IPO in a sector which has seen big disruption with JIO forward going it won't be easy as past however they have priced at reasonable price and valuation but if you think out of the box it skill set is big holes presently they are laying fibre and some gas line so in future it could tap other markets with skill set. In its RHP it sys it does not have any peers which in my opinion it is not 100% correct all small infrastructure sector orient company it is peers. So future is bright if they can replicate this such in other sector
Revenue Growth of 57.19% in last 3 years. PAT Growth of 119.12% in last 3 years excellent margins of above 23% in last 3 years. last three year RoE was at 50% post issue the ROE will stand at 21% with inflow however the promoters have not much track record that is reason could be negative for the issue
Just as an IPO one can apply will list at some premium. issue like this is like Shree Puskhar small and if done correct have big potential
Helios's take on this IPO ************************* Small equity, good growth and fundamentals... Promoters not selling (no ofs), proceeds go to the company for expansion, good sign!
Leased ofc, pipeline network demand to expand as telcos and service providers look to keep capex within limits in a competitive scenario.
Something to ponder over, small issue, T segment listing, restricted trading for 10 days, operator play will be there definitely... Given market conditions, take your call accordingly, personally applying and holding for short term if allotted.
Every thing is good except for t group listing I already burning fingers in Apollo micro Opretors will play dirty game for sure Let's see if any GMP or kostak or s2 I will sell first then subscribe
Dear all, can anyone tell me what is the premium,we can expect for IRCON.
28. dpcdsl| Link| Bookmark|
September 25, 2018 5:02:06 PM
Top Contributor (400+ Posts, 200+ Likes)
This is good IPO being small issue, better fundamentals and promoters are not selling showing their confidence in venture and its profitability, entire money shall go to company for further earning.
2018 Eps is 20.95 Hence Pe is below 10 RONE is 57% (It is Fantastic and unbelievable. Usually 20% or below) NAV is 36. It is six times of the book value. It is T group. After seeing HNI subscription we can enter this counter.
Rajakumar Sir, Now HNI & QIB are also moving only at the last minute owing to market volatility. I am also of the opinion that this is a good IPO but both subscription and listing will be impacted by market volatility on those days.
I am applying in this IPO. Valuations are good Growth Record is good.
Garden Big Avoid IRCON Avoid But Long term is good Aavas I am Avoiding Dinesh Planing for some Provided Secondary market is stable.
LM Track record is poor. I am worried on that front.
25. KING VINOD| Link| Bookmark|
September 24, 2018 8:47:20 PM
IPO Guru (2500+ Posts, 5400+ Likes)
Dinesh Engineers Ltd IPO Small issue and it will over subscribe. Very few Lucky ones will get allotment. we can expect minimum 25% - 30% Listing Gains. I am applying IPO what ever will be the market conditions.
Someone posted in this board that this IPO will list in trade to trade category.
Is it so?
If it is so then, will this be another Apollo Microsystems to trade with lower circuits?
20.1. AhireR| Link| Bookmark|
September 22, 2018 9:34:20 AM
IPO Mentor (800+ Posts, 1000+ Likes)
Or astron paper with upper circuits..
19. SJ| Link| Bookmark|
September 21, 2018 1:55:06 AM
(1300+ Posts, 3200+ Likes)
Consider this IPO as a much better option for listing gain w.r.t garden and aavas.In short term 250-270 level can be seen easily. IRCON's unblocked fund can be utilised here.