One may take risk here, if they don't have any issue with non veg.
1) Apply Rating by DD sir. 2) LM performance is good (technopack also doesn't have any gmp, but listed well, perform good post listing as well. 3) good allotment chance.
I visited their Outlet yesterday. Very well maintained, good products, felt like visiting foreign outlet. The concept is high on rise outside India, it should follow soon here
Good promoter holding post listing, decent and consistent growth, Gujarat company, decent LMs past performance, apply rating by DD, valuations are also attractive for a retail business (20 PE) - (market gives high PE to retail businesses eg. Dmart 100 PE, trend 200 PE, vedant fashion 75 PE)
kya bolti hai public... first one to identify it as a dark horse
9. YBPK| Link| Bookmark|
June 23, 2023 11:46:38 PM
Top Contributor (200+ Posts, 700 Likes)
PBT margin has remained flat, 5.5% to 5.3% even though cost of material consumed has gone up from 69% to 72%, partly due to lower finance cost, other expense and tax provision Jump in inventory has skewed cash flow of 22-23 As on 31-mar-23 value of stock as per accounts and as per statement showed difference of Rs 140 lacs(almost 60% of PAT). This was rectified be correcting value of stock in accounts (in other words, stock write down). . Pre-ipo placement of 236,000 shares done in March 23 @ Rs 65 Promoting own brand RF Gourmet will provide higher margin but will require sustained brand development investment. Current share of own brands sales out of total sales is not known Estimated 23-24 sales of Rs 80 cr based on working capital projections. Limited history of LM, last issue Sealmatic opened softly but later on provided handsome returns
8. PLAZA| Link| Bookmark|
June 23, 2023 9:09:44 PM
IPO Guru (2400+ Posts, 1300+ Likes)
Avoiding this one again
8.1. Kami| Link| Bookmark|
June 23, 2023 10:37:21 PM
Top Contributor (300+ Posts, 100+ Likes)
Sir please share reason
8.2. PLAZA| Link| Bookmark|
June 24, 2023 12:01:03 PM
IPO Guru (2400+ Posts, 1300+ Likes)
NO GMP and other avenues are available also
7. G profit| Link| Bookmark|
June 23, 2023 6:37:40 PM
IPO Mentor (1200+ Posts, 300+ Likes)
Again a company with controversy of non-veg items with vegetarian. Better not to go in deep. They are selling frozen one. Choice of individual. I am avoiding because lot of issues are in que one after one. So better choice is there for having limited funds.
At first glance, what I liked in the financials is that there is consistent performance and steady growth, no apparent window dressing ahead of IPO.
Magson is a decent brand with expanding number of outlets in Ahmedabad. You can get imported and exotic chocolates and biscuits which are difficult to find elsewhere. Non-veg component is also there, but as far as I have seen it is only frozen seafood, mutton and chicken.