Trafiksol ITS Technologies Limited IPO Message Board (Page 5)

0/1 RETAIL

NON-ALLOTTEE

Allotment site pe aa chuka hai
0/7

What are the allotement chances for 10 lot application?

​@Cyberdude NII subscribed 700 times, so for 10 lot app - 1/70

I don't think calculation is so straight forward for HNI applications.. as subscription level and application count is way different as each application is of minimum 10 lakh shares.

Hi everyone,
I have one question did anyone get an allotment in SME IPO in the retail category with Zerodha Demat's account? I have been applying for the last 15 months and did not get a Single Allotment.

3 retail applications.

Promoters share holding is only 66% pre ipo..is it ok?
All other Financials looks ok.

Skipped, in dearth of funds

Applied
15/3/1/1

Joined in 15 lot from one account. Vision infra fund still blocked. Of gets unblocked before 5pm then one retail can put.

Applied FF

Applied just 1 Retail

Applied

A generic question from experts. While applying do you also see if its BSE SME or NSE SME (Apart from fundamentals). Does that make any difference while applying?

Or it doesn't matter at all.

Earlier it used to when there were 90% cap rules in BSE only. Now its all the same and not a deciding factor, still NSE provides higher volumes any given day.

Heard from some of my friends that bse is liberal in terms sme ipo approval compare to nse.

Managed to apply a few Retail apps.

applied ...Jai Maa Shitla

​@ValueSeeker No it is 47lac

Applying 28/28 lots
Anybody wanna join

Hello Dear Members ,
Subscription expectation in NII and Retail ?

hi,i have 47Lac available in 3 accounts,what would be better chance of allotment,2 retail and 1 HNI,1 retails and 2 HNI or 3 HNI

​@Ptyagi bhai, I think you mean 7L, going by the options you gave. ~40L to aap PNG mein lagaoge I guess?
3 hni of 2 lots each wud require 8.4L.
I suggest 2 retail and 1 3-lot hni if you have about 7L for Trafiksol.

​@Ptyagi bhai,
Kindly ignore my above message if you indeed have earmarked 47L for Trafiksol alone.
Then, you may go for three hni applications of 11 lots each, as advised by @IPOGainers above.

As good as it gets LM/MM Combo. Some good pre-ipo names visible.

Co. is operating in transport and electrical fittings but widely recognised for catering to transport systems. Be it road parking, toll management, traffic management, emergency service system, tunnel management system (to identify work conditions, ventilation etc), smart city solutions etc. The other electrical work is installation work, most likely related to road projects.

Promoter background is not very rich, apart from Mr. Jitendra Das, none of them have true IT (Navigation, Surveillance) experience wherein the first promoter director (Praveen Dubey) has resigned and the two Das people have taken over. One of the person from this Jitendra Das had been disqualified due to non-filing of annual returns in the past for other companies but that restriction has been removed now. The company gets its EPC contracts from the second level from the highest bidders that indulge directly with NHAI, MSRDC, RIDCOR etc.

IPO proceeds around 17 cr are to be used to procure Integrated Control Centre software, more like a centralised management system for all of the work they do. Surprisingly the company from which the quotation has been received from what so little information available looks more to be experienced in Finance, Accounting, HR, ERP processes. No further information of how and what will be the use of this software going ahead. A lot of use of buzzwords like AI, Defense, IT, Smart Operations, Innovation, Renewable Energy etc.

Revenues have grown around 80% YoY with 18% PAT but the major contributor to is the electical installations which has grown around 3.5x and not the Road and Traffic management system which has seen marginal growth. There is also mention of Defense products and services but its just spares and support services. All of this has led to poor negative cash flows. There is discrepancy regarding debtors ageing more than 6 months around 35cr at one place (Page 200) and ageing less than 6 months (Page 208); which in turn creates working capital needs for which 10.4 cr from IPO proceeds are to be used. Projections are for 80% growth YoY in revenues but lacks feasibility study. Related party transaction ~10% of total revenues in particular for IPO year and purchases are visible through group company.

5.5 cr is being used to repay loans (mostly fully for Unsecured loans) which carry a near 15% interest rate. This further reduces the 14 P/E at IPO price. Employees of the company are shown in every advertised vertical of the company, but lesser so in the software and IT department. Promoter holding at only 170cr Market cap gets low than usual at around 45%.

Given the fancy for road infra and the ask price which discounts the negatives to some extent, its very well oriented for short term. But cannot make what exactly is the focus area of company with so many things going on with non transparent disclosures. Any clarity on which vertical gets scaled up with the backing of numbers cements the position for long term going ahead. As for pre-ipo names, i assume not all will be under lock in post listing and even they do not have info regarding the software purchase, so that does not become the deciding factor.

Expecting 2.5x-3x @ValueSeeker

Ended up 2.2x.
Close enough, @MuStrFc bhai.