I have tried HDFC, Canara, SBI and so on. All of them have my account details uploaded in their "Do Not Allot A Single Share" list shared with Karvy and Link Intime.
I''m yet to try Indian Bank. Has anybody ever applied and got allotment in a heavily subscribed IPO using Indian Bank ASBA?
This is my last option, failing which I would be left with no option but to change my name and other demographic details.
So a complete offer for sale, no fresh Issue so no money will go in company’s books. The key purpose seems to be enhance visibility, brand, provide liquidity to existing shareholders and achieve the benefits of listing shares on stock exchanges.
Key Positives: Has emerged as the largest manufacturer globally of certain specialty chemicals (like MEHQ, BHA, Anisole etc.) in terms of installed manufacturing capacities. Strong customer base with key customers like Bayer AG, SRF Ltd, Vinati Organics. ~70% of revenue from Exports with 30% to China (shows that it is competitive against Chinese prices, that is rare). Almost zero Debt. Strong margins
Key risks: Top 10 customers account for 50% revenue
CAGR Revenue Growth: 15%, Average EBIT Margin 50%, EPS ~19
At an issue price of 900, PE is 48 which is at par with most of the key players. Atul has a PE of 49 but its EBITDA margin is 15%, way low than CSTL’s 50%. Fine and Vinati are ~73 PE
My take: Pricing is aggressive so I am not sure of listing gains. For a long term, definitely a BUY even at this price.
BSE SHOWS, ITS FACE VALUE AS RS. 10. WHO IS RIGHT, PLEASE CLARIFY....
81. sdz| Link| Bookmark|
July 5, 2021 7:05:23 PM
IPO Guru (1000+ Posts, 500+ Likes)
9th is going to be a tough day for NIIs to choose/distribute between 2 high GMP IPOs.
May be same day competition is better than Shyam/Dodla which came with 2 day gap and all NIIs pumped into Shyam and missed Dodla bus and lost making 4-5x more profit.
NIIs'' eyeballs on tomorrow''s anchor investors list which is going to help them to allocate funds more prudently.what you think ? Am I right ?
81.2. sdz| Link| Bookmark|
July 5, 2021 8:44:46 PM
IPO Guru (1000+ Posts, 500+ Likes)
@HML... You are right, comparing Anchor investors quality will give better idea in allocating funds. Also, NII oversubscription @2.30pm on last day will help if there is huge difference. Allocating more to less subscribed IPO will get us higher allotment when all other parameters more of less similar
Broker ? Koi bhi karlo.. Samco / zerodha / other so many.
1. Jetla parnela chhe emnu HUF kholi lo. 2. 18 thi nana tabariya na minor account kholi lo. 3. Dukan na manso ane emna family na account kholai lyo ne tame pote dhyan rakho ne handling karo. 4. Saga sabandhi & Friends na account open karo.
Bas have thaki gaya.. Mafat ma aatlu j...🙂 Ram Ram...
79.13. Grow India| Link| Bookmark|
July 5, 2021 1:19:18 PM
Top Contributor (300+ Posts, 100+ Likes)
Chalak lomdi
Mana ki aap chalak hai par is tarah gujrati me likhna theek nahi hai kuch logo ko yaha gujrati nahi aati isliye Hinglish likh le ya Hindi likh le ya English likh le.
Sabhi ko jo samajh aye aisi hi language ka use kare.