Global Longlife Hospital and Research Limited IPO Message Board (Page 3)

1 retail applied.

Dear ipo analysis,lokes, mravichandran, noorul, avenue,kdking, Dinesh singh, eVA, hostpacker, king vinod, jai mataji di, and all chitorgarh family members should go for apply or skip this ipo?

Not Applying but this IPO will also list in positive .
Focus on LMEL and Campus ..

@God is Great,
Not applying here.

Thanks

Clear Avoid. No growth in past years !!!

Hello all my Chittorgarh Investors Apply This Ipo I m very confident On Promoter expect double Triple Listing

We are happy for your 2-3X gain. Kindly give more details.

I am not applying this . Chance of discount listing is high.

Global Longlife Hospital :
Has any Promotor recently produced any movie on any prominent politician ?
or
Is any politician a promotor / stake holder in this company ??

Else I will probably skip this expensive issue...

Not interested for applying. Too much valuation. As per RHP its valuation as per issue price, its pe is 94.59 as compared to its listed peer aashka hospital which is 21.19 and Kmc Speciality hospital whose pe is 82.63. Too much valuation.

This IPO is good For Long Term I Go Through Full Drhp And I This Stock Out Perform Long Run And Pls ignore Negative Views

Not applying for this one.

175-200crs valuation for one small hospital is too much.

I just got a report from Equity99 for this IPO, which itself is a sham with just 3-4 points written but no data or financials. Looks like instead of pricing the issue reasonably they have employed services of influencers.

Due to the size I think promotor contribution also required to sail through which will come to know during allotment.

I don't think there will be much participate in 10+ lac HNI category for this IPO.

Huge ipo size & huge price , both are dampening.

1. Interactive Financial Services was the lead manager for Bhatia Color which opened at 50% discount, which means lead manager has failed to guide the promoters about fair value and for which investors lost 50% of their wealth. This is the second issue of the said lead manager. So I have zero confidence on value and wealth appreciation.

2. As per financials posted by the Company, it looks that the Company is struggling to maintain both top line and bottom line. During last 3 years, revenue is declining.

3. Out of IPO proceeds, loan repayment will be for 14.80 Cr. The Company is planning to acquire lease hold right of a land from its promoter Director for 20 Cr. Balance money will be used for general corporate purpose.

4. Profit after tax for 2019 was 136 Lakhs (4% of revenue), in 2020 it made loss of 86 Lakhs (even though revenue was 34 Cr which was 97% of the previous year revenue), in 2021 it made profit of 104 Lakhs (3% of revenue) whereas for the period ending Dec 2021 (9 months), it earned profit of unbelievable profit after tax of 386 Lakhs (14% of revenue).

5. EPS for 2019 was 2.53, in 2020 it was negative 1.23 (due to loss), in 2021 it became 1.48 and for period ending Dec 2021 (9 months), it became 5.52.

6. Debt Equity ratio for 2019 was 3, for 2020, it became 3, in 2021, it became 1.7 and for period till Dec 2021, it is now 1.2.

7. Company has given a corporate guarantee worth Rs. 15 Cr to Tata Capital for loan availed by Director Suresh Jani.

8. Directors remuneration was 96 L in 2019 (PAT 136 Lakhs), 14.4 L in 2020 (Loss 86 Lakhs), 102 Lakhs in 2021 (PAT 104 Lakhs), 44.5 L in period till Dec 2021 (even though it earned unbelievable profit after tax of 386 Lakhs).

9. Average cost of acquisition by promoters are Rs 21 (for Suresh Jani) and Rs 3 (for Dhruv Jani).

10. The Company has opened declared that it has given a loan of 154 Lakhs loan to Directors which is NOT in compliance with Companies Act and for which the Company and its Directors may receive notice and this will attract penalties.

11. Out of IPO proceeds, 20 Cr is planned to be utilized for acquisition of leased land. As per RHP, Promoter director is interested in the land which is going to be acquired on lease basis and the payment will go to promoter director Suresh Jani. Land will be taken on lease for 6 years 11 months and 29 days.

12. The company lacks geographical diversification and is running Single multi Specialty Hospital in the City of Ahmedabad.

13. The Company is tapping market with expected PE of 95 times whereas peers like Aashka Hospitals is at 21 times and KMC Speciality Hospitals is at 83 times.

Thank you SKji for your crisp and clear analysis :)

@Learner SK :- Thanks for your analysis. I am of the view that we must appreciate all the good/kind analysts who take out time to analyse.

IPO PRICE IS SO HIGH ITS SHOULD BE AROUNF 50.-, AVOID

One of my family members know the promoter very well...

They are not paying to the dealer and staff...

So don't trapped in this ipo...

Even if it subscribe heavily I will not apply..

Completely loss making company...

global SME Fix price 1,000

Aisa na ho ki, invest and trapped in longtime. Bhatia colour of same LM.

@KDKing,
Thanks for bringing recent LM role of 'Bhatia', 'avoid' just because of LM and the financials also not supporting either.

Thanks

As India is prospering, People will need better healthcare. However, unfortunately, direct competition is alternative Indian currently being promoted. Modern medicine is considered cash cow for corporates where both patients and doctors suffer.
Consumer protection, required multiple licences, litigations, rage, local politics, daily changing rules etc are major risk factors. It's service sector stock, where no miracle will happen over night. Save your hard earned money and invest in productive companies doing some good for society.

Avoid

@Small Investor,
Good to see your message after a while.

Thanks

better to avoid, i think. government hospitals के साथ competition चलेगा क्योंकि सरकारी hospitals में मुफ्त का इलाज होता है। unknown doctors, high mortality (death rate) for superspeciality patients, increasing litigation costs & earning loss, difficult to make profits. यह general corporate purposes क्या होता है? ipo का proceeds तो loan लौटाने में ही खर्च हो जाएगा। जमीन lease पर क्यों? outright purchase ठीक होता है…
दिलीप sir का राय ठीक होगा…

I have posted review on twitter but will summarize here. Can't add image here. Asking PE based on super earnings annualized is 28.54 but if we separate Dec'21 quarter earnings using DRHP and RHP then hypothetically remove the complete interest cost and apply a 30% tax then it's still asking for 47PE. Almost all debts to be repaid, which is an excellent move given these expensive debts. From IPO proceeds 20 Crore goes to promoter for lease of land with a monthly rent of 1 Lakh. I don't see much growth opportunity here and hospital looks average. Asking valuation even using number of beds is at par with Kovai for example. Overall I will give it a MISS.