Personally applying here to pick up a couple of lots - don't see much downside, and there's 30-50% upside (depending on H2 results vis a vis a simple comparision with Chavda).
For a 3 year old company, their PnL & balance sheet are excellent, and Q4 is usually the best qtr in this sector. May need to hold for results.
Looks like QIB are even more FOMO than retail and wait for other QIBs to come :)
@rohiitian Yes you are right and I am just purchased Chavda some days back but this co has cheaper valuation... Also I have read somewhere that Mason have order book of around 500cr
Question- if I have money for one SME then should I apply for Mason or Petro Carbon which is closing tomorrow?
19.2. rohiitian| Link| Bookmark|
June 26, 2024 3:04:18 PM
IPO Guru (1200+ Posts, 800+ Likes)
Mason will be 30-35x looks like, while Petro will be 100-120x. So you can take a call accordingly. Im just going with retail in Petro, have gone FF here & some amount in Sylvan.
My expectation was close to 7000 Cr will poured into todays SMEs. Actual figure though is slightly lower 5600 Cr. Assuming 11000 Cr to be the total base - 5400 Cr still left in the bank.
I feel Petro may go close to 200x, Divine 500x+, Money Fair may lag behind with 100x.
@rohiitian - positive on Allied ? Even though GMP is high and stable, I'm not sure if listing will meet the expectations. Valuation wise it does look expensive, but Indian market in general is on steriods and ignoring the valuations for now. A lot would depend on how QIBs would play tomorrow.
19.10. rohiitian| Link| Bookmark|
June 27, 2024 9:48:19 AM
IPO Guru (1200+ Posts, 800+ Likes)
@GrayIsTheNewBlack Yes fairly positive. It's cheaper on EV / EBITDA basis than peers (by 35-50%). And they have room to grow EBITDA % (and have explained that well), so people who take a bet by valuing it even at peer-level EV / EBITDA can still see good upside in the long term.
Hey @rohiitian - I was opening the ICICI account today. Had a query, on allotment does that FD break or you transfer the additional funds in the account to ensure it doesn't break ?
19.12. rohiitian| Link| Bookmark|
June 27, 2024 1:08:10 PM
IPO Guru (1200+ Posts, 800+ Likes)
@GrayIsTheNewBlack I usually keep 5-6L in my savings account for regular use so it circulates from that. But yes sometimes when i get big allotments (eg. Voda, or some multiple lot ones), or many allotments within few days (rare as that is), that allotment amount excess will break from FD. Bulk of FD anyway remains untouched.
@GrayIsTheNewBlack If you do not have sufficient balance in Sav Ac then recently created FD breaks on allotment.. So, on allotment just transfer the needed funds into that Ac..
@rohiitian , @Vimal Garodia - Even after telling multiple times ICICI bank sales rep has updated my PAN card in my sons minor account. Any idea how difficult it is now to update to his PAN now ? To be honest banking industry is filled with incompetent idiots in India, bas insurance bechna aata hai inn logo ko.
@rohiitian - Attended your space yesterday, it was really good amazing speaker you are. Btw, aap to finfluencer ban rahe ho :) Anyways keep up the good work.
Btw, some of the suggestions by people on 90% rule are just hilarious. Like allow only retail to buy in pre-open or allow just one lot in pre-open. This is just one way thinking about the 90% listing candiates. If such rule is implemented SME listings ke lag jaayenge.
19.17. rohiitian| Link| Bookmark|
July 7, 2024 3:16:21 PM
IPO Guru (1200+ Posts, 800+ Likes)
Not becoming influencer, just trying out a new channel :)
Agree, the thing im most worried about is liquidity. Can't force one categorry to only sell to that category. BSE listings have been a big source of wealth destruction so i dont understand why NSE chose to follow the lead there. Could have atleast tried something new.
@GrayIsTheNewBlack When they open the account, most of time, they update the parents PAN, later next day only, you can submit a phyiscal form at branch to update the PAN to minor. I got it done next day, it was updated in 24 hours.
18.2. MuStrFc| Link| Bookmark|
June 26, 2024 4:49:16 PM
IPO Guru (2900+ Posts, 2200+ Likes)
Both of you are part of the lottery on your own with the 2 accounts, but i doubt you will be alone in that lot category. So good chances exist for allotment, but not confirmed.
6.1. MuStrFc| Link| Bookmark|
June 26, 2024 12:24:58 PM
IPO Guru (2900+ Posts, 2200+ Likes)
Ask price is high considering other peers, order book and revenue visibility is there and will get boosted once those completion certificates are sorted out. Margin expansion is visible. Might not bust immediately but can grow decently and do good post listing. @colcol
6.2. colcol| Link| Bookmark|
June 26, 2024 12:50:31 PM
Top Contributor (400+ Posts, 100+ Likes)
Thanks @MuStrFc . Are you applying here ? What is your order of preference for today/tomorrow ? Shivalic and Divine Power seem the only obvious subscribes, but they are both going to end up massively oversubscribed. One of the reasons I applied for Stanley was that the alternatives today didnt seem much better.
6.3. MuStrFc| Link| Bookmark|
June 26, 2024 12:59:04 PM
IPO Guru (2900+ Posts, 2200+ Likes)
Yes, applying in this one. Order for today
1. Shivalic 2. Sylvan 3. Mason
Most likely skipping Visaman.
Have kept some funds reserved for Divine and Petro tomorrow and might utilise today's refunds if not allotted and unblocked in time. @colcol
6.4. colcol| Link| Bookmark|
June 26, 2024 1:06:56 PM
Top Contributor (400+ Posts, 100+ Likes)
Thanks @MuStrFc . Pretty much in line with my thinking, though might flip allocation between Sylvan/Mason based on subscription. For tomorrow, Petro has some big red flags - 10xish jump in profitability on flattish revenue, full OFS and Kolkatta based company. Not sure how genuine the GMP is.