Hariom Pipe Industries Limited IPO Message Board (Page 11)

Reviews normally follow a set template, I wish they would offer something more out of the box
Normally it's someone in the comments here who offers better insights
Looks like decent IPO if they can reduce debt going forward

In my view it is raw material booked at old price and final output sold at higher price may be one of the reason. Inventory valuation in India follows in general FIFO (First in First out)

@arunarun. Super earnings have been posted for a period of one and a half year and doubt any company keeping raw material inventory for such a long time. Dilip sir review are great but he usually cautions investors for recent IPO periods super earnings to window dressing. But in this case especially he has attributed it to rising commodity prices. I am still not convinved about rise in CP can result in super earnings. Can anybody clarify.
Ultrasnow rightly said that most reviews are based on standard template, but this one ...
Anyways, I am sure this is a good IPO and will be subscribed handsomely.
Thanks

@Avenue During commodity super cycle, companies also earn super profits because they increase their margin. For example, if you check out Tata steel, you would see that they have consistently improved their margins which resulted in super profits.
Another reason for Hariom to post such profits is the integrated nature of their operations which results in cost savings - It has one unit to manufacture sponge iron and another unit which takes this product as input to manufacture steel products.

You will find the phrase ‘ apple-to-apple ’ in most Dilip Davdaji reviews :)

manufacturer to retailer makes profit in commodity continuous price rise senario. n face losses when continuous price fall.

@ultrasnow.. I think he should choose seasonal wise..
According to current season its like 'mango-to-mango'.

@Noorul, haha good one, out of habit I check all his reviews for 'apple' word. When company has no peer for comparison, you will find no apples in Davdaji review!

I believe it's still the same option as retail. RIIs (applying upto Rs 2 Lakhs and Individuals/HUFS, Trust etc applying for > 2 Lakhs).

r u sure focus?

RIIs

Just enter quantity and rest will be taken care.

Who would be the registrar😂

ONGC OFS allotted @ Rs. 160 to retail investors. Contract note recd. Share credit by Monday.

@NMZ,
I would certainly apply (not FF), number of lots depends on last day subscriptions both QIB and HNI. Also new HNI rules for this IPO onwards, lets see how this is going to go especially in HNI.

Thanks

Ravi sir, are you sure new HNI rule applicable for this (since it opened before April 1, 2022)?

Do u have any idea why hni has more quota or is it just a mistake
@ admin could u confirm the hni,retail,qib quota
And if correct provide with reason or any notification regarding the same?

The quota mentioned is as per RHP.

@ravu
Thanks ,
Usually it will be 50,35,15 or 75,10,15
Now i have seen different ratios in this one and uma(2,69,29).
do you know the reason behind this different proportion?

Your suggestions are not warranted. Does any body owe you answer within 2 minutes of posting a message