The good IPOs are continously coming and thus our task is to just a0ply. If we get the allotment then it's well and good, but if not then there is no harm. And that's why I try to apply for the IPOs which are good. The 3 IPOs are open for subscription and 2 of them seems to be good.
But still I will wait till the last day to see how Qualified Institutional Buyers (QIBs) are applying the IPO. If they come in good numbers then I usually apply. See the thing is the DHRP or RHP these companies show all the good numbers and what not. But the inside news is actually known by these QIBs and thus they come at the last day around 3 PM. The good thing about retail investors is that we have time till 5 PM on the last day to apply and thus we get the clear picture on what is the trend of the IPO.
I ask everyone in my team to apply the IPOs for the listing gain. Because that can give us quick profit. Now there is IPO craze and that's why all the companies are coming up with crazy numbers and that is boosting the GMP as the market is bullish. We don't know what will be the fate of the companies when there is bear market. So If the company is not that great, I apply only for the listing gain.
Yeah getting the allotment is tough. I have applied for 100s of IPOs to get very few but our take is to apply and we get there is quick profit which can be realized in say 5 days. So applying for the good IPOs should be done by everyone and thus it can help you to earn some extra money.
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