My father lost 12 lac due to fraud done by karvy brokers(abusing PoA to siphon off money)..as both companies are linked, I am avoiding it completely and wud pray for it's failure... karvy is biggest chor and SEBI is spineless in this case...
46.1. arunARUN| Link| Bookmark|
December 13, 2022 10:37:58 PM
IPO Guru (2000+ Posts, 1700+ Likes)
How these companies are linked. Please file a police case to recover money out from promoters
46.2. ipo share| Link| Bookmark|
December 13, 2022 10:55:38 PM
IPO Guru (1600+ Posts, 800+ Likes)
It was previously Karvy Fintech and part of Karvy Groupt. After fraud done by Karvy Stock Broking (misusing POA of clients to pledge their shares), it name was changed to Kfintech to disassociate it from Kavry. Karvy Fintech was also banned by SEBI in past for misappropriation in allotment process.
I myself suffered as my 40 shares of RIL were pledged by Karvy Sock Broking with Bank fir taking loan by them and subsequently, I filed complaint with SEBI and got compensation from Investot Protection Fund of NSE after lot of struggle & formalities.
Money honey always helpful for any corrupt to continue in new awtar
46.4. abc xyz| Link| Bookmark|
December 15, 2022 4:30:47 PM
IPO Guru (1400+ Posts, 1400+ Likes)
@ Trader BANNA Here some members are very sensitive & some members are very intelligent and their mind is don't ready to accept the reality so no one can even God can't save them. So don't bother about them our aim is just to safeguard ones hard earned money, isn't it?
@iposhare..on claiming thru SCORES/SEBI, we are not getting full amount, can you share how much u recovered %wise ?
46.6. abc xyz| Link| Bookmark|
December 30, 2022 10:40:54 PM
IPO Guru (1400+ Posts, 1400+ Likes)
In this forum I have clearly written that this group is not reliable and not investors friendly as we all have witnessed it's past track record. By changing the promoters the intention of the management remains constant. Their past record was too bad and have looted the public and even though some members were supporting this issue. Now see the results 366 to 344 , loss of Rs. 22 per share. Promoters are very happy and enjoying 2022 but the innocent public forgetting 2022. One may have to learn a lesson from Paytm, LIC...... and march ahead.
45. SSingh| Link| Bookmark|
December 14, 2022 7:15:10 PM
IPO Guru (1400+ Posts, 800+ Likes)
Iske allotment ko jo hold kare, use KfIN ke future IPOs me confirm allotment mile, to hee main is IPO me lagaoongaโฆ ๐๐
On a serious note, not interested because of the pure OFS, fiasco of Karvy and absence of MOAT. I will AVOID ๐๐ป
45.1. arunARUN| Link| Bookmark|
December 14, 2022 9:42:07 PM
IPO Guru (2000+ Posts, 1700+ Likes)
@SSingh You are wrong about Moat. As Mutual Fund AMC find very difficult to change supplier (only 1 other supplier) Their 60 percent income comes from this source. If it is not moat then what is moat as per you
45.2. SSingh| Link| Bookmark|
December 15, 2022 6:21:12 AM
IPO Guru (1400+ Posts, 800+ Likes)
I missed it @Arunji. My bad. ๐๐ป But still I will buy CAMS instead, from secondary market. As I doubt this companyโs corporate govt. after Karvy fiasco. Not convinced. ๐๐ป๐๐ป
in last 2 years atleast 8 new mutual fund companies came in india and almost everyone choosen kfin as their RTA. I guess we should not link karvy fraud with kfin here. My view here.
KFin is the scam tainted Karvy stuff, sugar coated and served as a new IPO with huge valuation. Hope the retail investors will not be exposed to the skeletons of the Karvy scam post listing.
43. Finexpert| Link| Bookmark|
December 14, 2022 6:31:03 PM
Top Contributor (400+ Posts, 200+ Likes)
Now 15/17 huge drop
42. M Gupta| Link| Bookmark|
December 14, 2022 4:10:45 PM
IPO Guru (1100+ Posts, 3300+ Likes)
STABLE BHAV NOT AVAILABLE YET
41. A I| Link| Bookmark|
December 13, 2022 11:34:33 PM
Top Contributor (200+ Posts, 100+ Likes)
Another Ofs candidate All time high pe ofs ipos ki line lagi hai
also, CAMS is down 45-50% from all time high and 20% in a year and in downward trend with no sign of recovery.
41.3. arunARUN| Link| Bookmark|
December 14, 2022 8:23:47 AM
IPO Guru (2000+ Posts, 1700+ Likes)
@Taj Jassat, Which means CAMS will fall further as per you. Main reason for CAMS fall in my view is reduction of promoter holding in 1 year from 31 to 19 percent. Not operational performance
41.4. Liger| Link| Bookmark|
December 14, 2022 10:34:07 AM
Top Contributor (300+ Posts, 500+ Likes)
CAMS currently trading @PE of ~35 Kfin Tech @366 asking for PE of ~35
41.5. arunARUN| Link| Bookmark|
December 14, 2022 10:53:59 AM
IPO Guru (2000+ Posts, 1700+ Likes)
@Liger See CAMS price book and Kfin price book ratio
41.7. A I| Link| Bookmark|
December 14, 2022 3:03:11 PM
Top Contributor (200+ Posts, 100+ Likes)
Not talking about PE I mean market at all time high Sorry for your confusion.
40. Finexpert| Link| Bookmark|
December 14, 2022 1:44:57 PM
Top Contributor (400+ Posts, 200+ Likes)
Elin electronic ipo 20 dec to 22 dec Issue size 760 cr Retail 35 percent
39. Finexpert| Link| Bookmark|
December 14, 2022 1:06:32 PM
Top Contributor (400+ Posts, 200+ Likes)
Gmp 42/46
38. CoolAsh| Link| Bookmark|
December 13, 2022 11:27:42 PM
Top Contributor (700+ Posts, 100+ Likes)
Present equity capital is 167 crores. Assuming that the current profits are not overstated and will sustain, then the annual profits are about 123 crores, an EPS of of 7.63. Since its completely OFS so the equity capital will remain the same after the issue so the post issue EPS will also be 7.63. Unsure what should be a reasonable price?
Yet to compare the sector PE. Considering the history of the company, it should be priced attractively to attract investors. Lets see
38.1. CoolAsh| Link| Bookmark|
December 14, 2022 12:30:10 PM
Top Contributor (700+ Posts, 100+ Likes)
Basis updated Sep 22 financials. EPS about 10. Asking PE about 35. Overpriced for sure
Radiant cash management will declare its ipo soon and also gpt healthcare,Deltatech gaming and elin electronics
32. abc xyz| Link| Bookmark|
December 13, 2022 5:08:58 PM
IPO Guru (1400+ Posts, 1400+ Likes)
It have been observed that the memories of the public is too short and we all foget the bad event by Company, individuals & govt. Just a year ago KSBL pledged securities of over 95,000 clients illegally and raised over Rs 2,300 crore via loans against shares (LAS) from multiple lenders like HDFC Bank, ICICI Bank, IndusInd Bank, Axis Bank, Bajaj Finance, Aditya Birla Finance. Now this Karvy is here to collect the money from us and they haven't any feeling that this kind of deed wouldn't affect the ipo. Certainly yes Karvy would be successful in collecting the 2600 cr from us and again most of us would support it. People have forget the Paytm, LIC, GIC....... I will surely avoid this, baki sab rab jaane.
But few people memory not short lived...who never forget Hcl tech,Indiabull ,Sasken , Educom ipo fake allotment and compensation by sebi after years of late enquiry of few hundred rs.
Oh so thats why I have not received LIC dividend !! They are registrar for LIC India. I have not received LIC dividend. I did not pursue as LIC has thrown just some เคเคฟเคฒเฅเคฒเคฐ เคฎเคจเฅ as dividend. But now I understand why I did not receive the dividend.
32.4. arunARUN| Link| Bookmark|
December 13, 2022 10:30:34 PM
IPO Guru (2000+ Posts, 1700+ Likes)
@abc xyz Unfair comment . Did you bother to read RHP. Who owns Kfin tech. Would you show link of this company ownership with KSBL other than erstwhile promoters By law brokerage companies can not do any other business.
32.5. ipo share| Link| Bookmark|
December 13, 2022 10:59:14 PM
IPO Guru (1600+ Posts, 800+ Likes)
@abc xyz You are absolutely right. I was also one of the clients of Karvy Stock Broking the DP and my 40 shares of RIL were illegally pledged by them. I will never apply in IzpO of such fraudulent group. Total avoid for me.
32.6. ipo share| Link| Bookmark|
December 13, 2022 11:01:59 PM
IPO Guru (1600+ Posts, 800+ Likes)
IPO
32.7. ipo share| Link| Bookmark|
December 14, 2022 1:17:45 AM
IPO Guru (1600+ Posts, 800+ Likes)
@arunARUN Though General Atlantic (GA) now holds majority shares but Karvy Group led by dubious and fraudulent C.Parthasarthy still holds 18% shares in Kfintech. GA is trying everything to distant itself from dark past of Karvy Group but people who have suffered so badly can't forget the name of KARVY.
32.8. arunARUN| Link| Bookmark|
December 14, 2022 5:43:27 AM
IPO Guru (2000+ Posts, 1700+ Likes)
@ipo share share holding of CP group 14.12 percent as per rhp
30. arunARUN| Link| Bookmark|
December 14, 2022 8:26:46 AM
IPO Guru (2000+ Posts, 1700+ Likes)
@admin Please update page as per RHP. Otherwise lot of investors will be confused RHP is on bankers website and price band in Financial Express date 14.12.2022
Date : 19-Dec to 21-Dec-2022 FV : โน10 Price : โน347 - โน366 Market Lot : 40 Shares App Amt : โน14,640 Size : โน1,500 Cr Retail Form : 102,459 HNI Small Form : 3,659 HNI Big Form : 7,319 QIB : 75% NII : 15% Retail : 10%