I need an advice. I am a beginner and a retail investor. Mapmyindia listed at 1565. I did not get chance to sell on listing day at good price. It went down and down. Luckily a week later I could sell at 1762.
I did not apply and did not monitor, what happened on VIVO listing day. Not can see the graph in google. I read from your chats, it opened at 355.10. I guess, it hit UC and then LC.
1. Was their sufficient opportunity to sell VIVO? 2. How to place preopen bid?
Do not wish to get stuck on listing days, if I intend to sell any stock. Thank you in advance.
Hi guys Applied 2lots in NII in the 2nd day . The last day NII is more than 100 times. Only through lottery. If have luck get some allotment..we will wait and see.
Its disgusting that Federal Bank closes ipo application@2pm. Then how can I apply on last day based on 2.30pm subscription figure. Was planning to apply for this one but because of the time.. oof
41.5. DEVBULL| Link| Bookmark|
January 4, 2022 1:52:42 PM
Top Contributor (400+ Posts, 100+ Likes)
Applied for 94 lots and 61 lots in two different accounts.
41.6. lokes| Link| Bookmark|
January 4, 2022 1:55:36 PM
IPO Guru (4300+ Posts, 5100+ Likes)
@devbull: i got busy in work so couldnt check here.....it may cross 100X also final...assuming final figures, if whatever we can apply that comes under 50% then apply odd lots else apply proper lots. 50 lots would be better here if it crosses 100X else 48/49/47/51 etc anything. Luck will matter more anyways other than these things....
@Noorul if applied 130 lots and subscription is 80 times,is there any chace to get two lots ?
41.8. lokes| Link| Bookmark|
January 4, 2022 2:17:18 PM
IPO Guru (4300+ Posts, 5100+ Likes)
@ipo bhakt: yes it has good chances to get 2 lots.....technically it has 50/80 means 62.5 % chances to get another lot, and practically that depends on another applicants with similar no. of lots application and then lucky draw etc.
@Devbull... Estimation of 50% of expected final HNIx and than to deciide odd/even sometimes can backfire. I will give my example - I applied for 100 lots in an IPO but in final moments expected HNIx to reach only 180-190x subscription. Aimed at odd lot size with above 50%, I revised my bid to 101 lots. Later on final HNIx subscription crossed 220X and I fell in <50% catagory with odd 101 lot application and wasn''t allotted any.
41.11. lokes| Link| Bookmark|
January 4, 2022 2:54:15 PM
IPO Guru (4300+ Posts, 5100+ Likes)
@avenue: ya final 4pm assumption if not correct then it can backfire too. Wese bhi sab luck hai yar.....we will never know for any no. of lots, how many co-applicants will be there and then in lucky draw too, luck needed. Hmm but sometimes it helps when we are luckily coming alone like Mravi at 218 lots was alone in vivo or in cases when we coming even above 75% category so that if 2 applicants then both will also get allotment.
HNIx 140+. Now all of us with 38, 39, 48, 49, 55, 59 even 61 will go in lottery and worse part is no allotment if you do not have required companions with similar lots application. Earlier I wanted to be odd applicant but now am looking for a friend @55 :) Is there any body who applied for 55 lots.......................???
41.14. DEVBULL| Link| Bookmark|
January 4, 2022 4:14:10 PM
Top Contributor (400+ Posts, 100+ Likes)
@Lokes, @Noorul, @Suneel, @Avenue, all other friends Thank you. First part of the game is over. Hopefully, let us wait for allotment. @Manish jack. I am a self funded investor. @ M Ravi. As usual, you will get firm allotment(s). Congrats.
Guys! What to do now in coming days, this forum is so addictive :) When Mainboard IPOs were not available we moved to SME IPOs. Now even those seems to be over, atleast for the time being. Does anybody has any idea to keep us busy?
As said by @Nooral he remains busy with friends, you can also be busy with friends or secondary market. If you have limited friends and don''t work in secondary market, then you can start a thread KNOWLEDGE FOR NEWBIES if you like. I will be happy to have this knowledge. Please think about it. Thanks.
@lokes, i applied for 130 lots and the oversubscription will look like 150 .what are the chance to get one lot
36. snipperRaj| Link| Bookmark|
January 4, 2022 2:33:44 PM
Top Contributor (300+ Posts, 200+ Likes)
why icici direct is not allowing to revise bit post 3pm in SME? In Mainboard, it allows till 3.30pm, but for SME, the revise bid button disappeared post 3pm...
36.1. snipperRaj| Link| Bookmark|
January 4, 2022 2:58:31 PM
Top Contributor (300+ Posts, 200+ Likes)
Guys, can someone provide which brokerage/bank provide bid time till 4 or 4.30pm. Its better we all switch to that. i know icici direct allow 3.30 for mainboard, 3pm for sme Indusind allow 3.30pm for mainboard/sme. axis allow till 3pm
I am an NRI, applying for IPOs though repentable account. On a short term profit bank is deducting tax at source. Is the short term tax claimable from IT?
Till date I have not filed IT returns. if short term tax is claimable, I will file IT. or else no other taxable income I got.
TDS is correctly been deducted. Since you are a non resident, you cannot use your basic exemption limit of 250000 against the STCG. [Only a resident individual and resident HUF can adjust the exemption limit against STCG covered under section 111A. Thus, a non-resident individual/HUF cannot adjust the exemption limit against STCG covered under section 111A.] Thus no refund can be claimed by you for the TDS. Regards, CA Yash
SME IPOs are mostly speculative and lower liquidity due to very small equity base and large transaction size. It is very much possible that people putting money in SME IPOs are stuck in the stock for long with no light at other end of the tunnel.
Irrespective of what people say, it is extremely difficult for anyone to analyze the quality of any SME issue. People need to be skilled enough to take right decision NOT ONLY before putting money in SME IPO but POST SUBSCRIPTION decision about how long to stay invested. Subscription can be bought with putting crores in free liquid money available with anyone but money can only be made when someone is able to take right decisions at multiple decision points.
One not only needs luck but also skills. Remember SME IPOs in not for everyone who has money...It is very high risk vs somewhat higher return path to earning. It really doesn''t make sense to earn 10% on an average in 4 SME IPOs and then lose 60% in next one. Invest wisely and only based on you what you ...yourselves really understand.
29.1. lokes| Link| Bookmark|
January 4, 2022 10:31:03 AM
IPO Guru (4300+ Posts, 5100+ Likes)
one more such post now by @duckkyduck but i feel these awareness won''t impact much. What will impact more is a "fire in the fair to disperse crowd" as said by @M.K recently :) Anyways good message from you both to inform about risks associated in smes. Even if vivo listed with huge gains, for some people that was a blunder who entered after listing and will have to see around 1 lakh loss in 3-4 days of LC . Hope people will be able to get out soon or able to recover money if keep holding and take some lessons for future, for not getting carried away, by too much optimism created, and by buying at any price.
I also cautioned bacuase of bigger lot amount in SME especially for small retail investors invesors with limited risk apetite. However we can only warn people of the risk associated with SME and atleast now I hope everyone knows SME is simply a gamble. Life teaches lessons if other cann''t. I myself have burnt my fingers many times in equity. I just hope SME lesson is available at a cheap cost.
29.5. RJ Rocks| Link| Bookmark|
January 4, 2022 12:10:07 PM
Top Contributor (400+ Posts, 200+ Likes)
Luckily I got big jackpot in Vivo and booked timely on listing day at UC. These give me some confidence that in future if i trap in any SME will not impact that much.
29.7. M.K.| Link| Bookmark|
January 4, 2022 1:10:16 PM
Top Contributor (300+ Posts, 200+ Likes)
@IPO Mitr @Avenue @lokes @nowrool
The helpless feeling of being stuck in LC (with loss) day after day cannot be expressed by words... It has to be experienced. The efforts made to place order in preopen / AMO for next day... Just to get rid of the holdings... These teach lessons which theoretical knowledge and warnings cannot give.
Some may feel that these things are being said to dissuade others from applying, but this forum whike having a good reach, doesn''t have that great an influence to change everyone''s minds all over India.
These things are mentioned for the benefit of people who have π in their eyes... They just see the π΅ π΅ π΅ to be made on a positive listing.
Remember : Just invest that amount IN SMEs which if it becomes ZERO, won''t impact your lifestyle.
Going forward SME''s IPO will appear like main board IPO on ICICI Direct. Good news for account holder.
27. K.Atar| Link| Bookmark|
January 3, 2022 10:55:51 PM
IPO Guru (1000+ Posts, 700+ Likes)
This is a competitive but repetitive and lucrative business model, comps. generally book air freight slots in bulk and in advance and for container rate margins also high, the custom clearance (if majority of jon is hassle free/no remark or hold by custom inspector then it results in repeat business), timely filing and presenting the docs to custom authorities is key in this business, also many shipments comes on CARNET - that is for exhibition and trade fairs etc and they go back after job is done and these types of companies also custom clear imported goods cars etc., and its a profit making business BUT a lot depends on the integrity of the promoters and experience
I feel it has some potential.
My opinion comes from my freight forwarding job background, I was delhi based but bulk of the profit of the company would come from south India region.
Haven''t researched on the company but by first look it is good to go.
This is my personal opinion and I may be biased and wrong. Please correct me if you find anything misleading or inaccurate.
Thanks
27.1. K.Atar| Link| Bookmark|
January 4, 2022 1:09:01 PM
IPO Guru (1000+ Posts, 700+ Likes)
2 applications applied.
something is better than nothing.
26. hchc| Link| Bookmark|
January 4, 2022 1:07:24 PM
Top Contributor (300+ Posts, 900+ Likes)