I have applied seeing the comments but I still have one question:
Why would this co. that's having 26crs as Profit post tax last year want to raise just 49 crores this using equity route ? ( I read the objective of the issue but its very generic )
It's always generic! Why would they tie themselves down to restrictions .. also there are rains 50 cr against 100+ crore revenue... you sold look at revenue with assessing capital raised and not at profits
@Blick If one looks at the revenue to decide , then it further paints a rather sad picture. The narrative then is - A co. having 100s of cr of revenue needs a measly 45 cr from equity ? No this explanation doesnt feel logical at all.
Co. should at the very least look at the PAT to decide if it needs the extra funding by dissolving the Equity or can it do without it ?
69. Trueinfo| Link| Bookmark|
March 16, 2022 1:38:29 PM
IPO Guru (1900+ Posts, 1700+ Likes)
Lot of decision making depends upon likely final subscription. Estimate will help in chossing between swaraaj and KN. So, let's guess final subscription. My guess for this one I. e. KN is 40-50× retail, and 120-150× NII. For Swaraaj 15-20× retail and 25-35× NII
@KHS while applying in SBI you can apply more than one lot (it becomes HNI). But don't check cut off box. If you check (√) cut off box it takes you as retailer and retailer is not allowed to apply more than one lot.
@KHS just apply under individual category. RII to be precise. Whether your application is counted as retail or HNI will depend on whether u are applying for shares worth less than 2 or more than 2 Lakhs.
I am new to SME IPOs. Till now I applied for some SME IPOs in retail category and one lot at a time. No luck till now. Planning to apply for more than one lot this time. Can I apply more than one lot under retail category? By the way I am using Zeroda. Please suggest me.
60.1. Ravu| Link| Bookmark|
March 16, 2022 12:26:17 AM
(700+ Posts, 400+ Likes)
In retail category max is 2Lakhs, so only one lot. . For more than one lot, use your bank a/c ASBA
@Noorul sir, kindly suggest how big application should be put in this IPO to get one lot confirm in hni category.
56.3. Venkatram| Link| Bookmark|
March 15, 2022 1:23:43 PM
Top Contributor (300+ Posts, 100+ Likes)
Looks like huge subs will be there in every category to get good allotment in HNI if the sub is 110 + then we need 15 Cr + application (120 + lots needs to be applied). Big money game strictly. those with limited funds retail app is the best bet and cross your fingers. Not our game unfortunately.
This SME ipo may break all records in terms of subscription till date... Already size is huge considering SME ipo but still going very strong... Hope whoever gets alloted will get gud returns.... 🤞
54. RJ Rocks| Link| Bookmark|
March 15, 2022 10:09:24 AM
IPO Mentor (500+ Posts, 200+ Likes)