Syrma IPO

You applied ?

@Priyanka @MrKool_JJ @malikcool @guest_999 @AyushiiiVijay @BubbleBoyChickenLittle @Rosh_0007 @drupal @amdoinggood123 @Dastro

Applied 1 retail lot via UPI yesterday. sHNI and bHNI will see tough lottery too and its useless to block lots of funds there.

@MrKool_JJ It is worth investing a retail lot atleast in this IPO. Engaged in Electronics integration, RnD, manufacturing, particularly embedded and microelectronics. In profit company for last 3 FYs.

@EkdamSastaRaju That is also behavioral science based on news flow. Anyways, I can hold long, real long and only invest the amount that I can lose 100% and can also take contra decisions. Sab log to ek jaise nahin hote, anyways...

HOW MANY LOTS FOR BHNI CATEGORY? IS IT 67?

Skipped it as after profit tax showed a weird pattern(increased in year before corona lockdown but decreased in fy20-21 when demand of electronics/circuit boards was increased by a lot).

@MrKool_JJ

@Awake bhai did you apply??

Subscription at 5PM (about to close and finalize figures)

QIB 87.56

NII 17.50

    NII (bids above ₹10L) 19.01

    NII (bids below ₹10L) 14.47

Retail 5.53

Total 32.61

Very good subscription figure. specially for QIB. Looks like people missed this type of sub for long time.

@guest_999

The company made some huge acquisitions in 2021 due to which its consolidated numbers jumped. It has disclosed consolidated financials for FY22 and FY21 but only standalone for FY20. And it disclosed proforma financials - how it would have been if the company had made the acquisition three years ago - as this will eliminate any major jumps from standalone to consolidated numbers when looking at three-year history.

Debt to equity ratio 0.3, though short term borrowings have increased, IPO money may come into use later. P/B 2.9 is quite low compared to peers.

I wanted to apply in this but forget the last date to apply. I thought last date is today (thought Friday would be last cause of last trading day of week).

What I understand in simple terms, due to free cash flow accumulation, and subsequent adjustments due to various spends, the remaining funds go to company reserves. This reserve fund is used to buy back shares when company announces it and shareholders tender them. Those are adjusted against reserves and those bought shares extinguished. Total outstanding shares and share capital is then revised. Buyback benefits the shareholder as well as company, EPS increases.

For bonus, total outstanding shares actually increase by creating extra shares (share capital) from reserves @ face value which is very low and EPS is adjusted. Bonus is actually a misnomer, made to create liquidity mostly and doesn't benefit the shareholder much.

@Nationalist

BTW, time to check allotment, linkintime has cleared all selection options, results imminent...

https://linkintime.co.in/mipo/ipoallotmen...ml

@bikidas2060 Sometimes unlocking/debit isn't so fast or get stuck for particular applicants/banks...

Ipo Nehi mila vai . Unblock ho gaya.  Probably will list at 250+  @bikidas2060

Kis kisko kitni lagi...? LOL

Got 1/1 retail by UPI...

@bikidas2060 @Watcher @Awake @popeyemask

Syrma IPO. Full Tashan .

Best time to buy Sirma in bulk anytime soon before it crosses Rs. 350 per stock. I have already taken a good position in the company and sitting on huge profits already. And will again get to build more position until the price is around 350. And hope to maintain in my portfolio atleast for a year.

It's having a huge potential for being the next multibagger. Guys who already took position try to attain more stocks as when opportunity arises. And those who have not yet bought it's still a good time to buy before it crosses Rs. 350.

Syrma SRS Technology:

Buying Zone: 305/315/330/350

Stop Loss: 250

Target: 600/700/800/1000+ 

Time Frame: 1 year

Not to forget in Intra Day alone I had managed to gain more than Rs. 75,000 profits by buying 1000 shares each day and squaring it off when I had enough profits.