Systango Technologies Limited IPO Message Board (Page 2)

this one moved as expected....

Sir do you think it will go up? More
I am alloted 1 lot.
I can wait, what's your strategy from here onwards for systango

@kami: its good tech company and its moving up well...keep holding for 6-12 months for good returns with stoploss around 110

Thanks, I will do that

Respected kapj sir, will all e tech ever recover

Pehle to allotment ki ladai..
Aur kbhi 2-4 mahine me 1 mil jaye to ye haal!!

The listing is below the GMP... but quiet a few of the recent IPOs are trading below the GMP and some even below the issue price. Which brings me to the question, ARE these Grey market actual buyers making money or not in SME IPOs? given the background that most SME Ipos hardly make it to the Grey market price and for them to be in profit the price needs to be atleast 10 +% above the GMP.

On another note, today fortunately or unfortunately ICICI direct decided to show its true colours. Never had a problem b4 for some of the allotments I got before selling in pre open on ICICI direct but today was disastrous. In the end I wasnt able to sell in pre open and exited in the market ...Luckily for me at 102.9 vs 98 at pre open

@ Allan
Same question ❓ in my mind about grey market players..

True that! Not so HEM vibes today

Correct..
Last 6-7 ipos from HEM were listed with good premium ranging from 40 to 150%
Although, for this one, I was expecting around ₹16-₹18 premium! (15-20%)

After below expectation listing of systango , Labelkraft with high P/E & D/E seems to be a avoid call.

Good luck! You will get an exit today as well hopefully

i cant exit today sir ...

Great sir, At what price you are planning to sell then?

Expecting one more upper circuit ... so will decide on 17th morning sir...

i thing monday ko bhi Uc confirm hogi

yeah very risky to buy today, will wait for the price to come down.

Dear ipo aspire sir, I am stuck in all e technology. I bought it @ high price and now it is only going down and down. Need your advise. I can wait for 5 years max

Dear ipo aspire sir, I am stuck in all e tech. This company just moves in downward direction. Don't see any hope of recovery. What to do. Please advise. I bought thinking that it will be another varanium cloud in the making.

@Medha, although you’ve asked question from Ipoaspire, taking some liberty in responding. Apologies, if it’s not deemed suitable and I request Ipoaspire and other experts to still respond to your query.
All e tech is fundamentally very good, in fact much better functionally and at significantly better value than Systango also.
Three key points -
- Management is very focused on growth. They had an excellent Q3, and expecting Q4 to be blockbuster also. FY23 rev expectations are > 100Cr. which will be 38% YoY growth
- They are actively looking to acquire 1-2 other IT companies to expand into Europe and other technologies. This should be imminent as that’s what they raised the IPO funds for. This will springboard their growth.
- Management is very transparent and even though they are not required to share their results every quarter, they’ve assured they’ll be releasing results as well as have investor calls every quarter. This is extremely positive from an SME company.

You say you can hold for 5 years. In my view, you’ll see multibagger return fairly soon. Hold and leave aside for at least two years and your next 3 years will pass very easily. 😅

Dear kapj sir, deeply encouraged by your knowledge. Sir will your advise come true as per your experience.

@kapz sir
By any chance you are tracking, DCX it's been down real bad, won't show any upward movement.

@Kami, yes, have been tracking DCX as I’m holding it too. Like you, I’ve been quite disappointed as well with the shares performance, which I guess is primarily because of slight reduction in Q3 revenue on YoY basis, which wasn’t expected especially for a defence sector stock. Again, fundamentally this company seems very strong with a comprehensive order book for FY23-25 delivery, and I believe it just needs one good news to fire very strongly. If Q4 results come good, that’ll be the moment of glory for DCX.
Even if it doesn’t hit the jackpot in Q4, if you are a long term investor, stay putt in this and with significant focus on defence sector and Atmanirbhar Bharath, this will certainly yield good returns by the time it works through it’s current order book. In fact, it’s now at such a good bargain, I’ll be adding more to my holdings before Q4 ends, with the hope that the results turn it around.🙏

@kapz sir
Thanks for words, I really appreciate it
Let's hope for the best

@kapz sir, if you tracking RBM Infra, please guide what to do, I can hold for one year with capital protection...I have two lots..one from IPO 36 , and another at 76 ...It is down by almost 50% from High, what to do now, exit or hold... please guide ... thanks in advance..