Global Pet Industries Limited IPO Message Board (Page 5)

Nifty Short term Tagets ??

a. Below 17500
b. Range bound in 500 points
c. Above 20000

plz vote max
so wht majorities will do we don't do
u knw wht i mean
.....

Anyone from Kolkata gmp direct contact ?

no activity and scares fund. Issue time a bit awkward as fund are deployed elsewhere and refund time may not match with closure date

Avoid.

Aatmaj horrible listing will be a big dampening factor for investors enthusiasm to apply here. Otherwise, this one could have got reasonably good subscription despite very low GMP. Still, Subscription may be in the range of 8-10×, in both retail and HNI. May apply few lots.

@Knightridersss Dont go for Angel Broking, as they allow buying but dont allow selling if sale value of a Lot goes beyond Rs 3 Lakh. Personally faced lot of issues with Angel, now doing with Zerodha.
Also Angel have lot of Hidden Charges on higher side, like Demat Transaction charges of Rs 50 per debit from Demat where as Zerodha charges Rs. 14 per debit from demat

@Knightridersss, I am using Zerodha. It allows to buy sell SME stocks even in pre open.

Even suppose if this is very very good company but if the subscription figure remain low (assume bze mostly people with left no money for this ipo), so how there will be chances for good listing? How very very good company survive on listing day in such cases?

Many companies have already performed well in past with less subscription. Many people buy on the basis of fundamentals too.

After seeing Aatmaj IPO listing which had very low GMP, is it ok to apply for Global PET in spite of good financials? or else its safe to go for Pentagon rubber? Please suggest

Global Pet vs Pentagon.

which should best ?

GAI BHAINS PANI MEIN

No GMP

Any GMP updates? I haven't heard any yet.

@Invest Pune Do you mean you sold at 8000 subjected to?

Yes sold at 8000 subject to few days back. Asked my broker the latest rates but no buyers now.

Product mix is skewing towards high value “Electra” brand machines.
Crowded space as with intense competition from similar machine manufactures in Gujarat, Punjab, Delhi.
9MFY23 production is 97 machines, annualized 129 implying 100% capacity utilization against installed capacity of 127 units. Effective April-23, increased capacity is 223 machines / year. 2nd manufacturing facility started in April 23 would be in use for 2 years only as from FY 23 both unit will be consolidated in 1 location.
Exports largely to African countries, so how company manages credit risk is critical.
Share of equipment sale out of total revenue is decreasing implying pick up in other revenue streams like services etc. However it is not increasing PBT
Inventories have gone up from Rs 525 lacs to Rs 918 lacs with FG inventory alone increasing by Rs 350 lacs.
Receivables have increased by Rs 189 lacs in the same period. More than 30% of receivables are overdue for more than 2 years.
Cost of material has gone up by 24%, employee cost up by 9.5% nullifying any effect of 10% increase in sales
Absolute PBT flat YoY only because of increase in inventory otherwise PBT would have degrown.
Poor PBT to CFOB4T conversion.
9MFY23 has exceptional profit of Rs 46 lacs for which no break up, details, explanation is provided.
Freight & Transport cost down 50% even when sales has gone up by 10%.
Employees under PF coverage were 91 in Mar-22 and 80 in Mar-23
Revised remuneration of promoters would be Rs 120 lacs per annum which is around 20% of total salaries and wages

@YBPK. Very nice analysis.

@YBPK Bro u have done so much of work, can u do little more with closure remarks ? Like good bad avg.

@Team Shreni…
Is IPO ki timings gadbad kar diye bhailog..
Account sab khali… But tension na lena, 1 app ka jugad to main kar hee loonga.. 😂😂

@Amit Jaipur 

thats why skipping Ideaforge to apply here.

Ideaforge there will be no allotment, and here high chances, as all have left with no fund.

Bhailog, 1 lot retail already applied.
Baaki 2-3 lots ka funds aaj Veefin se aa jayenge. Applied 6 retail lots there. Should get 3-4 there. Baaki kuch emergency funds use karke kheench taan ke 5-6 retail to lagani hee hai. 😂😂
Yehi kuch loss making IPOs ke loss ko compensate karega short me..

@Admin @ Chittorgarh.com 

Subscription figures not showing.

@chintanparikh ji,
you review and recommendation on this one please?

GMP
No trade

Use ur balance fund here..very gud company as compared to other upcoming sme ipo.

Few lots sold at Subject to 8k. But no buyer now.

what does this mean????

This means no grey trades happening now. Few days back when I sold few lots, trades were happening at 8000(Subject to).

Shreni ji iska ipo June 30 ko open kr dete so that fund use ho jata

Refund of Good IPO's will not be available here.