Ratnaveer Precision Engineering Limited IPO Message Board (Page 17)

Tough to get an allotment

Any bank which allows online ipo application of minor ?

NO YOUR LINKED FD WILL GET BREAK WHEN YOU WILL APPLY FOR ASBA .. EX IF YOU HAVE 50000 SAVINGS BAL AND 200000 LINK FD BAL. TOTAL 2 LAC 50 THOUSAND. SO WHEN YOU APPLU FOR 200000 IN SHNI CATEGORY 50000 SAVING BAL WILL BE USED AND 1050 LACS KA LINK FD BREAK HOGA

​@RAJESHWAR There is no need to fill DOB of minor while applying thru HDFC ASBA. Only enter DP name, DP ID and the bid quantity & Price. Tick the box to Agree Terms and conditions and hit "Proceed" and "confirm".

LM has a track record of getting issues listed at par or premium
Company is a stainless steel (“SS”) product manufacturer focused on producing finished sheets, washers, solar roofing hooks, pipes and tubes.
Company’s revenue is 81% domestic while 19% is export
EBITDA margins were around 6.8% for 20-21 and 21-22 and jumped to 9.8% for 22-23. Partly explained by jump in RM sourced through backward integration from 7.8% in 20-21 to 11% to 22-23
For the last 3 years, revenue from commoditized SS Finishing Sheets segment is around 64-66 %, revenue from scrap metals is 6 – 10% other value add products is 25%. Company aims to reverse this, i.e. revenue from value add products will be 65% and balance from commodity business.
Capacity utilization in SS finishing sheet business is around 85%, washers and solar hooks in 35% and SS tubes and pipes is 55%
Working capital intensive business, over last 3 years, inventory has gone up from Rs 135.5 cr to Rs 205.8 cr, receivables has gone up from Rs 33 cr to Rs 63 cr
LT and ST borrowing over last 3 fiscals have gone up from Rs 150 cr to Rs 234 cr, presumably to finance inventory and receivables build up
Cumulative PBT of last 3 years is Rs 52 cr while CFOB4T is negative Rs 6 cr, denotes poor cash flow for last 2 of the 3 fiscals
Company has outstanding unsecured loan of Rs 13 cr from Bajaj Finance and Rs 10 cr from director / related parties. Interest rate not disclosed. Wonder why company has to resort to unsecured loan from NBFC or related parties
Company had an attrition rate of 19% for employees and NIL for labour. For manufacturing set-up, employee attrition rate seems to be high. As on June-23, company had 151 employees.
Of the 5 senior management personnel listed in prospectus, 3 are aged 60, 61 and 84 years old. While experience is invaluable, presume company has a reliable 2nd line in place.
Net block of tangible assets as on 31-Mar-23 is Rs 34.85 cr of which Rs 30 cr is plant and machinery. Company also has intangible assets (research & development) of Rs 15 cr. Given 65% of revenue is from commodity business, what is this research and development about?
Out of total receivables of Rs 63.3 cr, Rs 2 cr is overdue and Rs 1.2 cr overdue for more than 6 months. Given that company seems to be giving liberal credit, having overdue on top of that is risky.
Export incentive receivable is consistently over Rs 10 cr with Rs 14.2 cr on 31-mar-23
Company deposited PF of 138 employees for July-23 and 140 employees for July-22

As usual your valuable input is gold🙂

@YBPK sir , again thank you so much for this very very detailed analysis 🙏🙏🙏🙏

Ratnaveer precision 4 km far away from my company. Apply for listing gain and long term.

Anchor book has very few names and missing most of the prominent ones.

Link:
https://www.bseindia.com/markets/MarketInfo/DispNewNoticesCirculars.aspx?page=20230901-38

If we consider the recent surge in profit after tax and looking at anchor book, it raises suspicion.

I am thinking of giving it a miss. Will take final call on Wednesday.

Will cps shaper fund will be useful for this.

Yes

If someone has funds only for one IPO, I am of the opinion that he may apply in Ratnaveer, skip Jupitar Life... Ratnaveer unblocked money may be available for use in EMS Ltd. Experts, please comment

In Ratnaveer mostly Block/Unblock happen.
In Jupiter Chances of allotment is better (negative listing gain possibility less).
Earning something than nothing is more prefrable as per my view.

Which bank still allow third party application.

BOB is allowing if ipo applicant is already added.
Not allowing to add new IPO applicant.

Union Bank of India and SBI

​@newgen consultancy apply karna hai or not? Please givr your valuable advice... On your advice, I applied FF in Rishabh... Thanks for guiding

okay, will decide on final day... Please do let me know if there is confirm stance whether to apply or not before 12 noon because kotak asba through kotak securities closes by 12 noon.... Thanks

​@newgen consultancy but sir if it lists positive , do we still need to worry about t2t , and why????

Dilip davda.... Apply
Capital market .....Avoid
Both in different directions.
Humko kya karna hai.
APPLY OR AVOID.🙏

Capital market is reliable and that is my observation for more than 40+ years. Just see pyramid technocraft was rated 42 and scrip has gone into discount within 3 days. Here debt/equity is too high. Sudden jump in 3/23 profits. More negatives than positives.

Applying here in retail only as BHNI wont make any sense..huge subscription going to come in this one..lucky ones will get allotment.

Can we use Rishabh instruments fund in Ratnaveer?

@RokdaMaker, No we cannot..

Oh bi skata h bhai
Kfin ke ak bar phle bi kiya h esa morning 8 am par allotment
Wait karte h 6th tak

I would like to give it a miss considering it a nano cap company. It is mere 165 cr size of IPO. It's just a block and unblock game so i would prefer to watch it as a spectator.

Neither a gem nor a brave for me.

I am rather speechless n excited on going through your beautiful great post. I am very much impressed with your humble n noble attitude. Humbleness will definitely enriches your character. You have been elevated high. You have already won and will also continue to win the hearts of many of the forum members. Good going n god blesses you.

please share X id

Ratnaveer ₹42
Rishabh ₹60 seller
Vishnu ₹60/62
Jupiter ₹65 buyer
EMS ₹90/95

Will try my best from little busy schedule

​@👉 Are CIRCUIT Good work please keep posting gmps daily...

Chennai Raipur Kolkata
GMP
₹40/= ₹42/=
Koi khaas activities nahin hai.

Naam RatnaVeer ?
Listing ke baad hi pata chalega Kankar Ranchhod das hai yaa RatnaVeer?

Ok ok.
Revienue and profit growing.
Red flags
1. Low profit margin.
2. High debt equity ratio.
Expect 25-35 % listing gain

all members please vote:
Ratnaveer or Basilic

Prefer Basilic, if short of funds to apply in both

BOTH

@ NEWGEN CONSULTANCY..YOUR VIEW,NOW AFTER SEEING subscription figure....?

I think you posted on wrong thread .😁

does HDFC allow by linked FD. Mean FD should not be broken for applying IPO same as Icici money multiplier?
Sweep in there but it seems break FD. 
Any comments plz?

hi rahul bob AMITH Fernando here from delhi. How does one create that particular FD scheme from a bank.
Can you give me more details as to what happens, the interest rates etc. I'm just 20 years old, so i have no idea. Thank you. :)

Few bank like icici, kotak and some other allow to link fd to ur saving account so u can u can apply IPO using LINKED FD balance. In this FD amount dont break unless u get allotment. Incase of allotment only amount break for which u got lot amount allocated for the ipo share.

Hindenburg 2.0: OCCRP alleges Mauritius-based opaque funds invested millions of dollars in Adani stock

While Adani group did not immediately comment on the fresh allegations, to OCCRP it stated that the Mauritius funds in question had already been named in the U.S. short seller Hindenburg report

What These Anti INDIA Foreign Stupids Are Upto That We Have Seen Already. And Why They Do So That Also We Know.

I Think Now Indian Investors Have Become Much More Smarter.
So, Part -2 -3 -4, Wont Make Much Impact.

लगता है @Grow well account के पीछे राष्ट्रीय बालक है।