Updater Services Limited IPO Message Board (Page 2)

Acha,.........

Sir Reading DRHP is not a science but an Art
It will develop by experience and by reading more and more
I have till date read around 70-80 DRHP's so
Still some particular things are tough for me

Don't go on reading whole 500 pages just read very important points
Which will be app.50 pages
Will share the list , what to read .

Thanks @newgen consultancy for the reply.
Awaiting for the Valuable Knowledge.

QIB somehow subscribed 4x, who will buy post listing and how will it even reach 350 ?

Would you show where is revenue growth of 40%? and there is no contingent liabilities adjustment in P&L.

I think you should first get to know what is contingent liabilities and how it is presented in books of accounts:)

Thanks 🙏

Jethalal Ji,

- Revenue growth Revenue       1,216.35 (2021)       1,497.89(2022)        2,112.09(2023) {Revenue Growth: 1497.89 + 41% = 2112 Crores}

- Profit Growth: 57.37 + 39.4% = 79.90 Crores.

However, consider the following information culled out from the RHP. The restated profit for the year FY23 was Rs. 34.6 crore as per the RHP (D). If you consider the adjustments mentioned in the RHP, the Employee Stock Option Expenses were Rs. 3.9 crore (J). Fair value changes in liability payable/paid to promoters of acquired subsidiary were Rs. 41.36 crore (K). Liability payable to promoters of acquired subsidiary no longer required to be written back (L) is Nil. In terms of valuation, the pre-money valuation works out to Rs. 1,600 crore while the post-money valuation works out to Rs. 2,000 crore. The adjusted PAT (D+J+K-L) works out to Rs. 79.9 crore. The adjusted P/E on post-money basis works out to 25x. If the adjustments made on account of the fair value changes are taken into consideration then the adjusted EBITDA will change and the adjusted value of the P/E will work out to be lower (than what can be seen due to INDAS).

👍

Applied 3 lots in one application got only one lot

In my journey of IPO, I never ever received any extra share in allotment over 1 lot and in case of oversubscribed IPO getting more than 1 lot is not possible which you are aware as well:)

Respected @Jetha Lal Sir, I just asked to confirm whether unsubscribed portion of HNI got fulfilled by retail... Again it is bad( for listing gain if any) if retail gets more share... So only just want to confirm that sir...

4th oct

Listing on 4th oct. Possible listing around 350+... But it will soon touch 400