Assuming QIBs that have not received allotment come to buy at pre-open. We can have a demand of 1.1 cr shares by them at issue price . Which is enough to absorb Retail and HNI shares with demand for 28 lakh shares still left. So listing should be positive. Just a theory ... Maybe works tommorow. My best number will 295-300... beyond that it's just nuts to buy.
153. ipobull| Link| Bookmark|
May 30, 2022 9:53:06 PM
IPO Guru (1000+ Posts, 1000+ Likes)
Foreign investors will be interested more than domestic.. it's unique. Don't think of a negative listing... maybe at par but we might see 10% movement within the day.
Zomato price competing with Tomato price. Just pray that Tomato doesn't get cheap again. 47% rise within a month.... Should have bought this for swing.😅
151. Kishore S| Link| Bookmark|
May 31, 2022 12:13:18 AM
Top Contributor (200+ Posts, 100+ Likes)
In current scenario any security domain IT company should do well..not much worried about listing gain but definitely would give decent return in a year. Invested in AAA technologies in sme platform about an year back and got 50% profits. When i sent a mail about their client details hardly I received any response and I exited with 50% profit. When compared to that emudhra is much better... Disc: have been allotted around 1000 stocks
150. Jetha Lal| Link| Bookmark|
May 31, 2022 12:09:49 AM
IPO Guru (1000+ Posts, 2100+ Likes)
Today FIIs net bought Rs 502.8 cr in cash market. They are net buyer after one month. Last time it happened on 28th April 2022.
eMudhra will not list in discount . Business is very stable and have high margin profit. Almost everyone want to Install certification on your domain name for security purposes. There is very low Chance for services issue .
If PAT is increasing then sure it will be maintained in future also . I think it will be perform better than Campus.
@Hostpacker, I am also positive like you. Everything looks good about this IPO, except the timing. I am hopeful that the market will understand the fundamentals of the company and value it.
The company is very good and a known name in digital signature. Their business is having potential to grow. Security is a big risk for ecommerce & internet companies. Every website needs a SSL certificate and eMudhra provides it. So the opportunities to grow in the foreign/western market is huge.
In the current market, IT companies are taking the big brunt and hence, difficult to predict the listing gain. I am expecting ±5% listing.
I applied for 28 lots(1624 shares) and got full allotment. Let's see what happens on 1st June.
One of the best company in this ipo seasons. Excellent business catering its services to highly qualified professionals. Just hold this portfolio stock...why to sell with just 10 - 15 listing gain, when stock can be 4 digit multiple bagger in long term.
1) good business model with regular income in way of fees. 2) market leader in its space and no listed peer 3) excellent promoter and good financial though expensive, but as its working in niche area, that valuation it will be able to sustain with its growth. With increase in compliance work in roc, income tax and gst its scope is going to increase only.
@ jetha lala ji apke liye yeh jyada huya hoga, mere liye this is my portfolio stock
145.4. arunARUN| Link| Bookmark|
May 29, 2022 10:30:02 AM
IPO Guru (2000+ Posts, 1700+ Likes)
As per RHP eMudhra reported a revenue of INR. 1314.97 Mn. in FY 2021. This is a growth of 13.1% from the previous year. Most of the revenue spike came from outside India (INR. 248.71 Mn. in FY 2021) with YoY growth at a whooping 72.2%. Digital Signature Certificate (CA) is the biggest revenue pocket for the company with the segment contributing over 50% of the total revenue share. In India, DSC business grew at 19.6% in FY 2021. PKI has seen a strong traction of 68.9% in the last financial year. In the global market, the PKI segment grew even stronger at 88.3% in FY 2021 (INR. 146.97 Mn.)
Above shows clearly that company's growth is negligible in Indian market. All growth number are shown from international markets. Now with low base you can show high international market growth but still it does not make a portfolio stock
Ritesh agree with u. Like latent view, this can also be kept as portfolio stock, but only after observing it's few quarterly result. Now days are gone, when we buy and forgot it.....every quarter some homework and analysis needed to review ur holding performance.
Amit ji now problem is that every investors want fast money and lusting gain. This days are over. If u invest in quality, then long term investment will yield u rich gains. Yes homework and regular analysis is important now a days.
144. ipobull| Link| Bookmark|
May 29, 2022 1:36:57 PM
IPO Guru (1000+ Posts, 1000+ Likes)
Meanwhile, Ruchi Soya came up with splendid numbers. Iam expecting it to hit UC, may be after some knee-jerk profit booking. With Patanjali Ayurved almost in its pocket through slump purchase, its revenues and profits are bound to rise further. It must be in everybody's prortfolio. Should roar on Monday. If it falls, I will pick up further. If you cleverly play the trade, you will gain 5-10% on daily basis.
Very strange, you got 1 out of five. The issue was subscribed almost one time. I have got 5 out of 5. There must be some technical error in submitting the applications.
Even though retail subscribed more than 2.61 times... Looks like weaker hands didn't accept mandate so 100% allotment i guess.. Even in HNI too same story... Interesting to see BoA... Got 7 out of 7 in retail and 2 out of 2 in sHNI... Hope the market maintains the positive momentum till listing... This ipo has advantage of first mover... No comparison in PE terms atleast in Indian market... So will be diff to predict price action... Hope for flat to +ve listing
Seems like I was very unlucky in the retail lottery, email response from LinkInTime:
This has reference to your email query, in the recently concluded IPO. Please note that, there is no allotment against your application due to oversubscription. Regards, Primary Market- IRC | Link Intime India Pvt. Ltd
@CheckerCheck If you apply 2 times (different application) with same PAN number, your application will get rejected. You are only allowed to apply in one application. You can apply for more lots in single application. Uptill 2 Lacs worth of application will be considered in retail category and above 2 lacs will be come into NII category
Waiting for yiur research. I have been alloted 1 lot.
135.2. GJ 😀| Link| Bookmark|
May 30, 2022 10:28:28 AM
IPO Mentor (1600+ Posts, 400+ Likes)
My wife works in a Digital Marketing (SEO, SEM, etc...) company. So she is familiar with so many things from different domains as she comes across while working on day-to-day activities. While I was informing her about IPO allotment (3 applied, 3 allotted), She: kon si company (which company) Me: eMudhra She: Yes, it is a good company, kind of largest in Digital Signature verifier, CA, etc... My company works on Digital Signature on PDF (something like this) and this eMudhra is like the biggest competitor to our company. Me: are yaar pehle bolna tha na (you should have said this earlier) as I only applied from 3 accounts, instead of 6, that too only 1-1 lot each She: to pehle puchna tha na (I should have asked it earlier) Me: 😐🙄😏😣😶 (so many times I asked her to take interest in these IPO and market things)
Summary, The company is really good. Due to market sentiments nowadays, it might not give so much listing gain but is good for the long term. I will definitely keep adding slowly if listing at par or discount. It may be an over-optimistic statement but this has the potential to become one of the portfolio stocks for me like HDFCAMC, BSE, Prevest and CDSL.