IPO related doubts?

[sau_ag]

Hi Friends,

This thread is posted for new traders like me who r not yet comfortable with their online demat accounts.

My doubt is,

I have got 17 shares of Reliance Power allotted. I want to sell them off as soon as it lists. I want to do that because i saw for fch ipo, the price dipped steeply immediately after listing. can someone tell me how can i ensure this without sitting at 9:55 on computer on listing date. is this ok that i set stop loss trigger at 1500/- and place a market order before market opens (assuming listing price will definitely be lesser than 1500/-). will it work? i am using sharekhan demat account. please help.

Regards
Saurabh

 

[coolcritic007]

By what calculation do you want to set the stop loss to Rs. 1500? It will certainly list and sustain itself well below Rs. 900. In that case, you should opt for a stop loss at around Rs. 720 or something. This will help but experienced members may give their opinion here as well.

 

[kaveri_034]

Should I go for Emmar Mgf???????Moneycontrol is against it and it has got less response even after revising its price band

 

[coolcritic007]

The grey market premium for Emaar is 3o to 40 rupees... This says it all! And mind you, the bearish trend isn't exactly over for the market though injection worth 1 lac crore will be provided by RPower to investors... Given the high price band, a tiny premium wouldn't look that good....

 

[sau_ag]

By what calculation do you want to set the stop loss to Rs. 1500? It will certainly list and sustain itself well below Rs. 900. In that case, you should opt for a stop loss at around Rs. 720 or something. This will help but experienced members may give their opinion here as well.

My basic doubt is, how can I ensure that my shares are sold as soon as the ipo gets listed? i came to 1500 figure because if the ipo gets listed say at 900, it is below stop loss trigger price of 1500/- so it should get sold immediately. am i correct? alternativey. can i make it a limit order at 500 say, i am expecting the share to list above 500. suppose it opens at 900, since my limit price is 500 and the share opens at a price higher than limit price, it should sell immediately. am i correct? please guide.

 

[coolcritic007]

Why don't you place an order for selling at the market price? It will be sold at the price it gets listed in that case.

 

[sau_ag]

Why don't you place an order for selling at the market price? It will be sold at the price it gets listed in that case.

can i place sell order at market price before market opens? somebody told me that market order can't be placed before market actually opens. please help in clearing my fundas.

 

[ashii]

What Should I bid(Market Price,stop loss etc...) for if
I want to sell instantly if it list above 800 and I don't want to sell if list below 800
Of course if list at more than 800 I want to sell at that price!

 

[coolcritic007]

If you are so very specific about the price at which you want to sell and if you are unavailable to track the stock on 11 Feb when it lists, then I suggest you instruct your broker about your intentions, he will follow the same. But setting a stoploss figure at a given amount can't be said as it is not sure regarding what price the stock will list at. Considering the market performance of the pas 2 days and also the pre-budget rally which is on, it may well list at the initial premium of Rs. 350 to Rs. 400. As regards selling at market price is concerned, I believe if you have the shares credited in your demat account, you can place an order for selling online. Let the more experienced members throw some light on this topic.

 

[VasanSuccess]

i guess, You have to place order at 9.55AM sharp. Most of dmat account(ICICI, HDFC) do not allow pre market orders.

And FYI, Even if you place it at 9.55, It may not be sold at highest price. its based on ur queue position.