Kotyark Industries Ltd IPO (Kotyark Industries IPO) Detail

@GJ : you still holding it or sold on friday ? it went on UC as i said to hold till friday. it reached 55.70 on friday in UC but traded volumes also increased to 48K .

@lokes,
Still holding it.
Did set GTT (Zerodha''''s VTC) for price 51 rs with a trigger at 52 rs.

Like I said in that other thread,
Not being greedy here, but thinking of holding it for some more time. As I still think, the business model has future growth.

if it will go down below 52, will try to exit ASAP.

Also,
you said, "but traded volumes also increased to 48K"
it is not a negative thing, right?

@GJ: ya keeping stop loss and trailing it daily, is always good now, to lock profit and avoid downside risk.
And more traded volumes on UC is negative considering sellers increasing now means its not strong UC now, as it happens normally at some on continuous UC''s but still UC didnt broke with strong volumes means enough buyers are also there at UC price so you can keep holding as per what i said here in first line.

@lokes,
Yes, planning to trail only.
Understood your point, but from Market depth data, it seems like strong UCs to me, will consider your point also from now on.
Because those buyers (from Market depth) can vanish in no time, but confirmed sellers'' numbers (from traded volume) are a proven fact and not a possibility.
Thanks for the lesson.

@GJ: ya market depth is also a factor but since i dont know market depth at UC as i didnt checked on friday, now i cant see.
So market depth volume is still strong even after 48K traded volumes then no fear, means if market depth is around 20K volumes at least or more at UC price then its fine, below 20K, no big deal since you know lot sizes are bigger here so 20K is not big number if converted to lots.

OK.
As far as I can remember, market depth was showing around 2,00,000 quantities in pending buy orders.
Even now also, in Zerodha, it shows 16K at UC price pending. I know that is not relevant and meaningful, just mentioned.

@lokes,
My trigger for price 57 got triggered and got sold at 55.
Finally got a good exit from Kotyark,
profit of approx 10%.

@GJ: ya congrats :) why so much difference between trigger price and sell price?
i use SL-M in zerodha instead of SL so soon after trigger price it will get sold.
Anyways today u can see traded volume also around 2.4 lakh

@lokes,
Thanks. Yes, I intentionally kept it to yesterday''s close (around 55).
I used GTT for this, did set last night, SL-M is not there, we have to mention Limit price.
Yes, traded volume is 3+lac now. I am thinking to re-enter as this seems to be a small fluctuation only, not a trend reversal. Not sure, but probably won''t enter.
Instead of thinking of buying Nykaa with this money.😀

@GJ: did you check kotyark today?
on monday itself when you sold , at the day end, it closed in upper circuit.
then tuesday also upper circuit. And check today what is happening there :)

@lokes,
Yes, kind of regretting for not following my gut feeling to re-enter.

What do you say, should I try entering in it tomorrow?

@GJ : i cant say anything at these levels :)
No idea how much up it will go or when it can reverse, best would be if your stop loss on monday was at lower side around near lower circuit- may be , then you sell order wouldnt be executed.
now you can decide as per your risk. I dont take atleast such risks. it can go upside also and down also and to any extent.

@lokes,
Understood, thanks for sharing your views.

@GJ : did you saw kotyark today?
it is really going to any extent and on upside :)

@lokes,
Yes, observed and feeling bad for not entering again.
It is going mad.

Actually, I was travelling/driving. So missed a lot of things on Thursday.
And was not able to witness Paytm grand (🤣) listing and performance later on.
and Sapphire also.

Kotyark up again today by 10%. 🤔

yes....that too strong....open price, day low price , all at upper circuit only, no fall in price for even 5 paisa, and in such market conditions too :)

yes observed that too with pending quantity above 90,000 all the time.

next time we will try to hold good companies for longer, instead of getting affected with lower listing due to LM etc, all these are temporary things....company profile matters more for longer time.

Yes, we should.

It should be remembered as learning for all.

@lokes,
U turn
After opening and staying in UC today
Now at LC

hmm, not easy to guess these what will happen when

@Irs, what made you to apply in this SME IPO? Is it because of many comments indicating Apply signal??
SME IPOs are always more riskier and more rewarding which is already proved in recent SME IPOs.
Kindly take suggestions from SME IPO experts like Rajakumar, Small Investor, Dinesh Singh... etc., before applying.

@IPOVini: every expert can go wrong anytime. (here i am saying it generally and not meaning that i have gone wrong, since kotyark gave chance to exit)

you can go to nidan sme ipo and check small investor comment for suggesting must apply for listing gain....so we should apply in nidan ?
Dinesh informed to skip DK just because of LM and it locked in UC after listing and whole day it was above 43 on issue price of 40.....
even kotyark gave chance to exit on issue price or little above....
its just people need to take right action on right time, as per comments

@lokes,
In SME IPO, It is very riskier we will not be able to get out as and when we want due to continuous LCs
Ex: Aashka hospitals
Issue price: 121,
Listing price: 121.10,
Current price: 39
So I am just conveying to people to be very cautious before applying in any SME IPOs.. take suggestions from experts and if you have got enough confidence then only apply and not by seeing only Apply signals from many people.

Regarding nidan, small investor has given his opinion by looking into LM based on his past experience & also financials look good but yeah high valuations. Subscription wise it was not so good but need to see how it will perform on listing and post listing..

Regarding DK, it got listed with +5% premium then it was in LC for 5 trading sessions and now it is in UC from 3 trading sessions and still it is below issue price now, not very sure about tomorrow so still Dinesh''s suggestion to skip this IPO was good I feel.

@IPOVini: you need to see from listing perspective, not how it is moving later (in such sme''s where we are not clear) so DK first day whole day gave enough chance to get out with 10K or more profit and i sold at 43.4 and in kotyark also, it gave chance to exit at 51 as many other exited including me, so we need to be vigilant on listing day and need to take action as per listing and expectations etc. So these examples of aashka doesn''t matter neither hitting LC in DK/kotyark after listing. And aashka was not good at all to apply, as per company and subscription both. And in nidan also, we need to see the listing price, how it moves later after 1 day or after 1 week or after 1 month or after 1 year doesn''t matter, means if it lists with 5 or 10 % discount then no one should take risk for holding longer, means i am saying there its not good to apply in such sme ipo, reasons i gave in my posts in nidan forum. you can go through my posts in DK, kotyark,nidan once.

Anyways everyone has its own opinion and as i already said, any expert can go wrong anytime but overall i agree with you that everyone should go through all comments and then should decide based on understanding and risk capacity.
But your first message first line is not proper : "Is it because of many comments indicating Apply signal?? " ya many were saying to apply in kotyark including me, and there is no issue taking apply signal from these comments, atleast here we got the chance to exit but in nidan, that wont be there i feel on listing day.

@lokes, not everyone apply for listing gain..
In my opinion people who are looking
for listing gain they shouldn''t apply for these IPOs.. such as DK, Kotyark and many other recent IPOs instead they can apply for Bombay metrics, Prevest Denpro... kind of IPOs because there was confirmed listing gains..

Consider they apply blindly by hearing from here without any confidence, then once listing is done they are not aware what action to take.. they will make loss.
May be it''s your good strategy or your luck you exited DK, Kotyark with some profit but others I am not sure..

For your first line, "you need to see from listing perspective, not how it is moving later (in such sme''''s where we are not clear) "
Aashka hospital is the best example it listed flat then how it moved later you me everyone knows so how it will move later also matters not only listing.. So people have to ignore these IPOs or have to exit at right point otherwise they will lose the money.

For Ex, In this IPO itself we can see few people they didn''t take any action so far and already 2 LCs..

I just took Aashka hospital as an example how SME IPO can destroy the wealth..

Never applied SME IPOs but the temptation has been there looking at a few bumper listings.
Surprising how this listed in loss as the numbers are good, unless the books have been cooked up. The statements show steady growth and even healthy operating cash flows
It could be a trap for those who applied looking for listing gain. Best option is to wait a few weeks or even next quarter results instead of booking loss

@ultrasnow: such things are common in sme''s ipo which i have seen and observed in last 2-3 months of my experience. Some are sure shots bets here and some are riskier.

@ipovini: I am in sme ipos from markolines/prevest time, was not there into sme''s during aashka hospital time and i have learned a lot with last 2-3 months of experience. ya i agree with you that everyone doesnt apply only for listing gain and everyone may not take immediate actions after listing, then we all know and everyone should know that these sme ipos are riskier so if they cant get enough idea of any ipo then yes as you said better to invest only in good ones like bombay/prevest but since there chances are very very less for allotment so tempted retailers go for many others also.
And while applying , there may be different sentiments for an ipo and during listing, there may be different sentiments, due to various factors like subscription figure, secondary market performance during that time and other mainboard ipo''s , so accordingly we need to be quick and need to take action on risker ipos after listing if we are applying.
In kotyark itself, i clearly mentioned my opinion 1-2 days before listing on other thread while replying to GJ as i already came to know it will list flat and accordingly i took action. ya i agree everyone may not be same, and some may keep holding emotionally for profits without exiting with minimal loss/profits.

@ lokes : I agree there is an obvious risk with these IPOs due to small float and low volumes. It makes it easy to corner a large portion of the float and thereby manipulate the price
It''s hard if you are stuck in such a situation as I agree the price can be held down for longer than you can hold
With this particular company the fundamentals seems fine so it''s scary how the listing bombed. Does not show the promoter and registrar in good light

@ultrasnow
I am also surprised and stuck, planning to hold for few days/weeks, not sure now.

@Irs,
My suggestion, hold if you can.
If can''t hold, calculate -5% from today''s price till 2 decimal places, use AMO feature, if exist with your broker, to place sell order with this calculated next LC price now only.
This might give you some edge to sell in pre open only if somebody is there to buy with price matching and your sell order is on the top of queue.

@IPOVini @GJ @ Irs : Happy Diwali to you guys :)
Lets hope we can take better profitable decisions in future to avoid losses.
I saw some optimistic posts here from trueinfo and carn mohan before listing, not sure if people got motivated from those to hold this ipo for more time and now having big loss. I knew listing will not be like as they were exepecting.

Yesterday day I sold my lot. And buy irctc share . Hope I could recover my loss.

Thanks Lokes.. Wish you also happy Deepavali!!

@Irs: wish you good luck with irctc, i am also holding that from 820 buying levels.

@lokes,
Happy Diwali to you too 😊

Not motivated from optimistic posts, researched a bit about business and found it promising for the future, that''s it.

Ya...it''s just like we can''t be sure of future moves in these sme''s, big players can easily move this so holding may be risky....LC, UC are common in these.

Don''t wait for longer.
Exit tomorrow in UC otherwise LC will start again.
DK is still below the issue price.

Shouldn''t one wait for 1 more day to let the price come approx to issue price?
I think, it will cross issue price once more.

@Dinesh,
DK is at 39.90, almost at issue price (40)

@GJ : yes DK touched 40 also today.
today its in 20% circuit range. It will move now as per company financials/growth....enough of LM impact.

@lokes,
Yes, DK did touch 40.

Also,
Do you have any view on what @Dinesh said about selling tomorrow if UC in Kotyark.
Considering DK''s performance today and what you said.

@GJ: as per volumes in UC and pending volumes etc , you can decide to sell tomorrow or hold. May be you can wait for one more day to come near to your price. I will check volumes around 12-1pm tomorrow if its in UC and let you know what to do.

@lokes,
Thanks man for the help.

I checked it today, there was around 80,000 quantity in pending buy orders, out of which around 54,000 was on UC price.

@lokes,
Kotyark is on UC from morning itself. Traded volume is 12,000 only.
There is total 1,20,000 quantity in pending buy orders with 1,14,000 on UC price.

Looks like there is a huge demand and nobody is ready to sell at this price, atleast not below their issue price.
Also, it MAY be a purely operator play. I am not an expert here, so can''t say anything for sure.

@GJ: yes keep holding it....you may get better price to sell later.
Keep monitoring volumes (traded/pending both) and then you can sell on friday if you wish if its hitting continuous UC till then....it will cross its 52 week high by then

I am also thinking this only.

Congrats GJ....today its 53.05 , its happening same way as i said.
your patience paid off , but don''t do more greed, Keep regularly monitoring volumes (traded/pending both) and sell today or tomorrow probably. Today also volumes touched 46K and market is not so supportive.

@lokes,
Yes, thanks. Continuously monitoring every move.
Already set GTT (Zerodha''s VTC) for price 51 rs with trigger at 52 rs.

Not being greedy here, but thinking of holding it for some more time. As I still think, business model has future growth.

Also,
a quick question on EKI, its lot size reduced from 1200 to 50, price action every day.
Do you or any other has any view on it?

@GJ: regarding EKI, company had good growth and had many new orders so share has increased so much but at least i don''t take much risky calls. i will not buy at these levels.

@lokes,
Aware of those development.
Thanks for sharing your opinion.

I am not sure, but may buy 1 lot atleast on dips if it comes.
I was not in SME IPOs when this EKI issue came otherwise would have surely subscribed to it.

there is no option left now, you can keep holding it for medium term or till it comes back to 50....or whenever circuit opens and it moves below 40 also then better sell it, means keep stop loss of 40 around.
DK enterprise went for Lower circuit for 5-6 days after listing and then after that its going in upper circuit from last 4 days and now its near to issue price.
I cant say that same will happen in kotyark also but just a hope since no much options left for you now.

@lokes,
I second your opinion.

Apart from Zero listing gain,
any other reason?
not good for the long term?

Moving in DK way.
Better to exit. No one can predict future here.

Dinesh, you knew SMEs better.

@Dinesh,

I ignored your and others'' suggestions, mainly for LM, fool of me.
Now stuck with LC, holding 1 lot, let''s see when I will get an exit from this.

I still feel the company''s business and future are good, never knew the effect of LM will affect this much on the company''s performance.

@GJ : at least i already gave my opinion what i am going to do here on listing day....i got out at 51.9 in morning and i was knowing of almost flat listing here so i had put sell order for 52 only then later changed to 51.5 then later 51.9 and it luckily got executed and that became day high.

you got stuck here, i hope you didn''t got influenced from some of other positive posts in this forum before listing.
In sme''s, whatever i learnt till now, is that, where we are not sure of good listing, its better to get out on first days itself with whatever profit or loss as i informed, else losses can be bigger soon due to bigger lot size.
Anyways i don''t feel that its all due to this beeline LM etc, other factors also plays a role.

Hi noorul bro.....i believe at least someone who had put money in last year in market must have earned good by this year...
i bought some shares last year which i sold in some profits when nifty came around 13K only , means when crossed last year :)
if i would have holded them then many of them were doubled after that , mainly bluechip companies i invested.
Btw i am also from rajasthan , as i saw in some of your post, that you are from rajasthan.

Noorul,
It''s record is as bad as mine with intraday trading.
No matter how good a strategy is, somehow I manage to book loss in that.
😂

@GJ: yes intraday is very riskier and FNO also, i lost enough amount in option trading 4-5 years back. After that i stopped completely all these things, intraday, options, commodity.
Now only shares buying for medium to long term or sometimes for short term.

Lokes its all about timing... current time mad run is going on .. where every share making a new high.. no fundamentals no future prospect.. many r overvalued .. when i was in trading it took market more than 3 month to climb another 1000 points.. anyways no issue.. i think god has some other plan for me and may b best one.. i m making money in business .. however making money in ipo is alwys a pleasure.. n yes me from rajasthan.. jodhpur.

@noorul: yes no one predicted or thought that nifty will climb upto 18k when it made all time high after crossing 12k In last year nov so I sold my all my bluechips like hdfc twin, bajaj twins, ultratech, reliance, Infosys etc with some decent profit when nifty crossed 13k and then regretting seeing those become double in this bull run :)
Me too enjoying IPOs a lot this year...till last year I used to apply only in retail 2 applications for me and my wife and didn''t alloted any good ipo like happiest minds, mtar, burger King, route etc :(
Then from this year only I got encouraged from your and sdz discussions and consolidated all our funds from various places/banks into one bank to apply IPOs in hni category and finally getting some allotment in good IPOs too. Thanks to you both for that.
I am from alwar city, till now I didn''t visited jodhpur and Udaipur, I heard both are very beautiful/heritage cities, my wife visited both before marriage. I will also visit sometime definitely. I work in Bangalore and go my hometown 1-2 times in a year.

Same here... I hve never been to alwar.. and correct suncity is a amazing place ... If u ever plan to visit do tell me and so do I.

Ya sure.

@lokes and @Noorul,
By intra day, I meant intra day in equity and F&O both. I also lost some (not enough) money and learnt my lessons.
Now trying to read and understand technicals from some time.
Investing in direct stocks and main line IPOs from last approx 3+ years.
Making good returns there

Suggested SIP way only to all my known contacts as they can''t track market daily like me.

By the way, I am from Indore, MP
Works in Pune
Same for my wife too.

Recently visited Rajasthan, Udaipur, Mount Abu, Khatu Shyam and some other places.
Roads are awesome on highways.
Driving a car on those roads was a really good experience for me.

Thanks.

I am planning to enter in HNI category, not sure about funds requirements on average and better way to do that.
Let''s keep learning from each other.

@G J,
Great post.
I am also lives and works in Pune.
We will meet someday.
I have 20 years experience in market and earned a lot from the market. Apply both in HNI and Retail category. I mainly deals in primary market.
Let''s keep learning and enjoy earning guys .