Increase in retail quota from 35 to 50 % will increase retail allotment . Minimum 50 % allotment is sure and this will impact on GMP on listing day .If QIB 100 times and HNI 250 times then only listing gain like otherwise ,no gain but loss is very likely as ipo is over priced . Better avoid as profit is very little likely and loss is not unpredicted .
Basic and Diluted Earnings Per Share (“EPS”) at face value of Rs 10, as adjusted for change in capital: March 31, 2019 Basic EPS 4.31 March 31, 2020 Basic EPS 5.65 March 31, 2021 Basic EPS 22.06
March 31, 2019 Diluted EPS 3.87 1 March 31, 2020 Diluted EPS 5.07 2 March 31, 2021 Diluted EPS 19.19
IF P/E CALCULATED ON Diluted EPS THEN IT IS (1618/19.19) 84.31 WHICH IS MUCH MORE THAN TRAILING EPS 73.34. ADDITIONAL 47,03,268/- SHARES ARE AVAILABLE UNDER ESOP PLAN MUCH LOWER THAN IPO PRICE. (ESOP PRICE RANG BETWEEN RS.11-825). THAT VASTED OPTION IS APP 25% OF IPO SIZE. PLEASE READ RHP ONCE BEFORE GOING FOR APPLYING IPO.
Was cartrade anchors there? Actually as this is a ofs was there an anchor? Sorry I am new so confused.. If anchors was there was it good for cartrade? All 4 ipos are very less subscribed till now in which cartrade looked good but that was also not subscribed upto par.. What are all your views ?? Apply or pass???
137. sdz| Link| Bookmark|
August 10, 2021 1:06:43 PM
IPO Guru (1000+ Posts, 500+ Likes)
FY21 Adjusted PE 200 😲😱 and still I''m applying. This is what we call as IPO addiction i think 😂😂
It appears Company has made lot of adjustments in the financials. When entire year has gone in Pandemic (FY 20-21) company has shown highest profit. Also, it is only OFS. The promoters are selling their stake and running away with entire money. Even if they are selling only small stake, doesnt matter. The value they are asking for that small stake is much more that entire money they have invested. Please pelase stay away from such OFS. It is wrong to say this is IPO. It is actually OFS only.
Can someone tell me how the PAT increased 3times.. of car trade even if the turnover declined sharply in 21.. also what is the operating profit for the 21.. What is the use of fund other than trading of used car??
Revenue declined marginally (sharply is not the word I would use for a 5-10% movement).
In that PAT of Rs 101 crores, Rs 64 crores is because of some accounting changes that happened because of the govt. passing a bill in 2021 (related to depreciation of goodwill). To comply with that bill, the company put 64 crores as deferred tax in the P&L statement.
Take that out and you end up with Rs 37 crores of profit for FY21, this is the figure you can consider to decide weather to invest or not.
Car trade not selling only used car, they different type of software product for car dealer , CRM software, they also provide IT solutions for car dealer, they also earn for car bikes review, they have other vertical business resources.
This Cartarde is not IPO but offer for sales, All 2998 crore is offer for sales & promoter take money home.
Promoter u make 29 crore profit/year & using bull market sentiment for sell 40% stake. If company is good why u dumping 40% stake.
If u take ipo for rising money for company expansion that''''s ok but this is not ipo but offer for sales for buying luxurious car, home for yourself.
SEBI look at & remove IPO tag, This is offer for sales & rising money only for promoter own use & misguide Investor.
Even All 4 IPO over valued ignore all 4 ipo, They will use Market bull sentiment.
Nuvoco Nirma group company, Nirma delisted in 2011 at price 260 now it''s group company coming with ipo
Chemplast delisted in 2012 at just Rs 15, Now same company coming with ipo price 541 mean Promoter buy back all share at 15 in 2012 now same share they will give public 30x more price Rs.541...What a fraud bull shit.
I agree with you but just a factual correction, Chemplast delisted at 15 with a face value of 1 per share and getting relisted at 541 with face value of 5 per share. So for comparison purpose use 75 as a delisting price.
can someone help me if turnover of card trade declined in year 2021 how the PAT increased 3 times? what is the operating profits of the company in year 2021 and business model except trading of used cars?
Avoid all IPOS as no listing gain predicted, CarTrade allotment expected 1:2 (50%) so on listing heavy selling will be observed and GMP will fall substantial .Risky !! Apply only IF HNI and QIB will apply at 2.30 PM tomorrow .
Mr. Anikiatef Regarding your favourite NMDC, I am the most sufferer in it. I am holding this from 2010. You might be remembering the issue price. Buy back by Govt. at 135 Just less than half the issue price. Again FPO at 165. Is it not a cheating by Govt. No doubt good dividend. Another Coal India, again sufferings. In most.of Government issue public seems a looser. Recent IRFC Acceptions are always there. People have respect for you. I also respect people like you. I am a senior citizens. Good to find comments from people like you For NMDC I am badly disappointed. Your other recommendations are good. Hope you won''t mind my comments. Have good time.
123.1. Aniketiaf| Link| Bookmark|
August 9, 2021 7:56:02 PM
IPO Guru (1800+ Posts, 10200+ Likes)
PKK sir, I have never mind any comments( Negative or Positive) so you can pull my legs/ears without any hesitation. Your concern on Government interfare is very genuine. I personally think, if ofs @ 165 is not planned than NMDC would be at least 210 at present. I am also not a lover of PSUs, but as NMDC has strong iron ore prices and volumes which was reflected in its 4QFY21 result – NMDC''s blended realisation for Q4FY21 was at Rs 6138/tonne, up 67% YoY, 32% QoQ, EBITDA for the quarter was at Rs 4242 crore (up 184% YoY, 53% QoQ), For Q4FY21, EBITDA/tonne was at Rs 3847/tonne, up 110% YoY, 27% QoQ. NMDC is Under Valued based on the estimates of intrinsic value and hence may be a good buying opportunity keeping in mind the price hike and dividend yield. As stock has doubled in last 8/9 months but again I think, it is capable to cross 300 within next one year.
@Aniketiaf ji, thanks for your analysis on NMDC. I have purchased NMDC @166 from market, during recent OFS time. I was just wandering about the future of NMDC since iron ore price may fall due to certain actions by China to cool down iron ore price. I found your analysis reassuring. I also hold SAIL and Hindalco since last one year. Regards
Aniket ji, Your magnanimous above comments attract much admiration. Your tendency has undoubtedly elevated your image. Of course, your attitude is very much appreciable. That’s why I admire you. God bless you with all the patience n the best to you. Sir, this is from my bottom of my heart. Please continue to help the forum with your valuable views. Once again I thank you very very much and appreciate your great words.