Srivari Spices and Foods Limited IPO Message Board (Page 6)

I think, it will cross 1000x in HNI

Formality of 6 retail apps done

Qib 1x mai hi khush ..market palti marne wala hai kya ?

will it be good if i apply for 3 retails or i apply 2+1 shni.
guide

2+1

If the retail subscription is more than the HNI, will it be avg for allotment ratio? Or the actual subscription figure will be the ration for retail allocation?

Please clarify this, thanks in advance!!

I think it's applicable in case of fixed and not in BBI.

Thats what I want to confirm!!

Applying FF

Oriana ICICI bank funds unblocked for me..

Oriana Kotak ASBA funds also unblocked.

@Admin @ Chittorgarh.com 
Can you please check if the subscription data is getting updated? The figures are stuck at yesterday's close level, which is highly unlikely on final day.

Checking

Yes, thanks @Admin @ Chittorgarh.com, now showing updation.

SME me big and small hni nhi hota kya? Sebi ka rule book me to clear nhi bataya hai. Kisi ko SME me bhni ka Mila hai?

There is no shni-bhni bifurcation in sme as of now.
It's just retail and hni.

CG admin
Plz update subscription data. It's not upadated @10:37 am

Applying 1 lot

Dear Sirs, Many thanks for your services. Certainly, you are the best for providing IPO analysis. I want to apply for this IPO in 6 different lots. Now, my question is should i do it in a SHNI cat. from 1 Demat A/c or from 3 different Demat A/Cs in SHNI cat.(in 2 lots each in )? What is the best probability of getting the allotment? Looking for your early reply.

There is nothing like sHNI or bHNI in SME IPO (like mainboard ipo). It's only hni & rii in sme ipo.

Dear Sirs, Many thanks for your early reply. At least, I can't find anywhere to get such type information. Pl. keep it up.

QIB subscription is less, they will come tomorrow I guess. Can anyone tell latest subject to rate ?

Any member from Telengana where this company operates may share information about the quality and popularity of their products.

No allotment in SME till now

Ditto

Same here... :(

Similar product SME Proventus Agro which came with a price of Rs.771/- a few months back at around 180PE, was underscribed in Retail while NII part subscribed 4 times (Issue size about Rs.50 cr.). Since listing, the share continuously hit highs to reach a high of Rs.1,350/-, now trading around Rs.1,000/-.Hence the fancy for this IPO. My guess is that the subscription may reach 75 to. 100 times. Listing gain is for sure.

Os will be 300-400 times, or higher (because nii is only 1.35cr & no parallel ipo, & oriana unblock fund will be here).

Expected hni subscription???

300-400 or higher (depending on how much oriana fund unblock in time).

The listing of Yatharth was not as per expectations of Market. The high pricing of Concord, the attention of investors have diverted towards Srivari Spices. In its name SPICES are already there. A very small size SME with good GMP at present, available funds are likely to be diverted from Concord to Srivari. Chances of allotment is very scary but no question of any negativity. If allotted, will be Great.
Subscription figures of Concord is not impressive at all. But looking into size, pricing and negative factors, figures are not so bad.
To be very careful in Concord for small investors. Better to skip. Going to apply only in Spices.
*No allotment is better than a bad allotment.*
This is not going to behave like Medanta or Mankind. Think and act accordingly. My views not against Concord or in favor of Srivari.
My best wishes of all.

@Sahil,
Srivari is better than Concord in terms of profit but allotment will be rare. But better to apply in Srivari.
As far as number of lots is concerned, apply equal lots in all three. I have never applied more than one lot in SME, I have never thought about this point.
Please take the opinion of other members in this regard also.
Members are requested to share their opinion to @Sahil.

@PKRAJ  sir -thank you

​@Monster Zero , @abc xyz @SSingh @sahab @Viraj.  - sir request your guidance pl on above query

As per working capital projections, for FY 23-24, receivables will be Rs 12.08 cr and 144 days of gross sales. This implies revenue of Rs 30.62 cr which is 14% lower than 22-23 revenue.
YoY Advt & business promotion expenses have increased from Rs 10.80 lacs to Rs 153 lacs, transport charges from Rs 6 lacs to Rs 17 lacs and Electricity expense from Rs 13 lacs to Rs 26 lacs
Salaries and wages have doubled YoY from 20-21 to 21-22 to 22-23. Promotes will now get salary of Rs 1 cr per year which is almost half of the 22-23 salaries and wages
YoY, while sale of products has almost doubled, cost of materials as % of sales has come down from 81% to 70%. While everybody else if feeling the pressure of price rise, how the company has managed to reduce cost of materials and increase profitability is unknown
Company has borrowed heavily from assorted NBFC like Clix Capital Services Private Limited, Kisetsu Saison Finance (India) Private Limited, Poonawalla Fincorp, Ashv Finance Limited etc at rates ranging 17.75% to 19.50%. IPO proceeds will not be used to repay these expensive borrowings.
Poor cash flow, an effect of pumping sales by giving liberal credit and increasing inventory continuously over last 3 fiscals
EBIDTA of last 3 fiscal is Rs 834.52 lacs while increase in receivables and inventory over last 3 years is Rs 20.28 cr
Anchor investor includes Neomile and Zinnia, not sure how to interpret that.

Good analysis sir!
Sme euphoria is at peak. People applying in fomo.

I think Orina's money will be utilize here if money would get unblock intime.

Yes, waiting for unblocking of Oriana Power IPO

With Oriana fund unblock, os is going to be many 100 fold.