A Very High Subscription in IPO by codingdefined

hive-167922 · @codingdefined · Sep 23 '21

$11.57

A Very High Subscription in IPO

In one or my last post I discussed about IPO and why investing in it is profitable. Today one of the IPO's was its last day to apply and thus it was subscribed 300 times overall which is a record on itself.

![image.png](https://images.hive.blog/DQmREZHo8YvyKsF56Axt6FZynPK74Vx6WG3Pwdm5CLLdWgC/image.png)

QIB is financial institutions, Banks etc, NII is high net individuals who have to apply more than 20 lots and then RII like me who applies for 1 lot or more. So for NII to get atleast a single lot they have to apply for 928 lots which will be around 1,38,04,000. For retail it is not guarantee, to get at-least one lot you have a probability of less than 1%.

Now how come this issue is this much over subscribed, this is because it is defense and space related stocks, the issue size is small, and the grey market premium is around 200%. That means if you get allotted then your money will be tripled in just 7-8 days which has driven such a crazy figures.

According to [Chiitorgarh.com](https://www.chittorgarh.com/ipo/paras-defence-and-space-technologies-ipo/1153/),

> Paras Defence and Space Technologies are primarily engaged in the designing, developing, manufacturing, and testing of a variety of defence and space engineering products and solutions. The company has five major product category offerings - Defence & Space Optics, Defence Electronics, Heavy Engineering, Electromagnetic Pulse Protection Solutions, and Niche Technologies.

>Competitive Strengths
Wide range of products and solutions offerings for defence and space applications.
One of the few manufacturers of optics for space and defence application in India.
Companies offerings are aligned with the “Atmanirbhar Bharat” and “Make in India” initiatives by the government.
Strong R&D capabilities with a focus on innovation.
Strong customer relationship with government arms and government organizations.
Strong experienced management.

Looking at the company's details it was going to be good subscription but this crazy subscription was all because of the Grey Market Premium (GMP). The GMP or grey market premium is the rate of secondary market, where people buy shares even before it hit the Sensex or Nifty. So this rate will be almost the rate you get when the issue is listed and thus it plays a very good role for subscription.

I too have applied from 3 accounts and thus waiting for the allotment date to know if I am lucky to get this issue or not. For retails it's all about luck and thus even if you are not lucky in getting the allotment you can always buy it directly on the listing day based on the companies fundamentals, which looks good.

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@codingdefined/a-very-high-subscription-in-ipo)

👍 leo.voter, bala41288, indiaunited, ace108, bobinson, unpopular, ew-and-patterns, sbi8, trasto, spydo, kannannv, eforucom, megavest, aliriera, supu, zugs, tomiscurious, jatinhota, sankysanket18, eturnerx, snath, kanibot, sayee, olumzy, mightpossibly, vintherinvest, chandra.shekar, suzana72, thefoundation, actioncats, happydolphin, leofinance, khan.dayyanz, portugalcoin, gadrian, kamaleshwar, karishmasingh711, cielitorojo, bnk, tresor, uwelang, travelwritemoney, fundacoven, hardikv, sharkthelion, singhrajat, brofund, babytarazkp, banat, yefet, punkblogs, olaexcel, hashkings, onestop, inuke, ykretz, engrsayful, xawi, elgatoshawua, zuly63, vishalsingh4997, guider, shonyishere, cryptololo, and 54 others

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properties (23)vote details (118)

voter	rshares	pct
yefet	3,655,728,470	18.05%
mangou007	134,978,520	5.51%
ace108	310,605,787,385	10%
bert0	482,282,080	5.51%
uwelang	6,024,031,106	0.95%
eforucom	48,348,851,314	8%
ahmadmanga	679,045,438	13.3%
yuslindwi	538,282,203	20%
ew-and-patterns	95,185,750,765	10%
hardikv	4,936,603,838	20%
eturnerx	26,487,336,334	0.7%
dante31	1,447,833,412	9.5%
bahagia-arbi	744,517,331	19%
tomiscurious	26,792,611,699	6.5%
roleerob	906,981,136	0.22%
sayee	19,749,186,887	20%
vishalsingh4997	2,215,211,831	33%
happydolphin	15,792,617,364	11%
jatinhota	26,766,978,510	40%
mightpossibly	19,455,327,306	19%
inuke	2,819,555,010	100%
bobinson	222,777,376,828	40%
sankysanket18	26,653,092,078	20%
vintherinvest	19,330,496,644	9.5%
singhrajat	4,186,957,995	20%
vishire	1,317,337,946	40%
silenteyes	1,397,823,994	20%
shonyishere	2,129,890,390	28.8%
wovlou	1,426,178,410	10%
spydo	67,663,039,253	20%
frames	1,724,379,540	25%
bala41288	723,283,674,470	100%
portugalcoin	14,609,403,037	15%
indiaunited	396,365,984,328	40%
raqibul	822,734,284	20%
paragism	1,922,599,974	12%
gadrian	14,443,150,104	9.5%
ross92	639,684,100	9.5%
tresor	6,859,110,052	5.51%
manojbhatt	1,203,797,264	40%
rainbowbala	1,021,458,963	40%
getron	1,063,859,677	19%
maujmasti	581,456,458	100%
xawi	2,556,776,862	9.5%
guider	2,197,377,773	10%
punkblogs	3,490,795,292	30%
aliriera	35,790,025,494	52%
thefoundation	17,614,554,884	46%
linlux	1,116,092,647	100%
indiaunited-bot	1,456,805,664	40%
olumzy	19,622,061,239	5.7%
gallerani	1,163,915,050	19%
rilo	1,785,321,670	9.5%
pradeep.sidd68	1,533,866,071	4%
sbi8	94,447,852,640	44.63%
memeteca	713,118,849	5.51%
yashoda	524,259,310	20%
banat	3,931,512,255	19%
karishmasingh711	9,553,786,402	100%
khan.dayyanz	14,612,966,513	36%
suzana72	17,718,361,359	19%
flyingbolt	1,414,026,699	19%
some-asshole	1,102,499,712	12.5%
supu	35,216,646,628	8%
hashkings	2,994,203,086	2.85%
daniel-vs	1,143,784,846	19%
olaexcel	3,455,336,655	20%
tina-vs	1,166,063,025	19%
engrsayful	2,568,065,443	7.6%
zugs	30,599,627,201	8%
coredump	33,841,588	10%
megavest	44,592,305,043	19%
haxxdump	127,379,633	10%
travelwritemoney	5,262,154,957	19%
leo.voter	11,566,701,589,655	19%
bala-leo	1,566,601,812	19%
babytarazkp	4,007,455,890	40%
bastionpm	1,069,412,909	19%
kanibot	22,609,802,990	100%
mk-leo-token	212,068,634	100%
tonimontana.neo	42,697,322	4.01%
bilpcoin.pay	513,422,812	10%
unpopular	201,638,790,029	8%
snoochieboochies	433,148,860	9.5%
sharkthelion	4,649,231,121	25%
toni.pal	0	1.25%
onestop	2,962,267,851	9.5%
xxxxxxxxxxxxxxxx	1,737,644,513	9.5%
brofund	4,168,728,734	1.1%
leofinance	14,678,624,771	19%
ykretz	2,640,290,826	9.5%
bnk	7,547,397,215	5.51%
zuly63	2,444,236,106	15.2%
actioncats	16,947,287,798	9.5%
beehivetrader	802,969,536	9.5%
brofund-leo	0	1.1%
brofund-pal	0	1.1%
brofund-ag	7,603,553	1.1%
pankajkabdwal	520,556,943	40%
yogeshbhatt	1,208,861,325	40%
netaterra.leo	582,983,068	17.1%
godfather.ftw	1,413,696,908	36%
leo.tokens	1,743,914,216	19%
cielitorojo	9,332,965,928	9.5%
fundacoven	5,093,672,763	17.1%
elgatoshawua	2,541,643,967	9.5%
luckyali.leo	605,257,651	19%
snath	25,424,198,189	8%
cryptololo	1,989,983,962	17.1%
impurgent	644,818,386	40%
okluvmee	695,477,456	20%
moviekeeda	685,313,576	20%
photolovers1	1,465,722,474	40%
kamaleshwar	11,365,181,707	100%
chandra.shekar	17,887,329,068	100%
kannannv	52,508,207,977	100%
seed-treasury	935,578,662	9.5%
trasto	74,548,422,504	9.5%

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voter	weight	wgt%	rshares	pct	time
spaminator	0 B		-4,235,398,728	-0.25%
mmmmkkkk311	0 B		-23,101,325,730	-0.25%