IPOs and more - by The Momentum Investing Co.
SME IPO Review – All E Technologies All E Technologies (Alletec) is a provider of Microsoft business applications and digital transformation solutions since 2000. They are Microsoft Dynamics Gold Competency Partner and MasterVAR. They provided services to…
I would be applying for the IPO. However, the allotment chances are pretty low.
Further, SME IPOs carry a high risk high return proposition. Risk-averse people should avoid SME IPOs.
Further, SME IPOs carry a high risk high return proposition. Risk-averse people should avoid SME IPOs.
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IPOs and more - by The Momentum Investing Co.
The GMP has been in a downward spiral for Uniparts. If one is risk-averse, they should avoid applying for this one.
Listed flat at a discount of 0.35%
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3 mainboard IPOs this week
Sula Vineyards
Abans Holdins Ltd
Landmark Cars
Not very excited about either of the 3.
But will anyways share an analysis by tonight.
Sula Vineyards
Abans Holdins Ltd
Landmark Cars
Not very excited about either of the 3.
But will anyways share an analysis by tonight.
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GMP of Abans, Sula and Landmark have all crashed to very low levels. Subscription numbers are low too.
I wouldnt be risking applying for it for listing premium
I wouldnt be risking applying for it for listing premium
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Dronacharya Aerial Innovations
SME IPO
Dates open 13th to 15th December
Price band - 52-54 per share
GMP - over 100%
Issue size - 34 crores
Retail lot size - 2000 shares (108000 INR)
Subscription on day 1 - 38x (expect it to go as high as 400x)
View - Good IPO. But it is an SME IPO..chances of allotment will be less than 1%
SME IPO
Dates open 13th to 15th December
Price band - 52-54 per share
GMP - over 100%
Issue size - 34 crores
Retail lot size - 2000 shares (108000 INR)
Subscription on day 1 - 38x (expect it to go as high as 400x)
View - Good IPO. But it is an SME IPO..chances of allotment will be less than 1%
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Droneacharya* (cool name ngl)
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A decent IPO opens tomorrow
Elin Electronics. Will share a review
Elin Electronics. Will share a review
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Elin Electronics IPO Review
About the company: Elin is one of the leading electronics manufacturing services providers to major brands of lighting, fans, and small/ kitchen appliances in India. Elin has three manufacturing plants in that one is located at Ghaziabad (NCR), one in Baddi (HP) & one in Goa. The company is an ISO 9001, ISO 14001 & IATF 16949 certified company and a flagship company of Elin Group. The company is promoted by the “Sethia” family.
Elin is India’s largest Fractional Horse Power (FHP) Motors Manufacturer for Mixer Grinders, Juicer Mixer Grinders, Hand Blenders, Ventilation Fans, Table Pedestal Wall Fans, Kitchen Chimneys, Wet Grinders, Air Conditioners & Air Coolers (Synchronous Motors), Personal Fans, Room Heaters. Our company will be starting motor manufacturing very soon for Air conditioners – Indoor & Outdoor Motors, Nebulizer Motors, Motors/pumps for Water Purifiers, etc. They are the leading Fractional Horse Power (FHP) Motors Manufacturer and Supplier in India with 10 Million Motors annual capacity.
(Source: ipowatch.in)
Size: 475 Crores
Fresh issue: 175 Crores
OFS: 300 Crores
Last date to apply: Tomorrow 22nd December 2022
Price band: 234 – 247 per share
Retail quota – 35%
HNI quota – 15%
Recommended size of applications:
Retail – 60 shares ( INR 14,820)
Small HNI – 840 shares (2,07,480)
Big HNI – 4,080 shares (10,07,760)
GMP 5-10% as of now (has declined steadily over the past 3-4 days). I generally prefer a 20%+ GMP stock for very low risk listing gains. However, this is varying a little across platforms.
Listed peers: Dixon Technologies, Amber Enterprises (both are great stocks that gave good returns post IPO but right now are in a stage 4 downtrend
View: I would wait till tomorrow noon to see if the GMP improves and also if the subscription numbers improve. The valuation of the IPO is attractive as compared to the peers, but the declining GMP is a worry.
About the company: Elin is one of the leading electronics manufacturing services providers to major brands of lighting, fans, and small/ kitchen appliances in India. Elin has three manufacturing plants in that one is located at Ghaziabad (NCR), one in Baddi (HP) & one in Goa. The company is an ISO 9001, ISO 14001 & IATF 16949 certified company and a flagship company of Elin Group. The company is promoted by the “Sethia” family.
Elin is India’s largest Fractional Horse Power (FHP) Motors Manufacturer for Mixer Grinders, Juicer Mixer Grinders, Hand Blenders, Ventilation Fans, Table Pedestal Wall Fans, Kitchen Chimneys, Wet Grinders, Air Conditioners & Air Coolers (Synchronous Motors), Personal Fans, Room Heaters. Our company will be starting motor manufacturing very soon for Air conditioners – Indoor & Outdoor Motors, Nebulizer Motors, Motors/pumps for Water Purifiers, etc. They are the leading Fractional Horse Power (FHP) Motors Manufacturer and Supplier in India with 10 Million Motors annual capacity.
(Source: ipowatch.in)
Size: 475 Crores
Fresh issue: 175 Crores
OFS: 300 Crores
Last date to apply: Tomorrow 22nd December 2022
Price band: 234 – 247 per share
Retail quota – 35%
HNI quota – 15%
Recommended size of applications:
Retail – 60 shares ( INR 14,820)
Small HNI – 840 shares (2,07,480)
Big HNI – 4,080 shares (10,07,760)
GMP 5-10% as of now (has declined steadily over the past 3-4 days). I generally prefer a 20%+ GMP stock for very low risk listing gains. However, this is varying a little across platforms.
Listed peers: Dixon Technologies, Amber Enterprises (both are great stocks that gave good returns post IPO but right now are in a stage 4 downtrend
View: I would wait till tomorrow noon to see if the GMP improves and also if the subscription numbers improve. The valuation of the IPO is attractive as compared to the peers, but the declining GMP is a worry.
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IPOs and more - by The Momentum Investing Co.
SME IPO Review – All E Technologies All E Technologies (Alletec) is a provider of Microsoft business applications and digital transformation solutions since 2000. They are Microsoft Dynamics Gold Competency Partner and MasterVAR. They provided services to…
All E Technologies listed today, at a premium of 55%.
Retail applicants who luckily got allotment made a profit of over 70k.
Congratulations to the handful of lucky ones🤘
Retail applicants who luckily got allotment made a profit of over 70k.
Congratulations to the handful of lucky ones
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IPOs and more - by The Momentum Investing Co.
Elin Electronics IPO Review About the company: Elin is one of the leading electronics manufacturing services providers to major brands of lighting, fans, and small/ kitchen appliances in India. Elin has three manufacturing plants in that one is located at…
Will update the subscription numbers and latest GMP tomorrow at noon for Elin.
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IPOs and more - by The Momentum Investing Co.
Dronacharya Aerial Innovations SME IPO Dates open 13th to 15th December Price band - 52-54 per share GMP - over 100% Issue size - 34 crores Retail lot size - 2000 shares (108000 INR) Subscription on day 1 - 38x (expect it to go as high as 400x) View…
Also, DroneAcharya allotment is out and can be checked at
https://www.bigshareonline.com/ipo_Allotment.html
This one’s expected to list at a 100%+ premium
https://www.bigshareonline.com/ipo_Allotment.html
This one’s expected to list at a 100%+ premium
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Arihant Academy SME IPO closes today
Decent GMP of ~50%
Good financials with profits doubling every year over the past 3 years
IPO size is a little too small which makes allotment chances very low though.
I am applying for it nevertheless
Decent GMP of ~50%
Good financials with profits doubling every year over the past 3 years
IPO size is a little too small which makes allotment chances very low though.
I am applying for it nevertheless
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Latest GMP - 2%
Given the market conditions and the declining GMP of Elin Electronics, I would be avoiding the IPO.
Remember the whole game is about protecting capital, if something appears risky, it is better to stay away rather than invest in FOMO.
Lots of good IPOs with a near sure profit listing will come, but this one doesn’t appear to be one of those right now.
Given the market conditions and the declining GMP of Elin Electronics, I would be avoiding the IPO.
Remember the whole game is about protecting capital, if something appears risky, it is better to stay away rather than invest in FOMO.
Lots of good IPOs with a near sure profit listing will come, but this one doesn’t appear to be one of those right now.
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IPOs and more - by The Momentum Investing Co.
GMP of Abans, Sula and Landmark have all crashed to very low levels. Subscription numbers are low too. I wouldnt be risking applying for it for listing premium
Sula listed flat yesterday. Post that, it fell by ~10%.
Very important to avoid not so hot IPOs. While they occasionally list at small premiums, they are not worth the risk.
Very important to avoid not so hot IPOs. While they occasionally list at small premiums, they are not worth the risk.
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IPOs and more - by The Momentum Investing Co.
GMP of Abans, Sula and Landmark have all crashed to very low levels. Subscription numbers are low too. I wouldnt be risking applying for it for listing premium
Landmark cars lists at a discount of 7% and Abans lists at a premium of 1%
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IPOs and more - by The Momentum Investing Co.
A weird IPO coming next week Abans Holdings The IPO as of now has little demand in the Grey market with a GMP of 0 per share The revenue of the company halved from 2020 to 2021 and then again halved from 2021 to 2022 However the profits rose (will need…
Abans down 20% 😟
Most likely because of the 60% retail quota. Definitely a horrible decision to allot 60% shares to retail.
Most likely because of the 60% retail quota. Definitely a horrible decision to allot 60% shares to retail.
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