Very good promoters,must apply , reg application i have ac with HDFC bank, can i take sweep in faciityfrom my FD and apply or will it get rejected as O D ac ,kindly advise as there are three ipos line up today
8. YBPK| Link| Bookmark|
July 15, 2024 3:36:45 PM
Top Contributor (200+ Posts, 700 Likes)
IPO Notes
7. KPCT| Link| Bookmark|
July 13, 2024 6:39:31 PM
Top Contributor (500+ Posts, 100+ Likes)
SEBI to increase Minimum Subscription Lot size in SME to ₹5 lakhs , to decrease crazy retail participation
7.1. Basuvr| Link| Bookmark|
July 13, 2024 7:22:34 PM
IPO Guru (2000+ Posts, 1100+ Likes)
The regulator can consider increasing the minimum subscription amount in SME IPOs to ₹5 lakh as the first step to shield smaller investors. Further, the limit of 90 per cent for capping the gains in the pre-opening session needs to be significantly lowered.
Source: The Hindu Business line
I personally think the above won't happen. They can create a new category (like SHNI) in SME IPO with minimum amount 5 lakhs but will not remove the retail category.
7.2. MuStrFc| Link| Bookmark|
July 13, 2024 10:14:44 PM
IPO Guru (2900+ Posts, 2200+ Likes)
This rumour is like personal biasness being imposed on the masses. Until regulators keep on shifting policies now and then, nothing is certain @KPCT@Basuvr
7.3. KPCT| Link| Bookmark|
July 14, 2024 9:16:21 AM
Top Contributor (500+ Posts, 100+ Likes)
Aap kitne wali aaplication lagate ho ?
7.4. MuStrFc| Link| Bookmark|
July 14, 2024 1:11:28 PM
IPO Guru (2900+ Posts, 2200+ Likes)
6. MuStrFc| Link| Bookmark|
July 13, 2024 6:37:16 PM
IPO Guru (2900+ Posts, 2200+ Likes)
Points Noteworthy :
1. Experience of 2 generations with the company, been in the same business switching in between from trading to manufacturing
2. Concentrated in and around NCR and UP region. Customers mostly include small private players selling items in UP region. Some of the supplier are in fact customers as well and vice versa.
3. Top 10 customers does include Adani Wilmar as one of the names but overall % could be minute compared to total turnover.7
4. Operating on wafer thin margin of 2% PAT, with no moat in the sector and business no re-rating other than liquidity can drive this higher
5. Turnover has taken a hit but despite that EBITDA and ROCE margins are in line with peers meaning effective execution
6. Operating at 92% capacity at both Plants, there is need to expand to grow more but nothing is being funded from this issue. All this after being cash flow positive at their own end.
7 . LM is decent enough to sail this at premium listing. Small issue size also add to the post listing price movements
8. Contingent liability for Indirect Taxes case of around 13cr if materialised poses threat to company image.
9. At 130, even as per FY25, P/E is around 16. Industry average is in range of 10-12. Nothing much left to latch upon except enjoying the post listing action.
10. Domestic industry of packaging demands innovative solutions for environmental friendly but no visibility in and around this issue of Sati Polyplast.
Not able to understand price - sector trades at 10 pe. Something like Sabar Flex in same space with better financials, good investors is at 9 pe (moving up now though).
How is GMP at +80% (implying 35 pe)? Reminds me of Amkay, Sai Swami @MuStrFc
6.2. MuStrFc| Link| Bookmark|
July 16, 2024 9:27:46 AM
IPO Guru (2900+ Posts, 2200+ Likes)
There are clarifications that the GST Demand is almost out of the picture, half of last year's turnover is already achieved by Sati in FY25 by now. Some outside pointers to give that extra bit of premium.
Other than this, eventually euphoria succumbs to fundamentals. GMP is irrational and will be so. @rohiitian
@MuStrFc Where were these clarifications made? The turnover point is surprising, unless we're missing something related to capacity available & capacity utilization.
6.4. MuStrFc| Link| Bookmark|
July 16, 2024 10:11:19 AM
IPO Guru (2900+ Posts, 2200+ Likes)
The promoter Balamukund gave an interview on YTube, clarifying those pointers.
Very much possible the inventory backlog clearing out resulting in increased turnover. Volumes have been high from the last 1 year or so already.
6.5. rohiitian| Link| Bookmark|
July 16, 2024 10:42:07 AM
IPO Guru (1200+ Posts, 800+ Likes)
Thanks I missed that interview, will check @MuStrFc
As per their WC calculations, theyre not projecting much revenue growth (15-20%) this year (companies usually project the moon), so im taking any forecast of growth wtth a pinch of salt.