Rishabh Instruments Limited IPO Message Board (Page 17)

Punglia ka sara paisa, Rishabh m

Latest gmp

Those who are not applying, react here.
👍

👎🏻

Final call from Experts about this Issue. Also, members views about Category wise
expected subscription.

Is this IPO worth applying considering high PE ratio stagnant growth and high OFS amount but the company has global presence and almost 40 years of existence.

+ KFIN registrar.
Only cons ...no pros with this ipo.

Anyone using hdfc for minor can please confirm if parent account is also required with minor? Or only minor account will work? Please confirm. Thanks..

Breaking News

Parth Jindal In an Interview Gives Clear Indication of
JSW CEMENT IPO of 3500-4000 cr in Next Fiscal
DRHP filing in Next 6 months

@newgen sir, any shareholders category we can benefit from...

which banks allow applying ipo via linked fd
I know icici bank is providing it, heard indusind also providing it( not sure about it)

any other bank that allows, kotak, au, idfc etc which offers relatively higher interest rates than icici

if someone is using indusind or any other bank than ICICI and availing this facility, would like to know their experience

1. Normal saving account in ICICI. But Fixed Deposit type "Money Multiplier"
2. Can create online. Only catch is, you can't close prematurely "online".

​@MVP POINT no .2 You can't close premature online ok but we can debited amount near to zero? Because if it is debited in ipo then we also debited manually (not close).Am I right?

​@lokes @MRavichandran @newgen consultancy Kindly give your suggestion for Rishabh ipo. Prospects are reasonably good, but PE is high

​@newgen consultancy Sir your final verdict please...

Will wait for some more time
Let QIB's come in

NEW MAINBOARD IPO

EMS LTD.

Issue date : 8-12 September
Issue size : 321.24 cr
Fresh - 146.24 cr
OFS - 175 cr
Price band : 200-211

M.Cap : 1171.7 Cr

FY 23 :
Revenue - 538.16 cr
PAT - 108.62 cr
Orderbook 1800 cr +

PE : 10.78

GMP : 84 Buyer

Lagao Paisa , ye bhi tagde Listing gains dega

​@newgen consultancy sir concord results on 6th , can we expect a bounce till 1020 levels , i am holding 1 lot

​@Manan Surana Results are Expected to be Strong

Hold for 1050
Raising the Target by 30 Rs.

Company provides products in areas of electrical automation, metering and measurement, precision engineered products and also services related to mould design and manufacturing, EMI/EMC testing services, Electronic Manufacturing Services and software solutions.
Hands on technocrat promoter and team. Technology and performance oriented team
Over last 3 years, inventory and receivables have double, denoting company works in a working capital intensive industry. This has also impacted company’s RoCE and Asset Turnover Ratio
YoY company has added Rs 100 cr turnover however PBT has remained flat.
YoY material cost has gone up from 42% to 44.7% which has eaten in the savings in employee cost and depreciation. EBITDA margin has dropped from 17.57% to 15.16%.
Decent cash flow in 2 out of last 3 fiscal with 21-22 being below par
Capacity utilization in 22-23 is reported at 50.27% however it is deceptive as company produces wide range of products at various factories around world. Company has 7 manufacturing / modification facilities around world.
25% of the revenue comes from India and balance from RoW and top 10 customers contribute 32% of revenue
Out of issue proceeds, company will spend Rs 63 cr approx. on Nashik I factory expansion
Cash rich company with around Rs 105 cr cash and cash equivalent in Balance Sheet as on 31-Mar-23
YoY prepaid expenses has gone up from Rs 1 cr to Rs 8 cr, capital advance from Rs 24 lacs to Rs 8.2 cr and advance to supplier from Rs 4.2 cr to Rs 7.6 cr
In other expenses, electricity and water expenses has gone up from Rs 14 cr to Rs 21 cr, repairs and maintenance from Rs 3 cr to Rs 10 cr and advertisement expenses from Rs 90 lacs to Rs 2.3 cr
YoY advance from customer has doubled from Rs 5.5 cr to Rs 11 cr
Out of total receivables of Rs 121 cr, Rs 30 cr receivables are overdue between Zero and 6 months while Rs 5.5 cr receivables are overdue over 6 months. Company has fully provided for potential bad debts of Rs 95 lacs
Out of tangible fixed assets of Rs 193 cr, P&M is Rs 73 cr while Buidlings are Rs 87 cr, net book value as on 31-Mar-23
Cash credit availed by company carries interest rate varying between 8.27% - 9.55% p.a. while unsecured loan taken from related party carries interest @ 11%.

While Prashant Jain, ex-HDFC AMC, through his fund is in anchor investor, around 77% of anchor allottees are mutual funds.

​@YBPK sir ! Great review. Are you applying? What is your call? Thanks

Refund from Rishabh will be available for Jupiter. Treat Ratnveer as bigger SME with moderate gain. Real king of time is Basilic; massive subscription is possible for this SME accumulating 66.35 Cr. All eyes are on when touches 10000 Cr application money.
Best luck to all

लो आ गया बीचमे एक और mini mainboard

EMS LTD.

Issue date : 8-12 September
Issue size : 321.24 cr
Fresh - 146.24 cr
OFS - 175 cr
Price band : 200-211
Not get all details but is a good bid

It may be dark horse🤞🤞

Applying 12 retail and 2 shni.

Yes.. and hopefully will get some allotment too

​@Amit Chheda  sir can you pleasee suggest what to do with rishabh now

राणी सा राणी सा ठाकुर तो गीयो ।
App Rate :-
Koshthak
15k No Rate
10 lakh. ₹3700 ₹400/=
Subject to allotment:-
15 k ₹1100/=
HNI- ₹15000
Ek ek City, Town, State mein "Rate" Ka " fark "
ho sakta hai No BehashBaazi no argument.
Khela hoga ki nahin???
খেলা হবে কিনা? খেলোয়াড়ী রাই জানেন???

@Chhattisgarh

​@Gujju IPO
Ji
Jodhpur beawar Chennai
GMP
₹62/= ₹65/=

Jodhpur Beawar Chennai Raipur
GMP✅ confirm Shauda
₹63/= ₹64/=

Zaggle Prepaid Ocean Services IPO soon

LOHIA CORP to raise Pre-IPO soon

Applying..

No

Hi @lokes  Sir,

Please share your view on this IPO?

capital market rating 49..Will be applying here..Concord time also evryone was avoiding..its good if evryone avoids..better chance of allotment then.

now everyone applyingf :P..guys dont apply..i need 1 allotment here..not gettng any in any ipos in BHNI :(

@newgen consultancy  hello sir please latest gmp provide karo and mene 125 app me retail me rishabh apply kiya hai muje kya karna chahiye profit me khulne ke kitne chance hai iske??
also other seniors and experts please give your review

​@A.DOSHI Thanks, Good to know! All the best for this public issue..

​@A.DOSHI This business will be hampered or 125 number will be reduced as soon as 3rd party becomes obsolete imo.

Friends please share sub to rates thanks in advance