One of the most confusing reviews I have ever read from DD sir. Throughout his post the review has a negative tone and people who read the entirereview will stay away based on that analysis.
But the end of the review has a surprising "May apply" twist. Very confusing...i guess I'll stay away from this IPO maybe some listing gains to lose, but it doesn't matter when its a matter of peace of mind.
@Chittorgarhteam Can you add a link or a box (for external link) for the list of anchor investors for SMEs also. More and more SMEs are getting QIBs now. The same is available in mainboard. Thanks.
Dear All I found today Following analysis in Paper 1. The average cost of Acquisition of shares by Promoters is Rs 0.12 and Rs 0.04 Per share 2. It was Lister in NSE Emerge ITP Platform and then Delisted Due to Heavy Loss. 3. It has Paid a Dividend of Rs 1000/- (10,000 % ) for Fy 21-22 Which is One Time for Promoter and Unlikely To continue Going Forward 4. It's EPS and NAV data are on the Basis of Pre Bonus Equity capital and It Appears misleading
IPO Is fully priced , For Long term View ONe can Apply
28.1. bAAz| Link| Bookmark|
October 3, 2022 12:35:28 AM
IPO Mentor (700+ Posts, 400+ Likes)
👍
28.2. Kiaan| Link| Bookmark|
October 3, 2022 10:33:37 AM
Top Contributor (500+ Posts, 200+ Likes)
Promoters have already sucked out the bones of this co., by way of dividend and bonus etc. etc. Inviting investors to be sacrificial lamb.
Low Valuation ????? Then What should be the Fair IPO Price ? What is your Expectation from this IPO ? Pls share on what basis You are claiming it A Low Valuation IPO
=> Restated EPS 14.34 and No.of shares as on date 1.13 cr P/E 14.34/1.13 = 12.69x BV 1.29x
=> QIB : 50% Anchor Investors 11,59,200 Tentaviely Rajasthan Global Securities 10.60.800 and Saint Capital Fund 98,400 Other QIB : 775,200
NII : 560.800 Retail : 1356.000 Market Maker 204,000
=> PLI aaplication has been approved on 14.10.2021 => The PM has also aanounced on yesterday to promote MSME device and other sectors in Telecom sector.
26. God RA| Link| Bookmark|
October 2, 2022 8:34:51 PM
IPO Guru (1000+ Posts, 700+ Likes)
@Rahul (expert) and other new Members (experts)
If you guys could leave us in peace 🕊️, we (CG forum members) ourselves are capable to arrive at decision whether to apply or not. Thank you very much.
Rightly said, New Members are Showering Views Without Knowing Anything Low Valuation, Good for Short term , Good for Long Term etc etc Yes If you (New Member) have any Internal News then pls Share
1) We materially rely on a single customer of our revenues from operations for the financial year 2021- 22, 2020-21 and 2019-20. Any loss of business from such customer may adversely affect our revenues and profitability. One of our customers contributes 78.21%, 88.24% and 74.51% of our revenues during the financial year 2021-22, 2020-21 and 2019-20 respectively. Any decline in our quality standards, growing competition and any change in the demand for our products by this customer may adversely affect our ability to retain them.