Some 12 or 13 SME IPOs are lined up for week ending 07th October. It is surprising that so many IPOs have mushroomed all at once. None of them seems convincing. Is there so much liquidity in market? Considering performance of past SME issues, is not it proper time to boycott these issues so that promoters feel forced to keep their expectations low while fixing issue price?
DO NOT APPLY. BAD SME. NO SME ABOVE 100 RS HAS EVER GIVEN RETURNS. ITS A LARGE ISSUE AND WOULD GET ENOUGH LIQUIDITY FOR THIS TO GET HIGHER PRICE. ALOS ALL RECENT SME IPO HAVE GONE DOWN
I WOULD REQUEST EVERYONE NOT TO APPLY ON ANY NEW SME.
U WOULD LOOSE MONEY IN ALL NEW SME IPO THAT ARE COMING.
IF YOU CHECK THERE IS A HURRY TO GET THEM LISTED AND OPENING AT ALMOST SAME TIME.
PLEASE CHECK PERFORMANCE OF ALL RECENT NEW SME LISTED.
JUST IMAGINE OUT OF 12 RECENT SME 11 ARE RULING EBLWO ISSUE PRICE NOW.
EVEN GOOD RATED SME LIKE CROWN LIFTERS AND ADVANCE SYNTEX ARE BELOW ISSUE PRICE NOW
STAY AWAY AND PROTECT UR CAPITAL OR BUY OLDER GOOD SME WHICH ARE ALREADY LISTED AND AVAILABLE CHEAP.
LETS BOYCOTT ALL NEW SME . ALL NEW SME WHETHER THEY ARE FROM PANTHOMATH,SARTHI,ARYAMAN HAVE ALL GONE DOWN.
The only concern in this issue are -Book value share is Rs 62.5 against issue price of Rs 220 -Trend of Revenue/sales in FY 16 was in deceasing(Revenue Rs 53 Cr in FY 16 and Rs 60 Cr in FY 15) and profit shows increase by more than 30% which create doubts
44% increase in PBT, and 11% drop in revenue (2016 over 2015).... Mainly because of 37% drop in cost of materials consumed. Doesn''t quite add up... Calling out expert members to analyze further.. Thanks
Not sure if this is a right approach, but : - Since current year earnings look a little too optimistic, I took average of current + last 2yr earnings - Over these earnings, the P/E still comes out to be around 10.4 - I think it is reasonably priced issue
Kindly comment if this is the wrong way to look at valuations. Thanks