Over and above, at present seems tobe on better side. Clients on very good side. Love at first sight. The major concern is equity holding after the issue. Below 50%. Not a good sign for any promoter. Even before this issue, lot of equity sold. These factors on negative side. Wait for price, if any resistance to investors. I don't expect any kindness. But investors have now started ignoring Financials. Only GMP and on last day subscription figures matters.
Perfect analysis bhai, ek cheej add karuga promoter holding share on his individual name and own company name as well... It will be over 72% post issue if we club that... Refer RHP share holding pattern...
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June 6, 2023 9:18:56 PM
IPO Guru (2400+ Posts, 1300+ Likes)
Both @pkraj and ABC xyz analysis the issue by giving remarks love at first sight .Then I will subscribe with ful additional force
@PLAZAFirst sight love is not an invitation to subscribe. Just started the discussion at first sight. Lot of things to come out. At present only clients and equity holding. When some prominent clients are there, that is Love at first. But not a guarantee of any success. Only attraction. Thanks.
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June 6, 2023 10:21:59 PM
IPO Guru (2400+ Posts, 1300+ Likes)
@pkraj yes sir but we have to plan accordingly and at the final time will take all factors into account before placing bids like subscription/gmp/comments of the experts gurus like you and other sir and lastly with own risk taking capacity and availability of fund etc.
@Logij Kumar When you call someone New, there will be no history. You need to find his JANAM KUNDLI. Whether he is going to create a history ir a disaster. When Luck favors, new or old, make no difference.
One more mention about the company It has no pending litigation No criminal litigation on promoters No tax compliance complaint Even No pending payment of indirect taxes This shows the quality Market will definitely consider this Good corporate governance
Company caters into Wagons and Monopolies Business of Railway Wagon. Most important used in wagons
They have great orders from Railway and Robost Market.
Order books stands good Promoter Marwadi family Birla Group
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June 6, 2023 6:45:18 PM
IPO Guru (1400+ Posts, 1400+ Likes)
Looking after it's profit & loss statement, yes it's looking good & tempted : Love at first site. But recently most of the Metal sector stocks have not been market friendly except few. ( Chaman, Earthsthal....) The debt is also increasing side but the client list is also solid. More things will be cleared after it's price.
But it's a high time that market is working , not as per our analysis but big operators are working behind it & we are nothing for them. They decide the direction of stock market movement. It may be remembered that only 1 stock is enough for Life Changer / Life spoiler. Rest 😪💤 is our luck.