I am avoiding applying for TVS Supply Chain IPO. The demand in the grey market is not amazing with the GMP around 6%.
And with market volatility, it is a risky IPO to apply for. I look to make risk free gains in IPOs, so I’ll avoid applying for it.

The next IPO I will be looking at is Balaji Speciality Chemicals.

I received a message from some digital marketing agency asking to promote an upcoming IPO (dont want to name it for legal purposes). There are some shady things that the company has already done and most likely I was already going to give a thumbs down to the IPO. But ab toh pakka hi thumbs down ayega. No it wasnt TVS Supply Chain. Can’t name it .

One thing I want to make clear here, there would be no promotion of IPOs here. I will simply continue to share an unbiased review and the action I am taking w.r.t to the said IPOs.

If you see a lot of influencers promoting an IPO, you should be wary of it. It is a red flag.

Once this gets implemented, allotment would be out the next day of IPO application close and listing would happen 3 days later.
Would be a fantastic change as far as IPOs go.
And we are only going to see a rise in the number of IPOs as we move forward. Probably 100+ IPOs every year within a few years as India’s financial markets grow.

Aeroflex is another good IPO that I ll keep an eye on.

It opens on 22nd August and closes on 24th.

Will share analysis by 23rd August.

Concord biotech IPO allotment is out now.

It can be checked on Linkintime

https://linkintime.co.in/ipo/public-issues.html

Website might be slow now, better to check it after an hour

Very little demand for TVS Supply Chain solutions among institutions. QIBs (institutions) only subscribed 1.35x. For comparison, Yatharth had 85x subscription among QIBs, Netweb had 225x and SBFC had 200x.

SBFC Finance does a decent listing. Trading at 56% currently

Concord Biotech would be listing today

Listed at a premium of 21%

A couple of great IPOs coming up next week. Will share an analysis on them once they open.

Have received a lot of queries about shareholder quota in Aeroflex and Balaji. Will share a video explaining it by Tuesday.

Pyramid Technoplast closes today. Has an okok demand in the grey market and decent fundamentals too.

Trading at a GMP of 13% as of today.

However there are 2 good IPOs coming out (one today and another one in 2 days) so I would preserve my capital for those.

I ve tried to explain the shareholder category IPO application in this. If you have any questions, feel free to drop a text on instagram @momentuminvestingco