Valuation-wise its a high priced issue. Why to go for a price with >33 P.E. at the time of application. Can we expect a higher P.E. at the time of listing. It may give Rs. 2-3 as listing gain but at the same time it has also a risk of Rs. 6-7. It is an Avoid case. Better to control greed where risk-reward ratio is >1.
It seems to leave it is better than taking risk in applying. Leaving.
18. KAPPO| Link| Bookmark|
January 4, 2023 2:27:19 AM
IPO Guru (1200+ Posts, 800+ Likes)
It's subscription manage by operator
So think twice before applying
But who (broker) have this done also mange kore mobile issue for grey or subscription in many more ipo like ep bio, varaniume cloud ,jayant,Agni,skp,usa seeds ,maks,globe so many
@Noorul @Lokes, what are your thoughts on REX Packaging ? Financials are average/ below average, and company looks old and traditional. Clientele is having big names, but business is muted and nothing unique. What are your thoughts on this ?
Rex is clear avoid for me.. I won't apply here to be on safer side. Didn't find anything fancy or x factor . Although fact is any SME and can still give profit in short term without fundamentals.
16.2. lokes| Link| Bookmark|
January 4, 2023 12:23:21 AM
IPO Guru (4400+ Posts, 5100+ Likes)
valuations are high here as per issue price and some ofs is also there, fresh issue is very small for company use....financials are average/below avg as you mentioned and inconsistent also....business looks ok.....it may give upto 5% positive or negative listing in my view... if someone ready to take little risk they can apply, i don't have money to apply :)
Le merit is a gone case for me now. Company stock prices not raising at all and move in certain boundary... Better to switch to some other script and booked profit / loss whatever u get.
13. Rafiq| Link| Bookmark|
December 31, 2022 11:19:01 AM
IPO Mentor (500+ Posts, 400+ Likes)
Pros:- 1)Profit quarter by quarter decreasing as shown in Balance sheet, First genuine thing they have provided not to attract investor. 2)Export in M.East,Europe and Africa 3)Product manufacturer 4)Office in Mumbai - Byculla and Factory in Taloja and soon opening Ambernath
Cons:-> 135 quite heavy issue price
13.1. arvindarvind| Link| Bookmark|
December 31, 2022 9:11:13 PM
Top Contributor (1000+ Posts, 200+ Likes)
No, Its price is very high and IPOs like Moxsh got very poor listing. There are lot of other shares which are comparatively very less priced. So clear avoid for me