M.V.K. Agro Food Product Ltd IPO Message Board (Page 2)

2/4 details . This never happened with other IPOs.
Good or bad 🤔

kya kiya aapne hold kar rahe ho?

Yes holding it as could not sell in pre open at 10% discount .
Let's see

Allotment out i amnot allotted 2 retail applied all the best all

Mas Service ltd site says, allotment will be out 2mro, not today..

Good one @Rakcyt, I wish admin gives more option to express, not just thumps up on comment.

​@Dhiraj Ramchandani I got it, that may lead to tug of war between members however we can use from our Android phone app in reply
eg , 🤔👍🔔🍌👎👎😊🙏🍑🍓....and so on.
Hahaha

Bhaii aaj hi aayega allotment just wait ..okk

Sir 80 percent is gut feeling and 20 percent bcoz of its ethanol production plan let see.

Understood, lets hope your gut feeling is good

GMP is not moving since many days, if not going up, it is not going down too. Somehow, this is a good sign, but again, we know how this is operated manually and things can change in fraction of seconds..

I applied 4 retail lots now very afraid.

What to do.. ?

Relax. Retail is 13 times oversubscribed. So, the more likely scenario is that you don't get any allotment. Even if you get allotted, there is no guarantee that the listing will be at a discount. Just consider it a lesson learnt for the future.

aapko ak bhi lot laga ?

@Mamu

letest GMP
Or

Kya khela hobe????

No one is interested actually as volume seen very thin

May be 1 buyer - 3 seller

Since evening no trade was happening.

Thank you @MAMU for that information; I have applied in retail 2 categories, purely speculation based right now, my strategy is to exit on listing (expecting flat to minor positive) if allotted.

In my opinion it will list very good and will go with good returns ahead ....so people who will be allotted just hold ...baki public choice..

How are you saying brother?

Today I will not able to sleep due to this yesterday I just jaw finanacials and gpm at a glance only and applied
Now today due to high valuation, high debt.. And lm listing history I in stress

​@Kamal want to learn share market: Is this based on your gut feeling or you have any analysis to support your stand? Genuinely asking, as I have applied, and will sell on listing if allotted.

My personal view, based on speculation, is that it shall not list negative; whatever listing it will have from flat to minor positive, I will exit.

If you have more data, which support your stand, please share with us

Skipped...

​@GrayIsTheNewBlack @Noorul @newgen consultancy @PLAZA @MAMU @KING VINOD What are your views on this?

As already cautioned that Have no trust in market maker निकुंज

​@PLAZA Ji totally agree, anything above 50 cr without QIB is one red flag for me.

Skipped this one .

Not applying. Exhausted all funds in Mukka.

Skipping..

AVOIDED...

No anchor investors, no Qib
Even a 45 cr sme ipo are having anchor investors but this one doesn't even a QIB quota.
Even if it list in premium it will be hard to manage for MM on listing day.
People who are sitting on huge profit can definitely take risk in this.

I like to buy stocks for the long-term, so I am not put off my the poor LM track record, low GMP and large size for a SME without any QIB. However, it is difficult to get excited about the fundamentals of the company. This is an old school sector with significant government regulation and low pricing power. Why put money is this risky bet when established companies with long track records are available at cheaper valuations ?

Going to skip this
- Asking price is fully pricing in the Ethanol plant already; ETA for construction is Dec '24, so revenue & bottomline goodness will only come in FY'26. Total plant capacity is 30 KLPD, which translates to around 50-55 Cr annual rev, not needle moving when you factor in typical multiples in this space.
- There are over 25 listed peers in sugar industry, most with Ethanol plants. Barring 1-2 of them, they all trade at <1x sales and <15 PE. At the asking price, they are already valuing the Ethanol plant revenues fully kicking in, plus regular sales growth.
- There is also risk of govt regulation (they arbitrarily banned production of ethanol from sugarcane and then unbanned a week later).

Not enough short-term upside in my view

Oof what a bad listing. Hope people are able to exit. This is risk with SME when asking valuations are ridiculous.

As of now, I have decieded to skip this IPO due to following reasons :
Negatives :
1. Poor listing day record of LM.
2. Huge free float in the market Rs. 65 crores with Retail & HNI (No QIBs).
3. Poor HNI subscription (below 1 time), upto day 2.
4. HIgh retail subscription (abobe 5 times) upto day 2.
5. Practically no GMP buyer, as of now.
6. Average financials. Aggressive pricing (seeking MCap of Rs 185 crores for an annual profit of Rs 8 crores).
7. In SME, anything is possible on listing due to "setting" but what is the need to take risk if other better options are there?

Positives :
1. Average Financials.
2. DD Sirs "May apply" rating.
3. SME IPO boom.

We should be ready to change our mind at the last moment if there is any movement in GMP or abnormally high subscription in HNI category. As of now, its a pure avoid for me.

Thanks Sir. For Your Reply...I am also learning lessons every day in Market...I Will Hold for Some Time...and then decide further action...

Thank you Mr Gupta
I was about to apply in this sme. After your skip advise, I changed my mind and skipped the issue.

Today, I see that it has already eroded one third capital. Thank you, keep the good work going.

Applying for targeting two lots only
it may not list in discount