Prataap Snacks Limited IPO Message Board (Page 32)

GMP 227-247
Application 300-350

Fully priced ipo. I am not applying

Finally SBI ASBA SHOWING PRATAP IPO
After Completion of SBI LIFE IPO

Prataap snacks limited ipo kaisa ha. purchase karu ya nahi. listed kitne per ho sakta ha
any idea

ppl who are saying to avoid ipo..wat else can u sxpect more rather than it getting subscribed 35% on first day iteslf..Bidders r not blind ppl to waste money..so shut up n apply wit full force

i m not applied sbi & prataap ipo ,only one reason karvy handling those IPOS''
if i apply ,i wont get attotment .because karvy doing fraud.why sebi has given rights

i applied 2 ipos last 3 months.still not got allotment.do you know that KARVY BANNED IPO HANDLING IN 2015 .SEBI HAS GIVEN PUNISH TO KARVY SINCE 1 YEAR.ONE YEAR COMPLETED .SO KARVY IS TAKING IPOS.PREVUIOUS BROKARGES LINK TIME ,AND OTHER BROKAEGES
GOOD.I APPLYING SINCE 2 YEARS.ALMOST I GOT ALLOTMENT

agree sir something seem to be wrong with this registrar.I do have similar experience

SBI BANK DON''T SHOW PRATAAP SNACKS IPO ON SBI ASBA

you are absolutely right it is not available at SBI

Yea diamond chips mast CHAKNA ka item...weekend me jitna khoogey utna prem baadega..
Issleya bolta hu enjoy weekend wit Diamond n Beer...

SBI ke ASBA mein aaya? U want to apply

I*

I too did not find this in SBI ASBA

what is selling price for applicaion of prataap snacks?

who is the valuer of Prataap? totally drunk. asking 200x P/E Issue price is too high.
No doubt company is growing from last 4 years appx 30% / 25% / 35% / 20% from 2013-14 to 2016-17.
but if u see PAT, its decreasing in 2016-17 -64%
Debt equity ratio is 0.3 its very good

I thnk should be avoid because company is growing and profit is decreasing and issue price is too high (200x PE)

Expensive issue, price on higher side, high PE ratio but one can apply who may take little bit risk and/or decide after good subscription figure (QIB & HNI) on last day around 2:45pm.

So let''s wait and watch........????????

.

will decide on the last day, last hour

think , do your calulation assess you loss or profit then apply

Prataap Snacks IPO:
Premium offering for a consumption growth story
Indian snacks industry is a secular growth story aided by demographics and changing food habits. There are a limited number of players riding on this theme and Prataap Snacks appears to be in the “right place at the right time” but not quite at the right price.
IPO issue size and usage

Prataap Snacks’ IPO (size: Rs 482 crore) consists of a fresh issue of up to Rs 200 crore and an offer-for-sale of up to 3,005,770 equity shares. At the upper end of the IPO price band (Rs 938-930), offer for sale amounts to Rs 282 crore. Post IPO, stakes of Sequoia Capital (61.8 percent) and founders (31.1 percent) would stand reduced to about 48 percent and 23 percent, respectively.
Risk factors – low profitability compared to competitors

The company is focusing on a market share maximization strategy which though has worked well for topline growth may not necessarily result in similar earnings growth in near term. Its presence in tier 1 cities and the product share in the premium segments is minimal and would take time to scale up. Volatility of raw materials (69-74 percent of sales) and sourcing strategy is another factor which can lead to variability in earnings.

Valuation: expensive bet on a high growth company

Based on earnings multiple, valuations are rich. Even if we normalise the earnings of the last fiscal year as per margin profile of FY16, P/E comes to be about 53x which is in line with the FMCG sector average.

However, for a company in a steep growth phase relying on increasing market share and establishing its manufacturing and distribution network, a look at P/S multiple would be relevant as well, in our view.
Compared to its peers, DFM Foods, in particular, Prataap Snacks'' implied price/sales multiple is at a discount. While at the same time, Prataap Snacks’ cash flow generation (from operations) is at 38 percent CAGR (FY13-17) vs 11 percent for DFM Foods.

Given the well-established manufacturing capacity backed by pan-India presence through its distribution chain, IPO offers participation in the volume-led growth of organised snacks industry. Long-term investors can benefit from this proxy of consumption growth story in the hinterland.

those who are saying avoid will apply with full force,this issue will also get high subscription

wrong!! on the other hand those who are asking to apply will avoid issue with full force. single digit roe, such low margins and they are asking 200 pe ? what are they selling here? shares or potato chips?

PRATAAP subscription data???

Should I buy Prataap IPO?
I already apply SBI Insurance 3 lots and SBI Insurance for Shareholders 1 lot
I lost chance in Capacit IPO

Dont believe the retails subcription...they are gone mad...just see HNI and QIB later decide if you have heavy itching

SBI online ASBA and PNB bank not showing pratap snacks ipo

not available on SBI ABSA. WHAT to do for pratap bid

The listing name is DIAMON for pratap snacks ltd that''s why many people say not showing I think !!