Conclusion

I like the IPO and I would be applying from all of my accounts in the bHNI category.

Probability of allotment would be highest in the bHNI category and lower in retail and sHNI. Though sHNI would offer larger allotment if received and hence larger profits.

For those who joined over the past few weeks

How does one increase the probability of allotment?

Answer: There is no hack to magically increase probability of allotment. Allotment in both retail and HNI category happens on the basis of draw of lots (theyb draw out numbers like in Tambola).

1. Apply from as many PANs as possible (your family's mostly).
2. Do not apply for more than the minimum lots for the category.
3. Do not make more than 1 application from 1 PAN , otherwise all applications would get rejected.
4. Do not apply for bad IPOs in FOMO.
5. If you are applying via sHNI and do it in all good IPOs in a year, even if you get 2 allotments in a year, you stand a strong chance of doubling that 2 lakh Rupees. There are over 30-40 good IPOs every year (this number will only increase) and if you can get 2, you double that money. Many people get disheartened if they dont get an allotment in 4-5 IPOs and quit. This is as good as free money and it requires perseverance and the ability to accept rejection multiple times.

Senco Gold lists at a 35.65% premium.

Listing gains for retail - ~5k
Listing gains for HNI - ~74k

Latest subscription numbers of Utkarsh SFB

Expect HNI to go to ~60x
Retail too looks to be on a similar path

Crazy bids for Utkarsh

Looks like I am reducing my chances of getting these good IPOs through this group. I should stop 🙊

Hopefully this would mean that there is less money left for Netweb for people to apply because that closes before Utkarsh’s allotment will be out. 🤞

Hello everyone,

I would be hosting a webinar on the A to Z of IPOs for this group on Sunday at 3 PM

You may register for the webinar using the below link.

What all would be covered?

The concept of IPOs, what, why and how?
How to make money from IPOs?
How to identify the good IPOs from the bad ones?
Q&A

You may register for the session using the below link:

https://us06web.zoom.us/webinar/register/WN_WEAsRE15R_CeYhB5O6tLAA

To enable proper Q&A, the number of seats are limited and will be on a first come first serve basis.

Subscription numbers of Utkarsh SFB

Probability of allotment

Retail ~1.5%
Employee ~6%
Small HNI ~1.4%
Big HNI ~6%

200 registrations done on this.

Those who have registered would have received the invite for the webinar via email.

Will close this link by tonight most likely.

Timing: Sunday 3 PM

The webinar on IPOs is scheduled for tomorrow 3 PM.

Final call for registration.

https://us06web.zoom.us/webinar/register/WN_WEAsRE15R_CeYhB5O6tLAA

We’ll keep the webinar short and crisp (upto 1 hour max). We are going to analyse the Netweb Technologies IPO live and decide if it is worth investing in or not and go through the process of application, allotment and listing.

See you all tomorrow at 3 PM.

The session would start at 3 PM. Those who registered would have received the joining link on their email.

If you havent received it, you may join it using the below link also

https://us06web.zoom.us/j/82105599587?pwd=aWM4d3NETXU3T1dQVGU5MGcvQlFSUT09

Thankyou everyone for attending yesterday's webinar and the beautiful comments you shared.

Sharing the analysis of Netweb that we carried out in the session.

What does the company do?

It is into computing solutions including cloud, AI, data center servers, etc.

About the IPO

Objects of the issue - Funding capex, working capital, prepayment of certain borrowings and general corporate purposes

Start date - 17-Jul-23
Close date - 19-Jul-23

IPO size- 631 Crores
Fresh issue - 206 Crores
Offer for sale - 425 Crores

Price band: 475 to 500

Retail quota
35%
QIB quota
50%
NII/HNI quota
15%


Probability of allotment would be highest in bHNI, medium in Retail and lowest in sHNI

Financials of the company

Revenue and profits both have been growing superbly since 2020.

P/E ratio is a little high at over 100x, but that's not a concern given the youth and high growth of the company

Lot sizes:

Retail - 30 shares or INR 15,000
sHNI - 420 shares or INR 2,10,000
bHNI - 2010 shares or INR 10,05,000

GMP - The latest GMP of Netweb was 76%, which shows tremendous demand for the IPO in the grey market.

Decision - I would apply for the IPO

A lot of you had this question whether you can apply for an IPO for multiple PANs with the same bank account. I tried it out today using SBI and it gave this error.

Conclusion - no it is not allowed.