Tridhya Tech Limited IPO Message Board (Page 6)

GMP increasing Slowly everyday.. but If I look at financials, borrowings increased 4x. Still PAT not that attractive. Red Flag !!

@Sshing, @BMSURANA, @Lokes,

Current SB2 subject to please

GMP ?

Rs. 14 (33%) Buyer.

Don't forget, LM in his history always listed with less than 10% gain. & After listing its Performance js of wealth distroyer.

Wipro 387 out of 500 accepted.......

how could we know? where you get this

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
......

Any one from Kolkata gry gmp direct contact ?

Broker dealing in grey will not contact you, as he doesn't know you, confident in you. Better you ask your broker if he know grey broker & give guarantee for you.

Looks like a company whose GMP will fall drastically after subscription close date.

Seems revenue is decreasing and borrowing is increasing...I feel it should be skipped

Company's financials don't look good to me. LM has history of wealth destroyers. Sell and apply for me as risk free money.

Respective bills hv been raised by broker. 379 out of 490 appx 22k profit in each

@Invest Pune 
If you don't mind can you please share the grey broker details with me also? If so will share mail

Company's Turnover of Rs.15cr. is half of its debt ofRs. 30 cr. Be careful in applying.

After SME Carnage in past few IPO
No effective buyer in SMEs as of now (excpt Essen and Greenchef).
May be this is due to holiday also.

Due to poor listing of recent SMEs
GMP of SME inactive today

The company revenue for 9 month ending in FY 23 is INR 15 crore with profitability of INR 2.85 cr which is impressive.
Also they have growing faster and faster every year.

When company has been incorporated in 2018, why Financial of past 03 FY not given. Moreover, huge debt of 30 cr, which is 2 tes of total revenue....Noting impressive....

First give your introduction, share market experience, account or technical charts knowledge.
Then provide small summary why you like the company or share. Don't give direct conclusion, like beneficiary or salaried employee of company.

Tridhya tech ipo on sme board is best bet so far in sme segment. The company is growing at a CAGR 50℅ yoy and is profitable

March 23 ka result bhi bata do.

If any company for IPO in July, is not disclosing balance sheet for whole previous year (till 31 march 23), means something is wrong. Otherewise they would have happily boasted the figures. After June, what is excuse. They can't maintain balance sheet or pay accountants or auditors money.

Applying here means you are willingly giving your money to the lead manager so that he returns money with discount.
Jaago investor jaago.

Bhai mujhe Linkintime mein allotment toh mil hi jayga par abhi apply karne ke liye dar lag Raha hai
Spectrum mein loss huaa
Aatmaj mein fasa pada hu

Spending 10 minutes zubacorp will enlighten you to not invest monies here.

Sub to 25k rajkot

Only sell & apply
Good trades available in market

Max Greenchef & Essen refund will be diverted to (Sanco gold Rs. 60 Buyer)

Garbled prospectus, segment revenue break up is given for stand alone basis only and not for consolidated
In standalone revenue, 99% of revenue is from IT staff augmentation which looks like placement of temporary IT staff. This is quite different from what company claims to do
Consolidated B/S shows borrowings of Rs 30 cr and some of the unsecured borrowings are at a high rate of 15 to 18% implying the level of trust and risk lenders associate with this company
Assets includes Rs 8.55 cr goodwill which is nothing but excess money paid over fair value of acquisition. Ccompany has paid too much for too less and now wants investors to do the same
Poor cash flow
Professional & consultancy charges has gone up from Rs 22.68 lacs to Rs 152.91 lacs while web development expense has gone down from Rs 244.65 lacs to Rs 22.57 lacs
Other income, largely made of rental and interest income, has gone up from Rs 32 lacs to Rs 93 lacs
Short term loans and advances include Rs 16.09 cr loan to others (no details available). For an IT company to borrow at 15 -18% and give loans from that funds is not understandable.
Prospectus does not give notes / schedules for the consolidated financials.

@chintanparikh 
chittorgarh.com is a good platform to interact & share knowledge

​@Manan Surana 
No, I am not a certified financial analyst

@YBPK Your detailed reviews are very well informative and also ready to use for the people who doesn't have time to do in-depth research or don't know how to analysis. Thank you for all efforts.

I also request all members to request CG admin to promote YBPK to higher badge for his efforts.

tridhya gmp 10