If I have funds to apply from 5 different PANs (all retail); which is better? ABS--> Bigger size IPO, but expecting huge subscription also + QIB quota available Mandeep Auto--> Relatively smaller size, expecting slightly less retail subscription but - NO QIB quota.
Please suggest. (rather than splitting I think better to apply all in 1 IPO only?)
13.1. PLAZA| Link| Bookmark|
May 11, 2024 10:51:16 AM
IPO Guru (2000+ Posts, 1200+ Likes)
@AjStar If u applying Main Ipo then all four should be of BHNI category . And for Sme two applications for 20 lot each and two for retail category IMO.
13.2. NeoLongus| Link| Bookmark|
May 11, 2024 10:57:04 AM
IPO Mentor (700+ Posts, 300+ Likes)
@AjStar ji - 1 app of 35 lots, 2 app of 2 lots and 1 app of 1 lot in my opinion.
@PLAZA@NeoLongus Thanks a lot for the guidance. I will surely try to implement the same in coming ipos.
NeoLongus ji and esteemed members; what is your opinion on 4 apps of 10 lots each &; in your experience is the above combination resulted better results than 4 - 10 lots apps with 1000x subscription. Looking forward to different perspectives fot more learning in this respect.
13.4. NeoLongus| Link| Bookmark|
May 15, 2024 2:59:48 AM
IPO Mentor (700+ Posts, 300+ Likes)
@AjStar ji - Beyond 20/25 lots, probability of allotment starts improving drastically (arithmetically speaking though not practically) and hence I'd prefer 35x1 rather than 10x4. Ultimately, it is all destiny so go with your gut...after all there are folks who also land up with allotment in retail in SME :) :)
As per RHP HDFC bank is the biggest Lender in terms of Long term and Short term Debt to the company, and so they might have attempted to convert Debt to Equity in order to secure the Loan Amt.
Issue Type: Book Built Revenue : Very Good PAT : Good but seems inflated for F.Y 20224 Debt : High Overall Financials : Moderate Company Valuation and Peer to peer Comparison: Fair Valuation Anchor Investment : YES Product Market Fit : Good Customer Base: Good Lead Manager & Registrar Track Record : Excellent Apply: YES
Revenue & PAT are good but company has high Debt. Most of the proceeds from the IPO will be used in wiping off Debt. Best part is company has good order book from Government and pvt companies, Considering the size of IPO, it seems good bet, one should apply for it.