Service Care Limited IPO Message Board (Page 3)

I am avoiding this one due to absence of clarity in financials, higher valuations and huge IPO process spending. Don't want to take unnecessary risk. In total, only 5000 applications submitted so far

What a poor response to this one. Only retailers are going faster than other at 14.05 hrs. Valuation is always a problem in all SMEs. Still investors are not lagging behind and why?
To take some rest and give peace to our minds for other activities.
But C G is showing 16% GMP. Let's wait for last figures. Market on top. That makes it more risky, in my views.
All the best.

Not applying here. Funds block in others.

Sir,
How do you sell the application. Please share the info.

thanks sir

Applying Or Skipping

service just sold 24000 st hisar

Hisar me kha rhte h. Aapka contact number plz. I want to sell at 24000..00

St 24000

EXPECTED
HNI 20_30
RERAIL 20

SERVICE SME

S2 only Rs. 12000

Please recheck @kingvinod can you please confirm

QIB 1time on 1st day & 2 times on 2nd appear suspicious, as qib usually come on last day. May it is ti trap retailers who invest depending on qib interest & subscription.
(Some may argue this is because of low qib quota (9.5%), but then such low quota is because LM not able to attract qib & anchors.)

As of 7th July, company is unable to provide 22-23 full year financials, shows that their accounting is inefficient and needs to be outsourced.
Quess corp & Teamlease, both industry leaders, could manage a PAT margin of 1.3-1.4% only whereas this company is able to do 2.29%.
With whole IT industry is facing headwinds, how company will sustain this FY23 inflated results is a question.
Cash flow from operations before tax is quite poor compared to PBT and indicates that revenue has been pumped up by giving liberal credit to customers. Receivables of Rs 1.5 cr are more than 6 months old.
With employee cost at 95.6% of operational revenue, this is a high volume low margin business where even 1 defaulting customer could sink the company
Company had a loss of Rs 4.8 lacs on sale of asset, presumably vehicles of Rs 27 lacs were sold at a loss. What type of vehicle and sale to whom is not known.
ORC commission of Rs 26 lacs paid in 21-22 has dropped to Rs 3 lacs in 10MFY23, boosting profitability and margins. Reasons for drop are unknown

@ipo share  Sir, is it normal for 20cr IPO to spend 3cr towards the same? shall this be treated as normal, or a negative sign for a long term investor>?

@AAA JAI 3.0 cr is a very huge amount for a 20 cr IPO. It is not normal at all. It shows company has made arrangements to manage GMP etc so that IPO goes through smoothly. I don't know whether it has made arrangements for successful listing also.
​@KAPPO may clarify more on this matter as he is master of GMP. I am not having any access to grey market.
Thanks 🙏

Aplly with full force

True, GMP in range of 15-25% is not good in this market conditions. Fully subscribed anyway.

Congrats ipo guru tag mil gya.
Kitna mehnat ka kaam hai.
brahmdev ki tapasya kro, vardaan maango ki ek page pr comment kru toh 10 page pr dikhe. CONGRATULATIONS.

I want to apply in minor
Which brokerage house allow minor trading
Please help me out

@rahulkrjain I don't have minor account in Zerodha but before opening account in prostocks, I enquired the same thing being asked by you. As per the procedure given in their website, you are required to trade from the account of guardian, so you will be required to transfer shares from minor to guardian account for selling. However the process is online and can be done in an easy way. You may search in their website.

@rahulkrjain 
https://support.zerodha.com/category/your-zerodha-account/transfer-of-shares-and-conversion-of-shares/articles/transfer-shares-from-my-zerodha-account-using-cdsl-easiest

GMP 11

Neomils bought patel eng at 13 rs
Now 46
Almost 4x value huntingThey also bought wokhart 170 now 250?

Pls chkk... Still belive septum 200+ soon

Mos and sahana both are rikhav ....
Don't know why u spreading this news
to keep retail away?

21k s2
Hos

Avoid are not can't say but,
Partnership of Rikhav and Neomile once again after repeating history in spectrum and aatmaj.

Valuations on a higher side. Looking a doubtful candidate. Views of experts solicited..

Applying for 1 lot..

Sorry, applying to target 1 lot..

Expecting
HNI 10-15 X
RETAIL 20X

GMP 20000 ST

GMP 11

Should i apply or not

I am not against anyone or nor running paid information.

my concern is MM RIKHAV has nothing to do...
rikhav MM in Anlon currently 3 time rikhab MM homesfy rikhav MM sahahna which give return

unnecessary panic was dere in sahana
shanana qib was 10%

just think once
service issue is 20 cr company had no complusion to keep qib they could have done 50_50

still in 20 cr they keep 10% qib that's great
listing depends on operator and promoter intentions
spectrum promoter was chor from day 1

he purposely got 100 cr to.loot investor
he don't need 100 cr money he might have done 50 cr ipo
.. but got biggest ipo with sarthi
sarthi lm is fr delhi
he. lloted Investor in 2018_19 Era
remember five core same he took advantage to loot us.