I am growing suspicious of 1st day Retail subscription figures (any takers of my views) How come whatever the steep valuation of IPO. retail is full within hours , that too after back to back disastrous listing of some of steep valued paper. I doubt , regulator need to come clean , and publish more information about these subscriptions, like at what price these bids are made etc. Can this information be sought under RTI.
65.1. K.Atar| Link| Bookmark|
December 8, 2021 11:53:15 AM
IPO Guru (1000+ Posts, 700+ Likes)
@ Sanjeev bhai,
many apply but don''t accept the mandate, they wait for subscription figures to shoot up. Some wait till last day till noon/after. the actual figures are revealed when the ipo is over so till then please be informed.
Thanks
65.2. arunARUN| Link| Bookmark|
December 9, 2021 4:41:56 PM
IPO Guru (1900+ Posts, 1600+ Likes)
It is a small issue and currently as per stock exchange data there are nearly 3 crore active investors (who bought or sold at least 1 time in last 12 months) out of 8 crore live demat accounts In this small issue there was only 10% retail quota so i am not surprised. There is also another fact that 5 retail applications means worth 1 lakh of application and 50000 application means 100 crore. So you should not be surprised
65.3. arunARUN| Link| Bookmark|
December 9, 2021 4:43:43 PM
IPO Guru (1900+ Posts, 1600+ Likes)
@ K. Atar I disagree with your conclusion of retail cancelling in a large number. Most of the issue we see 2 or 3 percent applications not becoming valid application. so dont see this as a wholesale practice
@ arunARUN What you say to @K.Atar is not correct. If you study BOA of different IPO , you will see that the maturity percentage of retail application is mostly in the range of 55% to 80%. For instance in Zomato it was 57% and in Paras it was 73%. This is predominantly due to non acceptance of UPI mandate.
65.5. K.Atar| Link| Bookmark|
December 9, 2021 5:45:17 PM
IPO Guru (1000+ Posts, 700+ Likes)
no offense and disrespect to you arun sir but you don''t want to see other''s perspective. no one can be right all the time.
you have knowledge and expertise on your side so let other also humbly benefit from it., my view - hopefully you will see things in right perspective.
Thanks
65.6. arunARUN| Link| Bookmark|
December 9, 2021 8:04:39 PM
IPO Guru (1900+ Posts, 1600+ Likes)
@asoke sarkar Please provide supporting data point for Zomato and Paras. I will happily express sincere apology to K. Atar
@arunARUN please ref. to your comment ''most of the issue we see 2 or 3 percent application not being valid application'' (retail) First establish it with your data . I shall supply you with data only in case any difference is found by you.
By the by a new member has raised objection against your teasing for which I think you should be ashamed of.
64. arunARUN| Link| Bookmark|
December 8, 2021 6:58:52 PM
IPO Guru (1900+ Posts, 1600+ Likes)
Looking at some comments one wonder whether people are applying in IPO or staking a birthright for making profit for the fact that they applied and got allotted?
Give some example Who wonder and why ? What is problem with you if somebody think differently ?
64.2. K.Atar| Link| Bookmark|
December 9, 2021 5:48:07 PM
IPO Guru (1000+ Posts, 700+ Likes)
Arun Sir,
Like you every one has right to express, yes people can be naive but they are here to learn and grow from knowledgeable people like you. If you will tease and chide them, then where they will go. They will go here and there and suffer losses.
Guide them, and you can Sir.
Thanks
64.3. arunARUN| Link| Bookmark|
December 9, 2021 8:02:36 PM
IPO Guru (1900+ Posts, 1600+ Likes)
I have no problem if some one thinks differently. However problem comes when people express opinion for primary market which are different when they apply same rule in secondary market. In my view both markets are same. IPO is single rate market (you are free to bid at lower end of price band) but that does not work out 99% of time. Burger King was loss making and I had seen senior people bashing in message board on that point. However that counter even after one year has not seen double digit price (IPO price was Rs 60)
Please have different opinion but then have conviction to hold that opinion too. Some one questioning the opinion should not pinch. That is why message was stand alone and not in response to any individual
64.4. K.Atar| Link| Bookmark|
December 9, 2021 9:05:30 PM
IPO Guru (1000+ Posts, 700+ Likes)
Arun Sir,
This is only difference of opinion, we need to learn the art of accepting some one else''s view point without agreeing to it. Show them bigger picture they are missing, may be you are blessed in terms of more exposed in markets that you know all the fine nooks and crannies that others are unaware of and you have hard time in believing it (that how come they don''t see/know/understand this).
Please accept my sincere thanks. And wish you every success.
63. phrao| Link| Bookmark|
December 9, 2021 8:24:17 PM
Top Contributor (400+ Posts, 500+ Likes)
60. Chem cho| Link| Bookmark|
December 9, 2021 4:11:45 PM
IPO Guru (2500+ Posts, 2700+ Likes)
Raymond -Promoted JK FILES & Engineering files IPO PAPERS to raise Rs 800 crore , it is offer for sale The offer will include reservation of shares for employes and Share Holders
Shriram Summit @bengaluru, Shriram Chirping Woods@bengaluru , Shriram Properties@Visakhapatnam was a big scam.... lot more to pen down. Just google it, we get hell lot of negative reviews on Shriram properties.
60.2. sree vas| Link| Bookmark|
December 9, 2021 6:13:42 PM
Top Contributor (500+ Posts, 100+ Likes)
Competitive Strengths- Proven capabilities in project identification and execution! ha ha ha This is a big fra-d company. Most of their projects are delayed by 2-3years and nowhere they have given complete compensation. Clear Avoid ...
59.1. arunARUN| Link| Bookmark|
December 9, 2021 4:32:22 PM
IPO Guru (1900+ Posts, 1600+ Likes)
Name some specific projects which got delayed. In times of RERA retail buyer has lot of power to get compensation unless you signed the agreement without reading it
Whatever anyone may say. how can a loss making company issue shares at such valuations. An avoid for me ( ofcourse with a caveat that if QIB portion is substantially oversubscribed, then may consider)
55.1. arunARUN| Link| Bookmark|
December 9, 2021 4:45:17 PM
IPO Guru (1900+ Posts, 1600+ Likes)
This company has a book value of around Rs. 53 and priced it around 2 times the book. Are they supposed to give it out in free?
54. 🔥 MOG 🔥| Link| Bookmark|
December 8, 2021 1:06:50 PM
Top Contributor (400+ Posts, 200+ Likes)
NEGATIVES about the company -
1) PAT margin is consistently declining from 8% in FY19 to -16% in FY21. 2) Even though EBITDA margin has improved from 1% in FY19 to 12% in FY21, the asking valuation is sky high. Asking EV/EBITDA = 51.84 which is very high compared to established companies like Sobha Ltd. which has a EV/EBITDA of 15.60 only. Therefore, on the basis of their expectation of future profits, the current price is not justifiable. 3) The biggest drawback of this company is that as of September, 2021, 22.09% of the saleable area of the company is in Kolkata, West Bengal which it has not been able to develop and monetize. The real estate situation in Kolkata is not as good as prominent cities like Mumbai, pune, bangalore, delhi, ahmedabad, etc. I don''t know why Kolkata is even considered a metro city because it clearly has no value to corporates and businesses. Real estate sector in Kolkata comes with a lot of dirt and politics.....it''s better if i don''t talk about it. 4) Significant debt
I feel there are better opportunities in the secondary market so i''ll be skipping this one on fundamental basis.
@Mog Express that part which you know. Refrain from making comment which you don''t know .
However your observation about the company is good.
54.2. arunARUN| Link| Bookmark|
December 8, 2021 6:56:34 PM
IPO Guru (1900+ Posts, 1600+ Likes)
@MOG Are you familiar with accounting for real estate transactions for builders. If you are then you would not have raised issues like variation in earning given that past year and half are covid impacted
54.3. 🔥 MOG 🔥| Link| Bookmark|
December 8, 2021 10:56:54 PM
Top Contributor (400+ Posts, 200+ Likes)
@asoke please elaborate
@arun Sir I know the revenue recognition concept of Ind AS for real estate companies. I am a qualified CA. As for the point that FY21 was impacted by covid, FY20 has also seen similar performance maybe because of no deliveries to customers and the distress in the sector in general. Leaving the financials aside because of the revenue concept, I personally feel there are better opportunities in the secondary market like Prestige Estates and Sobha. On the contrary, on DCF basis this ipo has been priced at a discount and is being offered at a price below NAV. It might be a long term bet but I personally find this sector extremely risky so I''ll avoid it.
@MOG Refer to your comment I don''t know why kolkata. ............
54.5. 🔥 MOG 🔥| Link| Bookmark|
December 9, 2021 6:38:32 AM
Top Contributor (400+ Posts, 200+ Likes)
@asoke What''s wrong with that? The city is lagging behind every other ''metro'' City and over the past few years, cities like Pune, Ahmedabad, Surat, noida, gurgaon, Indore, etc have surpassed it. Kolkata stands where it was. No industrialization, no infrastructure, pathetic roads and just politics is the way of life in Kolkata. If you keep turning a blind eye to the shortcomings of the city you live in, I see further suffering for it''s residents. I don''t know why people are hurt and sensitive when someone tries to paint a real picture of WB - The fact is that it''s a failed state which is anti-business. If not then why do corporates refrain from investing here but whole heartedly invest in Orissa?
@ MOG You know this much things but still say ''I don''t know '' appears to be mismatching. I can''t altogether deny that here political situation is not good still this state has a speciality of its own .Before knowing that you should know what is not to be discussed in such public forum. I have experience of going several times to the cities you have mentioned. But these are mere villages in comparison to Kolkata. This is not an aggressive comment but what I have felt. Thank you.
54.7. 🔥 MOG 🔥| Link| Bookmark|
December 9, 2021 8:55:11 AM
Top Contributor (400+ Posts, 200+ Likes)
@asoke Please refer to the whole line and refrain from using just a few words to justify your view. "I don''''t know why people are hurt and sensitive when someone tries to paint a real picture of WB - The fact is that it''''s a failed state which is anti-business."
It was my intention to just point out the disadvantages of the business and having 1/4th concentration in WB is definitely one considering the condition of the state and anti-business culture. I do agree that Kolkata has a few specialities of it''s own but these ''specialities'' won''t save the state. I have relative coming in from the cities mentioned above and I have also visited them.... Kolkata has deteriorated and these cities have developed. "Development" is not a word you can find in the dictionary here. Looks like ''villages'' are doing better than a ''metro''. Anyways people are bound to have different views so peace out.
Have you ever visited Calcutta. Do you know any thing about WB. It''s better to think twice before commenting. Respected Rabindra Nath Tagoreji, Ram Krishna Param Hansji and Vivekanandji, all belong to WB. Have some respect for them. Corporate culture is different and cannot be compared. Many more names are there with Shubhash Chandra Boseji. It''s better to apologize here.
54.9. 🔥 MOG 🔥| Link| Bookmark|
December 9, 2021 11:22:47 AM
Top Contributor (400+ Posts, 200+ Likes)
@pkraj Looks like you need to educate yourself before commenting. My view stated above is based on corporate culture - which is pretty obvious because i''m discussing about the business environment but maybe you are too emotional and sentimental to comprehend the situation clearly. How have i disrespected the legends you mentioned above? Your argument is stupid and lame. Just because you don''t have facts, you bring in nonsense to divert the topic. Why the hell would i apologize for calling WB a failed state?
Now a days, its very common to see peoples feelings get hurt very easily. @MOG has shared his views on this IPO alongwith some facts. Even, one statement about Kolkata is offending people here. Going by this way, we will loose the culture of debates in india (media has already started to convert debate into mockery). I think promoters are reliable here and strong recovery is due in Real estate sector, which would be beneficial for this company.
I will skip this ipo. I advise everyone to take a wise decision before investing. I am still stuck in aashka hospital, heavy losses), are good to apply and I may apply these all. I will skip rest all. Other companies are with More price band, or in losses, and etc. I am already stuck in Car trade, Suryoday, gls, nuvoco (little loss but still stuck), Aptus, so I advise everyone be cautious before investing, earlier I applied w/o ground work so completely I am in heavy losses
49.1. K.Atar| Link| Bookmark|
December 8, 2021 8:57:40 AM
IPO Guru (1000+ Posts, 700+ Likes)
Brother,, Srikanth No offense to your decision making, but it''s still early to take call for Shriram Prop, its a small size, attractive price band.GMP indicator is not much bad, see for 3 days how market responds, loss making tag is not curse if market invest in its future. Listing gains may be on the horizon.
I will skip this ipo. I advise everyone to take a wise decision before investing. I am still stuck in aashka hospital, heavy losses), I am already stuck in Car trade, Suryoday, gls, nuvoco (little loss but still stuck), Aptus, so I advise everyone be cautious before investing, earlier I applied w/o ground work I am in heavy losses
Brother., K. Atar., okay 👍🏻 I agree with you. Shriram properties is good company. I am not telling anything bad on this company. As you said was also correct.
Not casting aspirations on the Company. Investors should also keep in mind that apart from Shriram Transport Finance & Shriram City Finance, the Group also have two other listed entities, Shriram EPC Limited & Orient Green Power Limited, both of which are penny stocks.
bro felt bad to listen but i think you should put a stop loss to escape from big losses by this you could have exited from cartrade and GLS & even you could have got profit in APTUS but you must track and follow the shares you invested just advising.....
49.7. Ou Ai| Link| Bookmark|
December 8, 2021 1:32:33 PM
Top Contributor (300+ Posts, 300+ Likes)
@Shirkanth GLS, Nuvoco Vista, Aptus are all doing well in many parameters. They were bit overpriced. You can wait not only to recoup , but also land with decent returns. Some of these shares need 1 to 3 years to give good returns. Can''t say the same about CarTrade @Andi Shriram Group also ahs an listed IT company Take Solutions which has not offered any returns past over 10 years of listing where several mid and small cap IT firms have performed in different degrees of success in this period.
we learn from making mistakes only... We will not become an expert unless we bear some loss, but it important to accept the mistake and lean no to repeat it again. NEVER FALL IN LOVE WITH A STOCK....
Stock market is not place for those who scared of tiny losses. I also booked small loss in suryoday, cartrade,kalyan all sold at listing day. Enjoyed heavy profit in ami organics,Nykaa, sigachi & tarson.small prifit in Early ipos also.If u can dare to take risk, invest, otherwise eacape. Dont stop others.
While other sites are already updating no of lots to be allotted in retail category, your site is still not providing the same. Kindly take note and do the needful. Without this important data, no judgment can be made for applying. Higher number of lots with lesser profit is better than high profits but with small size(lots) in retail