There is no point of buying at this level or any share after such a huge premium. Earlier it is fine since even after there used to be a good movements even after 100% . But now it is evident that all biggies are dropping the shares looking at the first day volume of the recent IPO's . Only retailers are getting trapped thinking that it will go high. The scenario is
IPO retail allotees will drop shares slowly and those who have purchased for short term gain also will book loss and the price will fall down. This is the reason like smart buyers like Ravichandran etc is not entering in to this
111. Vnrao| Link| Bookmark|
August 11, 2023 9:27:50 AM
Top Contributor (300+ Posts, 100+ Likes)
Broader market opening expect Green to Falt after 2-3 days red flag.....will support listing gain............ Can list above GMP per Ahmedabad local broker....if Oriana not impacting it.............. Hope for Good..........
@lokes Sir I have only few queries regarding HNI application Why there are three bids in each application?What is use of three bids in fixed price issue? Really thanks 🙏🏻for giving important information regarding HNI allotment in oversubscribed issue in Oriana forum ... Please answer my queries,🙏🏻
98.4. Safe Bet| Link| Bookmark|
August 9, 2023 6:58:11 PM
Top Contributor (500+ Posts, 100+ Likes)
Congrats @Lokes !
More than 50% of the issue with anchors/QIBs. Hyped up gmp as per general opinion... GMP still holding a bit.. This is going to be a very interesting listing... Any one dares to predict???🙂🙂
98.5. lokes| Link| Bookmark|
August 10, 2023 2:46:08 PM
IPO Guru (4300+ Posts, 5100+ Likes)
@KBG there is no use of three bids in fixed price ipos, even cut off is not applicable....and even in book built ipos, now a days there is no use of multiple bids since every ipo is being oversubscribed so 1 bid at issue price is enough...
98.6. lokes| Link| Bookmark|
August 14, 2023 1:44:11 PM
IPO Guru (4300+ Posts, 5100+ Likes)
Sold it yesterday at uc price...as listed with good premium....