EPACK Durable Limited IPO Message Board (Page 13)

Can i use ICICI money multiplier funds for apply ipo ?

​@Vimal Garodia Ji.. Thank you very much for this valuable information.. So nice of you!!
All the best Sir !!

To keep pace with speed and reliability with competition ICICIDIRECT has introduced GTT like Kite wef Monday .
Only problem is they are so slow to make changes and adopt to eco system .
Remember how Activa model took over market share by cannabalization Kinetic scooter by simply addressed ground clearance issue faced with later.
Hope they act faster.

Let's discuss a different topic since market is closed and there is chill all around . There is provision of Tax Harvesting , how many of you tried that to save income tax or if I put it rightly " carry forward losses " .
Would request all to give input wheather you exercised this option or not.
I did it during FY22-23 and it worked fantastic.

Waiting for response !!!
Are we eating up the job of CA ??😀😀

​@Rakcyt: A good topic indeed. There are two aspects to it, you have to understand concepts of STCG & LTCG stand alone and how they can be clubbed together for maximum benefits, I have seen people cannot understand it fully unfortunately and make mistakes in tax harvesting. Also, as no one can predict the RIGHT/OPTIMUM time to book losses and reenter the stock, many people make mistakes by just selling their loss making stocks at wrong time and fail to enter again at their desired prices; which creates a negative impression for this whole scheme in their minds.

I personally use tax harvesting since long for STCG and now for LTCG; but their are instances where I take a wrong call too at times, but at least I am prepared about it. Its a calculated call and I am ready for the consequences if the calculations go wrong.

​@CA Dhiraj Ramchandani  Appreciated, aptly described in most technical n precise way.👍

I usually don't participate in OFS, But when understand the whole mechanism Started applying OFS. A S the new comers don't have any seperate platform and one can not find the details of ofs very easily this tool is not so popular as it should be.
I like the few things of OFS
1. IT'S a fraction of hours play. Supposing you bid at 15 hrs and in the night you gets the confirmation email / sms. So minimum waiting period.
2. There is no question of listing the shares as they are already being traded in the exchange.
3. The smart play starts during the ofs and after the ofs which is to understood very difficult.

4. Mos important thing is that we know the current price of the ofs company so we can take some clues from it.
( disclaimer : I have applied in the ofs of the following companies.
Power grid ( long long ago)
Sjvn
HDFC AMC
HUDCO
PATANJALI
IRCON & NHPC.
ALl these ofs gave me excellent results. So new comers may try the ofs rather than giving a miss.

To have higher chances of allotment in ofs , u need to apply at a higher price than the floor price.

In NHPC, you would have got allotment had u bid Rs 71 and above even though floor price was 66 only.

@ KYO sir i have applied NHPC 69.90 * 500 Quantity.
Is there any higher chance of applied higher amount.?

How does an IPO Bound company inflate its profits by a 2x significant rise in valuations for its IPO?

Incentives like PLI are now commonly used to inflate revenue or PAT.

As per Ind AS, govt grants like PLI Government Grants are recognised when there is a reasonable assurance that the same will be received and all attached conditions will be complied with.

So companies mostly recognize based on management expectations that they will be eligible for incentives even though conditions are not actually met.

Case 1 - Epack Durables (which has launched 640 cr IPO) did similar thing; recognized 150 Mn PLI incentive which is 50% of the PAT in the P&L statement.
Now this PLI incentive is not cleared by Govt yet. They recognized based on Management's expectations that they would get approval from the govt for the disbursal of PLI incentive.

This gives a picture that PAT of the company has doubled from 179 Mn since last year to 319 Mn in FY23 but actually, that's not the case. It's only because of smart financial reengineering.

Now based on this inflated PAT they will premium valuations for the IPO which is tapping public markets at a whopping PE ratio of 415 (Post IPO)

Last year, Prataap Snacks did a similar thing but their PLI incentive was rejected leading to a reversal of income

Bigger Picture and Learning - Ideally they should recognize it when its crystal clear that's a conservative accounting.

Since a lot of schemes and incentives have been announced in recent years - this forensic check is important to help you analyse the company better while considering it for investment.

Off topic

Any news about dividend in the latest quarterly results by IREDA.

Thank you sir @AryanRaj For your reply.

Thank you

IREDA in RHP while launching IPO has stated that : All central public sector enterprise including our company, are required to pay a minimum annual dividend of 30% of profit after tax or 5% of the net worth, whichever is higher, unless an exemption is provided in accordance with the CPSE Capital Restructuring Guidelines.

There is no announcement regarding the dividend after q3 results this time but going forward, one can expect such an announcement in future.

💡Wondering How Ayodhya is getting an economic boost due to RamMandir? 🤔

Let’s unfold 🧵

🔹 Ram Mandir is expected to enable Rs. 1 lakh crore worth of business across India.

🔹In a tight slap to haters, Ayodhya has created over 20,000 jobs in last six months in hospitality, tourism and travel sector.

🔹Around 3lkh to 4lkh visitors expected to visit Ayodhya everyday. Thousands of more jobs to be created after the Prana Pratishtha of Ram Mandir.

🔹 The Mandir will have educational programs & museums to promote Indian culture. This will further promote livelihood to thousands of people and at the same time keep our Indian Culture alive.

🔹It has given a boost to the aviation Industry.
The Maharishi Valmiki International Airport has been built - which is capable of hosting 10 lakh passengers annually.

🔹₹350 crore worth investments are planned for construction of hotels boosting the hospitality industry.

🔹₹30,500 Cr allocated by govt for 187 projects in Ayodhya.
This will boost livelihood & provide jobs in Ayodhya.

🔹Air India & Indigo launched direct flights to Ayodhya boosting connectivity.

🔹 Ayodhya’s railway station has been redeveloped further boosting connectivity.

🔹Holy Ayodhya App has been launched for daily updates on parking , accommodations & puja times leading to digital inclusiveness.

▶️My view-

🔹Ram Mandir inauguration is poised to bring economic prosperity, job creation, and cultural promotion.

🔹The Entire temple has been constructed at an estimated cost of ₹18000 crores.
With this minimal cost, it’s going to be a catalyst for economic transformation in #uttarpradesh unlocking immense potential for growth and development.

🔹The infrastructure being created is just a booster shot, the real growth is yet to be witnessed and beyond any statistical assumptions.

🔹From holistic perspective , i see it as new era of infrastructure growth and economic prosperity for Ayodhya.

From original post : "..the real growth is yet to be witnessed and beyond any statistical assumptions." - Agree 100% !!

To add to it, I believe any company heavily invested in this 'Mandir Economy' - construction, hotels, transport, supply chain etc. - is destined to benefit beyond any statistical assumptions in the coming years.

DISCLAIMER:
I'm in no way 'qualified' to make such predictions or even assumptions. It's just a guess from a local citizen who happens to live just 48 Km from Ayodhya. Not permanently, but have spent 14 years of my childhood there and it's like a second hometown to me. This 'guess' is based on the changes I've seen in Ayodhya in last 3-4 years, and it is so obvious that what we are seeing there today is just the 'beginning' of a miraculously huge economic foundation Ayodhya is going to have.

I think Modi ji ko ramlala ka her state me esa hi mandir bana dena chahiye,phir dekho economy ko kitna phayada hoga, Jai shree Ram

can anyone tell me which broker provide odin software for trading ?

So finally got asba for my son using pnb net banking. Special thanks to
@ratna ratna 

Already had student account with pan feeded. When ratna ji posted I went to pnb and they advised to convert account to general since it was self opetated self signotary account. But pnb being pnb they forgot my app and sat on it for month till today. Today I had planned to go to rbl, kotak, indusind and equitas but just to check with pnb and since branch is near home I thouht to check my luck. As soon as they saw me they recalled my application and quickly allowed transaction rights on net banking. To check if its working or not i applied in euphoria and it worked. Used sme knowingly to check as earlier i was using indian bank upi to apply but there was limit of fund transfer of 50k per month. Hence was looking for options.

​
@Tindu Mindu now even debit card and upi is working, i am unsure you will able to get it working as my son has owm signature self owned account and as your kid is 6 you wont be allowed to convert account. Pnb said 10+ gets this facility.

Also thanks to everyone for helping or even overlooking this heavily offtopic issue. Thanks again.

Thankyou so much @AryanRaj For conveying the status, congratulations to you

🚨BREAKING IPO King News🚨

Jana Small Finance Bank Limited Pre-IPO done via fresh issue of Equity shares & Compulsorily Convertible Preference Shares (“CCPS”)

Check details below 👇

​@newgen consultancy You are modern BIRBAL.......GREAT SIRJI,FOR EVERY QUERRY YOU HAVE ANSWER...GREAT CARRY ON..GOD BLESS YOU DEAR 🙏🙏🙏

@ Mann Ki Baat

This Anil Singhvi is the chairman of " ican investment advisors " and many times seen with zee biz's Anil Singhvi. He is known for his prudent investments in undervalued stocks. He is a long term player like Ashish Kochaliya and Dolly Khanna.

Anyway nice to see you on board after long time.

*BIG NEWS FOR BHARTI AIRTEL*

BHARTI AIRTEL HAS APPROVED IPO OF BHARTI HEXACOM

​@Lician: I believe, SH quota is not mentioned and so it will not be there

No SH Quota in DRHP But it may be considered in RHP Filing like Aeroflex
100% OFS so small chances exist

Aaj subscription ka update ni hua...

IMO issue will close on 23rd as 2nd day subscription updated of 20th Jan at nse sight and also updated at chittorgarh sight so it is presumed that 23rd will be third day and last day . If it happens then amount can be utilized in the IPO closest 25th Jan

Yes now will close on 24th .
Doubt arises from chittorgarh updation of subscription as under

EPACK Durable IPO (Day-wise) Subscription Details (times)
Date       QIB       NII      Retail      Total
Day 1
January 19, 2024      0.01      0.85      1.24      0.80
Day 2
January 20, 2024      0.01      0.86      1.27      0.82

Now epack 24th close.

​@PLAZA 
accept my sincere Hearty congratulations for the successful bider and got the shares from ofs. You are the lucky one as you could sold these shares allotted from ofs. I also got allotment in ofs but still these shates were not ctedited in my cdsl account. My broker clearly told me that today you can't sell any shates that were traded/ bought yesterday. Although I am not interested in trading, but usually keeps the stock at least for a year.

​@abc xyz Thanks for prompt reply . It is surprising to know that cdsl broker also not allowed to sell .but it creates doubt about the shares sold by me today will be delivered Tuesday or not IMO perhaps zerodha treated Today as working day and might consider it as T+1
So this will be considered as good trade or will attract chances of auction ....

​@abc xyz As you mentioned shares traded / bought are not allowed buy we hv bidded in ofs and its settlement is different then others and usually delivered on the same day

Closing date of IPO will be extended by one day ie will close on 24.01.24 instead of 23.01.24 as 22.01.24 was a holiday.

IMO issue will close on 23rd as 2nd day subscription updated of 20th Janat nse sight and also updated at chittorgarh sight so it is presumed that 23rd will be third day and last day . If it happens then amount can be utilized in the IPO closest 25th Jan

Agree with @Basuvr; I mean, saturday was compensated as full working day for Share market in place of Monday., so why extend the dates at all? It was not needed.

. MY OWN REPEAT & CUT PASTE POST

My IPO pref this week with reasons (Kindly correct me/ advise me if someone has different view, for larger benefits of the members of the forum):
1. EPACK (only if you are able to sell in GMP, else avoid)
Reasons : Overvalued, but easy to get allotment, sell and apply for assured returns. No open positions

2. NOVA AGRI (small main board IPO, no need to sell in GMP as reasonably priced with good fundamentals & strong financials with consistency in bottomline growth) difficulty to get allotment has made me to keep this on number two.

3. LAWSIKHO SME (applying open with rest of the full force) Good GMP, biggest among the SMEs available, riding the SME IPO boom.

4. KONSTELEC ENGINEERS - (applying open with remaining full force) Good GMP, Good financials and growth prospects, smaller than Lawsikho but bigger than Euphoria Infotech, riding the SME IPO boom.

5. QUALITECH LABS - Niche business segment, consistent growth in top and bottomline, riding the SME boom (negatives are No GMP as of now, slightly overpriced, poor subscription till date), will try to get only one or two open allotments.

6. EUPHORIA INFOTECH : Small size of the IPO makes almost impossible to get an allotment. Financials are average. only silverling is high GMP and SME Boom. As such shortage of funds to make any significant size of application due to shortage of funds.

Thanks for reading such a long post.

Regards

​  @M Gupta Ji I hv not sold my allotment till now, heavy loss, plz advise kya kare. Two nhi lots at ipo price in my holding. Please advise. Is it worth to hold long term.

​@NATAKBAAJ 
This is still overpriced. No x factor in the scrip. You may book loss and exit asap. In a bull market some times, scrips may run a bit after your exit, but you sould not watch rates after exiting the stock. Long term, will bring this share to around 100 levels.

Out of Topic question, can anybody know which discount broker allowed selling of ipo in minor account on same day of listing.

Prostock

*BSE has informed that bidding system is not available for EPACK - Saturday and Monday*
So shocking........

​@KPCT Hmm, that is going to put a lot of pressure on bidding system on Tuesday, hope there are not any major glitches!!

​@IPOManju Thanks a lot 👍

As monday is holiday will we get allotment on Monday?

No. Ipo close on Tuesday . Allottment on Wednesday night..

Can someone please tell . I have made a bid for nhpc and money has been debited from my account.
It means I have got the shares ??
Because I thought it’s like ipo allotment . If I will get allotted then only money will be debited .

Thanks in advance

​@KAMMA SIVA RAMA KRISHNA Thank you!🙏

Sorry a correction, earlier I wrote -
"my application was rejected even though I submitted at 2:11pm.

Now they are showing the application status as "Executed".

My bid for Dhatre Udyog Ltd was @₹200.70, so I think I will get it since the clearing price is shown as ₹200