I see some people here are giving avoid recommendations - I know exactly why they are doing this. They want to scare retail category investors so that they can get full and firm allotment.
I also want full and firm allotment of 13 lots RETIAL but do not want to misguide anyone. I wish that we can get full and firm allotment in retail!!
Will be applying on last day - if retail doesn't get fully subbed then I will go for full 13 lots retail from 8 accounts; if it gets fully subscribed then I will go 3 BHNI, 2 SHNI and 3 1 lot retail.
Here praying for one bhni allotment.. Out of several application.. & other side you are advising for avoiding.. May be you are right..Let's wait till listing day.
OffTopic: Sorry to ask this in this thread. Does Axis bank allow ASBA application for HNI category. Its showing only Employee and RIIs category for Cello IPO
Out of Topic : Jeena Sikho Lifecare Bonus 4:5 and Quaterly Result It says 2nd Nov as record date, so if I buy it tomorrow will I be applicable for bonus shares? Also, did anyone added them recently to their portfolio ?
89. SONMAYA| Link| Bookmark|
October 30, 2023 4:16:55 PM
IPO Guru (1300+ Posts, 500+ Likes)
One of the most busiest week of main line IPO/SMEs, from closing to opening in total. Main Line : 2 IPOs, big size. SMEs : 9. All size. It is very difficult to decide fund allocation to these IPOs for small and medium investors. Fund rich members may also face problems of funds because they apply in good number of lots. As far as today's closing of Paragon, is going to subscribe very heavily, difficult to get an allotment. Cello may have better chance of allotment due to it's size. Difference of profit is also there. Less chance and very good profit. More chance but less profit. But LUCK always matters. HONASA is a matter of worry. Better that retail size is only 10% of the total issue. Not talking about GMP. GOOD WEEK FOR MEMBERS/RETAILERS, who are badly edict of IPOs and who don't want to keep funds idle in Savings accounts. Market on negative note, a concern for investors and may hamper good listing and subscription figures. Have a fruitful week.
Kapoorji, I hope that this problem is likely to be solved. Not SBI but many Bank don't wish to reply specially IPO related problems. Earlier there were many problems in Axis Bank for applying on last day after 13.00 hrs and I couldn't apply. Even Bank employees could not find any solution. Today is the opening day of IPO. So need not worry. We have to make alternate arrangements to overcome such problems. Hope enjoying new week. Difficult to decide where to apply in such a busy week.
@Raj Arya ji.. Thanks for this information.. feel relax to see the cello ipo in sbi asba option.. will apply tomorrow.. Today Paragon is in focus.. Let's decide to make the allocation of fund.. Have a nice day & best of luck Sir 🍀
Just went through The EBITDA Margins of Cello and Studied Why They are decreasing from last 3 Fiscals and Got to know that the Raw Material costs have been increasing
But know Situation has changed and now can expect A reverse In its Margins
FY 23 - 24.3% FY22-25.7% FY21-27.3 I am expecting healthy Margins at around 25.8 % in FY24
So Let's value the company : Expected Revenue FY24 : 2380 cr ( A growth rate of 31.5 % ) EBITDA At : 615 cr PAT : 395 cr ( Net margins at 16.5% )
PE on FY 24 e : 34.8 times
Considering This calculations , the valuations are not very Expensive Around 22-26% Scope Left on Table Once the company's Share Price Goes Beyond 850-860 , The valuations become Very Expensive So , It will be recommended to hold till this level , If listing is around 780 can hold for some more time , If it's around 820 will book maximum And if lists around 730 , Will add
Hope this Helps
Whatever The GMP is , This Logical and Realistic approach is not going to be changed
Pre Issue promoter shareholding is 91.88 and rest 8.12 held by PE investor. After this OFS promoter share holding will decrease further more. But in Chittorgarh it's showing 91.88 after OFS. I guess that's wrong.What will be the share holding after OFS?
@diwan kapoor. SBI never responds to emails. Their customer service only passes the parcel to another department where very rude, unprofessional set of people rule. I was attempting to apply for one IPO which wouldn't reflect in SBI ASBA. I had no option but to apply through another bank as SBI never bothers to pay heed to the issue. At this rate, SBI ASBA might soon become defunct.
rightly said sir.. almost all psu banks staff have a very unprofessional approach..though i am using sbi asba since more than last 10 years.. & never faces any such issue.. In sbi asba fund always unblock at the last.. & customer care is most careless also.. Now my problem is that fund of all my family members is in sbi a/c..& tranfer of fund to others bank for all a/c is also a problem.. Let see.. hoping to find any solution.. Have a good day Sir 🙏
In SBI ASBA Cello World IPO is being not shown. I am unable to apply this IPO. SBI being a premier Bank should ensure prompt inclusion of IPOs opened for subscription at right moment.
76.1. sree vas| Link| Bookmark|
October 30, 2023 11:11:18 AM
Top Contributor (500+ Posts, 100+ Likes)
Yes, it is not showing in SBI asba, we should check later after an hour
75. sahab| Link| Bookmark|
October 30, 2023 10:33:04 AM
IPO Guru (1100+ Posts, 600+ Likes)