I have applied and got allotment in Suryadaya SFB @ 305. Today it is below Rs 150 in market. Lost heavily in IRFC IPO also. Kindly advise should I sell these two shares and book loss
178.1. arunARUN| Link| Bookmark|
September 3, 2021 12:51:47 PM
IPO Guru (1900+ Posts, 1600+ Likes)
Lost heavily in IRFC? (booked the loss) Most got only 1 lot allotment unless you applied under HNI. Average in Suryoday at current price. Could have existed at 250
178.2. Chem cho| Link| Bookmark|
September 3, 2021 12:59:19 PM
IPO Guru (2600+ Posts, 2700+ Likes)
slowly people will inform they are trapped , in IPO shares and other non IPO shares so buy quality stocks
Markets are at peak so book profits
178.3. jstm| Link| Bookmark|
September 3, 2021 1:20:41 PM
IPO Guru (1300+ Posts, 3200+ Likes)
Avg. Suryodaya below 150 and exit fully between 200-225 range. Hold IRFC and wait till September quarter result.
I too got effected due to suryoday. Donno whether to apply VDC or not. Shall I apply?
178.5. ipobull| Link| Bookmark|
September 3, 2021 10:54:31 PM
IPO Guru (1000+ Posts, 1000+ Likes)
@ Amukho, Couple of days back, I sold IRFC @ 23.10 and purchased PC Jewellers @ 22.70. Now, PC Jewellers is almost near 27. So, such strategies help. Regarding Suryoday, I advised forum members not to purchase it, but they fell in the trap. So, you can sell it at its current price of 150 and buy Zomato which is available at the same price or go for Devyani International which is at 127. You should be rewarded in the long term.
Thanks everyone for your kind advice and guidance.
178.7. jstm| Link| Bookmark|
September 13, 2021 2:30:19 PM
IPO Guru (1300+ Posts, 3200+ Likes)
@ amukho 20% upper circuit in suryodaya small finance bank. Hope everything goes well. Tomorrow you can exit above 200. It''s just 10 days and see the magic.
I am also trying to average at 150/- but suddenly it jumped to 20%, I think we have to watch tomorrow to do the average or wait for more uptrend to come out of it..
I have a feeling that Vijaya Diagnostics IPO will be big surprise for everybody. This is one of the leading brands in Hyderabad. The only diagnostic center that the US/Canada/Australian governments have approved in Hyderabad.
172. jstm| Link| Bookmark|
September 13, 2021 4:08:14 PM
IPO Guru (1300+ Posts, 3200+ Likes)
Today recently listed Krsnaa Diagnostic made new low which is not good from the listing point of view of Vijaya Diagnostic. It can list far below par.
171. sree vas| Link| Bookmark|
September 13, 2021 1:30:07 PM
Top Contributor (500+ Posts, 100+ Likes)
this is the first time seeing people predicting by how negative it can list.. have 1 lot alloted... will plan how to get out
I applied for 3 lots in retail thinking application won’t hit 1x. But by day close it did hit 1.09x application for retail and same or more for all other categories. As we hear that in retail you’ll get only one lot if 1x applications received. Anyone understand how could I get all 3 lots in my single bid application?
Number of applications wise retail was < 1x as many people would have applied for more lots and many would not have accepted mandate. Hence it was full and firm allotment for anyone who applied at cutoff or 531.
Thank you @Johny & @Ashoke ji for quick response. I used to go by the subscription times in the grid above. Looks like I need to learn how to find if it’s possible to know the number of applicants, as that’ll allow me to decide multiple vs single bid to apply.
@MintIndian Anything adverse can happen if applied in multiple lots other than money being stuck for few days?
Note: I apply 1 lot anytime retail subscription hits >1x. For this one, I wanted more and retail subscription numbers were below 1x on last day, hence applied 3 lots.