Fidel Softech Limited IPO Message Board (Page 14)

Asba done online, where can i check the application is files or not ??

Applied 80 & 94 Lots in HNI & 3 retail application.

This can give 25-30k on listing day.....

more than that.
Glovesecure has given 37k profit today.
this will atleast 60k.

Much more than that, Subject to already heard 25k

Retail subscription headed for 60X.
My earlier predictions was 40.
HNI will be more than 150X

APPLIED 145 LOTS . PL AVOID SAME LOT APPLICATION

@trueinfo , ipobhakt is sensing big in subscription data... Let us wait till eod to see the final subscription... Hope it subscribes more than 150+ in HNI as no IPO till it's listing...
P.S : applied 7 retail lots... So selfishly want hni number to be as high as possible...

Why do you want others not to apply same number of lot..

SUBJECT TO 15000 IN AHMEDABAD

It seems Rachna LM is trying hard to divert SME Investors from here towards its somehow sail through public issue by posting negative comments from dummy IDs.

SBI stopped accepting third party ASBA. It is matching PAN of account and PAN for applying IPO.

Interestingly, its Yono Lite App is allowing third party.

SBI is rejecting bids vai UPI .
Don't wait for 5 pm.
Apply via Asba net banking

Hi, Can any one tell me how to apply by UPI id, if the limit of UPI is not more than 1 Lakh for a day? Is anyone face such issue?

UPI mandate is working differently than normal upi transaction.
The UPI transaction limit is not applicable to UPI mandate.

Have you used same UPI Id for multiple mandate ?

I'm trying to apply my relative NRI demat account with my UPI Id but unable to do that. Anyone know how to apply for other demat account which is not urs demat account?

guys i am applying for 1 lot in retail category i am using zerodha and phonepe upi/sbi bank
in forum people are talking about they are facing problem for amount being over 1lakh i have never bid multiple lot in one application that totals to 1lakh so i am worried if my upi mandate got cancelled anyone help me i cant check the mandate too as thats my father account{i have his consent} as he is in work right now i cant accept mandate and cross check if it will work or not he is a doctor so i also cant call him, anybody know how to solve this problem cant be asba cause then i have to ask for otp

Negative comments are most welcome and necessary for any IPO to control the subscription figure.
Please comments Negative facts and figures or opinion as far as possible for the benefit of investors. Thanks.

I try to throw a cursory glance at most RHPs and in case of red flags Ipo is a avoid. Never been allotted any Sme Ipo though.
Coming to Fidel, Ipo seems okayish and reasonably priced. Financials look fine at first glance. Matters of concern, negative operating cash flows, and related party transactions
Receivables from group co Fidel Tech 9.4cr is a considerable sum. Perhaps more concerning is loan to other group co linguasol 5.29cr (see auditor´s note in rhp) (linguasol overall dues 6.78cr), now linguasol is loss making and their auditor´s (fy21) have even cast significant doubt about their ability to contrinue as a going concern. Fidel sold part stake, now linguasoft is no longer a subsidiary.
Inputs from others are welcome
P.s: Not applying

@ultrasnow thanks for comment.
Does linguasol is big red flag for this ipo or we can ignore it?
Fundamentals and growth return are looking sustaining?

I am positive about this company. The local language user interface and the translation business is very unique.

I am applying in this IPO.

WHAT YOU SEE IS NOT WHAT YOU GET

Wow! Profit going from Rs 3.15 cr to Rs 3.45 cr to Rs 4.56 cr over last three years. Very high RoNW of 45.8% to 33.4% to 30.7% over same period.

But please read the RHP (red herring prospectus) carefully.

Page 21 of the RHP ‘ From 30th December 2020, LinguaSol Pvt Ltd has ceased to be a subsidiary of the company’

Till 30th December 2020, LinguaSol was a 51% subsidiary of Fidel. The rest of the holding was with the promoters

-      LinguaSol has been making losses for the last many years. Check https://fidelsoftech.com/group-of-companies/. Loss in FY2021 was Rs 4.6 cr.

-      Fidel has been funding the losses by loans & advances. Now about Rs 6 cr of loans are outstanding from Fidel to LinguaSol (Page F-14 of RHP)

-      It will be difficult for LinguaSol to repay these loans even though Fidel feels that LinguaSol will raise debt to repay (who will provide debt to a loss-making entity?). Page F-14 of RHP

-      LinguaSol is in the same line of business as Fidel (Page 133 of RHP)

So are the losses of Fidel being parked in LinguaSol? By the way, the value of LinguaSol is Rs 1 lakh (Fidel sold its 36% stake in LinguaSol for Rs 36,000). Page F-14 of RHP

After previous bust of SME (2018), very few were applying in SME in 2019 and 2020. I was applying and got allotment when subscription was 2-3x most of times. From 2021, this counter has been pumped and is not worth taking risk now. Even though Fidel may give positive return in short term. I am out of SME counter for time being. Let it cool down, then I will be back. People with less risk appetite, should also avoid. Rest as you wish, there is opportunity everytime, just risk may vary.

My objective is not to scare investors. But at least we should know the facts about the company we are planning to invest in.

I will be happy if someone can dispute what I have written about LinguaSol. It is already good to get the other side of the picture.

Unable to accept Mandate on SBI and BOB banks. Error of Security issues.
What should be done here?


Working on ICICI

PKC seems Misleading
I suggest admin to check and ban
Other members kindly comment.

Problem yeh hai ki tera geet tu 560 baar gaa chuka hai aur ab bhi har msg me gaa raha hai jiski koi zarurat nahi hai.

Can someone tells that if i apply 2 lots in hni then i got share in lucky draw

No it is a fixed price issue, so allotment in hni will be on proportinate basic. To get one lot your have to apply minimum 40 lots, because hni subscription will be atleast 40 times.

@ajaysinhjadeja thank a lot

applying 10 lots in 1 account is good or apply 3 retail application with 1 lot is good option? which has more chances?

HNI subscription will be more than 10X. So there will be only one chance in lottery.
Multiple applications have higher chance .

Avoiding
Reason : Almost all are listing flat and then downward movement.
Even Good SME'S are not performing currently.
Buyer's are dried up, seller's have to sell at available price, due to very less buyer, results in lowering of price of good stocks also.

All the buyers are dried up???? 30% listing in Globesecure with 13lakh buy orders at the upper circuit.

The current pending order in globesecure is more than IPO size.
What a demand.

This is a specialised service for companies looking for translation of documents to English or from English to their native language all the translation needs to keep in mind the nature of the documents being Translated. Not possible with off the shelf software. Need linguists. So it is a good model of business but very fragmented as there is no entry barrier.