A total of 8,274 shares changed hands on the counter till 01:33PM (IST).
IPO Review – Discussion until listing (27-09-2024)
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.
Chola Inv Finance shares drop 2.9% as Sensex falls (27-09-2024)
A total of 14,061 shares changed hands on the counter till 01:29PM (IST)
Diffusion Engineers IPO subscribed by over 15 times on Day 2 so far. GMP at 54%. Check details (27-09-2024)
Around 1 pm, the issue was subscribed 21.6 times by the retail category investors while the NIIs had subscribed the issue by 21 times. Meanwhile, the portion reserved for the qualified institutional buyers (QIBs) had attracted bids for 76,032 shares out of the 18.71 lakh shares, representing a subscription of 4%.
Havells India shares up 0.02% as Nifty drops (27-09-2024)
A total of 8,002 shares changed hands on the counter till time (IST).
China Stocks Soar in Biggest Single-Week Jump Since 2008 (27-09-2024)
Economic stimulus moves triggered a broad rally in trading in Shanghai and Shenzhen.
Sequent Scientific shares soar 18% on Rs 8000 crore merger with Viyash Life Sciences (27-09-2024)
Sequent Scientific and Viyash Life Sciences have announced a merger that will result in the two companies forming a combination that will create a platform with leadership in animal pharmaceuticals, end-to-end integrated capabilities across the larger global pharmaceutical market with a strong operating and research and development backbone, according to a stock exchange filing.