Hello friends,
I am doing good, and I hope that you are having a good time with your near and dear ones.
I did not get the allocation for Tata Technology which was opened to the public last month. I bought one lot for 15,000 INR whereas one share price was five hundred. I applied for some IPO almost a year back but never got lucky. This time with Tata Technology I was expecting to get the allocation but it did not happen. Those who got the IPO are the lucky people because the iPod got listed at 280% of the price jump. It was a good opportunity for everyone to get the allocation in this IPO.
There is no loss if you do not get the IPO because the money is not deducted however it is withheld in the account unless the allocation process is not complete. Now I am eyeing some more upcoming IPOs and hopefully, I get the allocation. There are a couple of I P O that are expected to be launched in the next few months. The stock market in India is in the right stage as of now we are investing for the long term can be good.
While an IPO can be a good opportunity to make some money in less time it can be risky too if the company is not reliable. We just can't jump in and buy the IPO randomly without the proper research. Some people play only on the iPod because they expect that it can be a good option for them to earn returns in the market. I don't think this way because even with IPO there are multiple factors that should be checked out before investing. I do my research before investing in an IPO and with Tata Tech I was confident that at least it would be listed at double the price of the IPO price. I was thinking conservative but still my calculation went well.
These three IPOs that we are expecting to get launched in December month and out of these Muthoot looks a good one. I'm not going to apply for the top two but this one I am considering and this is why I am reading some information about this company. This is a well-known company in the market dealing in the financial sector. It is one of the leading companies in India that provides loans against gold and surely they have good business in this segment. I am planning to go through their balance sheet and some other information about the board before I decide to invest in this company through IPO.
It is shortlisted for me but haven't finalized whether I will continue to do this or not. The initial study and research are necessary and highly recommended to everyone before putting your money on any company. It is our hard-earned money and before we put it on anything including the stock market or even the cryptocurrency market we need to go through the basic aspects. We should not invest blindly just because of the reputation instead we should go through the fundamentals and some numbers can be good before we proceed with investing. Let's see when I apply for the IPO and the outcome. I'll be sharing about it in my future post about how it goes and if I am the one getting the allocation or not.
Thank you
Peace @mukund123