KP Green Engineering Limited IPO Message Board (Page 7)

​@M Gupta Sir r u applying FF open or sell and apply?

Mentors are asking gurus. Gurus are also confused as multiple variables (size, market volatility, darling sector, green, SME allotment lust, Premium open selling mentality) to affect listing and predictions at this point can go wrong by any margin 😕😕 "confusion hi confusion he solution ka kuchh pata nahi". Only those who have capability to face +50 thousand to -50 thousand can play this 😁😄

Principally, there is nothing wrong with this issue, its not over priced but fairly priced where you can expect decent listing gains. The only thing, which is creating lot of suspicions are the marketing strategy, various analysts are STRONGLY RECOMMENDING and PUSHING THEIR CLIENTS to apply in this issue, which is very unusual.

Priority shall be given to Enfuse (allotment will be very difficult there due to high subscription) and some funds can be parked in KP Green too, though I will take my call after lunch time and looking at QIB subscription.

For now, I dont see any major negative reason to altogether avoid this issue.

​@G profit Like it for few reasons
- Promoters who have delivered success in past usually get a premium (Jiofin is an extreme example of this)
- Capex plan is mouthwatering
- Price wise it's reasonable given growth and earnings trajectory. NIBE and Salasar are far more expensive
- There are some questions in H1 numbers (receivables are high, cash flow not great), but mid-year numbers don't always represent FY figures, and peers have similar cash flows and higher valuations
- Short term order book is fantastic, which means H2 results should outdo H1, comfortably

I have some faith in renewable story after seeing upward revenue & earnings trajectories of many cos incl. KP group in last few quarters. Most biz in Green sector are holding on to premium valuations, and from listing standpoint, while hard to predict, there could be minor gains. For long term, it's rare to get somewhat early entry to a Group that has been so successful, so I plan to apply and hold for a few quarters if I get allotment.

​@GJ Eighteen @Dhiraj Ramchandani @rohiitian Thanks for your views. Useful to all.

​@rajesh kalra Try and call their customer care and find out what happened and if it is not available then ask if they can fill the ASBA form on your behalf..

There are some third party apps but i do not know if we can trust those..

All the best

Or you can use your bank's website to apply with ASBA option..