Maiden Forgings Limited IPO Message Board (Page 5)

This should be listing with 1% to 2% premium only.
Going FF with USK Infra as it’s much better and can easily give 25%-30% listing gains.
🙏🏻

FIX 1212
IN AHMEDABAD

No gmp and no subject 2 Heared

NEW NSE SME - MOS UTILITY - Final Date 31/3 - 6/4
Fresh : 57.75 Lakh Shares
OFS : 8 Lakh Shares
Total : 65.75 Lakh Shares
RII : 35%
LM : Unistone
Registrar : Skyline

https://www1.nseindia.com/emerge/corporates/content/MOS_RHP.pdf

NEW NSE SME --- SOTAC Pharma --- 29-3 ( 29 TO 3 )
Price Band : 105 - 111
LOT : 1200
1 Application Amount @ Cut-Off Price : 1,33,200
LM : BEELINE

Why GMP not started??

Out of topic

Update in Chaman Metaliks

Chaman is now subsidiary of another company.
Any significant effects of this?

@Gaurav bhai
Again on same track
Chaman down 3.5% today

Chaman ek din up to 4 din down.... aise kese chalega.

Profit in 2021 and 2022 is 1.68 and 2 crore, but nine month profit is 6 crore, it is suspicious.
Expert please elaborate it.

According to the management, after the static performance for the last three fiscals, the company reported bumper profits for 3Qs of FY23 following diversification into high margin product mix of carbon steel, and alloy products and has shifted its focus on such high-margin products with planned expansion going forward. ( Source-DD Sir's review)

While analysing PAT, one should also look at EBIDTA. Last 2 fiscals, the Company had generated EBIDTA of around Rs. 13 crores. As per Company, there was loss of nearly 3 months sales/production in each of these fiscals due to Covid-19 and if we adjust the loss of profit for the fixed expenses for these months, normalized adjusted EBIDTA could be considered to be around Rs. 16-17 crores, which is in line with 9 months EBIDTA this fiscal (9 months) of Rs. 17.62 crores. At PAT level, in addition to fixed expenses, impact of 3 months interest/depreciation during Covid period also is there. So Rs. 17.62 crore EBIDTA generated in April-December 2022 seems to be reasonable and in line with past performance and one can assume this to be sustainable. With Company having invested Rs. 8.5 crore in new plant for export oriented specialty steel products, this should add to the top line and profitability going forward. Further IPO proceeds are proposed to be used for further expansion.

Out of topic

2nd IPO Devolved after Patrom Exim Limited SME IPO in 2023.

This issue 'Sudarshan Pharma" was also Devolved (Under subscribed) for valid application as per BOA and LM as underwriter has to subscribed for 4,22,400 equity shares worth Rs. 308.35 Lakhs from there own pocket 🙏 to save the listing and sail through.

A big setback for Merchant Banker's to do IPO's like this.

Hope Merchant Bankers will be more cautious while choosing the company proposed for listing in near future.

SEEMS GOOD BUT BORROWING ON THE HIGHER SIDE . PROFIT MAKING TRACK RECORD

Company has good book networth of around Rs. 40 crores. Borrowings seems to be well supported by the assets and revenues and seems to be reasonably priced indicating good financial health of the Company. The book networth does not take into account the current market value of the properties owned by the Company, which are significantly higher as compared to book value (Rs. 60-70 crores additional upside in networth as per Company's estimates). As per guidance provided by the Company, it is in process of consolidating two of its existing production facilities into one larger facilities and expect to use part of surplus cash resulting from sale of production facilities for pairing down the borrowing.

High debt is always consern. As per market conditions avoid

Not a good time to even look at SME IPOs it seems. Market is bleeding heavily!

Better to keep an eye and apply ONLY if:
1. Valuations are good.
2. Financials are genuine.
3. Broader market is okay, if not good.
4. Subscription figures are encouraging.
5. GMP is atleast 30% (10%-20% GMPs vanish in no time).
6. You can afford a loss of 20% capital. This is most important as you must be prepare for the worst. Specially if you are preparing to apply in Retail category and have limited funds.
7. Company is a leader in its segment (Strong Moat).

That’s it.

Keep watching and take action as per your risk management.

Jai Hind. 🙏🏻

SME IPO ke yatrigan kripya dhyan de..
Sabhi gaadi (SME IPOs) ek jaisi nahii hai.
Kripya sambhal ke chadein…
Kuch gaadiyan TEJAS hai jinme utarne ka mauka bhi nahi milta…
Bahut soch samjh ke ticket (IPO me apply karein) lein… Kuch gaadiyan aapko station se utha ke YARD me daal sakti hain..
Sachet Rahein, Savdhan Rahein..
Jain Hind!! 🙏🏻

pricing must be reasonable..

profit margin thin

revenue continuously growing

extra jump in revenue nd other financial in quater ended december 22 surprising....

Prima face company looking good

Lets not be over excited and be very cautious in these times, companies comes to public when they need money and most of them when there is hardly any juice left also showing super earnings and asking highest possible premium on shares. Those who have been active on CG forum know this very well.
Also Metal dealing stocks are in bearish zone.. And US problems still haven't subsided.

My advise. Tread with caution. 🙏

Chaman and earthstahl ka haal hi dekhlo.

Experts Pl comment on the forthcoming IREDA IPO Can some resourceful analyst write details of this IPO

I have given full details in Udayshivkumar Infra in main line IPO section. This is a NBFC for finsncing of RE and EE projects and is registered with RBI. Selling Govt. stake and issue of Fresh equity in next financial year 2023-24 through an IPO.

Stable Financials and i am expecting this will going to get good response from all categorries

IPO from Share India Capital LM after 4 years.

Lot size - 2000

Price will be in btw 50 to 69 as per lot size.

It's bit surprising to see the lot size before the price announce. I don't think this has happened in past. If this figure of lot size is confirmed than upper price in price band wii be below 75. I don't
remember application amount of 1.5 lakhs or more than that in SME. Mostly it is 1.44 lakhs as maximum and 1 lakhs as minimum. Here I am doubtful about lot size. I am expecting lower lot size and more price band.
Otherwise the price band can be expected between 65 to 72 or so. Let's wait for announcement. Till that time everything is in air.

@suraj sir

very good prediction sir

official price band 60-63....

Bookbuild IPO