Reliable Data Services Limited IPO Message Board (Page 2)

It''s subscribed over 5 times.
What to do ??
Avoid or apply as just one hour remaining

Every one says avoid this ipo

Then how a grey mkt broker give 15000 sub to

tem ne company taraf thi diwali gift nathi mali mate

Only to trap RII''S. There is no grey market premium in sme, only subject to rates,this subject to rates are just for show off. Nobody trades in subject to rates in sme.
EXPERTS VIEW INVITED....

No Grey market showing any site.But last day 29 Sept data of subscription shows good issue. Although it very costly around 22 pe issue. On merchant banker perspective it is good as 90% previous issue of this banker listed on premium.

Subject to 15000 in kutch..

Subject 15000 in kutch

Grey market 14000 subject to. Is it true for Reliable

No grey market demand.. you have got the fake news

Yes it''s true it''s 15000 subject to I have sold 17 application in subject to

Sub2 10k at my place as on Fri.

Request moderator to pls give subscription details not application wise

Only in percentage

*Reliable Data Services SME ipo*...

Company was incorporated on March 2001.
Promoter - Sanjay Kumar Pathak, Rakesh jha, sandeep kumar jha,Sunil Kumar jha.
IPO of 26,00,000 equity shares at a cash price of 57 aggregting to 14.82 cr and issue will constitute 30.23% of post issue paid up capital.
Top 10 clients for FY17 accounts for 92.64% of total revenue from operation.
It is engaged in providing customized services to various banks, financial institutions and other manufacturing industries in the field of management services,transaction processing services,human resources and other allied services.
Net proceeds will be used for -
To meet working capital requirements - 5 cr.
Prepayment of loan- 6 cr
To meet Capex - 2.5 cr.
It has 46 branches in various states all over India.

Revenue has grown from 20 cr in FY14 to 34.5 cr in FY17 and PAT has grown from 1.48 cr in FY14 to 1.62 cr in FY17.
EBITDA margin of 13% and PAT margin of 4.8%..... for FY17.
Networth of 18.3 cr after the issue.
NAV of 22 after the issue.
At a price of 57 it is asking for 30 times FY17 earnings and P/B of 2.7 and D/E of 0.38 and ROE of 9% and ROCE of 20% and EV/sales of 1.58 and EV/EBITDA of 12.5.

*Peers*
*Airan LTD*....
Trades at 100 times FY17.....if we high growth for FY18 for *airan*....it is still trading at 55 times FY18......still very high.......with High EBITDA margin of 21% and PAT margin of 7.5% for FY17.....and P/B of 7 and ROE of 10% for FY18 and ROCE of 18% for FY18.....and EV/sales of 5 and EV/EBITDA of 25 for FY18....very richly valued.

*Aurion pro*...
With Revenue of 640 cr for FY17 and expected Revenue for FY18 to be on similar lines it trades at less than 8 times If we take EPS of 18 for FY18....as FY17 was a bad year.......
EBITDA margin of 10% and PAT margin of 6.2%.....and D/E of 0.22 and P/B of 0.5 and ROE of 6% and EV/sales of 0.65 and EV/EBITDA of 6.5....Q1FY18 numbers has shown improvement.....
Looks cheap here.......And Its a buy at 140 for targets of 160 In short to medium term.....and 200 can also be seen in 6-8 months....

*Conclusion*
For *Reliable Data services*....comparing to *Airan*....its cheap...
But I dont find much value in it, it can list up or down can''t say.....but its risky.....rather *Aurion pro*....looks a better bet here...

*Aviod*.......

Will open 50% lower

In Retail everyone will get allotment.

NON SENSE VALUATIONS. CLEAR AVOID AS SUGGESTED BY DAVDA SIR