Acropetal Technologies Ltd. IPO

Issue Open: Feb 21, 2011 - Feb 24, 2011
Issue Size: Rs. 170.00 Crore
Face Value: Rs. 10 Per Equity Share
Issue Price: Rs. 88 - Rs. 90 Per Equity Share
IPO Lot: 60 Shares
Listing At: BSE & NSE
Name of the registrar: Sharex Dynamic (India) Private Limited

I am skipping this one too.

(Acropetal Technologies doesn't pay any taxes.

One needs to careful about such firms as they can report any profit figure that they want, without increasing their tax liability).

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Not able to understand this IPO.It went as high as 140 and today it wet around 76.55.

Took some shares just to average out my loss in some other stock (trying a strategy to average down loss with different share-buy as this looks high beta stock).

No buyers were available in the end of the trading session.

It went on lower circuit.

You should wait price to stablize if you would like to average.

Happy Investing!

Actually i placed the order when the stock was positive the day at 90+. I kept trigger price as the lower circuit limit. As it hit it came.

But yes now i feel it could go further down. Anyways just hoping it helps me clear some of my past mess and doesn't become a part of same mess.

Suggestion for you:

When stock falls like this, never average hoping that you will cover your losses.

In fact, you are deepening your losses by doing this.

As mentioned above in this thread that company fundamentals are not clear.

This is more than enough for you not to enter in this counter.

- Now you should get out of this company when it goes up and shift in some good fundamental company.

I am not sure how much up it can go up as it is new listed and chart can not help in this.

Happy Investing!

San Yad agreed with your point.

Actually i am averaging my loss of other stock with this one.

I am having pioneer distilleries 100 shares at 88. I wanted to sell that a price above 100. It touched 94 after that it kept falling and now settled around 44-45 with no volume been seen.

As I wanted to come out from this stock at no - profit no loss status and too in next financial year. I have just bought 20 shares of acropetal and similarly will be buying 3 other company stocks (not pioneer nor acropetal). And will try to come out of that stock with 30-35% return in a year (with taxes and brokerage 20% return in hand) and then booking loss in pioneer distilleries.

Only reason I enter it was fluctuating too much sometimes 90 sometime 120+ so i see 20-30% return chances high. Also i am not planning to keep this stock any long.

As I got those shares around 78 I am planning to exit at 102-105 levels.

Majority low quality IPOs show lot of volatility in the first few days of listing and then keep drifting down for weeks and sometimes months.

Many never go anywhere close to their listing price.

e.g. B.S. Transcomm.

The stock had crossed 500 after listing. Today is available at Rs 92.

Unless an investor is sure about the fundamentals of the company, it is best to avoid newly-listed stocks.

Nowadays, most of the IPOs are either over-priced or are of totally junk companies.

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This stock is at @ 17 Rs today. What gives?

See the post just before yours.

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Yes, I saw it. I can understand never reaching IPO prices. But 17 is really low - not that I am planning to buy it or anything.

Just wondering if there is something else afoot.

Their CFO resigned recently.

Though I am not supporting this stock .

But there is some very strong support that the share doesnt go low than 17.From past few day i am just trying to see whether i can buy 10 shares for 16 or 16.25 range.

But the stock doesnt go below 17 not even 16.5.Also if you go and see the ipo reports this IPO wasnt rated bad but some decent grade 3.So i dont feel
70% below ipo price one has much to loose.Though i wont suggest more than big investment .

Also there is a news of dividend but i wont be surprised if its withdrawn seeing that it being almost more than 7% of stock value now.

I presently dont see any big downfall in this stock from here.

But the CFO resignation really means something is seriously wrong with company without valid reaons.