R R Kabel Limited IPO Message Board (Page 43)

RR Kabel Ltd GMP 222 ~ 230 @ 10pm # 11 September.

Gross margin vis-a-vis peers depicts which one has pricing power in the industry.
Polycab & KEI 25%
Finolex 21%
R R Kabel 18%

Net margin(Q1 FY 24)
Polycab 10.2%
KEI 6.8%
R R Kabel 4.7%.

FY 24 P/E multiple:
Polycab 45
KEI 40
Finolex 33
RR Kabel 36

It will be uphill task for this company to expand margin and go near to leaders in this segment because around 70-80% cost of these companies are commodity prices of Copper, Aluminium etc and mostly these are not in control of these companies.
Margin and growth are major factor for valuation difference between companies in a sector. R R Kabel will never get P/E multiple of Polycab.

1.JSW INFRA to get SEBI nod in this Week
And To float IPO soon

2.Updater Services also to get NOD soon

3.TATA TECH had started campaigns
And Meeting with FII's
Can expect soon

4.Agilus ( SRL ) Diagnostics to soon File DRHP

5.COGENT E SERVICES in talks to file DRHP again

6.One more Highly Loss Making company
Signature Global Real Estate planning to raise
Followed By Plaza Wires

So Good Action in Primary Market to come

Updater Services Gets SEBI nod
Already informed Yesterday 🤘

​@SKalyan Valiant Laboratories IPO may have shareholder Quota
Parent : Valiant Organics

Even after Revenue increasing at 27% from last year, PAT Decrease by 11%,
Kuch to gadbad hai daya....
Seniors plz through some light on it..

Thanks in advance.

FYI for SGB

Gmp 225

​@newgen consultancy your views on rishabh instruments? have you applied? what to do with it?

should hold it at cmp?

Can hold but Keep funds ready to average out if it falls ( Low Chances of Falling)

Are Bhai Kuch IPO October Ke liye bhi rakh do....😁😁

loha garam hai isliye company apna haath sekh rahi hai. Kya pata october me market ki kya halat ho.

From RHP
-So their ebitda margins have slipped from 9% in 2021 to 6% in 2023. I was wondering why declining margins, with increase in sales & volume?
Gross margins are 21% in 2021 and ~18.5% in 2022&23
Their Network of retail has been increased from 30k in 2021, 58k in 2022 to 106k in 2023,. Doubling every year !! Quite aggresive expansion of touchpoints.
In general ,Business-->Dealers-->Retail outlets-->Customers.
For dealers & distributors,company provides discounts to attract them.

I just hope that they are not "stufffing distribution channels" (upto retail touchpoints) , this doesnt get converted into customers.
If above is the case , this could explain increasing sales&volume but declining margins.
I could be 100% wrong. I just tried to find some explanation of kpi's. Please point me if imwrong somewhere.

​@KPCT  &

newgen consultancy

Nice & Strong Crackers for Diwali. 😃😄👍

Yatra IPO to open on 15th Sep.

Retail 10%

Oh god how many IPOs ... Enough for september ...

NEW MAINBOARD IPO

YATRA ONLINE

Issue Date : 15-19 September
Size :
Fresh - 602 Cr
OFS - 12183099

Retail : 10 %

Pre-IPO Done at 236 Per share

FY 23 :
Revenue - 380.2 cr
PAT - No info Yet , will report soon

LM :
1.SBI Capital
2.DAM Capital Advisory
3.IIFL Securities

Registrar : LINKINTIME

IPO Officially Announced
RHP is already Filed
Available on SBI Cap Web

FY 23 ( FINAL)

Revenue : 397.4 Cr
PAT : 7.6 Cr

Expected M.cap : 3300 Cr
Expected Issue size : 890 Cr
Expected Price Band : 224-236

PE : 435

Good IPO of 1st sight
Lower Sales to M.cap Ratio than
Easy trip planners

RR KABEL Q1 24 Results

Revenue : 1597 Cr ( Against 1236 Cr )
Growth of 29.2 %
PAT : 74 Cr ( Against 18 Cr )
Growth of 311%

BTW Q1 is a weak Quarter for this Company

So My Approximations Of FY 24 Forward Earnings as inline and Almost Accurate

Why RR KABEL Has demanded such High Valuations :

1.Its current EPS is around 17.09 Rs .
And if new issue is concerned The EPS comes at around 16.85
According to Forward Earnings of FY 24
Revenue coming at 7600 Cr ( Up By 35.5% Approx)

And PAT coming at a margin of 5.5 %
So PAT comes at around 420 Cr

Demanding PE of 27.7 On Consolidated Basis on FR of FY 24
So The Company wants Us to bet on Future

The Same Happened in Aeroflex
It's PE was nonsensical. But See its Q1 24 results which I had already shared on its Page
It's Forward PE Came at 32 which was Reasonable. So it made good gains

2.We Don't have It's Q1 Unaudited results
But Anchor Investors will have that access
Based On Anchors , We can Judge those Earnings
Maybe They are too good So the LM would have Suggested to Encash it
I will try to Get Q1 results ( Only 10% Chances)
Can't Guarantee that

3.Due To Boom of Primary Market and Bug Rally of its peers like Polycab , KEI , Finolex and Others . This sector is HOT Favorite of
Foreign Brokerage Firms
Recently Polycab was Included in MSCI and HAVELLS had gained more Weitage
Also See the Earnings of Polycab
Giving 18% Growth on a Huge Base of
12000 cr . PHENOMENAL performance

4.RR KABEL Has a Strong Brand-name
But It's Distribution is still quiet less
More Presnce in Retail Outlets to Happen

Let me Share some Interesting

The Number of Authorized Distributors has almost Doubled ( 85% ) in last 10 months

Samajh Rahe ho Binod

It's Replacing Brands Like V-Guard , KEI and Even Finolex Due to Cheap rates and High margin to Retailers
So they have a comfort to Give A good % of Commission to Local Electricians
So It is a Preference for Localites

So Good Growth Outlook and Margin Expansions To be seen

I haven't studied Deeply But will Soon Do it
Will share anything if is Important to be Disclosed

# Happy Investing

Screener has uploaded latest result

I think chittorgarh should include one info below ofs is how much from offer for sale Private equity is offloading @Admin @ Chittorgarh.com

Kotak Mahindra Bank

260-270 GMP downtrend⏬

150-160⏬⏬

Congratulations on success of
G20 SUMMIT,🎊🎉🎆🎇✌️
Sensex & Nifty will reach at New ATH.
Bumper stock rally is on its way.🥳💯

FYI..

Link Intime may follow T+3 for future IPO as well considering.

LISTING AND TRADING OF RATNAVEER PRECISION ENGINEERING LIMITED ON MONDAY, SEPTEMBER 11, 2023

Dear Sir/ Madam,

In connection with the Initial Public Offer of Ratnaveer Precision Engineering Limited, Investors are hereby informed that:

THE COMMENCEMENT OF TRADING OF THE EQUITY SHARES OF RATNAVEER PRECISION ENGINEERING LIMITED ON THE STOCK EXCHANGES SHALL BE ON MONDAY, SEPTEMBER 11, 2023

THE COMPANY HAS DECIDED FOR LISTING ON T+3 DAY I.E. MONDAY SEPTEMBER 11, 2023 VOLUNTARILY IN TERMS OF SEBI CIRCULAR NO. SEBI/HO/CFD/TPD1/CIR/P/2023/140 DATED AUGUST 09, 2023

Pursuant to SEBI circular no. SEBI/HO/CFD/TPD1/CIR/P/2023/140 dated August 9, 2023, the reduction of timeline for listing of shares in Public Issue from existing T+6 days to T+3 day has been made applicable in two phases i.e.
(i) voluntary for all public issues opening on or after September 1, 2023; and
(ii) mandatory on or after December 1, 2023.

As per the Red Herring Prospectus dated August 22, 2023 (“RHP”) and Prospectus dated September 6, 2023 of Ratnaveer Precision Engineering Limited (“the Company”), the commencement of trading of Equity Shares on the stock exchanges was scheduled on or before September 14, 2023. However, the Company has decided voluntary adoption of the aforementioned SEBI Circular and as a result, THE COMMENCEMENT OF TRADING OF EQUITY SHARES ON THE STOCK EXCHANGES SHALL BE ON MONDAY, SEPTEMBER 11, 2023.