Most disturbing thing is on revenue of 525cr it made profit after tax of only 7cr margin less than bank interest ... Debt pretty high capital gearing low
96.1. IPO VALSAD| Link| Bookmark|
February 8, 2023 9:49:21 PM
Top Contributor (200+ Posts, 100+ Likes)
Heavy debt are there in many cables and wires industry... See it's peers like cord cable.. birla cable . Universal cable... So borrowing is not a problem...
Some IPO 40, 50% down bhi hona chahiye, abhi jab risk hi tho 400,500 time oversubscribed ho Raha hi, agar pata ho 20% ki limit hi tab tho 1000,2000 time oversubscribed ho jayega.
92. Smile✍️| Link| Bookmark|
February 8, 2023 7:00:39 PM
IPO Guru (1600+ Posts, 900+ Likes)
@admin Chittorgarh.com Thank you for making homepage more user friendly. Now it is giving information at a glance for all IPO, buyback, right issue and NCD. for right issues, first column of record date is extremely helpful.
In SME IPO : From last 6 month I applied more than 20 ipo through 4 different family members via third party ASBA(SBI) but till date not alloted a single one. On other side in main stream platform I alloted many ipos.
89.9. A.A| Link| Bookmark|
February 9, 2023 10:23:20 AM
(200+ Posts)
SBI allows 3rd party applications through Yono lite app, doesn't work in internet banking.
88. ipo share| Link| Bookmark|
February 8, 2023 6:12:48 PM
IPO Guru (1500+ Posts, 700+ Likes)
I was thinking of applying here in view of LMs last SME, Isolation Energy. Word Energy is also used here but nothing related to it in reality. Insulation is in solar energy business and performed excellently. Don't think it will be repeated here. This company in in normal wire production business. Nothing exclusive. It has high debt and major portion of IPOis OFS. Revenue growth in comparison to Insulation is poor. So my take is this IPO is not anywhere near to Insulation and don't expect repeatation of performance. Instead of applying here and taking undue risk, I will try to get Hem Securities two recent listings - Earthsthal and Chaman. Do experts / senior members agree with my view. Please do comment. Thanks 🙏
Didn't find anything appealing here except the word 'Energy'. Size is quite Big that too with OFS. Don't want to take risk.. Good luck to all who are applying.
Thanks @MZ, good to understand immediate challenge levels. I believe, whilst immediate resistance levels may apply in the short term, long term growth story seems pretty good for Dreamfolks and makes sense to hold for a longer period gor this unique company. Especially, given that the budget announcement of substantial new airports will feed into pushing this up further.
Key Highlights – 9MFY23: 9MFY23 Revenue of INR 5355.00 Mn; 192.09 % Growth YoY EBITDA at INR 672.96 Mn; EBIDTA Margin at 12.52 % PAT stood at INR 472.28 Mn; PAT Margin at 8.82 % Key Highlights – Q3FY23: Q3FY23 Revenue of INR 2040.00 Mn; 107.50 % Growth YoY EBITDA at INR 267.15 Mn; EBIDTA Margin at 13.05 % PAT stood at INR 189.77 Mn; PAT Margin at 9.30 %
Operational Highlights: Strong growth of ~63.04 % in domestic air traffic in 9MFY23 which has surpassed pre-covid level. Domestic air traffic grew by ~16.67 % in Q3 FY23 as compared to Q3 FY22 and we have witnessed record- high footfall in Airport lounges. Number of passengers availing lounge access & other touchpoints through us has grown at a healthy rate of ~164.00 % yoy in 9MFY23 and ~87.93 % in Q3FY23. In 9MFY23, passengers accessing airport lounges & other touchpoints stood at 5.81 million compared to 2.20 million in 9MFY22 reflecting the recovery in the travel industry growth. Passengers accessing airport lounges and other touchpoints through us stood at 2.15 million in Q3FY23 compared to 1.14 million in Q3 FY22. Entered into a strategic partnership with one of the foremost & leading golf privileges providers, Vidsur Golf. This first of its kind association will enable DreamFolks to expand its already diverse service offering by enabling customers access to Golf courses across 40+ golf courses in India & 250+ golf courses across Asia Pacific. On the business development front, we have onboarded 5 new Clients including Akasa Air, one of the newest LCCs in India.
@Romy HNI, GMP shown on CG Website is not appropriate, currently even in 12000 Subject to nobody is buyer, last heard Subject to rate was 10000. So don't get carried away just by premium. MY BIGGEST CONCERN IS 114 CR BORROWINGS (LONG AND SHORT TERM) IN THAT TOO IN THIS RISING INTEREST RATE SCENARIO.
84.2. Romy HNI| Link| Bookmark|
February 8, 2023 11:29:12 AM
IPO Mentor (500+ Posts, 400+ Likes)
Turnover, profitabilty and net worth increasing year by year.....Loan as a percentage to turnover is decreasing....all positives.
Tell one negative ......
84.3. Romy HNI| Link| Bookmark|
February 8, 2023 11:49:28 AM
IPO Mentor (500+ Posts, 400+ Likes)
off all the issues till 15th Feb, will attract max. subscription.....its my opinion