Univastu India Ltd IPO Message Board (Page 4)

Hey Prabhakarana, wrote to you on Meera Board too. The stock is around 60. Do you still hold it?

Yes. Sold one and holding the second lot of Meera

Prabhakaran ji I have one lot of Accord ...... Actually can''t figure out what''s happening .... Do u have any idea ?

Hi Gala ji,
I didn''t apply for this IPO and thought of buying it around 72 rupee/share.
But, after hearing about speculations about block deals, I''m little skeptic.
I cannot comment based on speculation (because officially I didn''t receive a single negative news).
If I have got Accord allocated through IPO (at 60), then I will hold it happily; as I would already be sitting with 23% profit.
If I have bought it in secondary market for 93 INR (yesterday), I might not exit in panic because at CMP of 74, you could have incurred 20% loss already (take some risk and hold atleast one lot).

As I mentioned earlier, Accord received more bids from individuals (and retailers) than QIBs. So individuals are responsible for huge subscription (looking at PE of 7). Maybe QIBs avoided it because it''s PB is on higher side (2.9)
So, the up-down journey will be there in Accord till the weak hands exit (same case with Meera/Sanganitha).
Once they exit, Accord will stay above it''s fair value of 78/share (which will makes its PE 10 and PB 3.77).
So, I wont be taking any rash decision now - I would wait for another week and decide whether to buy/sell.

As per the link https://www.nseindia.com/products/content/equities/equities/bulk.htm

Many HUFs and HNIs have bought the shares sold by Hem - all other bulkdeals are just accumulations only.
Even Hem didn''t sell their stake completely. So, if they HUFs/HNIs bought huge quantity at 82-84 rupee, I dont think that the share price will ever go below that.

Bulk Deals Historical Data
Data for ACCORD from 04-07-2017 to 10-07-2017
Date      Symbol      Security Name      Client Name      Buy / Sell      Quantity Traded      Trade Price /Wght. Avg. Price      Remarks
07-Jul-2017      ACCORD      Accord Synergy Limited      ATUL B CHAUHAN HUF      BUY      54,000      86.40      -
07-Jul-2017      ACCORD      Accord Synergy Limited      BHAVIN Y MEHTA      BUY      18,000      86.40      -
07-Jul-2017      ACCORD      Accord Synergy Limited      BHAVIN Y MEHTA      SELL      18,000      86.40      -
07-Jul-2017      ACCORD      Accord Synergy Limited      HEM FINLEASE PVT. LTD.      BUY      2,000      86.40      -
07-Jul-2017      ACCORD      Accord Synergy Limited      HEM FINLEASE PVT. LTD.      SELL      96,000      85.11      -
07-Jul-2017      ACCORD      Accord Synergy Limited      JUGGERNAUT ENTERPRISES PRIVATE LIMITED      BUY      54,000      86.40      -
07-Jul-2017      ACCORD      Accord Synergy Limited      JUGGERNAUT ENTERPRISES PRIVATE LIMITED      SELL      26,000      86.30      -
07-Jul-2017      ACCORD      Accord Synergy Limited      KAMAL KUMAR KOTHARI      BUY      18,000      84.89      -
07-Jul-2017      ACCORD      Accord Synergy Limited      MARWADI SHARES AND FINANCE LIMITED      BUY      20,000      85.87      -
07-Jul-2017      ACCORD      Accord Synergy Limited      MARWADI SHARES AND FINANCE LIMITED      SELL      10,000      86.19      -
07-Jul-2017      ACCORD      Accord Synergy Limited      RAHUL DOSHI      BUY      20,000      86.40      -
07-Jul-2017      ACCORD      Accord Synergy Limited      RAHUL DOSHI      SELL      8,000      86.00      -
07-Jul-2017      ACCORD      Accord Synergy Limited      RAJEEV SUBHASH CHAND MAHESHWARI      BUY      20,000      83.87      -
07-Jul-2017      ACCORD      Accord Synergy Limited      RAJEEV SUBHASH CHAND MAHESHWARI      SELL      20,000      84.33      -
07-Jul-2017      ACCORD      Accord Synergy Limited      SREEKANTH KOLAMALA      BUY      22,000      86.18      -
07-Jul-2017      ACCORD      Accord Synergy Limited      VINOD LODHA      BUY      34,000      86.40      -
07-Jul-2017      ACCORD      Accord Synergy Limited      VINOD LODHA      SELL      18,000      86.40      -
10-Jul-2017      ACCORD      Accord Synergy Limited      JUGGERNAUT ENTERPRISES PRIVATE LIMITED      BUY      66,000      82.89      -
10-Jul-2017      ACCORD      Accord Synergy Limited      JUGGERNAUT ENTERPRISES PRIVATE LIMITED      SELL      52,000      84.17      -

So, don''t sell it now. Please wait for another week.

Thank you prabhakaran ji .... Got some conviction and confidence

Hello Prabhakaran Sir,

There is a comment floating about the remarks from DRHP of this IPO.

QUOTE

Went Thru Draft Herring Prospectus... Found Few Declarations :
25. Our Registered office is not owned by us.
Our Company has taken our registered office on leave and license basis from Dhairyasheel Shivajirao Deshmukh for a
period of 44 (Forty-four) months commencing from April 1, 2015 until November 30, 2018. There can be no assurance
that our Company will be able to successfully renew the said leave and license agreement in a timely manner or at all.
26. Our group companies has incurred the losses in the last three financial years
11. Our Promoter and members of Promoter Group have mortgaged their personal properties and provided
personal guarantees for our borrowings to secure our loans. Our business, financial condition, results of
operations, cash flows and prospects may be adversely affected by the revocation of all or any of the personal
guarantees provided by our Promoter and members of Promoter Group in connection with our Company’s
borrowings.
12. Our Company, our Promoter and certain of our Directors are involved in certain legal proceedings, which, if
determined adversely, may adversely affect our business, results of operations and prospects.
13. Our Company has availed certain unsecured loans that are recallable by the lenders at any time.

UNQUOTE

Also, subscription on day-1 was 0.65x and day-2 was 1.41x (cumulative). So, subscription wasn''t that much effective on Day 2. Do you still consider it as SUBSCRIBE?

Thank you.