Systango Technologies Limited IPO Message Board (Page 11)

Lot of HNIs trusted the HEM's name and invested in recently listed IPOs like CHAMAN, EARTH and then ROBU in PREOPEN, and lost significant capital. That's one of the reasons of low subscription.

@SSingh
I fully agree with you. Earthsthal is struggling to cross listing price @55. As soon as it reaches 55, selling pressure comes and it again settles down to 50. Chaman hardly moves, proving to be an elephant. ROBU has further added to the vows. Performance of these recent listings have definitely dented the long standing image of Hem and and downtrend in GMP of Systango is not surprising.

I wont be surprised if Hem fails to manage listing of this or any upcoming IPOs. So mostly retailers are now taking Hem’s issues cautiously.
I know a lot of ‘Hem Fans’ small HNis who are stuck badly in Chaman and Earth as they have bought several lot at higher prices.
If they had not invested there, then their money would have come here, boosting the subscription figures.
Hem should plan the post listing support of IPOs more intelligently else they will lose confidence of their ‘Unknown HNI Fans’. Known ones must have knowledge where the price support is, when things will move etc etc.

People have unrealistic expectations post-listing, but one needs to understand there is a company behind every stock which takes time to grow.
Fundamental-wise, Hem has always brought strong companies in SMEs and this needs to be appreciated. It's not Hem's job to support the stock post listing. If business is good, it will eventually perform in long term.

@SSingh,
Singh ji,
would u apply or skip this too?

I will apply for LISTING GAINS only. Will apply in MCON as well. Hence my funds will be distributed between these 2.

Many stocks are being pumped and dumped like upsurge,eki (though valuation seems to be good revenue recognition issue is there), varanium (this one also seems to be fishy after eki revenue recognition).
Auditor may qualify later saying it come to his attention now only like that.
Many other stocks are there at abnormal valuation like kore,rhetan,containe technologies, upsurge,veeerkrupa,empyrean cashews ,global secure, coolcaps etc.

Nicely put @Arca. Spot on

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