Anchors: 1. NAV CAPITAL VCC - NAV CAPITAL EMERGING STAR FUND 3,25,200, 76.34% of Anchor at Rs. 100/- 2. ELARA INDIA OPPORTUNITIES FUND LIMITED 1,00,800, 23.66% of anchors at Rs. 100/
Yes, as given out in last para above. The main problem is QIB- 50% shares are reserved for them and in SMEs, barring few, they create selling pressure in initial days.
45.1. Imhilli| Link| Bookmark|
December 28, 2022 9:43:15 PM
IPO Guru (1200+ Posts, 700+ Likes)
Yes... chance is always there... chances are more with higher number of lot size... but actual chance depends on the oversubscribed figures.
45.2. ipo share| Link| Bookmark|
December 28, 2022 11:45:40 PM
IPO Guru (1600+ Posts, 800+ Likes)
You can get 2 lots in HNI when it is not oversubscribed. But in case of oversubscription, you can get only 1 lot, that too when you are very lucky to get allotment in lottery. Presently, sme ipos are getting hugely oversubscribed.
So is there more chance of allotment for higher number of lots application? Or is it lottery based, which means both 2 lots and 10 lots have same chance of allotment? Please let us know. This is always confusing.
@Team Chittorgarh. In above discription you mention size of Anchor book is 15cr.. that makes it equal to size of total issue of IPO. Please correct it.
Dear Admin The paragraph on Anchor Investors seems tobe bit confusing. It has been stated that ended on 2nd Jan.23. This date is yet to some. Their bids already ended today. From tomorrow it will open for public and close on 2nd Jan.23. If I am wrong, please correct me.
Avoid as many negatives for this company. 1.Company has taken loans from 2021 to 2022 from HDFC Bank, ICICI BANK, Axis Bank, Fullerton, Bajaj Finserv, Clix capital, Deutsche Bank, IDFC First Bank, Poonawalla fincorp, Neo Growth, Yes Bank, Indusind Bank and surprisingly all these loans are unsecured. 2. Some creditors to the tune of more than 2 crores are payable since more than 1 year. 3. Cash flow is negative. 4. PE Ratio of 16.92 for 2021-22 not considering the current IPO proceeds. 5. Many related party transactions. 6. Most of all premises are on rent and rent premises are owned by promoter group. 7. Company is in trading busniess and service providing business. Good point is no proceedings against company except tax matters.
36.1. Gingal| Link| Bookmark|
December 27, 2022 5:58:29 PM
Top Contributor (200+ Posts, 100+ Likes)
If Company have got unsecured loan that's positive point for it. That shows lender's credence for company.
Yes right very difficult to get loan from these many banks in just 2 years of time. Why this company has to take loans from these many banks and not taken from a single bank. Would it not give loan to it?
35. ipo share| Link| Bookmark|
December 27, 2022 9:10:51 PM
IPO Guru (1600+ Posts, 800+ Likes)
30. Liger| Link| Bookmark|
December 27, 2022 10:09:23 AM
Top Contributor (300+ Posts, 500+ Likes)
The average cost of acquisition of shares by the promoters is Rs. 0.0014 and Rs. 0.02 per share. 😂 The sudden boost in bottom lines in the pre-IPO year appears as window dressing.
However, these are silly and petty things and do not matter when applying for a sme ipo. 🤣
@Liger, I alway think why should we bother for the acquisition cost of the promoters. They are after all promoters. This is not only about the promoters of this company but the promoters of all companies. Is it easy to start a company with idea and finance? Lot of effort is done to promote and run a company. Investors need 30, 40,50 and even more than 100% appreciation in 15 days. Without doing any effort except applying in SME, or IPO. Is it easy to promote a company and run it efficiently to enter the share market. If you remember the promoters of Shankarea Build Products, MBAs from top IIMs of our country. High skilled and knowledgeable. They worked very hard from all respect to promote a Company. They did not accept very high paid Salaries. There are many other startups also. Should we expect Rs 10 share at par or at the acquisition cost of promoters. Take all these factors in consideration and then decide, whether to apply or not. In my opinion it is better to think that the IPO is going to give return in 15 days or not. Not necessary to apply in each and every IPO whether main or SME. In 15 odd days "BALLE, BALLE". Padho sabaki post, likho mun ki post. Enjoy CG.
29. Vultureee| Link| Bookmark|
December 27, 2022 10:04:47 AM
IPO Mentor (500+ Posts, 300+ Likes)
SVS Ventures Limited-BSE SME IPO
Issue Date : 30-Dec,2022 to 4-Jan, 2023 Price : ₹20 Lot Size : 6000 Shares
So far so good..... Not much to check in SME IPOs ... Profit making, rising revenue, scalable business model, ok sector, commanding decent GMP..... Then I would go for it.... Of course I don't think this is a long term bet.... So will exit with profit if allotted.... Am no expert so no general recommendation.... Do consult your fin advisor....
27. Chem cho| Link| Bookmark|
December 26, 2022 2:57:07 PM
IPO Guru (2600+ Posts, 2700+ Likes)