hurray allotment is out i recd 30000 shares out of 80000 10 min back recd msg from my back for deduction of amount anyone still willing to sell shares?? i am ready to buy 50000 shares at new offer of 14 rs
Surat-based Sysco Industries Limited a record on the junior bourse, SME Platform as the company received record bids ten times the total shares offered for its initial public offer.
Investors thronged the SME-IPO worth Rs. 2.17 crore of the packaging and film making firm, which had opened for subscription on March 31 to April 5, 2016.
The Issue which was oversubscribed before closure of the Issue, proved a magnetic attraction among investors, the lead manager of the issue Pantomath Capital Advisors informed.
The Issue comprised 21.70 Lakhs Equity Shares at a fixed price of Rs. 10 per share. The net proceeds from the IPO would be used for working capital requirements. The Issue constituted 27.28 per cent of the post IPO paid up equity share capital of the Company.
The investors for Sysco''s IPO included HNIs and Corporate institutions besides retail. "Sysco is the exceptional IPO to receive large Retail Participation. This is also an indication of growing popularity of BSE SME Exchange. The market analysts and investors are quite positive on the Exchange becoming a giant for the capital market," Pantomath informed.
up in 2009, Sysco has its packaging material making facilities located at Kim on the outskirts of Surat. The company''s turnover increased from Rs. 43.60 crore in fiscal 2013-14 to Rs. 75.99 crore in 2014-15.
8.2. Septa| Link| Bookmark|
April 10, 2016 9:47:58 AM
(4000+ Posts, 4600+ Likes)
It will have a bumper listing too will buy more on listing put 8 application got 3 my broker both in chennai and mumbai said it will like old times big few bagger listing . IMO target would be Rs100 in near future is possible with EPS of Rs. 4.63 thus asking price is at a P/E of around 2. So a ten bagger in on cards with this one
Applied 8,00,000 and Allotted 80,000 shares. Can buy any qty @17/- and sell 80,000 @22/- listing on 12th or 13th.
8.4. Septa| Link| Bookmark|
April 10, 2016 10:25:58 AM
(4000+ Posts, 4600+ Likes)
good on you Jonam.... but the share price cannot move more then 5% upside and downside beac u s e of T listing let see what is discovery price it list and then how much it goes up...
sont sell sysco or lancer only market makers will make 1-2 lots trade target for syso -22 rs and lancer 26 if anyone still does not believe me can contact me i am a buyer in lancer at17 rs and sysco at 15 rs 50000 each
Can one not buy applications or apply in HNI category. See who applied for 8,00,000 shares when allotment basis comes and company discloses shareholding pattern a day before listing. Then see who actually has fun.
@Septa thanks. Shares from sme are listed in T to T only IF some or all promoter''s holdings are in physical form. Since Sysco promoter''s holdings are all in demat form, listing will be in normal+-20% circuit.
septa sir , rks, all senior members please answer it
1. I have a query. Is the allotment procedure is same in SME ipos, even in this we should go for 1 lot only if subscription is high.
2. Is it possible in SME IPO that it will list more than 20 percent of its price or is it like this that the maximum gain can only be 20 percent on first day from its original price.
3. What is your view on Sysco, have u applied it, what should be the expected listing price. Can it go negative as well.
4. Will there be lower circuit if it goes down SME IPOs
1. the allotment process is same however the lot size is big 2.yes u right max is 20% both side and down side and u can only trade in lots not fraction is lot 1000 u have buy and sell 1000.... however some brokers do fraction trade
3. I have not read the red herring 4. yes same as when it goes up
You can apply for BSE SME IPO using internet banking of banks like SBI,BOB,Union Axis, Kotak etc. ICICI and HDFC doesn''t allow to apply from internet banking. Else you can submit ASBA forms to bank branch like you do for mainline IPOs. Then you need account with a stock broker who allows you to buy/sell SME IPOs easily. In my knowledge most brokers doesn''t allow that. So Check with your broker and let me know if you need any further help.
Thanks ji. I have 3 in1 a/c in ICICI and HDFC Bank and Coimbatore capital market. But none of them deal in SME IPOs Request u to suggest some customer friendly broker''s name who deal in buying and selling of sme ipos thanks once again