfolio by value)
Pre result rally... Results will be out on 14th November I knew this would zoom as the company's previous CA Mr. Narang has been purchasing the shares in bulk deal.
Only stock among the recently listed SMEs to have only BUY bulk deals and not even a single SELL bulk deal. HNIs have been holding the shares since listing. Expecting 150+ post results
Silicon Rental Solutions Ltd. has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 14/11/2022 ,inter alia, to consider and approve Un-Audited Financial Results for the half year ended September 30th, 2022 along with limited review report
@ Kapil Mehra, Sorry for intervene in between. JFL Life Science has already formed bottom near 43/44, and next year results are definitely going to be better than previous year as they have lot of unutilized capacity left and 18Cr proceed from IPO will be used to clear most of Debt. Secondly, 4.4Lacs share were purchased by their CFO's family at Rs 70, so I think it should go to 70 or above within 1 year timeframe. There is no reason to sell it.
@ Kapil Mehra, I am holding all my allotted 10 lots in JFL, i dont find a reason for this drop from listing price of 70 with UC to 40+. As suggested by @ValueInvestorPA better to wait for the half yearly results and decide.
@IPOLucky, I think there is no need to take exit from this share, wait for 1.5 years it will touch 200 as their profit will also be going to be 2.5 times.
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October 19, 2022 7:57:39 AM
IPO Mentor (1300+ Posts, 400+ Likes)
How can we see number of shareholders real time/ daily status? In Zerodha it is fixed 987 from beginning and shall update very late.
You are bigg bull for this IPO!! I did not sell my allotted shares in this and cargosol. It is bound for volatility in this type of market. I will add in this and others for long once my funds are released from other IPOs.
I have good confidence in the company performance...getting a company with RoCE and RoE of 30% consistently for last 5 years is not easy. I'm from from computer science industry..generally, a laptop of 70K is rented with 3K per month and it last around 3-4 years and then can be sold at 10-15K. and they have got some good client from Tata, Reliance so hopefully, our capital will be preserved with 10% downside and 2x upside in 2 year timeframe.
@ValueInvestorPA I read your previous message, I am also more confident in this business (+ Hem) and the growth. I dont want to miss this gem and added more today for real long term i.e 3-5 years. I will add more if falls further.
No need to worry. Its C/A firm owner (Mr. Narang) is purchasing in bulk and has placed order of more than 1.5Lac shares yesterday out of which 50K purchased @85. Today again he has placed order of 1Lac shares at 83 rupees. It shows that company's upcoming results will be very good.
I have also bought today at 83.30 and will hold patiently. I strongly believe this will be atleast 2x by Jan-Feb 2022. Moving similar to Jainam Ferro, same LM for both, Promoter acquisition in both stocks post listing...
Thank you @Nilaykumar for your kind words. Yes, my main objective in investing is first to preserve the capital and I'm trying to follow the Zulu principle of investing (just started investing 6 months back myself). I guess gains small or large will automatically follow. For preserving capital, it becomes quite important to extract information from balance sheets, annual reports, or other sources. Today he placed the remaining 90K shares bid at 85.5, I was expecting that he would place a bid at 82 and was planning to purchase a few more lots. But I guess we cannot control the market.
@mravi sir. This is gem of a company providing rental solutions for IT Infrastructure business. More like a cloud model of infra as a service. Looks great future. We follow your advices very closely sir. Thanks always
Plz confirm, which broker allows to sell and buy online SME stocks (SME scripts). I have demat with AngelOne and they don't allow this. They asked me to call CstCare and put an inhouse order for which status is only available with contract note.
@Denim, Thanks for sharing the bulk deal of Hem purchase. Great news. (expecting UC for few days, just because of this news 🤞). btw, Never saw Hem in a bulk deal before.
Sir, Hem has been doing bulk deals in the past as well. I vividly remember that they did a bulk deal in Jainam Ferro Alloys, after that the shares gradually picked up. On that basis, I expect Silicon to double up by the end of this quarter.
@GSMR, @Denim Added 10 lots more today. confident after Hem's bulk order, (though there was a bit of selling today, it will recover and move up in few days)
Sir, as per the bulk deal data you can find only Purchase deals and not Sell deals. This indicates selling is primarily done by retail investors and not HNIs. So, we just need to wait for the shares to transfer from Retail investors to HNIs and then this share will fly. From the Retail quota I can say that around 50-60% shares have already been bought by HNIs post listing. So, just need to wait a little more.