After much to and fro.....finally not applying here. Risk reward ratio isn't acceptable. It may give returns but a bigger chance it may end in a loss.... Have left better SME IPOs before so why not leave this one. Besides LM history isn't good. All the best to people applying. Putting my money into Archean instead. Expect at least double in 1 yr....no recommendations though...
31. Heathslayer| Link| Bookmark|
February 13, 2023 2:04:31 PM
Top Contributor (300+ Posts, 100+ Likes)
Wondering whether I'll regret not applying to this like I regretted not applying to Gayatri.
30. Abhii VPG| Link| Bookmark|
February 13, 2023 10:55:28 AM
IPO Mentor (1000+ Posts, 300+ Likes)
Not applying, primarily because of LM & also PE is a concern!
Virtuoso have strong fundamentals, listed with more than 100% listing gains whereas Moksh with poor financials listed in discount.
Both were handled by same LM. Therefore, financials have a bigger role than LM. However, sometimes good LMs like Hem Securities also play a contributing factor.
30.8. SSingh| Link| Bookmark|
February 13, 2023 11:46:24 AM
IPO Guru (1400+ Posts, 800+ Likes)
An ethically correct LM would never come with an expensive issue to loot the investors. It's not about the listing price. It's also about helping companies with fair valuations and forcing them to come up with decent valuations and not loot investors. Suggesting fair issue price is the prime responsibility of the LM. But this LM seems to play around randomly anytime. Anyways, not in the mood to debate this. if anyone wants to apply, feel free to. I'm not applying. That's it.
30.9. Romy HNI| Link| Bookmark|
February 13, 2023 11:54:02 AM
IPO Mentor (500+ Posts, 400+ Likes)
Agreed with SSingh......
30.10. SamJos| Link| Bookmark|
February 13, 2023 1:59:38 PM
Top Contributor (500+ Posts, 100+ Likes)
Lead Manager role in IPO is just to see IPO sail through, (or he has to underwrite). Once issue is 100% subscribed or os, LM role is over. But Hem often supports the IPO even after listing through it PMS service. Apart these, as Ssingh rightly pointed out, ethical part is also there.
29. Heathslayer| Link| Bookmark|
February 13, 2023 1:51:31 PM
Top Contributor (300+ Posts, 100+ Likes)
All those saying this ain't good also said not to apply for gayatri rubbers as well and it's 50% up from it's IPO price. any reasons, why?
27.1. Romy HNI| Link| Bookmark|
February 13, 2023 11:00:14 AM
IPO Mentor (500+ Posts, 400+ Likes)
Me2
27.2. Amit Jaipur| Link| Bookmark|
February 13, 2023 12:11:26 PM
IPO Guru (1400+ Posts, 1400+ Likes)
Applied 11 retail Applns.
26. Romy HNI| Link| Bookmark|
February 13, 2023 10:48:51 AM
IPO Mentor (500+ Posts, 400+ Likes)
Subscription figure is picking up....May go for it in Retail
25. SSingh| Link| Bookmark|
February 13, 2023 6:18:59 AM
IPO Guru (1400+ Posts, 800+ Likes)
Moxsh. IPO Price: ₹153 CMP: ₹90 Never touched IPO price. Subscriptions: 100X LM: Same Aadmi ki neeyat aur fitrat kabhi nahii badlati… I WILL AVOID ALL THE IPOS BY THIS LM until the company has solid moat and FUNDAMENTALS with good promoters! AVOIDING THIS IPO for sure.
LM also has a reputation to maintain. After last moksh performance, he knows that if this one also fails, he will be out of business. I’m confident he won’t let this go down.
25.2. SSingh| Link| Bookmark|
February 13, 2023 7:41:21 AM
IPO Guru (1400+ Posts, 800+ Likes)
So many past companies by the same LM are now trading in heavy discounts. I am not interested in taking any sort of risk here. A lot of better options available! Company is also not that great. So overall a clear avoid for me!
LMs role is upto the listing. Post listing, it depends on company’s own performance. My view is also limited to the listing.
One more important point, if you pick any sme ipo with less than 5cr issue size, you will see more than 95% have opened in premium on listing. I’m also inclined towards applying because of small issue size.
I will also avoid HNI Applications....will apply Retail in family accounts only
17. ipo share| Link| Bookmark|
February 11, 2023 9:21:18 AM
IPO Guru (1600+ Posts, 800+ Likes)
Revenue growth is good but PAT is fluctuating. Valuations are on higher side. The most discouraging aspect is past performance of LM. Except one SME - Virtuoso Optoelectronic, all IPOs have underperformed. The most disgusting was Moxsh which destroyed the capital of investors on listing itself, that too despite good subscription. Market Maker is also new one. All these aspects doesn't give confidence to apply here.
16. sprint| Link| Bookmark|
February 10, 2023 6:36:50 AM
(200+ Posts, 100+ Likes)
Gayatri and Lead reclaim both are into more or less same rubber based sector, then what is your take on this, whether apply Lead reclaim or buy Gayatri currently?? Views are welcomed. Thnx
16.1. SamJos| Link| Bookmark|
February 10, 2023 11:44:08 PM
Top Contributor (500+ Posts, 100+ Likes)
In dd sir language, both can't be compared apple to apple. Gayatri performed more than subscription or listing expectations, but same can't be told about this ipo. Also blocked money will not be available for next (floatglass or tyres) ipo. One good thing is that it appear better than concurrent tea ipo.
Yes..saw results an hour ago... definitely not happy, but considering inflation and depressing sales in all sectors , slight drop is expected. I'm also holding some and the announcement of new products should be a pleasant news in short term. It'll be hard for elin to cross 200 again. I anticipate a downside of 5-10%.
Sbi holds 7% in total after market acquisition on 5th jan 2023. The reason why sbi is investing is the client base of elin, https://www.elinindia.com/clients/
Pritika engineering invested 7 cr in meeta castings. I don't understand if it's a good news or bad one, as i couldn't find the website of meeta castings. I would say..invest only when results are out. Keep tracking.