Paradeep Phosphates Limited IPO Message Board (Page 9)

In my opinion, in retail category, everyone will get full allotment, as final total subscription will be below 1x mostly considering everything. Means whoever applied for 5 lots will get 5 lots and whoever applied for 13 lots will be allotted 13 lots mostly.
For HNI anyways its full allotment for everyone, whatever amount they applied.

@lokesh @ MRavichandran , thanx a lot for your opinion.

As i mentioned already, its 100% full allotment in retail too.

Today accepted mendate for 1 retail application.

Let's hope for the best.

1 Shni.. 2.5 lakh for a view of 6 months to 1 year. Will accept the discount listing with open heart . Fertilizer as a Space has lot to offer specially in a country like India where farming is considered as a Back bone of economy..

Not expecting a big downside after listing like Rainbow becaz in this counter no one is playing blind and no body will get truck load of allotment.. only real investor without thinking of listing gain are participating.. hence less selling pressure.

@MRavi sir : all the best here to you for your big allotments here....lets hope it lists positive, no idea about sustaining that or not.....lets hope markets will hold 16K levels now till its listing :) you may try selling partial allotted shares if listing is positive to reduce risk for short term, as per your actual allotment desire.

@jetha lal: thanks....Even i also keep applying still ;) but i am just giving my view/info/possibility, which are unbiased of my own application and important thing is to decide when to exit after listing. Anyways mainly we all hope for positive listing only with some initial profits too, once we apply.
And after listing too, if sometimes share not performing as per our expectations then just because i am holding that, i don't say others to hold but better is to have some stoploss or book profit/loss soon, as per that time market/share sentiments. That's why i sold most of recent allotments when not performing to book profit overall. Controlling emotions of attachment to holdings is very crucial in share market which i learnt with time/experience. We should be able to act when something is not performing as per our belief, instead of being stubborn and keep believing, else i wouldn't be able to sell paytm/cartrade/gls with lesser losses and zomato/nykaa/policy bazaar with good profits.
And if we are convinced with some company for longer term, than we can buy again later too at lower price or look for other opportunities, instead of being stuck for long time and then keep hoping. I too got stuck in many small-midcap shares during 2017 year end bull run and got leanings along with losses :)

@lokes,
Thanks. As you said, if market stays above 16K, it may list little positive 🤞 (I will consider your suggestion), also I feel this could be a good bet for long term (I dont have much investment Agro related sector, that was also one of the reason applying big here)

Thanks

Rainbow 582
💃💃💃
Lagta he result ke pahele hi issue price aa jaye

@krupa ji.
💃💃💃
482*
😆😆😆

Sorry
Typo
482
Hope 582 bhi jaldi aa jaye

Need to give close above 573-4 in hourly charts. May give ascending triangle breakout in coming days.

Dear ones, yesterday I applied 1 lot using UPI.
Pls advice whether to accept the mandate or ignore
Ur responses are much appreciated

i am in same position as of u,, I.ll accept lets take a chance

but this time i'll go with SL, already in loss in rainbow and few others

Finally i am accept mandate of all 4 retail application
Disc-Holding for at least 3/6 month view for 30% return

Doodh ka jala chaach bhi fook fook ke pita hai #lic #rainbow_children

LIC short karo..paise banao...i did it twice and recovered my current losses from 4 lots. Risk hai toh reward bhi hai..✌️..if you believe it will go down...short the stock

Lokes ji

Pls guide about Upi application for Shni and BHni

UPI applications can be done from some brokers like zerodha and edelwesis etc whoever allowing, for HNI category too, till 3.59 pm time, with application size limit upto 5 lakhs amount, since upi limit is 5 lakhs now in most banks.

BHNI as starts from above 10 lakh amount, so there is no possibility of upi there. That has to be applied via bank asba only.

Not good subscription... But still applied from 9 acc

Applied one SBNI and 8 retail app

Promising sector with sound financial numbers, good track record, debt is a concern but can be ignored if we see on a long term perspective. Applied in 5 retail accounts, hopefully will get 5 lots as NII is under subscribed.

What is application wise subscription im retail?
I applied for 5 lot thinking that final retail sub would be less than 1.
Is there any chance?

I wanted to get 14 lot but not applied because of advice of 1-2 expert here but it's have "attractive fundamentals". Let's see what market shows.

Considering today's thrashing in Stock Market, many retail investors may not approve their UPI mandates. Due to this plus technical rejections, the final figure in Retail category will be quite less. You have good chances.

@antarix okay thank you

Today it was very hard decision from me to avoid this issue as the issue price was very attempting. The fundamentals of the issue was also good but the Market conditions was too bad to avoid the issue. But the applicants who have applied this ipo may not suffer in the long or even short term. We hope that by the time Market will also recover and Listing of this also positive.

@Avenue .. Ok... But my UPI limit still 1 lacs.
And I am using Upstox . Groww also limit still 1 lacs.

GMP 3

CHAMBAL FERTILISERS & CHEMICALS:
Q4 SL NET PROFIT 1.94B RUPEES VS 1.65B (YOY); EST 2.84B | 3.25B (QOQ)

Poor Results of Chambal fertilizer on the QoQ basis. I will accept my UPI mandate based on market reaction to Chambal Numbers tomorrow.

Assumption - Paradeep will also post down results on similar lines. Hence, I'd rather add it post results.

4th Qtr result is usually not good for Agrochemical and Fertilizer companies.
2nd and 3rd Qtr are best quarters.

Applied 1 HNI and 5 Retail for Long Term View

Accepted Mandate for 1 lot no matter the outcome of listing..

@lokes...i already know that...i just never tried it for under subscribed IPOs...

Applied 2, accepted 1 Mandate, Forgot 1 Mandate, Got 1 . 100% score.
Due to market fluctuation and news of another RBI rate action I totally forget to apply for eMudhra... May be we can get near IPO price in secondary market.

IPO closed:
QIB* : 3.40
NII : 0.86
RII : 1.44
Total : 1.88
*Ex Anchor investors
Total No. of Application: 4,11,565
Tepid response.

After carefully going through the RHP, there are a few points that concern me :
1) With such high debt in their books, they have invested heavily in Mutual Funds. Rising inflation, rate hikes and slowing demand will put pressure on high debt companies. I can't understand why anyone would take such huge debt and invest in MFs when you have an established business operation.
2) A look at the Goa unit financial statements show a gloomy picture. Negative CF from Operating activities for the past 3 years and now Paradeep is going to acquire it wholly from its promoter. Part of the fresh proceeds will be used to finance a loss making unit.
3) Negative cash flow from operating activities of Goa unit for the past 3 years which is on account of sub par margin is concerning.
4) Contingent liabilities is more than 270 cr.

Promoter conflict of of interest is somewhat a thorny issue.
I expect Goa unit to fare better once operation normalizes after complete acquisition. An IPO which was looking so good from the cover is somewhat rotten inside. Only multiple of P/BV seems attractive as we can't rely on PE ratio completely as the company seems to lack focus. Goa unit will surely dent PE along with high interest cost which is probably the reason why they opted to price the ipo near the NAV.
I will go for a few applications in retail just to gamble but will steer clear of hni as the current market condition is not favorable to high debt companies.
The biggest red flag is the fact that they have borrowed heavily and invested in mutual funds. It absolutely makes no sense and it shows the mindset of the management/promoters of the company.

GJ 😀. No one would invest in MF by taking debt. Did the same MF where these people have invested, apply in this offer ? Or did those MF invest in the LIC offer where one of the exiting Paradeep promoters was the selling stakeholder ?

In any case, investors want to invest in their core, fertilizer business. They can invest directly with mutual funds of their choice for their market participation needs.

@GJ Scenario 1 doesn't seem to fit well considering the fact that they are using ipo proceeds for - Part-financing the acquisition of the Goa Facility and Repayment/prepayment of certain of our borrowings. If they had idle funds, they could have done so without the ipo proceeds. It is somewhat contradictory.

Scenario 2 seems possible but it could also be that the promoters are reckless and want to earn quick money from the market.

Applied with FF.....get maximum Allotment for Long term View.....