Something is fishy about this Issue. For the size of their current operation in Barges and the new Hospitality sector entry their Employee count of 16 is way too small. Also the original Equity was a mere 0.0118 cr and the Promotors rewarded themselves handsomely with Bonus Issue of 750 shares for each share in May 2023. Those who see any positive factor may pl explain
15+ employees have completed 850+ projects, but time period of execution of this 850+ projects is not mentioned. Really wonder the size and complexity of this so called 850+ "projects" Seems really unrealistic or may be need to know their definition of term "project"
Yes too fishy. A company which was started in 1987 should be in a position to go in MainBoard now and employee count should be at least 500. But it's employee count is 15, promoters are 4 people and coming to SME.
@Admin @ Chittorgarh.com company kya karti h? Kis sector m ? About company details? Plz add on top of page about company details. That give us help for apply or not
Also plz remove present top detail from page about issue detail MM, Lead Manager, issue size which give also in page
19. Mr. Singh| Link| Bookmark|
October 11, 2023 1:49:00 PM
IPO Guru (1000+ Posts, 600+ Likes)
Not specific to this SME IPO but all. There is a article on moneycontrol.
Looks like grey operator has connection with registrar for allotment.
The operator, in cahoots with the registrar, then tries to make sure that about 40-50 percent of "fixed cost" applications definitely get allotment so that he pockets all the listing gains while his outgo in cash is much lesser than the first method.
Why take the article seriously is just to tell the grey market is working. Mr Singh if you don't get allotment that does mean some fussy it's going.. Through such market, you are making money....
They are not forcing retailers to sell applications in the market. If up to their decision whether to sell or not. Even we as retail happy earn some money.. Risk factor always there... Blick SEBI SEBI kar raha hey
@Boy Its not about forcing the Retail customers to sell applications, its just that Registrar has deal with broker to give allotment for 40-50% of application who have sold their application for 2000rs. So the actual retail allotment is much less .
19.6. Mr. Singh| Link| Bookmark|
October 11, 2023 5:45:18 PM
IPO Guru (1000+ Posts, 600+ Likes)
@Boy If there is scam in government job you will say who is forcing you to apply for it. If there is scam in cricket (fixing) you will say who is asking you to watch. If there is scam in market (karvey, many other) you will say who is asking you to invest in stocks. Dude we are in democracy and every one has right to raise voice. If there is article in a reputed news channel then there must be some truth behind it.
19.7. Learner SK| Link| Bookmark|
October 11, 2023 9:19:46 PM
Top Contributor (1000+ Posts, 200+ Likes)
Ignore . He is a boy, not a man.
19.8. ipo share| Link| Bookmark|
October 11, 2023 11:02:32 PM
IPO Guru (1600+ Posts, 800+ Likes)
@Mr. Singh Fully agree with you. If these allegations are true, then it is a financial crime. This is cornering shares of genuine retail investors by illegal means and alloting to those who were not actually entitled but made entitled by wrong means. These are all forms of financial frauds.
Are you out of your mind? Have you even read the article ?
According to this article, the registrar is doing the allotment to the specific sold application....And you, as a retailer, loosing the chances of allotment.
13. YBPK| Link| Bookmark|
October 11, 2023 2:30:32 PM
Top Contributor (200+ Posts, 700 Likes)
The Management Team of “Arvind And Company Shipping Agencies Limited.” invites you to “Brokers / Analyst Meet” in connection with its INITIAL PUBLIC OFFERING on NSE Emerge. Issue Size: Rs.14.74 crore; Issue Price: Rs. 45. Lead Manager to the Issue: Beeline Capital Advisors Private Limited *IPO Update Call*Date: October 11, 2023 (Wednesday) Time: 4:30 pm - 5:30 pm. Click Here to Join the Meet: https://www.c-meeting.com/web3/join/X4EFHEPEXECR9N 🎯 IPO Subscription dates IPO Opens on – Oct 12, 2023 IPO Closes on – Oct 16, 2023 🎯 Key Highlights:▪️ Part of the well established Arcadia Group▪️Provides comprehensive barge chartering services for commercial purposes▪️Recently forayed into hospitality business▪️ FY23- Rs 711.45 lakh Turnover & Net Profit of Rs.347.12 lakh▪️FY23 EBITDA margin of 92.49% and PAT margin of 48.79% 🎯 RHP : http://bit.ly/46lgSqR 🎯 Investor Presentation: https://bit.ly/3RLtDXs
12. BLUE WHALE| Link| Bookmark|
October 11, 2023 2:23:32 PM
Top Contributor (400+ Posts, 200+ Likes)
Meri SEBI Mahan. Usko sab pata hai aur uski naak ke niche hi sab hota hai.
Sir, I was wondering if it would be worthwhile to subdivide the 'Subscribe' column in the 'Buy or Not' section into Two Parts. That is into 'Apply' and 'May Apply'. Mostly when we see the review as 'Subscribe', the tendency is to scroll up again to see whether it's Apply or May Apply. This way there will be no such need.
Poor Financial Multiple income tax demands are still pending Highly leverage Borrowing to topline is more than 3 times Only last 3 Years turnover and that too seems for ipo booking Pbdit margins are 80% - suspicious No major free asset in co name Hotel business receipts are negligible Also hotel property now owned by co Does not seems to worth ipo apply