The company has benefited from strong processes and systems that have established over the past 14 years of the Company’s operation. Due to the impact of COVID-19, their restaurants were temporarily closed from the third week of March 2020 and therefore the rent to revenue ratio for the 8 months period ended November 30, 2020 was not comparable.
140.1. arunARUN| Link| Bookmark|
March 22, 2021 5:15:12 PM
IPO Guru (1900+ Posts, 1600+ Likes)
They made losses in FY 19 and FY 20. These were not covid period
BBQ is 850 crs top line business. Peers like Jubilant is at 8 times EV Sales, Burger King is at 7 times EV Sales. At current value of IPO BBQ is at 2 times EV sales assuming IPO value at 1700 crs
138.1. arunARUN| Link| Bookmark|
March 22, 2021 5:12:20 PM
IPO Guru (1900+ Posts, 1600+ Likes)
But where is profit. You can always buy sales but difficult to ensure margin on that sales So the model of high sales is questionable?
Rakesh jee is not a god . People blindly apply in shares which they and there company purchases.they are giants there purchase in crores and even more than that. Simple rule dont follow any one. Before making any investment only criteria which needs to be follow is proper analysis of balance sheets.and future of company.
I read review of this ipo by expert and found that it is highly risky ipo and must be avoided . Do not think for it at the cost of Junjunwala @2% investment . God save all in EasyTrip but knowingly due not jump in this hotel ipo .
BBQ has very healthy operating margins of 20% better than many QSR players.
134. ipo share| Link| Bookmark|
March 22, 2021 3:52:32 PM
IPO Guru (1500+ Posts, 700+ Likes)
Easy Trip trading now almost at ipo price. Primary market sentiment reflecting secondary market condition. In such scenario, valuation and fundamental will definitely come into question.
Rakesh Jhunjhunuwala firm has done investment at 2400 crs (Rs 832 per share). Value discount was only due to Covid.
BBQ is 850 crs top line business. Peers like Jubilant is at 8 times EV Sales, Burger King is at 7 times EV Sales, Westlife is at 4 times EV Sales. At the current value of IPO BBQ is at 2 times EV Sales assuming IPO value at 1700 crs
133.2. IPO INFORMAR| Link| Bookmark|
March 22, 2021 11:47:21 AM
Top Contributor (300+ Posts, 200+ Likes)
AVOID ,EasyTrip below 200 ,
133.3. ipobull| Link| Bookmark|
March 22, 2021 12:06:49 PM
IPO Guru (1000+ Posts, 1000+ Likes)
You are absolutely right
133.4. PSR| Link| Bookmark|
March 22, 2021 1:55:14 PM
IPO Guru (1200+ Posts, 700+ Likes)
Mr.. ipobullI.
Difinitely I am going to apply, and there is no going back.
After seeing all these negative comments, I decided to increase my allocation to the shares of this company by 25%..
I am not wooried about the outcome, and I am prepared for write off, if warranted, but I will never book loss in this script.
133.5. arunARUN| Link| Bookmark|
March 22, 2021 3:50:45 PM
IPO Guru (1900+ Posts, 1600+ Likes)
@vibhor Rajput But where is profit. You can always buy sales but difficult to ensure margin on that sales So the model of high sales is questionable?
Once i seen this restaurant very hi fi rates.very low vegetarian customer. Same food available in market at 20 percent rates in jaipur. Results in shutting down its operations with in 6 months of opening. Huge debt not a burger king or mcdonalds type franchise business model. A big avoid if easy trip gave no or very less listing gain.then this should be a clear cut avoid.
131. ipobull| Link| Bookmark|
March 22, 2021 9:39:15 AM
IPO Guru (1000+ Posts, 1000+ Likes)
Read my message 792, 797.1 for MTAR. One can keep their fingers licking, but now MTAR cannot go down below 1000. You have opportunity in Easy Trip. It is consolidating at 202 before it flies to around 250 levels.
We see BBQ has been continuously raising capital one after the other and that tells us a lot
They need to keep raising cash, investing/burning it to stay relevant and clock growth Image PL NOTE THE ALL ABOVE MESSAGE COPIED FROM FOLLOWING SOURCE
In farzi valuation wali company me kabi apply mat karo inko 1 × b subscribe na kare taki inko pata lage ki share ki fare value kya ho investors k liye b premium ho sara maal khud lena chahti h esi companies or hmko loss dekar #bbq #kalyan #craftsman
- Income Tax Raid (please read RHP to know more details, can''t summarize it as its legal language) - Pledge (quite small but still) with RBL Bank - Geographical concentration - Red Apple acquisition wherein lender has not provided consent
- SHL and Directors engaged in a similar line of business - Criminal proceeding against a Promoter and Directors, Raoof Dhanani (Matter pending currently) - Johnny rockets closure - In Aug 2017 company couldn''t meet the criteria to list
- High contingent liabilities - National Anti-Profiteering Authority (GST) Notice - SEBI Proceedings in relation to certain non-compliances under securities-related laws.
There is no meening of large discussion . Please read review of Smart investment magazine ,most neutral and always positive for all IPO but this time the IPO avoid
121. rsk| Link| Bookmark|
March 22, 2021 11:46:10 AM
IPO Mentor (600+ Posts, 300+ Likes)
CBI raids top 3 SEBI officials residence and offices in mumbai