I like Radiowalla - subscription biz with high repeat, good financials, quite cheap for a SaaS co (3x sales, vs upto 8-10x), good founders. Plus better allotment chances.
TAC have applied few retail. Will list well, but think very overvalued at 120% GMP for a biz that does 10 cr and has wonky financials.
@Dips Zala Ji.. Shaayad @Palka Ji.. Ne apply before 3 PM kiya hoga.. CG par post baad mai daali hogee... Apply karne ki.. I think so.. I can be wrong also..
@Safe Bet: Looking at current demand, I would not get surprised if all banks do so. SME IPO market has garnered so much attraction in last one year, people are switching banks/demat accounts only for IPO applications; so to retain existing customers, banks will allow some more time
Personally liking this the most as dark horse candidate
- Biz model is unique. They provide product & logistics capabilities to NBFCs & MFIs - tie up with NBFCs to access customers and use their own field staff to sell & service. Haven't seen any competitors do this. Also last mile logistics in rural India is non-trivial & valuable - Tier 2/3/4 focused which is India's next growth story - Promoters look solid, from professional background & worked in relevant sector in past (wish there were interviews of them) - Financials are good given nature of biz. H1 shows flattening (a concern), but IPO funds are focused on driving growth. Private label push is helping with margins. - At 10 PE, downside is limited. If one treats it as trading biz, 10 PE is fair, but if we treat it as sum of it's parts with a niche biz model, there's chance of rerating, esp given 65-70% YoY growth until now.
Planning to apply to get multiple lots, but it is a risky bet.
@rohiitian I also think the same about their Registered office.. Otherwise today morning I was gone to their above mentioned office to take same inputs regarding their future earnings etc..
22.2. rohiitian| Link| Bookmark|
March 28, 2024 2:49:55 PM
IPO Guru (1200+ Posts, 800+ Likes)
@diwan kapoor Yes I wish you were able to and could share more insights, but their head office is in Gurgaon
@rohiitian bro, I checked BOA of Chatha. Interestingly those who applied for 14 & 16 lots had 50% probability of allotment whilst 17 lots had 33%. Please correct me if I am wrong
In what priority one should apply. I'm looking for minimum risk right now so what should be the priority between blue Pebble, Aspire and G connect. Any suggestion