@Apurva_Dubey - No I am not tracking or don’t have any positions in Yash Optics & Lenses. To me this space looks very crowded.
Interview with the Chairman and MD of Namo eWaste Management - Mr. Akshay Jain
Innomet Advanced Materials Limited, a leader in the production of a diverse range of metal and alloy powders, is launching an SME IPO.
Watch this interview to learn more about the company from their top management - Mr. Vinay Chilakapati and Mrs. Saritha Chilakapati.
Sodhani Academy of Fintech Enablers Limited (SAFE) offers financial training, consulting and learning services.
Have a look at this video to understand the company’s business.
Rs 3.2 Lkh crore blocked in bank accounts towards Bajaj finance IPO size of 6600 crore- looks scary !
SD Retails Limited, a niche sleepwear fashion player, is coming up with a SME IPO.
Watch this interview with the promoter Mr. Hitesh to learn about the company’s journey → https://youtu.be/QMy7Nl0rBSI?feature=VPshared
HDFC Bank approves IPO of HDB Financial Services
To the experts here, I am curious about who the buyers are that purchase shares at such high premiums in the grey market before an IPO, and who buys at such high premiums on the listing day. Additionally, can we trust the news articles reporting pre-listing Grey Market Premiums (GMP)? I can’t help but feel that this might be a form of market manipulation. I’d appreciate your insights.
People who got excited for an IPO, and have applied for it but did not get allotted buy on the listing day, not necessarily for fundamental reasons or owning the shares for longer periods, but due to the created hype, and want to get a piece of the action, FOMO included. These days, a lot of people know and talk about GMP, so my opinion is that, it has no weight, I could be wrong.
Manipulation is a loose word, it has no exact meaning, and is thrown around a lot, as it has become quite popular. I don’t know if it is a term used in law, in the context of markets. Manipulation or not, when everyone is so excited and pumped up, and is talking about an IPO, the price can see highs even after listing until the sellers take a decision. And, of course, occasionally there might come a business which can be looked at from a long term view, and can be participated in.
When people are talking about buying the parent company so that they can apply as shareholders in addition to applying in retail category, and if they can apply as HNI, via UPI, netbanking and what not, there sure is a frenzy. And this can go on until the excitement withers away and liquidity dries.
Not applied for any IPO recently, although the little excitement of applying for a newly listed business and getting allotted so as to ‘feel’ like an early bird does occur from time to time, despite knowing that it does not move the needle
You can check this thread for some perspective.
Most good SME IPOs are taken by trading firms like Mansi and Multiplier on listing and not even a single share is left for retail. The stock then goes into upper circuit for few days when they are dumped on retail. It then falls 30 to 40% after which slow accumulation starts.
In mainboard IPOs, most stocks are bought by retail and DII at listing. It depends upon the valuation and fundamentals of the company. Most companies list at high valuation and falls for few months after listing. Some companies list at low valuation and don’t fall. For example, I bought Senco Gold Ltd at listing due to low valuation.
I have noticed that GMPs are right 80% of the time. The listing of most companies happens within narrow range of GMP. If the GMP is 0, expect a negative listing.
Sometimes the GMP is manipulated to sail an IPO with weak fundamentals. Most IPOs in bull market are over subscribed anyways.
Shiv Texchem Ltd is set to open its Initial Public Offering (IPO) from October 8, 2024, to October 10, 2024.
We recently had the opportunity to interview their leadership - Mr. Hemanshu Chokhani & Mr. Vikas Pavankumar - https://youtu.be/PQG9Lfhdvto
Lakshya Powertech Limited started as an engineering consultancy firm specializing in mechanical and electrical services. Then it quickly expanded from freelance power generation consultancy into operations and maintenance (O&M) for gas-fired power plants and large power generation projects.
Watch this interview to learn more about the company from their top management- Mr. Rajesh Anne - https://youtu.be/0_6w-CMH7A0?feature=VPshared