Chaman Metallics Limited IPO (Chaman Metallics IPO) Detail

Bakwas performance by both hem and CMNL.
Lost confidence in Hem completely now.
I am thinking to exit and save my hard earned money. Also, thinking to write one email to Hem Securities about its ill managed approach for all the newly listed shares under its name.

Heavy selling in recently listed SMEs. It seems HEM needs to arrange funds for MACFOS, hence no/low support in CHAMAN and EARTH.

Hem ne sab ko barbad kar dia by its poor performance.

CMNL and Earthstahl bot have hit their all time lows today and there is no indication that these will reverse soon.

Ye dukh kaheko khatam nahi hota be 🥲👍!!

@Ajay Khosla
I fully agree with you. Hem Securities has definitely not lived up to its name & fame. Now onwards, people will think twice before buying smes from secondary market. Recent destruction in prices will force investors to restrict themselves to primary market because those who bought on listing have suffered huge losses and their confidence has been brutally shattere. Now on, it will be very interesting to see how much buying comes after listing and will it be sufficient to stablize the prices. Atleast retailers don't have confidence to take such risk.

One more good update for long term invester😃

Hello Mr. Investor

I was not having any projects for the last 2 months. So, I was having 4 hours free daily from my office work. To utilize that time, I went ahead and checked the latest companies for which the lead manager was Hem Securities. Lets see the trend or present scenario:-
1. Earthstahl-Very close to its listing price.
2. CMNL-We all know the story. No need to repeat it.
3. Baheti-Very close to its listing price.
4. Cargotrans-Approximately 40% up from its listing price.
5. Vedant asset-Much below its listing price.
6. Cargosol-Approximately 14% up from its listing price.
7. Silicon rental-Approx 72% from its listing price.
8. lloyds luxuries-At its listing price.
9. Concord-75% up from its LP.
10. Kesar India-Much below its listing price.
11. Eighty Jewellers-At its listing price
12. Krishan defence-80% up
13. KN Agri-Disaster

Hmm, Can some make any inference from above?
My inference is this that be it Hem or any other LM, We can be sure from the GMP that the SME companies will give us the profit or not on the listing day but having these in the portfolio for very long time can prove not to be very helpful until and unless you are very lucky to have invested in shares like EKI.

Note-Kindly ignore my above message if somebody doesn't like it. Its my personal opinion. As suggested by Imhilli to me, everybody should take risk according to his or her own risk appetite.

@Mr.Investor. As most of the members suggested each individual risk taking capacity is different. My Entry 68-2 unit & around 59 unit. both below 50 or above listing price(68) will add few more units. Will wait next 1 year or more for sure. @Ajay. Even in my free time did some analysis on movement pattern. 1. It's like aggressive from the listing day(Ex Gargi, Drone); Timeline: within 15-20 days. 2. Initially down then aggressive like Rethan,RMB, Containe, Timeline: around 3-4 months. I believe It's into 2nd group. Note: Please do your research and decide based on your risk taking ability.

Mr.Investor
For a new investor in SME segment, my advice would be to apply in fundamentally sound SME only. Please go through the recommendations of Dilip Sir and Gurus / Senior members of CG forum. I would request you to avoid buying SMEs after listing, till you don't understand the underlying valuations. Generally, operators would not let you buy it after listing till they grab themselves. When they let us enter, it is most of the times, too late (valuations reach discomfort level). So, pray to God that you get allotment in good quality IPOs. In my view, that is the best option for us (though you ought to be extremely lucky to get allotment in SMEs). Take risk of buying from market only when you make some money from SME allotment so that you don't risk of eroding your hard earned capital.
All the best for future SME allotments. Thanks.

Yes IPO share-You are right. People will loose confidence in buying the shares after listing in SME segment. Ultimately, operators will loose in the long run due to this.
LMs also don't play their role much in the companies for which they are hired after some time. I think in SME segment, even the owners are not that much serious about the investors who keep on loosing their money by investing in the shares. At present if you want a proof of what I said, the best example is Kotyark. The LM (Beeline) as well as owners (Gaurang Shah) are sleeping and not doing anything even when the investors have lost 62% of their wealth in the last 4 months and its not like that the LM cant pull the share the price up especially in SME segment but they do not generally do it. Same thing happens with the other companies. So, if people say that they have confidence in Hem, then, they have not done the complete analysis of the share prices of the companies for which Hem was LM. Ultimately, just like SME segment started having herd of investors after EKI, in the same way, it will loose its sheen soon. In SME segment, good fundamentals don't play a very big role but the thing which plays a big role is positive news but unfortunately, a good news in Chaman was not even able to pull up the investors because of fear, big issue size and most importantly, the deceiving nature of operators but we cant blame them because they will gain money only if we loose money.
The same thing happened with nifty also. Too many new people joined the share market in 2020 but after seeing that in the last 1.5 years, nifty is at its same place, they got out too.

@iposhare-Just out of curiosity, Ae you holding Chaman and if yes, what is your strategy?
I am a newbie here and joined an year back only. I am holding Kotyark and now, 2 lots of Chaman and regretting now that why didn't I sell Chaman. I hope that it gets to the recovery price soon but the chances look grim. Hem tried to pull it up but it seems the LM also looked vulnerable in front of operators this time.

@Ajay Khosla
I am sorry to see you under loss but I am not holding Chaman. Holding Earthsthal only @63.80.

@iposhare-Thanks for the reply.
Chaman is exactly on the same path which Precision followed.
And my 2nd share, Kotyark too is in mess. Both are mistakes as both are fundamentally strong but SME segment is all about operators. So, its difficult to win in this segment after listing from operators.
Gave up my hopes in both the shares now.

@Gurumahadev, Have you bought today ? It went below 50..

Little busy in organic farming work, Monday have plan for both reclaim rubber and chaman.

Me too, planning to add 1 lot on monday

Thankyou @Ajay Khosla sir @Gurumahadev sir @Iposhare sir for your replies.

@ajay sir thanks for the analysis,it is really insightful. I will do more research. And moreover i think the metal sector is currently in a bearish state.
@gurumahadev sir I just needed advice from you guys to form my decision whether to hold or book.Looking at your conviction and it's fundamentals i must hold it. this community has been nothing but helpful.

@ipo share sir i got 2 lots of chaman ,sold both at 65. And then again bought at around 58. And yes,what you told about buying from open mark is really accurate. It's just that this is the 1st sme stock that I'm holding,so I'm a bit nervous.

Really sorry for late reply,was traveling since 2 days so couldn't reply.

Mr. Investor. I think if expansion plans gain movement it will move.

@Gurumahadev sir! Yes! Let's hope for the best

Added.

Nice to see that you have strong belief in your own analytical tool. 👍

Short term for kids, long term for legends...

It is following the same trend as that of Precision metallics which proved to be a disaster for the first few months.

Hopefully precession story won't repeat here. Chaman is fundamentally much stronger and HEM as a market maker. Adani fiasco is behind the present market mood. Let's see, how long it goes on.

worst comes to worst

It is very close to the point from where it picked up its momentum. It was 51.55 on 17th February (lowest point in these days), went up after that for just 1 day when Vinod Somani bought it and now, its back.
I am unable to figure out why Vinod Somani bought it at 58.6 which is very costly. There were too many instances when he could have bought the shares much below even 55.

Earthstahl too has come down drastically.
I think there are 3k to 5k people only who trade or invest in SME segment and after listing, most of them pull their hands out of the shares because they need need funds again for the new IPOs. After this, it becomes very easy for the group of operators to manage the share price by putting fake buy or sell orders regardless of what the balance sheet says about the company.
The investors who put the money after listing when don't earn much in the 1st 2 or 3 months in the SME segment ultimately sell their shares after loosing patience. This is the moment when the operators start playing their games. They are very smart people who generally don't want any investor to earn money. This is what the recent survey says conducted by SEBI that almost 95% people loose their money in share market especially in F&O segment and 5% are the ones who are called the operators.
Note:-My personal views

@ Ajayji
Take risk as per your appetite. But there are many small investors like you and me in SME also who buys after listing and make profits. In SME risk is more, but gain is also more. I personally have made losses also. But there are few which looks good and we can be hopeful. Again I will say that take a decision as per your risk appetite.

Broader aspect none of the recently listed IPO’s are performing, don’t know the exact reason.

Agree with you Mr. Presevere

Unbelievable selling pressure again

Expecting a 20%Uc today, which could be a positive sign.

@Imhilli not sure about uc as intense selling pressure is there..
I don't know why those guys are placing such huge orders ,if seriously they gave to sell then first let the stock go to uc and then easily can be sold..