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IRM Energy Limited IPO Message Board (Page 21)

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155. Gadhavi Traders |   Link |  Bookmark | October 18, 2023 8:32:46 PM
Kya Baat He QIB Pahle Hi Din Full Subscribe Ho gaya?

BTW Grey Kya chal raha he ? SS
154. Optiplex |   Link |  Bookmark | October 18, 2023 4:50:53 PM
Can we apply Minor ASBA IPO through ICICI Netbanking ?
154.1. ARB |   Link |  Bookmark | October 18, 2023 8:31:21 PM
Yes,We can do it.
153. austin آسٹن |   Link |  Bookmark | October 18, 2023 8:13:57 PM
Guys I'm new here, hope you all are doing well. I am planning to apply in sHNI quota for the very first time. Please help me out. I don't know anything about HNI. Please tell me application and allotment rules as you would do to a kid. like can i cancel the application once accepted on bse, how the allotment is done, on lottery basis or proportion basis. i have very good experience in retail quota. which quota stand higher allotment chances? retail or sHNI? or should i just apply in retail for better allotment chances?
153.1. Randumbkid |   Link |  Bookmark | October 19, 2023 10:49:11 AM
apply in retail for better allotment chances, shni application you can't cancel better to not accept UPI mandate till last day.
152. IPO MIL JA |   Link |  Bookmark | October 18, 2023 7:32:15 PM
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
IRM ENERGY IPO Has Opened Today & It's A Pretty Good IPO. IRM ENERGY Is A Group Company Of CADILA PHARMACEUTICALS LIMITED.
IRM ENERGY COMES From GAS DISTRIBUTION SEGMENT. The Issue Is Priced At Good Valuations.

Coming To Business Model, IRM ENERGY Has Great Capture In Both Domestic & International Market. It Has 180+ Industrial Customers, 250+ Commercial customers & Whooping 52,000+ Domestic Customers. The Client Retention Rate Of IRM ENERGY Is Impressive & There's A Great Dominance In Domestic Market. However If You See It's Margins For FY23 Year Then It's Quite Weak Most Probably Due To Boost In Petroleum Products Prices Because Of Stress Scenarios Between Russia-Ukraine. The Future Projections Made By Management Looks Very Promising. Top Line Of The Company Is Extremely Good & I'm Expecting It Will Soon Improve It's Bottom Line Too. Company Is Sitting With Good Cash Flow. Promoters Are Extremely Trustworthy & Hardworking.

Overall It Looks A Decent Issue, One CAN APPLY For Decent Listing Gains. In Short To Mid Term It Can Reward Handsomely To The Investors. Long Term Growth Story Looks Robust.
152.3. IPO MIL JA |   Link |  Bookmark | October 19, 2023 8:30:32 AM
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
I am really very sorry @harit Ji, @dr anil agarwal Ji and all forum members for posting this message received from my share broker without review it's authenticness.😔

Today I learned that lesson, " never trust any information without reviewing it's truthfulness and follow only authentic sources."

Once again I apologise for wasting your time for reading that unreliable message.
152.4. RAJESH NAGARIA |   Link |  Bookmark | October 19, 2023 8:39:33 AM
No issue sir. Many times brokers forward messages and we blindly accept that recommendation. We should be careful on brokers recommendation.
151. Nothing New |   Link |  Bookmark | October 18, 2023 1:11:42 PM
Top Contributor Top Contributor (600+ Posts, 100+ Likes)
Will linkintime declare allotment for IRM on or before Oct 23?
151.1. ValueSeeker |   Link |  Bookmark | October 18, 2023 7:54:32 PM
IPO Mentor IPO Mentor (1100+ Posts, 400+ Likes)
Highly likely, going by recent trend of Link.
150. MAMU |   Link |  Bookmark | October 18, 2023 5:59:08 PM
IPO Guru IPO Guru (1700+ Posts, 1100+ Likes)
Meanwhile, HUDCO approve Greenshoe option and clearing price for HNI is 79 🔥🔥🔥
150.10. PKRAJ |   Link |  Bookmark | October 19, 2023 3:27:48 PM
@Thiagarajan Ramasamy In earlier days PSU OFS used to come at 5% discount to the retailers. That was a good time. That time it was fixed price with discount to retailers. If I am not wrong.
Now the time has changed. Forget discount. Now it is floor price and not always possible to get at floor price. Sometimes the investors have to pay more. In Coal India it was not possible to get shares in OFS unless you know the demand is there at what price. It was higher than floor price.You have to place the order and continue watching price movement and revise if necessary.
Forget those days. GONE ARE THE DAYS.
Just see the LIC ipo. Still holding with great lower rate. I can't say loss because I have not booked loss. Value of investment decreased.
Remember those good days and enjoy.
150.11. KAMMA SIVA RAMA KRISHNA |   Link |  Bookmark | October 19, 2023 3:30:48 PM
Sir,
Honestly speaking, I thought that the price will be increased by the minimum of Rs.10/- to Rs.89/- by May 2024. Of course, I may go wrong. Further, I thought that there may not be significant downside from the CMP. That’s why I have purchased the shares now. Time will decide whether my thinking is correct or not. Thank you very much, Sir, for your kind wishes.
149. KCSadan |   Link |  Bookmark | October 18, 2023 2:39:36 PM
Please any bank asba allowing third party application.
149.7. sashah |   Link |  Bookmark | October 19, 2023 7:18:09 AM (300+ Posts)
Bank will allow you to apply from PAN of joint holder whether first, second, or third. 3rd party means submitting application on behalf of PAN holder who is not account holder in bank account where you are applying...
149.8. Sambhav Jain |   Link |  Bookmark | October 19, 2023 9:27:06 AM
I mean to say is in Canara bank if you selected first holder then first holder pan will come. If you selected 2nd holder then 2nd holder pan will come. You need to put your Demat number only.
If I applying with second holder in this case will it consider as 3rd Party application?
148. alok marwadi |   Link |  Bookmark | October 18, 2023 6:58:50 PM
Please suggest qib, bhni, shni, retail and total expected oversubscription . Or message number of the latest suggestion if already done so .
147. Smile✍️ |   Link |  Bookmark | October 18, 2023 5:53:24 PM
IPO Guru IPO Guru (1600+ Posts, 900+ Likes)
Splitting of todays bids by QIBs in shares

Foreign Institutional Investors (FIIs)      - NIL
Domestic Financial Institutions- 406
Mutual Funds-      22,38,394
Others      -      21,605      
Total - 22,60,405
147.1. UjwalG |   Link |  Bookmark | October 18, 2023 6:10:57 PM
IPO Guru IPO Guru (1000+ Posts, 500+ Likes)
Surprising to see mf rushing on first day !!
146. MVP |   Link |  Bookmark | October 18, 2023 8:27:19 AM
IPO Guru IPO Guru (1300+ Posts, 1000+ Likes)
Finally. Bye bye 3rd party 🥳🎉

Thank you SEBI.

146.9. ShubhamSejpalRajkot/Mumbai |   Link |  Bookmark | October 18, 2023 12:29:22 PM
@MVP @Tejas Pandya Sirf SBI 3rd Party ASBA ka hi issue heh ya phir sabhi bank k third party ASBA ka bandh ho jayega?
146.10. MVP |   Link |  Bookmark | October 18, 2023 4:24:25 PM
IPO Guru IPO Guru (1300+ Posts, 1000+ Likes)
@ShubhamSejpalRajkot/Mumbai 1 December tak sari banks se band ho jayega.
145. Shreya goel |   Link |  Bookmark | October 18, 2023 2:26:36 PM
@Galta post pe is 32.79 is correct as per admin FY 23 PAT63.14 CR/4.1(Equity share) =eps i.e.15.4 PE is 505/15.4=32.79
145.1. Gatla |   Link |  Bookmark | October 18, 2023 4:33:54 PM
@Shreya goel It was 18.62 previously. Later updated to 32.8
144. prashant patwardhan |   Link |  Bookmark | October 18, 2023 2:43:54 PM
Which DRHP is filed/under approval/approved or else, this information is if available to Admin also then they should create some space on web page to publish so. I guess a lot of unnecessary conversation is taking place. Because of it, useful posts are lost in ocean of posts. And policy of renumbering the earlier posts and realigning the sequence of the flow is making it difficult and confusing to find earlier posts. So please take some corrective steps is my request to Admin Sirs.

Also I would like to suggest Admin Sirs that conversation which is not related to the subject IPO then it should be relegated to general discussion PAGE if you can create such thing.

Thanks with regards.
143. Azithromycin |   Link |  Bookmark | October 18, 2023 12:52:52 PM
Latest gmp please...
143.1. GUPTA MUKESH |   Link |  Bookmark | October 18, 2023 2:21:24 PM
60-62 ho gaya hai
142. kalki |   Link |  Bookmark | October 18, 2023 2:19:16 PM
How does Jio financial has very high PE?
Is it a good buy?

142.1. DSR |   Link |  Bookmark | October 19, 2023 1:46:31 PM
That's wrongly calculated. If you extrapolate current quarter EPS it will come out to be ~4 rs.. and at 214 , the PE becomes 52+..

Bajaj Finance is trading at 33..

Your choice to invest or not. I prefer to keep my entry multiple low.
142.2. Ram Bhakt |   Link |  Bookmark | October 19, 2023 2:50:58 PM
@kalki 
@DSR  correctly pointed out that this PE is calculated wrongly. If you look at this quarter's results you will see an EPS of Rs1.05; if you annualize it, you will get a EPS of around ~Rs3.5 - 4.

But more importantly, in the case of finance companies one should look at P/BV instead of PE. That is considered to be a better indicator for valuation.

Bajaj finance is trading at a P/BV of ~8 (one of the most expensive finance companies in market in terms of valuation, but they have robust business to back it up). Whereas, JIOFIN is trading at a BV of 1.18 only (this is very low as compared to industry standard, but there is almost no business to back it up). There is a catch here as well - JIO has quite a significant holding of Reliance Industries which increases its BV by quite a lot.

Hope this helps you in making your investment decision.
141. Jainritik |   Link |  Bookmark | October 18, 2023 2:04:06 PM
@newgen consultancy  Sir what happened to itdc, what would be it's future
140. PKRAJ |   Link |  Bookmark | October 18, 2023 12:19:20 PM
Not a big size issue but the subscription figures very slow. Positive views from all over. No doubt listing gain restricted between 12 % to18 % in my views. Good for long term as well as medium term like other gas distribution companies.
To apply without any doubt is present call. Negative listing not at all expected. But exceptions are always there.
140.1. MVP |   Link |  Bookmark | October 18, 2023 12:42:28 PM
IPO Guru IPO Guru (1300+ Posts, 1000+ Likes)
Israel Palestinian war escalation last might have some effect on slow subscription. Just a guess.
139. Gulsan |   Link |  Bookmark | October 18, 2023 12:35:19 PM
Kya updater service me Ashish kacholia ne invest kiya hai ? Thanks in advance 🙏
138. Tejas Pandya |   Link |  Bookmark | October 18, 2023 12:08:20 PM
IPO Guru IPO Guru (2700+ Posts, 2200+ Likes)
New Mainboard IPO

Blue Jet Healthcare IPO

Open: 25 October 2023
Close: 27 October 2023
Fresh: NIL
OFS: 2,42,85,160 Shares

Allotment: 01 November 2023
Listing: 06 November 2023
137. pRACE |   Link |  Bookmark | October 18, 2023 11:44:16 AM
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
All senior member,

off topic but i dont see ofs colum in chittorgarh website so writing here, is it good to apply hudco ofs today?
136. UjwalG |   Link |  Bookmark | October 18, 2023 11:42:23 AM
IPO Guru IPO Guru (1000+ Posts, 500+ Likes)
Who is this in qib quota who applied on first day that too only 580 shares. Looks like a poor qib :)