Ahlada Engineers Ltd IPO Message Board (Page 3)

I attended investor meet of Ahlada. They displayed the product. It is very innovative wood finish door. There are no competitors in the market as on date. No One is manufacturing this technology doors in India. Getting order from TATA Steel is very big achievement for this company. These doors are selling under brand name "TATA PRAVESH" by TATA.

Googled about tata pravesh brand. Found so many videos. They have agreement with tata with assured production off take 12 lac doors over period of 4 years. This shows strength for growing of company. They are manufacturing windows also. Till date no agreement with TATA for windows. Considering good potential growth of the company, one can bet on this company.

Found video on google about the company. https://www.youtube.com/watch?v=D6pAiOKGhoc.

@ downritevj ji
Dilip sir' review on this stock is Subscribe

avoid or Apply ?

@small investor

i don't see much gain here as this issue is of 50 Cr. The sub figures are going to be low and there will be too much selling pressure.

The only point worth seeing is that the TATA part. I am planning to stay away from this.

Might change my mind on seeing the how QIB and HNI's respond.

Valuation discomfort,
Can't offer such a High Valuations to exclusive fabricator......
Tata Steel itself available much cheaper....
Management have proven track record (Ex Promotor of Shanta Bio)

Ahlada Engineers IPO - Preferential Allotment of 7,60,000 Equity Shares to Amit Gunchandra Mehta (35,000), Chirag Ranjit Negandhi (75,000), Jagdish Naresh Master (3,25,000) and M/s Pivotal Enterprises Private Limited (3,25,000) on 05 May 2018 at Rs 134.

thanks sir for quality info,

would like to know that has preferential allotment locking period?

@ RACHBHARE @ The person who are given shares in Private Placement at A DIRT CHEAP RATE (of RS 134/-) they will immediately sell on the very first day of listing.

^^^ Lol! ..Are you serious? ..I mean IPOs can't be funny like that ..They involve multiple parties and some serious money regulated by some serious rules / laws....Pre ipo shares have a minimum post listing lock in period of one year. Minimum Okay? ...Now... Do you have any citations to prove otherwise?

Marketing solid chal rhi hai dosto

Ahlada Engineers Ltd.

Lead Managed by Saffron Equity Advisors Pvt Ltd.

SAFFRON LEAD MANAGERS: FIRST SME issue of CADSYS (India) Ltd issued at Rs 70/- is now hovering at discount of 21%. It had touched a low of Rs 56/-

SAFFRON LEAD MANAGERS: SECOND SME issue of SORICH FOILS Ltd garnered very less subscription and the Lead Managers had to with draw the issue of SORICH FOILS Ltd.

SAFFRON LEAD MANAGERS: THIRD SME issue in which you are all going to apply please read below the RISK FACTORS.

Its majority of the production is sold to only one company viz. TSL, thus its very risky, it is like the investors will be "PUTTING ALL EGGS IN ONE BASKET"

The net profit has shot up nearly 250% just at the time of company going public.

The turnover of the company is more or less the same from previous year as compared to the year its going public.

Hence the sudden jump in the net profits without increase in the corresponding turnover looks fishy.

The promoters cost of acquisition is just Rs 18.45

Whereas the book value is only Rs 48.75

The issue at a price of Rs 150 per share is very aggressively priced.

Hence there is no room for investors for appreciation.

Out of the outstanding capital, almost half is issued as bonus shares in January 2018 (recently)

The markets and index are going down drastically. Many top 50 index stocks have gone down, no one is ready to invest in mid cap and small caps, because the stock exchanges and SEBI have put SME sector in T2T, hence in SME sector there are no buyers, and this Ahlada Engineers Ltd which is exorbitantly price will not able to fulfil investors expectations.

@ RACHBHARE @
The turnover of the company is more or less the same from previous year as compared to the year its going public.
Hence the sudden jump in the net profits without increase in the corresponding turnover looks fishy.


^^^^ Ii depends on what is being sold. Had Fred Deluca sold loose bananas or eggs with his 1000 bucks borrowed capital instead of specialized, artistic sandwiches, Subway couldn't have been a reality.

Two things have happened here with the case in point. although the turnover has remained the same, the product offering has changed. Share of the branded part (Tata Pravesh or whatever) has risen 3 fold while the unbranded has fallen commensurately.

Moreover, the finished product off take for the next four years assured by a trusted name like Tatas is very reassuring. The industry vertical to which the company caters to, namely - Pharma is booming as a result of the ever falling rupee.

Fundamental study karke hi lagana .. paise apke hai

Promotor Quality is very Good but Valuations provide discomfort...

Don't follow big names blindly....
Costly valuation....
May be available less than issue price....

Pro: Tata Steel backed by this company. So we can consider for applying after seeing subscription of HNI.
Neg: This is big issue. Big issues never gives substantial profit on listing.

I never applied in SME IPO, is it worth applying?

will be available at 50 rs after listing

I think this is good IPO to apply strong order book, high revenue generation predictions and financial performance and earnings will be more after IPO on top Dilip Dawda sir has given subscribe call to this IPO, look at his last 1 year IPO recommendations each has listed with decent premium.
I look forward for expert comments

Any one attended the Investors Meet of Ahlada

may be skipped

Can't give such a High Valuations to Contract Manufacturer.
So better opportunities are available in the Market...

COMPANY VALUATION
Particulars====POST ISSUE===PRE ISSUE
EPS=============6.26====9.24
NAV============67.75====41.66
RONW===========9.24====22.18
DE==============1.25====2.99
EBIDTA MARGIN===16.26===16.26
PAT MARGIN=======6.33====6.33
PE==============23.96====16.23
P/BV==============2.21====3.6
MC/SALES=========1.52====1.03
EV/EBITA=========14.67====11.67

Can we apply>>

Looking at the list of IPOs dealt by LM, most of them are mainline iPOs...BUT, not one is above the issue price and shockingly most are now penny stocks...

AVOID !!!!!!!!!!!!!!!

good observation.
all the companies managed by them have been complete disasters..some have wound up and others have become penny stocks. why does sebi even allow these guys to run issues or maybe they have entered sme because sebi is not involved in sme?

good remark.
two SMEs dealt by the LM. From those one was closed before subscription and other is on the way to be penny stock....

Pricing of this issue is Rs. 147-150 per share. Minimum lot 1000 shares and total fund mobilization is approx. Rs. 51.06 cr. (at the upper price band of the issue)

@ Davda ji : query on MARSHALL MACHINE IPO - there are some news going around on Patent Litigations and court cases. your views please

Promoters intentions are amply clear. AVOID