Invested in IPO for DOMS Industries

Hello friends,

I am doing good, and I hope that you are having a good time with your near and dear ones.

Recently I talked about the IPO, I was working on figuring out some good ones. I applied for another IPO this week and it's for DOMS Industries. This is my second IPO in this quarter that I have applied after Tata Technology. Sadly I was not lucky enough to be the one who got the allocation but it's fine because there is always next time with some other company in this market. Tata was a good IPO in the market and it was listed with 280% of profit. Whoever got the listing must be very happy because they were able to make a good amount of money.

Now I have applied for another IPO and it is for another company. This company deals in stationary parts it is not a traditional company following the same traditional methods. We can say this is one of the company that manufacture colorful and interesting stationery products. Their products are expensive in the market which is contributing to more gross margin in their balance sheet and of course, the net margin is also good. This IPO subscription has oversubscribed which means more people are participating and it increases the probability of profit just after the listing.

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When more people participate in any IPO and it is oversubscribed with a nice number then it is worth to jump into that. Earlier I did not want to apply for these but after going through the details and the GMP for this stock I decided to enter and applied for the I. I use the company called grow for my dream at account and this application is very easy to use. Their mobile application is easy to use and all these can be done with just a few taps. I did the same and here I am who have applied for it and waiting for the confirmation of the allocation.

I expect that by tomorrow this will be announced about the allocation result. Let's see how it happens and do I get the allocation or not. I don't know about it but I will try to see the overall performance for this share in this market because there is a lot of hype for this company in the market. Tata technology is still good because a lot of people got the allocation and many people also started buying the stock in the market.

I have never been lucky to get any IPO till now. I hope this time I get lucky enough but it is also important that the listing for this talk happens with premium and it's most likely to happen. There are some more IPO that are in progress and I'm studying that as well. Many companies have confirmed for their IPO in the next year but the dates have not been announced which I think is still an opportunity that we need to go through the company. Because those companies are planning to get listed in the market next year and in between it's worth going through their financials. Reading the finances of the company is the basic practice that should be followed by everyone and I follow it closely before investing my money in any company.

Thank you
Have a nice day!

Posted Using InLeo Alpha

Posted Using InLeo Alpha