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abdixit's Comments

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11. abdixit  May 9, 2019 09:34 Reply

Neogen Chemicals Limited IPO

I am keeping a sell order @251. I don't want to go in those multiple lower circuits. So if it closes on higher circuit well and good, else I am out before lower circuit.
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11.1. Gaurav DD dimer  May 9, 2019 10:24

Neogen Chemicals Limited IPO

How u keep a sell order @251?

As price is above 251, then it will be automatically sold to market price.
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11.2. abdixit  May 9, 2019 11:36

Neogen Chemicals Limited IPO

Use trigger price. When price hit the trigger price that time only order will be sent to exchange.
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10. abdixit  May 9, 2019 09:07 Reply

Neogen Chemicals Limited IPO

In pre-open, another higher circuit. So there will be no chance to buy and sell once market opens.
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10.3. abdixit  May 9, 2019 09:13

Neogen Chemicals Limited IPO

@Pardip
It was showing 276.70 at one point. I think circuit doesn't trigger in pre open.
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10.4. Pardip  May 9, 2019 09:21

Neogen Chemicals Limited IPO

I also thought the same and made money in my mind
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9. abdixit  May 8, 2019 09:31 Reply

Neogen Chemicals Limited IPO

Why NSE pre-open not showing till now ?
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8. abdixit  May 6, 2019 15:10 Reply

Neogen Chemicals Limited IPO

For people who blame registrar to not get IPO allotment and who doesn't understand how random allocation works.

I written a program to check if 10,000 applicants applies for IPOs and for each IPO selection ration is 1/5. So for each IPO 2000 people will be allotted shares.

After Applying in 10 IPOs :
People with 0 allocation : 1070 (Means out of 10,000 people 1070 didn't get single allocation even after applying for 10 IPOs).
People with all 10 allocation : 0
People with more than 5 allocation : 306

After Applying in 20 IPOs :
People with 0 allocation : 125
People with all 20 allocation : 0
People with more than 5 allocation : 5

After Applying in 30 IPOs :
People with 0 allocation : 5
People with all 30 allocation : 0
People with more than 15 allocation : 4

Note : As this calculation is based on random number selection. These figure also doesn't remain fixed. With every run of program these number changes.

I just wanted to show here that we think that registar might be doing something wrong because we haven't got any allotment in past 4-5 IPOs. But this result shows that there are genuine chances that people do not get IPO allotment even after applying for 20-30 IPOs.

Note : This program assumes all applications are valid. So technical rejection also not considered here. Which in real case may increase cancellation chances.
Note : IPO allocation ratio kept 1/5, which in many IPO can increase up to 1/10-20.
Note : This calculation is based on total applicant 10,000. So if Total applicant are 1,00,000 all numbers increase by 10 times. And there are pretty good chances are that you do not get IPO allotment.

I hope you understand this.
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8.1. KING VINOD  May 6, 2019 17:20

Neogen Chemicals Limited IPO

I agree with you. What you said was correct.
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7. abdixit  May 4, 2019 13:24 Reply

Neogen Chemicals Limited IPO

Amount got debited from Union Bank. In SBI amount is still blocked. No allotment status in linkintime website. So no confirmation on how many lot allotted. :(
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6. abdixit  Apr 26, 2019 17:02 Reply

Neogen Chemicals Limited IPO

NII ~ 114x

Interest cost @7%p.a. for 11 days (Due to delayed listing) = 45.35 paise for 1x
NII costing = 114 x .4535 = Rs.51.70/- Per share

It should least +51.7 for NIIs to cover interest cost. So hope for rise in GMP.
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6.2. abdixit  Apr 26, 2019 18:43

Neogen Chemicals Limited IPO

NIIs takes loan to apply for IPOs. Interest calculation is for that amount.
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6.3. nileshkp  Apr 26, 2019 22:27

Neogen Chemicals Limited IPO

@Downy, Mostly NBFC provide funding to HNI and they have current account not saving account only saving account receive interest and also this money getting blocked and never use for another purpose therefore it can attract interest cost.
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5. abdixit  Apr 26, 2019 12:05 Reply

Neogen Chemicals Limited IPO

I request all IPO Guru's of this forum, to just say Subscribe or Not Subscribe. We go by your words. Don't give us subscription numbers. Just say the word Go or No-Go.

Also post it before 1:30 PM. Most of us also apply through banks which close by 2 PM.
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5.6. sree vas  Apr 26, 2019 14:44
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5.7. sonal patel  Apr 26, 2019 14:47
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4. abdixit  Apr 16, 2019 09:28 Reply

Polycab India Limited IPO

RVNL, least favorite among the 3 IPOs stands at 6000+ profit per application today within 3-4 trading session.

Polycab was most favorite IPO. So definitely it should be a hold.
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3. abdixit  Apr 15, 2019 10:38 Reply

Polycab India Limited IPO

I received only 1 lot from 11 applications. :( :( :(. I was expecting at least 3.
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3.1. abdixit  Apr 15, 2019 10:41

Polycab India Limited IPO

Just for clarification :
1) Applied 1 lot from ICICIDirect in my name. Account also in my name - No allotment
2) 5 Application from SBI bank. Account in my name but all application in other names. Not from family. -> Got 1 allotment.
3) 5 application from Union bank. Account in my brother's name. Application in his name and 4 other persons. -> No allotment.

So I know it's hard luck for me. But still people are getting allotment in other person't demant while applying from self bank account.
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3.2. rayeli  Apr 15, 2019 10:42

Polycab India Limited IPO

11 applications are acceptable on same name?
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2. abdixit  Apr 9, 2019 15:10 Reply

Polycab India Limited IPO

Till 3:05PM :

QIB : 51.63x
NII : 15.16x
RII : 3.68x
EMP : 2.67x

Total : 19.71x

Application wise in Retail : 2.28x
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1. abdixit  Apr 5, 2019 10:30 Reply



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