India Pesticides Limited IPO Message Board (Page 15)

It is on 01/07/2021 as per the registrar website.

just get out of this ipo on listing day itself (If you get allotment)

There are good anchor investment aswell that to on floor price soo I was wondering Is this gona be big problem for this ipo because company has been exporting aswell

can this news make listing like anupam rasayan ?

@ Spock

Can''t deny as both are chemical business company

Same Sucheta Dalal has written article after article against RIL and Dirubhai and now Mukesh Ambani.
No honest or straight forward person can run business in India.
No IT company has got approval to build big big SEZ parks in India without paying huge bribes.
.
Only thing we need to see is can the business generate profit, will the promoters share it with shareholders via Dividends.

HML sir, now I think even if I don''t allot any lot no regret.

I personally keep myself away when sentiment is not good about the company. no matter company is doing business well.

This is already disclosed in DRHP, and whatever company do before listing that is there choice and this is normal practice that every unlisted company do, and i think companies ownership is with directors before listing and they can give there share to any one so i think share has been issued at book value looking at reserve and surplus in financials. so these all are nonsense gossips

12% is huge, this might be many did not approve the mandate after watching final NII and QIB subscription numbers.

NII allotment ratio?
By the way what do you think about the the hit jobs effect on listing?

This message is exactly received by Sharekhan today.
Pls describes in details.

28Jan2021 ko price 33.70 tha to 4-5 months me aisa kya huy aki company ka price 296 ho gaya..Manpasand beverage k bare me google kar lijiye pata chal jayeega

Same message has received by Sharekhan.
What is the issue and impact of this.

One of the below 2 types of manipulations would''ve occurred.
1. Company sold shares cheaply to relatives (far lower than reasonable valuation) to benefit from IPO sale. or
2. IPO is far highly valued to benefit from bullish market.

No rule that private company cannot offer shares to themselves at any price and disclosed it too in prospectus. and if IPO is priced very high, then investors should backout so it is not forced on people to buy. IPO time is a turning point for promoters to build their personal wealth and so using of loopholes is expected.

@sdz
Are you justifying the allotment at Rs. 30 to auditor connected persons? These persons are bound to sell after 1 year of lockin. While it may not have immediate impact , it shows mentality of promoter family of not paying right fees to advisors which will be properly taxed at business rate. Rather they created equity base which is permanent liability to company
Basically for very low risk (as allotment is around book value) the advsior has turned business income into capital gain

@Arun.. I explained w.r.t to allocation to promoters and not auditors. Thought they allotted to promoters son. As u said, allocation of shares to auditors instead of paying in cash doesn''t sound credible method

1. Nothing is mentioned in the RHP about Mr Arun Bagaria being advisor to the company @BareillyInvestor can you please tell from where you got this info ? I guess he is part of promoter family as was stated by the chairman in the TV interview and analyst meet.
2. Also, from manpasand balance sheets it appears that Bagaria & Co was appointed as statutory auditor in 2019 ie. after Deloitte and Mehra Goel & Co. I guess whole fiasco happened before they were appointed as auditors and also Mr Rahul Bagaria is not the signing partner.
3. Everything about allotment of shares is disclosed in the RHP and as stated by @sdz there is no illegality in those allotments. I am sure lawyers, merchant bankers and SEBI would have not allowed it if there was any problem there.

Is it co oprate governess issue with this ipo.informatin not disclosed?

@atul sir no no. All the information needed is very well disclosed in the RHP document. My personal opinion is that the company is fundamentally very strong and a very good track record. Hoping I will get some shares in my retail applications. GMP is also decent at Rs 35.

there are want fishy thing your so called fundamentally strong company.
1) from 2019 to 2021 revenue increased 90 %..means in 34 years company revenue x than . in another 2 x in 3 years.
2) Profit increased 201 % from 2019 to 2021.
These kind of short term growth too good to believe.

@bareilly investor

1. it appears the growth has come because of increase in installed capacity from 2018 to 2021. for 34 years the company had only one plant. pls see RHP.
2. for profits the management said that this is the effort of their R&D and the margins should be sustainable.

These are my personal opinion and I still believe that the company is fundamentally very strong. you can disagree that is your choice.

I think comp can allot shares at RS.1 to relatives , auditor, promoter, anyone. It''s their choice. During IPO price they match it with peers PE value as those who apply in IPO are neither of the above.

No.