AVP Infracon Limited IPO Message Board (Page 6)

I did consider applying to get some guaranteed lots but finally decided to skip. I know that you can't expect top notch corporate governance in this sector at these valuations, but given the negative FCF and the fact that the old auditors had resigned due to pre-occupation in June last year ( might have a completely acceptable explanation ), I did not sense the feel good factor to apply.

I had also skipped USK last year and only got in once the discount to the IPO price got too tempting.

I think AVP might list at a premium but since I don't sell on the listing date that was not an important consideration for me. It is also possible it might turn out to be multibagger in a few years, but for me that did not compensate for the downside risk. All the best to those who have applied.

​@colcol Perhaps, but mgmt commentary is essential, especially in biz like EPC where revenue recognition is not linear through the year. For eg, as per mgmt they have crossed 140 Cr revenue as of Feb with slight margin improvement (ie. a backward looking statement, not a projection), while extrapolating RHP numbers will lead to incorrect conclusion.

​
@rohiitian  Sir, you are right, but accounting is not an exact science. Even at a company like L&T and auditors like PwC or E&Y, there is some flexibility around being more conservative/aggressive in revenue recognition. In this case, the auditor was appointed less than an year ago after the last one resigned due to pre-occupation. I would place a lot more weightage on the cash flow statement, which is not as dependent on the judgement of management/auditors as the P&L statement or Balance Sheet. Given the nature of the business, geographical concentration, perceived political risk, consistent cash burn, related party transactions, etc I am concerned about the cash flow that will ultimately be available for potential minority shareholders like me. So, I am going to need more valuation comfort than for stocks where these issues are not as pronounced.

Final call esteemed members (taking in consideration the QIB numbers also ) ?

If QIB is not itself interested, who will buy this share during listing?

Applay

Dar ke age jit he

Qib no. is still not significant . If it doesn't increase substantially , thinking about withdrawing my applications.

​@MAMU what is the GMP now

Applied
6/1/1/1

QIB entered now :-D

Sab Acha hoga ..

Agar Karan Arjun nahi ayenge toh woh portion NII/Retail mai add ho jayega kya.
please revert on this as soon as possible

it is better to avoid all the issues at the moment.
lets wait to stop the volatility in the market.

​@MAMU Can you please share the latest GMP.

No trade happening

Thanks

AVP Infracon SME IPO

Lot of Queries About Apply/not
As Subscription is low and High Allotment Chances

The premiums Are 25~%
But People At Ground level are not very bullish
Company is ok

Also a Big sized issue
I would suggest that only
Risk Takers Should Apply
Others Can Skip

Is QIB subscription figure not getting updated ? True they come late but it's still showing 0 here ...

its truly 0 here, promoter might be thinking why i added QIB portion. because of qib others are also hesitating to apply.

QIB's kaha hai ?? Kaha hai QIB's... kaha hai kaha hai ??

Wo bhi GMP dekh ke apply Karte hai...🤣🤣

QIB 0
HNI 5.32
Retail 8.16
Total 5.23

ADMIN SIR

Subscription is not moving at all
Please confirm our site is tracking and showing subscriptions correctly
regards

​@Noorul ​@rohiitian @lokes @newgen consultancy @M Gupta and other esteemed memebers.... please share a review on this one , i think this will garner very less subscription due to market sentiments and allotment can be easy here...

​@Tejas Pandya Ji...aap kafi anubhavi hain aur apka tajurba, jokhimbazi aur hasmukh vyaktitv, mujhe hamesha prerniya laga hai.

Keep minting!

​@NeoLongus 🙏🏼

ટંકશાળ કરવાનું રાખો (Keep minting!)

Market will be volatile, so avoiding for time being.
Only applying in retail

right avoid
market volatle gaing today minus 150 around
march is not good to apply because first time GMP have no meaning

I believe, subscription numbers will change tomorrow by good margin, once Pratham funds are released around noon time. So far, the response is low (I would be happy, if it stays this way, as planning to apply in this one, but will take final call tomorrow).

​@Dhiraj Ramchandani People are not waiting for Pratham epc funds. People are waiting for markets to stabilize(especially for smes). They want their capital preservation as pratham preference Because we have seen bunching of ipos before.

​@G profit Agreed sir, but itna bura company nahi hai ye. I mean, I have applied 2 retails, if subscription is low, my allotment chances increase; I will be happy; but then such fearful sentiment will impact listing too..