192. Vasubhai| Link| Bookmark|
August 23, 2023 12:04:49 PM
Top Contributor (300+ Posts, 100+ Likes)
Anybody GMP please.
191. RPSM| Link| Bookmark|
August 23, 2023 10:57:59 AM
Top Contributor (200+ Posts, 100+ Likes)
TVS - 900 Crore IPO No Subscription from any category Fame Allotment No QIB Support (1 time subscribed) PE - 187 (Didn't see this kind of Very High PE in any companies)
GMP - 0 (Even Negative sometimes)
Today Listing @ 207 ( Premium of Rs. 10) - Issue price - 197 Who absorbed 700 cr worth of shares ???
Comparatively, Pyramid Technoplast is Very Good in terms of 1. company Perspectives, 2. GMP (Steady GMP for Last 10 days irrespective of market conditions) 3. EPS (Rs. 10) 4. PE (16x) - Peers at 25x to 40x 5. RoE 6. ROCE 7. Subscription, (except QIB - Due to small size, not participated) 8. Issue Size 9. LM record 10. PAT (Profit Improvising YoY - Last 3 Years)
Does anyone in this forum have ever been alloted SHNI in axis asba? Reason being 1. I am not allotted in SHNI ever in axis asba(since the day SHNI category started). But got allotment twice from BOB asba! 2. Axis do not have category selection(i.e. RII,SHNI/NOH etc) in asba like BOB, ICICI & RBL has.
When QIB and Big Players are not taking interest during IPO itself, Who will Buy this share in pre ipo.
There will be 50% retailers and 15% HNIs (Total 65%) share will be available for sell on listing day. As buyers can not sell this share on same day of purchase, no one will buy for trading or short term sell.
There will be huge selling pressure on listing day for this IPO.
185.1. Lokesh Chiru| Link| Bookmark|
August 22, 2023 6:56:31 PM
Top Contributor (400+ Posts, 300+ Likes)
@Marwardi: QIB has only 18 cr worth of shares offered to them (after 60% of Total QIB quota is allotted to Anchor investors , so big QIB players gave it a miss as it is peanuts for them. This IPO has 50% retail and 20% HNI quota and it got subscribed very good.
You are undermining the intelligence of HNIs and Retailers by saying they might sell their allotment on listing day (even u r part of Retail/HNI:)) and won't buy on listing day as it is trading in T2T segment. In fact they might hold on to their allotment and those who did not get allotment will buy from open market on listing thereby reaching UC.
Valuation, Growth prospects and operational metrics plays an important role in investing in a company which is excellent in this company.
Rounded off for ease:- ROE = 30% which is double/triple compared to listed peers. ROCE = 21% which is double to listed peers Debt/Equity = 0.2 which is very less compared to listed peers after using some of IPO process for debt reduction. P/E=16 (Listed peers are trading at 15 PE to 40 PE) Promoters holding after IPO=75% which reflects the confidence on company future growth prospects.
One of the anchor investor invested in Aeroflex industries as well.
Listing will definitely be positive with a minimum gain of 10 to 15% provided market does not crash.
I pray for good listing for all allottees. But I am having doubt because QIB amount is too less.
Now a days most of the BHNI and SHNI are upgraded retailers.
I am not sure how many are eager to hold for long term.
Retailers didn't even hold shares of Yatharth and Concord despite having good response post listing.
185.4. RPSM| Link| Bookmark|
August 22, 2023 11:43:36 PM
Top Contributor (200+ Posts, 100+ Likes)
Well said, Lokesh
Can anyone say ONE negative of this company? Actually it's NIL
On Day of Listing, all shares can easily absorbed by QIB's (only 70 to 80 crores worth of Shares will be available for selling)
From the known source, I heard it's going to be a multi bagger in 6 - 12 months. But not sure. Initially I too afraid. But now executed all 11 BHNI applications and waiting for allotment.
Note: Nowadays, SME are coming up for an IPO with Huge Size (50 to 80 crores) without QIB allocation. Why we need to be panic for less subscription in QIB.
Actually, as Lokesh stated - only 18 crores is available for QIB - For that why they have to fight? That's why not subscribed. Check the other issues - QIB allocation will be minimum 100 crores to 500 crores.
One or 2 QIB's came on Listing day, Continuous UC only will be there
Check. This was my concern about Pyramid. There is flood of seller due to 65% holding with retailers. Now it is stuck in lower circuit.
185.6. Lokesh Chiru| Link| Bookmark|
August 29, 2023 2:25:44 PM
Top Contributor (400+ Posts, 300+ Likes)
Still got a profit of 12% in 7 days which is decent enough if sold at opening. After analyzing RHP I believe Fair value of this share should be between 200 and 210.
Applied 5 retail applications asba but haven't received any SMS or Email from bse/nse I know it's not important but last 2 years , I have received bidding details via mail or SMS but missing it here
175. pRACE| Link| Bookmark|
August 22, 2023 6:51:54 PM
Top Contributor (200+ Posts, 100+ Likes)
just observed that few people were comparing this with time technoplast share price , PE etc. but they have not checked that face value of time technoplast share price is 1rs. but here pyramid shares have face value of 10,,,, so in that case just imagine the price difference....