Hey All,
In one my blog I expressed that I do invest in IPO [Initial Public Offering]. Well, its not just Crypto or an ICO [Initial Coin Offering] for me. I do invest in stocks via the Initial Public Offering aka IPO, which is a process by which a private company becomes a public company by offering its shares to the public for the first time. Right now in India there are many IPOs lined up and one such IPO which got its share listed in the market today gave a premium of 180% to its shareholders on the very first day of the trading. Tata Group's first initial public offering in almost 20 years was subscribed over 69 times by the final day of bidding. This was an ₹3,042K+ crore IPO and was open for subscription between November 22-24 at a price band in the range of ₹475-500 per share. Yes, and I did apply for 2 lots [1 lot had 30 shares] and was lucky to be allotted one lot of shares i.e. 30 shares at a price of Rs. 500/- each.
Sold Tata Technologies Share for a profit of Rs.25K+
Who doesn't like profit and when its more than 180% of your investment and that too in a day or two. My initial investment was Rs.15K which like $180 dollars and I came out booking a profit of Rs.25K+ which is like $300+ People were telling me to sell 15 shares and keep the remaining but I remembered a wise man advice - who ones said book your profits and move on. And hence I did the same without worrying about what will happen tomorrow. No doubt the share price of Tata Technologies may rise tomorrow as well but then it may fall as well and therefore instead of regretting that I didn't book my profits, I thought better take these $300+ and enjoy the moment now rather then regretting it later. I guess I got luck here because of an added advantage if you HODL TATA MOTORs share then there is likely chances that you may get one lot of shares which 30 shares of TATA Technologies.. I was holding more than 110 shares of TATA MOTORs and it did work out good for me in the allotment of Tata technologies shares. So, yes investing in IPO can at times be very favorable and as I mentioned the returns can be remarkable considering here an example of 180% - I have also seen cases where the returns touched 200% as well. What is your story on this IPO? Did you apply and got lucky to be allotted some shares or not. And whether did you book profits or plan to hold it for longer run.. cheers
Who says investing in IPO [Initial Public Offering] doesn't give profit? - Tata Technologies Share listed with 180% Premium...
#stock #stockmarket #bse #nse #nifty #bhel #indiastockmarket #financialmarkets #returns #crypto #ipo
Image Credits:: beincrypto, zerodha, kite app, sharekhan, abplive
Best Regards
PS:- None of the above is a FINANCIAL Advice. Please DYOR; Do your own research. I've an interest in BlockChain & Cryptos and have been investing in many emerging projects..cheer