Cosmic CRF Limited IPO Message Board (Page 9)

My decision is avoid for listing gain and apply for long term
Positives : sabko pata he

Negatives : main business coming from a acquired company a year back which they are selling in much higher valuation compared to acquisition cost .

One more reason , cash conversion cycle not comfortable

Company k log yaa try kar rahe hai ki company aachi hai

But avoid such ipo.

Tell you listing bhi discount mai hogi .

Full avoid stock merchant banker track record bhi negative hai.

Birla downgrading other Birlas. Now-a-days, new members also post negative comments which is weird. Paise deke positive post karne vaale bahot dekhe. Ab ye kyaa naya he market me.

@OneSevenSevenOne this is just a stratergy so that less people apply and then people like @Manoj birla can get allotment in the ipo

To chittorghar addmin ji
Pl details provide in all companey pramoters name and pramoters all profile details etc

Thanks
Best regards......

Company is in business of CR stainless sections to railway wagon manufacturers.
For FY 23, sales are Rs 121 cr for which manufacturing expense is only Rs 1.57 cr and out of this Rs 1.57 cr, Rs 79 lacs is job work charges. So in house manufacturing expense is Rs 77 lacs for a turnover of Rs 121 cr.
Of the issue, QIB portion is only 2% and retail portion is > 70%. Wonder why QIB portion kept at all.
Based on projected receivables of Rs 13.30 cr for FY 24 and DSO of 23 days, the expected turnover works out to be Rs 211 cr which is a 74% growth over FY 23.
Out of the issue proceeds, company proposes to repay loans bearing interest @ 9% while a term loan @ 18% will continue.
While the company has impressive order book, the low level of value addition suggests that at best it may be a labour intensive high volume low margin ancillary for railway sector.
Assuming all projections come true, FY 24 may end up with revenue of Rs 211 cr, PAT of Rs 10 cr and EPS of Rs 14 (on post IPO equity of Rs 6.92 cr). Risk is assumptions may evaporate.

All experts & senior members of this group

I have A strong believe that if I buy the Titagarg wagons instead of applying this Cosmic CRF it would be much more beneficial. Titagarg Wagon is an established player & recently it's name have been changed to Titagarh Rail System. Let's see where it's going!!!

100% avoid candidate,, highly risky

Bhai, SME Mai kuch bhi ho sakta hai. 71% retail ke liye reserved wala 2X par bhi list ho sakta hai.

Sold half application at 6500/- s2
Will play open half, downside protected hai because naya LM hai 1st issue discount open ni krwaega... Jyada se jyada brokerage jaega up side unlimited... 400cr order book on 230 cr market cap... Cheap

my bet is only on railway theme

those who wanna go safe can sell and apply
fix 1500
Subject to 6000
premium 20/-

Maximum reservation is for retail and company belongs to Kolkata. Both are red flags.

Retail 71%

Pure Avoid stock!! Kolkata based company.
Best example
Shyam metallic
Adhunik metaliks also

Avoid avoid avoid

Man services and horizon not good track record of listing also

After listing company came in discount than premium.

Kolkata Based Company,
It is Observed that East Based Company Doesn't perform well in Long Term Because of Political issues.

Gmp is 30.....

good going ipo must apply...

hisar st 6000
must go on....

ORDER BOOKS STANDS AT 400CR

RAILWAY SUPPILERS TO ALL GOOD LISTED REPUTAED COMPANY

Soon

One more sme ipo in queue.

Cell Point IPO Dates      22 – 27 Jun 2023
Cell Point IPO Price      INR 100 per share
Fresh issue      50,34,000 shares (INR 50.34 crore)

Dear abc xyz,
Can enter titagarh at present level, please suggest on Good sme which can consider for investment, if you please suggest help me.
Thanks

@DHARMENDRA SHARMA 
Glad to see you here. Just 2days back Data Patterns have touched it's ATH : 1839. Have you bought it?
Now Titagarh Wagons is Titagarh Rail system and their involvement is much more deep & large with Indian Railways.
This stock have great journey from 100 to +400 in just 45-55 days only. In correction if you get this stock @360-370 level it would be the best level. Railway stocks are also gaining strong momentum just like Defense sector.

OMG Key Clients

only 6 company in India makes crf..

almost monoly

company to double its capacity and top line next year great order books with railways.

make In India Theme
they have awarded to supply last year
funds will for Capex

must apply ipo
gmp 5000 st hisar

New company, new LM and new MM. Everything is new, a new trend. Why to risk capital? There must be some compelling reason.

As per IPO history no discount listing of 1st issue from any LM , Hopefully record won't break

🚩 Debt to equity doesn't seem favourable!

If the price of this ipo is fixed @314
then it's better to look the Titagarh Wagons, which is doing extremely well and experienced company doing business with Railway which is trading @385 and having good future plans.