At first glance financials are not consistent (Revenue and PAT kept increasing, then decreasing and again increasing).
PAT%=2.6% which is very less (It is like if they get 100 cr revenue PAT will be 2.6 cr).
ROE and ROCE are 3.5 and 4 which are very less. Debt increased from 257 cr in FY21 to 407 cr in FY24 though they will be repaying some debt through IPO proceeds.
Business is some what unique though and everything depends on IPO pricing. As the financials are not great, they should leave enough margin of safety for investors to make money during listing and long term as well.
@SaurabhJogi What is point here to buy at cmp?? However firm is dealing in commodity business and is prune to increase in input cost as well as decline in final product. Will it be added advantage to follow pre-ipo investors especially big name participating in pre ipo offer. Further it has already added more than 110% premia over issue price. Is there any room available for upside in price in short to medium term considering FY 202425 results? Plz guide
Thought it will survive two UCs but going really strong ... will it continue for few days ???? one flipper already exited ... one more flipper yuga is still holding, he may sell his 1+ lakh shares soon .... if that too absorbed then will be great
@Earthking I heard that many big investors bought on listing day! UC may continue for few more days and then it may consolidate for a week, but it should touch 350- 400 soon🤞 Lets see 🙏
64.6. Earthking| Link| Bookmark|
June 12, 2024 9:22:52 AM
IPO Mentor (1100+ Posts, 400+ Likes)
Thanks for the reply sir ... getting stronger day by day ...
Bulk deals seem to be a mixture of flippers and those who could hold longer. More than 100% of non institutional float got taken out today. If the sales on Monday can be absorbed , we could see UCs for a few more days.
62. PLAZA| Link| Bookmark|
June 7, 2024 9:46:19 AM
IPO Guru (2000+ Posts, 1200+ Likes)
62.1. rohiitian| Link| Bookmark|
June 7, 2024 9:54:25 AM
IPO Mentor (1000+ Posts, 600+ Likes)
@PLAZA Bech diya sir at pre-open. I don't understand why a commodity corn biz is valued like this. Shayad kuch insider information hoga, but I don't know what that is.
62.2. PLAZA| Link| Bookmark|
June 7, 2024 9:58:14 AM
IPO Guru (2000+ Posts, 1200+ Likes)
@rohiitian Thank you still holding will take decision at 10
62.3. PLAZA| Link| Bookmark|
June 7, 2024 10:01:35 AM
IPO Guru (2000+ Posts, 1200+ Likes)
@rohiitian Now will take journey with this for few days what i presume.
62.4. PLAZA| Link| Bookmark|
June 7, 2024 10:02:57 AM
IPO Guru (2000+ Posts, 1200+ Likes)
as out of 23lacks free floating appx a8 lacs already traded .
62.5. PLAZA| Link| Bookmark|
June 7, 2024 10:06:09 AM
IPO Guru (2000+ Posts, 1200+ Likes)
19 lacs
62.6. rohiitian| Link| Bookmark|
June 7, 2024 10:06:29 AM
IPO Mentor (1000+ Posts, 600+ Likes)
Free float is 34L shares (CG number is wrong). Waise ye bhi UC maar diya. Euphoria aa gaya FF me :) @PLAZA
62.7. PLAZA| Link| Bookmark|
June 7, 2024 10:14:40 AM
IPO Guru (2000+ Posts, 1200+ Likes)
ok yes it is 34 lacs . Now will consider to sellat UC
62.8. PLAZA| Link| Bookmark|
June 7, 2024 10:23:25 AM
IPO Guru (2000+ Posts, 1200+ Likes)
sold at UC . Txs to god for hafty profit not expected
62.9. rohiitian| Link| Bookmark|
June 7, 2024 10:27:00 AM
IPO Mentor (1000+ Posts, 600+ Likes)
Congrats @PLAZA ji. Honestly thought 50% pop itself is too much, we got 110-120%. Good lottery to win :)