48.1. DownriteVJ| Link| Bookmark|
December 23, 2017 11:10:19 AM
IPO Guru (1400+ Posts, 1200+ Likes)
Total Issue Size 2,196,000 Total Bids Received 13,35,48,000 No. of times issue is subscribed in retail category 45.73 No. of times issue is subscribed 60.81
In a sustainable business scenario, margin is the foremost....low margin means the competition is fierce ...in other words, no moat or even a brand image to swear by.... It''s like buying a brokerage stock...even to achieve nominal increase in profit, the turnover needs to be increased drastically....
43. Ficpl| Link| Bookmark|
December 22, 2017 4:14:39 PM
Top Contributor (200+ Posts, 500+ Likes)
Apparantly there are no ''Cut off'' bids which evokes suspicion that a few or in fact quite a few bids could be dubious.... There is no denying that the listing would be positive..but this is certainly not the kind of stock to catch investor''s fancy in the future..not worthy of one''s portfolio I mean..
Let''s not forget the issue size...Just 6 odd Crores...So 10X means 60 Crore ....this can be manipulated single handedly if one decides to do so... The positives being it has manufacturing unit of sorts and some tie up with Patanjali...
37.2. DownriteVJ| Link| Bookmark|
December 22, 2017 4:01:45 PM
IPO Guru (1400+ Posts, 1200+ Likes)
Chance is the bleakest ....Perhaps the rightly timed news of the new AMUL MOU must have triggered this application frenzy ...Might improve the bottom line significantly ... Otherwise a company with 1% margin and such low market cap shouldn''t be privileged to be in that number when the likes of Godrej Agro or Avanti with 10K Crore plus market cap go marching in..Or so I would like to believe ...