The Stock Market thread

[Felix the cat]

Hello Everyone here, Im looking to enter the security market for the very first time, Im looking for your personal advice as well as some recommendation for books for beginner like me, currently I have 'Stock Investing Mastermind', I also started reading some financial newspapers. However everyone (editorial section) is keep repeating the same thing that currently market is overvalued like crazy, I mean is it the good time for a beginner to enter in the market?

[Mr_Mediocre]

27 minutes ago, Felix the cat said:

Hello Everyone here, Im looking to enter the security market for the very first time, Im looking for your personal advice as well as some recommendation for books for beginner like me, currently I have 'Stock Investing Mastermind', I also started reading some financial newspapers. However everyone (editorial section) is keep repeating the same thing that currently market is overvalued like crazy, I mean is it the good time for a beginner to enter in the market?

Start SIPs in MFs, be disciplined and do not expect returns before 2 years and by that time read up about the stocks in those PFs. 

[Felix the cat]

Y

14 minutes ago, KunjanPSD said:

Start SIPs in MFs, be disciplined and do not expect returns before 2 years and by that time read up about the stocks in those PFs. 

Yes Im looking for MFs too. Ah i forgot to mention Im looking to try intra-day trading, is it difficult for beginners? I will not invest huge amount. I just want to start small and slow, and Im looking to try my best to avoid any mistakes which generally done by rookies by learning from other peoples experience.

[Mr_Mediocre]

19 minutes ago, Felix the cat said:

Y

Yes Im looking for MFs too. Ah i forgot to mention Im looking to try intra-day trading, is it difficult for beginners? I will not invest huge amount. I just want to start small and slow, and Im looking to try my best to avoid any mistakes which generally done by rookies by learning from other peoples experience.

Expecting to do intra-day without any experience in equity will give you the best learning for the long-term.

[Felix the cat]

On 9/4/2024 at 6:53 PM, KunjanPSD said:

Expecting to do intra-day without any experience in equity will give you the best learning for the long-term.

Is this sarcasm, i cant tell😂

Edited September 6, 2024 by Felix the cat

[Felix the cat]

[silv3rgunn3r]

12 hours ago, Felix the cat said:

 

https://g.co/kgs/bwzySnt

 

Haven’t applied for this ipo but social media posts can be deceptive at times  

Edited September 7, 2024 by silv3rgunn3r

[Felix the cat]

21 hours ago, silv3rgunn3r said:

 

https://g.co/kgs/bwzySnt

 

Haven’t applied for this ipo but social media posts can be deceptive at times  

Bro I dont see any difference beside camera quality and a big poster. 1k cr for a company that has only 64 employees and earning a profit of just Rs 41 lakh in FY22 and Rs 1.01 crore in FY24.. They were expecting to raise 8 crore from this IPO. 

 

However it still not that ridiculous than the delhi based bike showroom company who raised 5kcr. They only have two showrooms in delhi with 8 employees in total. After this IPO SEBI got alerted and looking to make changes in IPO eligibility norms

Edited September 8, 2024 by Felix the cat

[Felix the cat]

 

 

Edited September 8, 2024 by Felix the cat

[Houndini]

1 minute ago, Felix the cat said:

You're right, those photos was selectively posted but still 1k cr for a company that has only 64 employees and earning a profit of just Rs 41 lakh in FY22 and Rs 1.01 crore in FY24.. They were expecting to raise 8 crore from this IPO. 

 

However it still not that ridiculous than the delhi based bike showroom company who raised 5kcr. They only have two showrooms in delhi with 8 employees in total. After this IPO SEBI got alerted and looking to make changes in IPO eligibility norms

 

They will still raise the applied amount only. Number of bids is just the total amount of applications received. Just shows interest and numbers look big due to high amount of applicants. 

[Felix the cat]

1 minute ago, Bird Bird Bird said:

 

They will still raise the applied amount only. Number of bids is just the total amount of applications received. Just shows interest and numbers look big due to high amount of applicants. 

Your timing to quote me is killer. 

 

I Would say I gone through the photos again and honestly i dont find any diff.

[Felix the cat]

13 minutes ago, Bird Bird Bird said:

 

They will still raise the applied amount only. Number of bids is just the total amount of applications received. Just shows interest and numbers look big due to high amount of applicants. 

Oh I didnt know that, Im new in this share market thing. I dont know much honestly. So basically their share was highly oversubscribed and money they will only get 8cr then???
But then why SEBI looking to change the rules for small IPO eligibility? I really dont know, pls enlighten me

[Mr_Mediocre]

5 minutes ago, Felix the cat said:

Oh I didnt know that, Im new in this share market thing. I dont know much honestly. So basically their share was highly oversubscribed and money they will only get 8cr then???
But then why SEBI looking to change the rules for small IPO eligibility? I really dont know, pls enlighten me

The company will only get 8cr.

The bids just show interest from potential investors.

Final allocation will be on a lottery basis.

 

SEBI will do whatever they want to do, no one has any control and afaik, they are looking to increase background verification for the SME IPOs, that's a good thing.

[Houndini]

4 minutes ago, Felix the cat said:

Oh I didnt know that, Im new in this share market thing. I dont know much honestly. So basically their share was highly oversubscribed and money they will only get 8cr then???
But then why SEBI looking to change the rules for small IPO eligibility? I really dont know, pls enlighten me

 

Yeah - essentially oversubscribed, which isn't surprising since recent reports said most IPO subscribers sell at listing for gains. 

 

https://www.angelone.in/knowledge-center/ipo/what-is-sme-ipo

 

Sebi wants to curb irrational exuberance since in such market, anyone can list anything and market will lap it up (like you showed above). No one is reading documents or doing research beyond Twitter and YouTube. Listing is just for gains - hardly long term approach (which is honestly the case with most stocks nowadays - momentum is the key word, value investing is long forgotten). 

[Felix the cat]

2 minutes ago, Bird Bird Bird said:

 

Yeah - essentially oversubscribed, which isn't surprising since recent reports said most IPO subscribers sell at listing for gains. 

 

https://www.angelone.in/knowledge-center/ipo/what-is-sme-ipo

 

Sebi wants to curb irrational exuberance since in such market, anyone can list anything and market will lap it up (like you showed above). No one is reading documents or doing research beyond Twitter and YouTube. Listing is just for gains - hardly long term approach (which is honestly the case with most stocks nowadays - momentum is the key word, value investing is long forgotten). 

Who's buying these shares after listing btw? 

[Houndini]

7 minutes ago, Felix the cat said:

Who's buying these shares after listing btw? 

 

Retail, non retail. Many stocks definitely get operated for a few weeks till anchor investors can sell (recent example being Ola Electric - stock dipped as anchor investor can sell).

You can find broad shareholding data per stock on Screener. 

Edited September 8, 2024 by Bird Bird Bird

[dante77]

Plus these 8 cr company size is prone to operator game after it's listing. 

[silv3rgunn3r]

9 hours ago, Felix the cat said:

Bro I dont see any difference beside camera quality and a big poster. 1k cr for a company that has only 64 employees and earning a profit of just Rs 41 lakh in FY22 and Rs 1.01 crore in FY24.. They were expecting to raise 8 crore from this IPO. 

 

However it still not that ridiculous than the delhi based bike showroom company who raised 5kcr. They only have two showrooms in delhi with 8 employees in total. After this IPO SEBI got alerted and looking to make changes in IPO eligibility norms

Ya ya that’s true . Just saying that their ipo isn’t that ridiculous. However the desperation of people for getting listing gains without proper research is sheer stupidity. The bike showroom ipo….yikes…….But true sebi should re-evaluate their ipo eligibility criteria

Edited September 8, 2024 by silv3rgunn3r

[Mr_Mediocre]

1 hour ago, silv3rgunn3r said:

Ya ya that’s true . Just saying that their ipo isn’t that ridiculous. However the desperation of people for getting listing gains without proper research is sheer stupidity. The bike showroom ipo….yikes…….But true sebi should re-evaluate their ipo eligibility criteria

Why should SEBI re-evaluate?

The responsibility is on the retail participants to be more informed.

 

They should look beyond the charm of quick money.

The gains provided in stock market are a risk-premium and not free lunch.

 

This a small venture trying to raise funds which is the whole point of an SME IPO.

That's how businesses grow.

 

SEBI should only check:

1. Strict background checks regarding the authenticity of the papers

2. History of wrong-doing

3. Operation via institutions

4. Influencers influenza

 

Otherwise SEBI should not intervene in the open market bidding.

[LordSpymaster]

Anyone got the Bajaj HF IPO? This is the first one I ever got alloted, already doubled in value