Two year old company only export to foreign companies 80% revenue form 5 customer means white kar raha hai money ....cash ka hawlaaaa.....dege white bank me le raha hai...... Chutttt....samajh rakha hai retail bhaiyaooo kk
Naturo rehtan K badddd abhi ayvi giyooooo... Varrarium clouds....ipo
Dont apply Dont apply As This issue is fraud company no work company......fraud...... company export to fraud people who gave money for export service thsi company is only for converting black money of few rich people and converting it into white...
Stay away Stay Away..... Save Money 🤑🤑🤑🤑
Request not to apply GMP is discount....
Request.....sir dont apply save capital and hard money..... Farzi shell company hai
Mumbai me ,1 smaal room me exit karti hai...... Be aware Cautious..sszzzzzz
32.1. Trueinfo| Link| Bookmark|
September 19, 2022 7:12:15 PM
IPO Guru (1900+ Posts, 1700+ Likes)
GMP is one of the main indicators, but not the whole thing. See the listing of Shaantidoot Infra with no GMP and very low subscription vis-a-vis JFL with good GMP and good subscription. So, dear @ Growing, in reality, nobody knows, which is better. Just try your luck, the way you feel. Those with good risk appetite generally benefit, like our esteemed members @ MRavi and @Anantagg. Others, mostly enjoy good passtime blocking and unblocking funds and cursing RTA in heavily subscribed issues.
Say no to varanium, be reasonable if the GMP was 27 this IPO would have already been 2x. It's all promotional game, I suspect mr DD has also taken money for this one. This company has practically 0 clients other than promotors friend's company. Which brings us to the part of money laundring. No matter how high these people market the GMP, this will open at least -30% and retailers will be trapped. From 2nd-3rd day you'll see promotor asking his friends to apply in QIB quota to attract more retail investors. full scam ipo
@Vineeth Pali, No offence, did you open a CG account just to give this message or you will be guiding us for ongoing other SME's or future as well. To me you dont look as a new member, could you please clarify if you don't mind.
@Imhilli... very little money left, I will target any 2 of the 3 if subscription is low, only one if subscription is high. which.. will see tomorrow.
29.12. lokes| Link| Bookmark|
September 20, 2022 12:55:22 AM
IPO Guru (4400+ Posts, 5100+ Likes)
@Imhilli : i am not convinced with any of these 3 companies, neither i have any money left.... whatever funds i had, i applied in harsha and in annapurna....from these three, any one may do good in listing as per sme operator game etc but no one can say which one.....i may apply 1 retail application in varanium and in kandarp.....these may not cross 12-15x subscription....
@Abhii VPG, If most of us think same way, then varanium will be tough to get (just kidding)
It’s upto your risk appetite and fund balance. Annapurna surely will list double (or Atleast 50% if market sell off), where as veranium can be very tricky being 30 Cr issue
@Abhii VPG, Thanks :) Per quick look, company looks ok and valuation is high. If they could perform similar results as last one, I would like to take some risk to get minimum lots (2-3) and see after listing
@Abhii , Looks like this is a risky bet. Track record of promoter is not good(Allegation on data center by StreamCast Group) Around 3Cr profit from 4 Cr revenue in FY21 and not much payments towards Employee benefit in FY22, is something that needs to evaluate and also needs to read in between lines that Promoter is a CA .
On positive side , the sector ,current IPO momentum.
I am planning to bet only if the subscription is really good , otherwise will skip.
WOW! This looks like an awesome magical company. Just with an old Car it was able to generate revenue of 3.75 Cr in FY21. No employee benefit expense and no other assets. I am not even talking about the superfluous language in RHP or promoters excellent track record.
24.1. PeterEngland| Link| Bookmark|
September 19, 2022 10:41:41 AM
Top Contributor (300+ Posts, 100+ Likes)
Another thing; Salary and Wages = 147.39 lakhs AND Directors Remuneration = 752.58 lakhs, WTF Shell companies like financials.
This is enough red flag for me to skip this IPO.
24.2. Kapz| Link| Bookmark|
September 19, 2022 10:52:55 AM
IPO Mentor (800+ Posts, 400+ Likes)
@Focus SME, @PeterEngland Absolutely, cannot agree more. Hope that people start reading RHPs properly to identify what is a gem and what is a worthless stone. People (especially gullible retailers) seem to be investing in the heat of things rather than looking at company’s fundamentals, and then complain of losing their hard earned money. God bless anyone wanting to invest in this company 🙏
PeterEngland: That's only 1 person's salary i.e., of Promoter Director (as per related party transactions RHP Page No 153). Kapz: I can go on & on actually. Superfluous language, out of reality claims (yes, they talk about next billion customers for RHP Edmission Page No 93).
SMEs generally don't get high subscription only because of good RHP or good GMP but run by by market operators. Some exceptions are there. The investment is more, so risk is always there. One has to sell in lots only and not in part. Who can afford losses or invest for longer and can block money SME is not bad. People who are edict of IPOs and have good chunk of financial, they afford. I have never got any SME allotment and unfortunately get any bad allotment, it matters me. I don't have great capacity to block money for SME. People have different capacity and thinking. Luck favors the brave.
PKRAJ: To each his own. I have got quite a few multi-baggers on allotment upto 2018 & held till 5-10X but I am looking for the next big idea & have been able to buy some SME's upon listing around issue price on listing (Tejnaksh). So, my way of looking is if this is the next bid idea or not. Whether this can be bought even at listing or not at 100% listing gain. In fact I tried buying BEW on listing but AMO orders from both brokers failed to be filled for many days & I gave up.
Assuming Subscription Will Very Less Because Harsha Allotment Is On 21 & Annapurna Swadisht Is On 22 Major Money Will Stuck Their And This Closes On 20.
If Anybody Try You Luck Can Try.
Gmp 20 - 22 ( Wait Till Last Day If Market Crash More It Will Effect Gmp Which Was 22 -27 Eelier)
Do the Members comfortable with the premium of 112 for this SME. Not comfortable with figures for which such a huge premium is asking. A company like 'Harsha' is asking a premium of 320 at upper band. No doubt investors are applying and getting profit in SMEs. What ever the reason in the market. I know investors are blindly (may/may not) applying in SMEs. Let's hope for the best. May investors win.