Crop Life Science Limited IPO Message Board (Page 4)

Zero GMP

1000+ applications 1st day bidding taken by company circle at subject to at 6 to 8k, beware... 1st day bidding karwa k they want to affect more fool retailers... Bach k rahna re babaaa... LM is ka History nikal k dekho bhai logo...

LM MM kya hota hai thoda samjai ne

LM lead manager
MM market maker
Rest you can Google to learn 🙂

Company is in highly competitive agrochemicals sector, which is a working capital intensive business.
Based on projections, company aims revenue of Rs 180 cr in 23-24 up from Rs 122 cr for 11MFY23, a jump of nearly 50%
Proceeds of IPO will be used to repay unsecured loans and working capital needs which appear OK. Moot question is why did the company go for unsecured loan in first place ?
Cash flow for last 4 years is below average, CFOB4T is Rs 12 cr for last 4 years while PBT is Rs 19 cr. Main reason for this being increase in other current assets by Rs 16 cr in last 4 years. Company has paid advance to suppliers of Rs 17.53 cr and prepaid expense of Rs 8.05 cr.
Out of total receivable of Rs 31.87 cr, Rs 21 cr is outstanding over 3 months, in projections company aims to cap receivables at 120 days.
Annualized employee expense is around Rs 10.5 cr and salaries of top management will be around Rs 2 cr per year from 23-24
Material cost which was 56 – 57% of revenue in previous years has jumped to 71% for 11MFY23
Profitability in 22-23 has improved due to reduction in cash & quality expense. It was Rs 12.35 cr in 20-21, Rs 7.95 cr in 21-22 and has come down to Rs 1.06 cr in 11MFY23. Whether this will be sustainable going forward, remains to be seen.cr
Sales are increasing yet transportation costs are down 30% YoY
Sales promotion, marketing, commission expenses are down 30% YoY
Insurance expenses are down 50% YoY.
Whether all these expense reduction will be sustainable going forward remains to be seenEm
Company has unsecured loans, from Banks and Others, of Rs 2.63 cr at interest rate of 15% to 19%. As on 6-aug-23, only Rs 83 lacs was outstanding of which company proposes to pay off Rs 70 lacs.
Capacity utilization, segment wise, varies from 15% to 56%, hence any improvement will generate operating leverage.
Of total assets of Rs 20.14 cr, gross book value, Plant & Machinery value is only Rs 6.22 cr. Net book value of plant & machinery is only Rs 4.02 cr

So, huge manipulation in Balance Sheet & P&L Statement. That's why No QIB has come forward on this issue.

​@Dowg  Mr. Top Contributor. There is no QIB quota. There is Only HNI & RII. If there is no QIB quota how can QIB's come forward to apply.
Anchor Portion _ Nup
QIB Portion _ Nup
NII Portion _ Yup
RII Portion _ Yup

GMP ZERO.....

NOT BUYING ONLT THAING 1_2 APPLN IN ST...

NOT GOOD VOLUME TAKIN ONLY 1-2 APPLN BEWARE

FARZI IPO ..

INTERACTIVE LM

MARK MY WORDS WILL BE DISOCOUNT STAY AWAY

IT.WILL LOOOOTT U
IT WILL KOOTTT U...
SAVE UR MONY

Bondda fix 800 crop fix 1100....

Hisar

Both apply sme...
I avoid piramaid soora

st 9000 che.....
Expr hni 30 time retail 20_30 time...

Pray for allotment

​@Rula Singh 

🤣

GMP UPDATE SURENDRA NAGAR RAJKOT BHAV NAGAR

BONDADA 26000 ST
CROP 8000 ST

Public in hurry it seems...

Low volume 3/5

5.5k s2

4/6 low Volume
7k s2

Today yudi and sangannai both 10_12% listing sub was very low...

Zeal 4 time listing 40% above
Service care 6 times 5% gain
Aha solar less sub listing 45%

Now a days non fancy is corned by operators ans they make it move good...
Those st 30000_40000 is to create fancy like atmaj yason spectrum Shri tex

Must apply ipo where silent game is going mo noise no publicity no gmp no promotion

Zeal aha service Sangai yudi gave BTR return than st

BONDADA ST 28000
CROP ST 8000

BOTH LOOKS PROMOISING

AVOID SHOORA

Promoters are worked in gujarat naramanda company ...

Rich experience for them ....now formed there owm company so they have great exposure in pest and fertilizer

Ahmedabad based owner have vadodara factory for pesticides...
Gmp 4

Only worry brlm rest good samely sanhana list was good...
I

@Old.Fox 
"Gold to Reach $3,000—50% Above Its Record, Bank of America Says"
By Elena Mazneva.
21 April 2020 at 16:33 GMT+5:30
Updated on 21 April 2020 at 19:19 GMT+5:30
Bloomberg
Even Predictions given by Major Global Banks Fail.

Gold Never Crossed $2200 per Ounce.

GMP 4/_ MUMBAI

Some are unable find fake currency 💵.
They are finding fake accounts ... with useless senseless logics.
Fake Account Logic :- Full Name .. 😂

PeterEngland _ UK Citizen .. 😂
I am Blue Buddha .. 🤣
Bond .. James Bond .. 007

😂

From DRHP
Company purchased new lands at vadodara to expand its business

Positive or negative input, comments awaited

Crop meeting today at youtune...

Great experience of management