Shadowfax IPO got Negative Listing gains
Hello Hive Fam!
Hope life is treating you well wherever you are in this part of the world.
Last week, I posted about an IPO in this blog, and I talked about the company called Shadowfax Technologies. This is a logistics company that opened its IPO for the general public, and the stock is listed on the market. I was not lucky enough to get the allocation for this IPO, and I applied for two lots. The per share price was INR 124, and a minimum of 120 shares was required in one lot. Therefore, anyone who applied for the IPO had to invest a minimum of INR 14,880.
I applied for two lots because with a higher number of lots, the possibility to get the allocation is also higher And I was not lucky enough to get the allocation so I was slightly sad when this allocation was revealed a few days back. today when the stock is listed on the market, the price less by 12% than the IPO price. Now I am happy that I did not get the allocations, else I would have lost 12% of my money just in a matter of a few days. I understand that investing on IPO is risky and there is no guarantee that every listing will be profitable, but in 2025, my success ratio was good.
This is a popular logistics company, and it is also backed by a leading e-commerce giant called flipkart So there were chances that the stock listing will be happening with some premium, but not clear what went wrong, and it happened with 12% discount on the IPO Share Price. logistic a very rough industry Where profitability is also very competitive because of so many players in the market, and since this company primarily deals with e-commerce platforms, their business model is kind of stable. Probably because of this reason, people thought that investing in this company could be a good decision.
✨✧✦✧✨✧✦✧✨✧✦✧✨✨✧✦✧✨✧✦✧✨✧✦✧✨✨✧✦✧✨✧✦✧✨✧✦✧✨✨✧✦✧✨
Overall, there is a loss of 9.19% on the listing price, and for me, it was a short-term stock, so I have no plan to buy this now. Choosing a gem through IPO is not easy, and before I go for investing in IPO, I also go through the balance sheet, cash flow, and debt, etc. It's a good example that despite looking through thorough fundamentals, an investment can be loss-making. This is why we should always diversify and never invest everything in one asset/company, even if it looks too good. I am glad that I did not lose anything because I did not get the allocation, but many people lost money on this IPO.
What strategy do you follow for investing in Stocks or IPO?
✨✧✦✧✨✧✦✧✨✧✦✧✨✨✧✦✧✨✧✦✧✨✧✦✧✨✨✧✦✧✨✧✦✧✨✧✦✧✨✨✧✦✧✨
Images courtesy- https://groww.in website
Posted Using INLEO
Never heard of the company before. Small Cap I guess.
Its not a global company, and you say its a Small Cap
My friend, I think that even though you didn't get it, you still came out ahead, and diversifying your options is good advice. I'm not currently investing, but I'm preparing for the future.
I wish you success and will be following your investments closely; I'm learning about this new world for me. Best of luck!
It's good that you weren't approved; it was ultimately beneficial. What you should evaluate is what happened so you can be more careful with your next investments, but it's difficult because, from what I see, everything depends on external factors, as has been explained to me, and investments are a risk.
You dodged the bullet of a quick 12% loss :)
I don't like playing IPOs they are too risky because there always seems to be someone to dump on you...
You live. You learn.
Use this for future experiences in this field, because you've certainly learned something useful.
There is no gem in IPO market...those which has good reputation alwsys get a higher subscription making it on luck to get some allotment...why dont you try to sme ipo, if you get a lot it will give good return, because the lot size is more.
This post has been manually curated by @steemflow from Indiaunited community. Join us on our Discord Server.
Do you know that you can earn a passive income by delegating to @indiaunited. We share more than 100 % of the curation rewards with the delegators in the form of IUC tokens.
Here are some handy links for delegations: 100HP, 250HP, 500HP, 1000HP.
100% of the rewards from this comment goes to the curator for their manual curation efforts. Please encourage the curator @steemflow by upvoting this comment and support the community by voting the posts made by @indiaunited.
This is bad. Most of the time when I have applied for an IPO, I didn't receive any allotment of shares and hence stopped investing via IPO..
This time I am glad that I didn't get the allocation. But I relate with you that getting no allocation is frustrating