ASK Automotive Limited IPO Message Board (Page 22)

Anyone using SBI pl post if ESAF is unblocked. Its still blocked for me

Sbi fund is unblocked..Just a few minute before..

​@Kpchn Yes unblocked. sbi to waise hi badnaam kar rakha hai.

​@Admin @ Chittorgarh.com @Prachi @ Team Chittorgarh.com 
Please ensure there is only 1 recommendation per member per IPO and past track record of contributors recommending for better benefit of retail investors.
Thanks in advance

You better don't say them what is to be done and what not. After what you've done, you have stooped down to the lowest level one could have.

I'm really sorry to comment this. But you're a disgrace to this Chittorgarh community and the whole society in general.

What disgrace comment I have done....here contributors are recommendation based on QIB subscription and GMP... Which contributors did fundamental analysis in case of IRM Energy and USK Infra... further many of my known persons applied based on these members in IRM and USK...I have saved some of them from losing money...

Going mumbai to vapi-daman beach for few hours..
hope I will get proper connectivity for apply few retail application...

Bhai invite Kar rahe ho?

Ya family group ke jagah yahan message Kar diye ho?

​@IpoZINDAHAI 😄😄

I had applied for this ipo today also accepted the mandate but after some minutes i cancelled the application. But money is still blocked. When it will be unblocked?

If u applied through UPI, ur money will unblock within 1 or 2 hours ,if not it will unblock after completion of allotment..,

Okay, thanks for reply.

I am confused which option too select to apply in BHNI category for 66 lots in BANK OF INDIA netbanking.
1. IND-RII (Individuals applying upto 2 lakhs) as well as individuals/HUF/Trust etc applying for more than 2 lakhs. OR
2. NOH-NII-others (All entities other than QIBs, Bodies Corporate and Individuals).
Please suggest which category to apply for Bhni category?

I just heard that there might be a chances of accident. Some people have sold the applications in grey to hedge it. Anybody have any views on this. Is it correct?

PS: I have already applied it.

Yes Some accident could happen
But Worst Possible Listing would be 6-8% gains
So no great risk of Negative Listing

If you don't want to take risk then Don't apply 5-6 IPO'S are coming soon

There are 2 entries for ASK automotive in SBI netbanking. Which one is the correct one ?

Vo aa rahe hain.....

a bit confused in applying pattern.
opt 1 ....3 bhni 3 retail
opt 2.....6 retail

retail has 35%.....bhni 10% (but incase of over sub, its div by 5)

3 bHNI means?

Planning to apply few retail application here

Same here bro..next time convert into only retail

Bro 1 in cello and 1 in ask retail. Something is better than nothing..

​@Crow Your final verdict in ASK? Apply or avoid for listing gains or short term?

​@Crow +1

​@newgen consultancy @Ankur Goel @Jetha Lal 
OFF TOPIC
RR KABEL and JSWINFRA making new 52 wk highs..

Any view..

Also any view on ADANI WILMAR as there is rumour Adani exiting JV

I am bullish on RR Kabel and JSWInfra. I have sold these two stocks since IPO. Even I accumulated JSWInfra on listing.

I think, more fire left in these counters.

I have ***not**** sold these two stocks since IPO.

GMP Update Please

GMP 50..

Do we have to click on cutoff or not while aplying in hni and what does it means .

Thanks in advance

You shouldn't select cutoff tick box
Instead manually give cut off price

Just click on spam button of @Ak Lakhotia Post....Admin will do it.

I think the admin had already deleted his message

Latest Gmp of ASK?

Assuming all the money from ESAF comes into ASK.
bHNI application wise subscription should be atleast - 10x

Bhni is subscribed 2.86 X (latest data); if it gets subscribed below or equal to 5X, is there chances that a person applying in bhni will get bhni but not in shni? Can some expert clarify?
Today is the last day.

This is a good company; but till now subscription figure is disappointing. What could the reason?
Any valued opinion pl.

Regards

Subscription figure is low because amount is blocked in ESAF. As the amount gets freed up from there, you will see diversion of funds here.

Excellent QIB subscription is expected. The number of applications will gradually increase as the day progresses.

Funds for many people just unblocked from ESAF. Expect subscription to pick up for HNI and Retail soon

Company is the largest manufacturer of brake shoe and advanced braking system for two wheelers, wheel assembly and safety control cables among other things. Its offerings are used for EV as well as ICE engines.
It has 16 manufacturing facilities in India
In 22-23, sales grew by 27% on back of 30% growth in sales in 21-22.
Decent cash flow, 39 mths ending 30-Jun-23, PBT is Rs 473.35 cr while 39 mths ending 30-June-23, CFOB4T is Rs 548.86 cr7.5%
Excepting 20-21, EBITDA margin was 9% in 21-22, 9.65% in 22-23 and 9.85% in Q1FY24
Working capital days have been in the range of 26-30 days.
Company’s listed peers UNO Minda trades at PE of 52.6, Sandhar Tech trades at PE of 29.4, Endurance trades at PE of 46.4. On fully diluted basis, company’s EPS is 6.18 and PE of 47
Material cost as % of sales was 69% in 21-22, 70% in 22-23 and in Q1FY24. Capacity utilisation in 22-23 was 79% for brake shoe, 57% for brake assembly and disc brake pad, 76% for pressure castings, 40% for cables. Except cables, capacity utilisation has been consistently increasing for the last 3 fiscals.
Other income of Rs 11 cr for 22-23 includes profit on sale of property Rs 2.6 cr, government grant of Rs 2.8 cr and provision write back of Rs 1.4 cr.
YoY, in 22-23, other expense grew by 22.6% from Rs 328 cr to Rs 402 cr. Power & fuel grew by 26%, stores and spares consumption grew by 20%, contractual labor charges by 16%, job work charges by 25%, freight by 24%, repairs and maintenance by 50%, legal & professional charges by 67%.       
Weighted average rate of interest for 22-23 was 7.48% while for Q1FY24 was 8.42%
As on 30-Jun-23, company had 1302 employees while as per EPFO, it deposited PF for 1461 employees for Sep-23 and 1592 employees for Sep-22
Attrition rate for 22-23 was 20% which is high for a automobile component manufacturing company.
Company has 16 to 30 years of relationship with all major 2 wheeler manufacturers in India.
Revenue from top 3 customers was 60.8% in 22-23 and 58.4% in Q1FY2
Top 10 suppliers provided 46.6% of material consumed in 22-23 while it was 48.5% in Q1FY24.
Receivables as on 30-Jun-23 were Rs 205 cr of which Rs 21 cr was unbilled revenue, Rs 157 were not due, Rs 27 cr were overdue for less than 6 months. Relatively clean debtors profile.
Full OFS issue
Decent anchor book with participation by Abakkus (Sunil Singhania), 3P (Prashant Jain-ex HDFC AMC)

​@newgen consultancy Admin please AK Lakhotia members is spreading dispute in this platform also ak lakhotia came 1 nov 2023 and see attch file please banned AK lakhotia otherwise valuable member like @newgen consultancy @diwan kapoor @pkaj also eagle eyes and others members who can left unconscious issues thanks adv

Requesting @Admin @ Chittorgarh.com @Prachi @ Team Chittorgarh.com to ban @Ak Lakhotia for the betterment of the Chittorgarh website.

Without any qualification, a fake and dubious member AK Lakhotia is raising his finger at the gem of this website- @newgen consultancy .

Members like AK Lakhotia are a disgrace to the Chittorgarh forum and this society and should be banned immediately.