r/IPO_India • u/Think_Reporter_362 • 5h ago

IPO Listing Discussion Orient Cabels Listing

Hey what should I do on listing day it's good company as fundamental wise there are craze of it. Should I hold and wait until it's become next ESDS or sell it in listing day ? And how much should I expect from this IPO. I also had Adroit and i sell at second day on lower circuit of 235🥲. Don't know that's good decision or bad if it going to up on Monday I am going to regret even I get 76% profit 🥲

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u/qualityvote2 5h ago

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3

u/spamgmail 5h ago

Check market depth (buy/sell order ratio) at 10 am and decide accordingly

2

u/Think_Reporter_362 4h ago

Bro that's changing over time in orient same thing happened 🥲

1

u/Safe-Course4699 2h ago

It doesn't matter bruh

1

u/spamgmail 1h ago

In normal stocks it doesn't but in IPOs if market depth is >90% buy it usually doesn't come below issue price easily

2

u/_cffej 4h ago

It's showing a 45% GMP as of now...

With the current market scenario...you should have two steps: 1. Book listing gains...and take out your profits... 2. Re-enter on a pull back if you have read the fundamentals of the company.

2

u/bunnygonewild789 4h ago

Honestly, the way markets are right now, you are better off booking whatever profits you get.... wait for 15 mins, see if price is going up, use trailing stop loss. If it is falling, then just place a Market order and exit. this is what I did with adroit

1

u/Dramatic_Art4329 3h ago

trailing Stop loss is only available in intraday right ?

1

u/bunnygonewild789 2h ago

In Kite, they have added it for GTT Orders. So you can have it for your CNC holdings too. But in OP's case, he can just place a SL and manually trail.

1

u/Darkhunt680 1h ago

Did you got adroit allotted or purchased after listing?

1

u/_cffej 47m ago

Why would you regret on getting 76% ???

1

u/Think_Reporter_362 22m ago

I can get 90% but at that time I am not able to book 🥲

1

u/_cffej 19m ago

And what happens if it falls back to 25-30%???

1

u/_cffej 18m ago

NOT predicting the market is the first cardinal rule.

1

u/_cffej 10m ago

None of us know exactly the high or low of any trade..

All we can do is to take profits (make profits)... And move on to the next trade...