Bizotic Commercial Limited IPO Message Board (Page 4)

💊💉NEW NSE SME💊💉

💊💉Vilion Bio Med Ltd.
Final date : 16 - 21
Issue size : 12 Cr. / 40,00,000 Sh.
Lot : 4,000 Sh.
Issue Price : 30
LM : Inventure Merchant Banker

Worst LM and heard 60 per discount deals in market
Don’t apply
Avoid for me

To chittorghar addmin ji
Pl details provide in all companey pramoters name and pramoters all profile details etc

Thanks
Best regards......

LM is having a very poor past record of listing and post listing also. Though financials look good but valuations are on higher side along with unattractive industry.

YoY the companies revenue seems to show a degrowth
Net profit margin is around 1 to 2 % which can be wiped out due to bad inventory management or defaulting debtors.
90% of the assets are inventory and debtors so the company does not have any worthwhile fixed assets. Out of fixed assets of Rs 85 lacs, the biggest individual item is motor car of Rs 42 lacs.
It is a pure trading business as even advertising, marketing, brand building expenses are minimal
Cash flow conversion, PBT to CFO before tax is poor which shows this is a working capital intensive business and profits are paper profits only
Lenders are charging 15 to 19% interest to the company, which indicates their credit assessment of company.
Payables of Rs 3.5 cr are due for over 1 year indicating probable working capital stress.
Receivables of Rs 1.5 cr out of Rs 13.45 cr (approx. 10%) are due for more than 1 year. For a 2% margin business, this is high risk.

I think this LM is worst performed. Irrespective of the financials, I will respectfully skip this IPO.
All the best to those who are applying.

101% discount issue

prem 10 discount

Bizotoc fix 1350

@Admin @ Chittorgarh.com 

Financial figures included till march 22 Only.
Kindly update March 23 figure from RHP

@Admin @ Chittorgarh.com 

F. Y 22-23 figures are still not added

RHP has figures till December 22 kindly add the same.

Financial looks good
So won't participate

I will this Issue.

Won't apply

If you want to burn your hard earned money........please subscribe to URBEN UNITED.

But financial performance looks quite descent. Good growth in revenue and PAT.
Can you please explain with reason for your avoid recommendation? Thanks.

I agree with @ipo share company is also planning for CAPEX and LOAN Repayment. so expecting better performance in short term future.

From my end yes to ipo.. still waiting for DD sir Review.

^^^ URBAN Vs URBAN ^^^

Urban Enviro 🆚️ Urban United

Waste v🆚️s West

Again dates are clashing like 2 management companies IPO.

As per market feedback 60% discount deal

Can you pl. explain the term 60 % discount If you don't mind. Thank You