Thank you very much Riz J. I am well. But due to family circumstances I was not able to act and react in the forum. Tomorrow again I am going to Mumbai for 5 days and returning on 1st evening. During these 5 days I may be bit inactive. But try to share something. Hope you all well. Take due precautions in applying SMEs in such a great rush. Avoid taking unnecessary risk. Have a healthy time always.
@Admin @ Chittorgarh.com Dear admin I have posted on jsw infra page today evening alongwith image but my post is not showing here. Is it some technical problem?
Hello Expert Please Guide me I have Applied RRKABEL IPO till date I have not received refund Registar Ki Website par Allotment status me No Record found aa Raha h please expert guide me refund kaise milega
off topic pvr inox seems good last quarter they did something around 1300 crore this quarter it should come around 2200 crore .. i think it can hit ath. anyone holding or have any views ???
How many expected B-HNI subscription ? and latest GMP pls.
96.1. Palka| Link| Bookmark|
September 25, 2023 3:38:13 PM
Top Contributor (900+ Posts, 200+ Likes)
BHNI Subscription should be three times application wise minimum.... Its good for long term... Listing gain may be minimal due to downtrend of secondary market.. Thanks
96.2. Palka| Link| Bookmark|
September 25, 2023 4:05:02 PM
Top Contributor (900+ Posts, 200+ Likes)
@klg - Visit ICICI bank and ask them to convert your FD to money multiplier / linked FD. once changed this will allow you to use that money for applying IPO without breaking FD. FD will be breaked in case allotment only.
Wish to apply for JSW but the issue is my funds are stuck with EKI Energy. Unable to sell them as it is hitting lower circuits since the last 2 sessions. Have lost a significant amount. Pls advise. Thanks in advance.
90. Jetha Lal| Link| Bookmark|
September 25, 2023 12:51:53 PM
IPO Guru (1000+ Posts, 2100+ Likes)
Retail quota is just 10% even company is profitable in last 3 years because restated monetary asset exceeds 50% of net intangible assets in FY22 & FY23.
Low retail float with low dilution (Just 11%) may keep post-listing demand high.
The >50% NTA norm by SEBI ICDR regulation also applies to Updater Services. Though its an advantage in JSW I don't see it much helpful for UDS. I'm applying here.
90.2. Jetha Lal| Link| Bookmark|
September 25, 2023 1:00:45 PM
IPO Guru (1000+ Posts, 2100+ Likes)
Please read it as Net Tangible Asset instead of Net intangible asset in above.
Hangover of reducing promoters stake via ofs in future?
90.4. Jetha Lal| Link| Bookmark|
September 25, 2023 2:08:00 PM
IPO Guru (1000+ Posts, 2100+ Likes)
They will have to reduce ~11% post IPO within next 3 years. If they continue to give strong performance and financial then it won't be big task and they can push in one go or in tranches and institution will be eager to absorb such supply. Recent example is Aether Industries. Post IPO promoters had stake of 87.07% which they reduced within 1 years to 81.8% few months ago and still they have 2 years in hand to bring it down to 75%.
If performance will be strong then it's not a big deal because it would be favourite among institutions.
Crow Verdict: It's a no-brainer to apply for JSW Infrastructure's shares because of its business and clout. Not everyone can start a port infra business which is of national importance and that's why its sole competitor Adani Ports is shining and will continue to shine. It makes complete sense for me to dip my beak into this, because I see JSW expanding to eat into Adani's market share in future. Since the high asking price and overdependence on its cousins are a worry, I'm not expecting a listing pop but I don't see it disappointing either. Apply.
Crow's skin in the game: Will secure 1 lot for sure regardless of QIB subs.
Crow's last APPLY recommendation: SAMHI Hotels (7% listing pop and currently up 15%).