CMM infraprojects and Beta drugs both looks good. But there was a big rush for beta drugs at last moments. I don''t know why but now overall subscription is significantly less than Beta drugs. I have applied for both CMM and beta... but now I am little skeptical about CMM.. Even Tripuati Forge subscribed 6.59, more than what was expected... All three ipos would probably list on same day or on subsequent days.. Is there a possibility that all three will give good returns? I am new to SME IPOs so little nervous of CMM now...
Actually CMM had double quantity of share to offer than Beta drugs . In terms of beta drugs , the subscription of CMM is almost 4 times . Recently mp tv today IPO over subscribed normally but it had given great returns . It depends upon stocks , retail investers selected beta drugs whereas qib selected CMM.
Good subscription up to 3rd Oct ,7 pm 13,83,000 application received in this Fii and Qib also done more then 4lk applications if u want to see u can see on www.nseindia.com , no doubt it will give good listing gains just go for it.....Best of luck
What is the order book. Cannot find it in rhp. As per one credit rating agency its order book was 4.7cr in 2016. Company claims order book growing at 47%cagr means order book will be around 7cr in2017. Also there is one time spacial gain of 2.5 cr in PAT.
need to go through the DHRP in details but initial observations are : debt looks on higher side - debt to equity ratio coming more than 1 i.e. - 1.33. Operating Net Cash flow is less in comparison to debt . Several group companies so would be difficult to track in house transactions. All promoters are from same family .