On the flip side it may be a boon for small retailer, who otherwise wouldn't have any chance against big investors except luck. So, now he/she can target selected one with good probability of getting one. But said that, luck always remain an issue.
One more IPO in line with four other IPOs in line. The dates are yet to come. Let's hope this doesn't come during this month. A very old company is entering in the market with 100% shares with the company. A positive point. Going through financial above such an old company with less than 1 cr. PAT for fy 21 is undigestable. Next year it's more than 55crs. Such a high jump in a year. Next year it's 128 cr. Borrowings are not on very higher-end, going little less every year. No doubt a big brand in it's sector. Diversifying in house hold also. FV of 5 apiece at expected price of 300+, seems on higher side. Price looking into pre IPO placement price. Already 4 IPOs of about Rs.6792 crores during 21st to 24th of this month is awaited. TATAs are expected to block big chunk of funds for its long awaited IPO. May one or two SMEs may also join this race. Investors to keep them busy in last 10 days of this month. Let's hope all goes well and market may not face any bad international event.
@PKRAJ ji, FY21 was the worst affected among the covid years. 1 Cr PAT may be largely due to that factor. It's not easy to scale down costs in such a customer-facing low value (almost commodity) business accordingly. FY21 may be ignored as an aberration, rather than norm. Ideally, FY20 numbers would have given a better idea.
Yes, at least 1 SME IPO already visible next week in similar dates.
@ValueSeeker You are right but when you compare revenue of both the years, the revenue is about double and PAT 55x. That is doubtful. But any thing can happen in figures at the time of IPO. Only comparison between both the figures of both the years need to be considered. FY 23 was just double. Not very high. Have a nice time.
M.cap : 3204 cr PE - 27.13 LM : 1.Nuvama Wealth 2.Axis Capital
Registrar : Linkintime
Past Investments of Volrado Ventures Partners :
1.Kaynes Technologies 2.MapmyIndia ( CE Info ) 3.Canara Bank 4.GreenPly Industries
I am Sure It's Q1 Results would be outstanding Maybe PAT of Around 40 cr
Get Ready with Money , A Strong Company Heading Capital Markets with 40% Listing Gains . And I hope , By Sharing The Past investment of Pre-IPO placement Investor , My indirect Message is Sound and Clear . Baki aap sabh samajhdar ho I know I have already posted this a week ago , But it's necessary to here again
There was a time when linkintime was called never in time... Now, it almost feels like there is no other registrar other than linkintime ... phenomenal improvement! When are they filing for ipo? 🤔