Synoptics Technologies Limited IPO Message Board (Page 3)

Wipro 387 out of 500 accepted...

Avoid such loot and costly ipo.
Save your money for some attractive
Price band ipo.
Nifty support 19000
Tgt 19600

Nifty Short term Tagets ??

a. Below 17500
b. Range bound in 500 points
c. Above 20000

plz vote max
so wht majorities will do we don't do
u knw wht i mean...

i thinkbelow 17500 soon

Any one from Kolkata gmp direct contact ??

Out of 18 offices company has 1 leased office is Nil rent per month and 8~9 offices are leased at rent of Rs 1 per month
Other current asset, part of other current assets, have gone up from Rs 649 lacs to Rs 1149 lacs with not additional details available
As on Dec-22, Rs 148 lacs of receivables, out of total of Rs 1553 lacs is outstanding for more than 3 years Sales for 9MFY23 is Rs 34 cr and receivables less than 6 months are Rs 12 cr implying 1/3rd of last 9 months sales has not been collected
Company has borrowed from diverse banks and NBFC’s with some funding coming at 15 – 17% rate of interest. Indicates the credit and risk assessment of the company by various financial institutions.
Company has taken covid loan from Federal bank in 21-22, presumably during the 2nd wave
Decent cash flow with 20-21 and 21-22 showing good CFOB4T as compared to PBT
Revenue for 9mFY23 is Rs 34.65 cr. Based on working capital projections, FY23 revenue is expected to be Rs 66 cr and FY24 revenue to be Rs 110 cr.
Depreciation for 9MFY23, computers is Rs 62 lacs and P&M is Rs 239 lacs. Gross block as on 31-Mar-22 for computers is Rs 695 lacs and P&M is Rs1516 lacs

@YBPK  Good Analysis. Also share your view as Apply or Not as all are not able to understand your whole analysis.

@YBPK Really appreciate your efforts to chalk out every minute details of the offers. Great work done for benefit of all of us.

Adding a further information at the end on how do you view (no recommendation as such) the offer overall, will add enormous value to your efforts for everyone's benefit. Otherwise, all offers will have some issues here and there, and one can miss good offers also on the basis of a issue which is not very critical otherwise.

Looking forward to you continued analysis.👍😊

Drone Destination SME IPO (Confirmed)

Open: 07 July 2023
Close: 11 July 2023

In Kore also

@ Knightridersss, why are you repeating the same question ? do some search on CG site, u will find all the comparison.

@chintanparikh knightridersss is spaming to advertise Angel broking & IIFL both are punished by SEBI

This LM & MM duo also played dirty game in cell point SO BEWARE

Yeh toh lagata hai paisa lootne aaya hai.
Bad LM &MM combination.
All negative points already highlighted are valid ones. Not repeating here.
Big Avoid.

- very high valuation of ~ 28 p/e. peer company allied digital is trading at 11 p/e.
- Significant debt with average interest rate of ~ 15%.
- WC cycle deterioration. Net WC increased from 70 days to 131 in 2 years
- order book of ~ 28 crore. not inspiring.
- Good client names - Net APP, Cisco, HP, Dell, Hitachi, Arista, Linux etc. With most clients order book is ~ 1 crore and hence dont think its offering anything significant to them.

Average fundamentals, high valuation, large issue, low GMP, mix track record of LM / market maker. Easy to avoid.

it seems they are supporting branches / retail business of this big names hence the revenue will be lower. yet to read RHP. just guessing.

ADSL this yr 2023 profit is only 6 cr and market cap is around 589 cr and it's trading at 89 pe multiple. And it is 26 pe multiple.

First ipo try at 45/- rupees in 2018 with khambatta aggregating 13.5 crore now size increased to 56 crore with 220/- per share.

*current size 54 cr @237 with ofs

Tab company 1 cr earn karti thi aur aaj wo valuation se aa rahi hai
Anyways I am not applying
Short of funds

1) High Debt 20 cr.
2) OFS included
3) Big size
4) Average Lm performance (mix of bad and good ipos)
5) only 5 cr loan repayment out of 35 cr fresh issue.

In short totally Avoiding even with DD may apply call.

6) order book of 28cr is also not attracting.

Company has yearly sales of more than 28cr., means they don't have orders even for 1 year.

BIG AVOID FOR THIS LM, I BURNT MY HAND IN KORE......FREINDS BE CAREFUL ALWAYS......

Worst combination of lead manager and market maker. Please look at past issues and do the sane thing of avoiding.

Bhatia colour's Market Maker.
Bhatia colour listed at 50% discount on listing day.
So beware and avoid if possible.
I am avoiding.

AVOID.
LM's last 2 IPOs were wealth destroyers.
Stay away from such LMs and their IPOs to save your capital.
I will SKIP this.

Pls help me

I apply small Hni upto 2 lakh

Bank of India whitch s hni catagory I Selecte

1. Ind-Riis (individuals applying upto 2lakhs) as well as individuals/ Hufs, Trusts etc.applying for more than Rs 2lakhs

2.Noh-Nii-Others (all entities other than Qibs,bodies corporate and individuals)

Bhai, Tamare kai application karvi che? 1L wadi k 2L wadi?

Jo 1L Retail quota wadi (142,200 Rs) karvi hoy toh, Option 1.

Jo 2L+ NII quote ma karvi hoy (284,400) toh, Option 2.

Debt 19cr
big issue size : 54cr
No qib ( more in the hands on retail )
Include OFS
And LM poor performance in recent time

For me its Avoid candidate ( looks like one more Kore/cellpoint in making)

GMP 22-24
Sbt 12k

Subject to 10k.

Sell and apply for me.

Got alloted in few of my sold applications. Profit of 10k per lot fixed!!