Hi I am a new member, need to understand if bnii (bids above ₹10L) is not mentioned in investor category. even if its not mentioned should we assume that there is bnii category while allocating or its best to apply for nii above 2 Lakhs in ipo where bnii is not mentioned if there is oversubscription.
Shri Tech listing is decent and not that bad, though it is below GMP. Innovatus was anyway not very promising and at par listing is actually a positive surprise. In my view, if you apply in all the IPO and have fear of losing your money, it's contradicting. Apply as per your risk appetite. Always keep one thing in mind, SME IPOs are different than Mainboard IPOs in many aspects out of which risk is the most important. So apply carefully.
After the today's listing of innovatus and Shri techtex I'm in dilemma of applying in this or apply in Concord where allotment chances are very high and decent listing might be there.
48. sahab| Link| Bookmark|
August 4, 2023 11:33:16 AM
IPO Guru (1000+ Posts, 500+ Likes)
Can you please be specific? Blindly has two meanings, (1) it's a blind bet, or (2) no need to worry. Since you have open position, I am assuming (2). Little doubtful in applying here as the financial are definitely raising eyebrows. What's your view?
Also Noorul you need to clarify if you have already sold and applying... To all retailers please be careful because Noorul has access to Grey markets and usually sells and applies... I am not saying don't apply in vinsys bcz I'm sure it'll give good returns but I'm just cautioning everyone! Especially retailers who don't have access to Grey!
44.4. Suraj....| Link| Bookmark|
August 4, 2023 11:06:05 AM
Top Contributor (300+ Posts, 100+ Likes)
As per my understanding He means apply ff here and he didn't sold in grey market as mentioned by him he is applying open here.
44.5. Gingal| Link| Bookmark|
August 4, 2023 11:55:01 AM
Top Contributor (200+ Posts, 100+ Likes)
Noorul sir said 'Blindly' and 'Open' I think he means he has full faith in the company and he has not sold any position in Grey Market PS: I have exhausted my funds in Oriana, SBFC and Concord
Just saw this message. I didn't sell in grey here.. I sold in grey when I have doubt of negative listing like I did in Yason chemical, spectrum and Tridhya even in Yatharth hospital. Here negative listing not possible so applied open.
43. YBPK| Link| Bookmark|
August 3, 2023 3:57:20 PM
Top Contributor (200+ Posts, 600+ Likes)
LM + MM with impressive track record, so far Pre-ipo placement done on 6-may-23 @ Rs 126 per share Out of total assets of Rs 73 cr, around Rs 20 cr are intangible assets and goodwill. Decent cash flow in 2 out of last 3 years Jump in YoY revenue could be due to consolidation of acquired entities (page 196 of RHP) hence true YoY comparison may not be appropriate example manpower supply service revenue of Rs 14.92 cr was not existing last year. Out of total receivables of Rs 23.37 cr, Rs 2 cr are overdue for more than 6 months. Generally for training business, payments are collected within 2-3 months and company boasts of having blue chip clients. Borrowings of the company are in the range of 9 – 9.7% which are reasonable and Duetsche Bank in the lender. This indicates credit worthiness of the company assessed by the bank. Objects of the issue mentions working capital funding as 1 of the object. Supporting data is provided on standalone basis and not on consolidated basis making it difficult to estimate company’s future revenue Hands on experienced management Other current assets include “other current assets” of Rs 7.32 cr, further details unknown Good anchor investors
@Divyang M जी, आपके good कमेंट के पीछे जो भी आपके तथ्य है जिसके कारण से ये good है जरा उन्हें भी उजागर करिये ताकि सब आपकी बातो को तथ्यों के आधार पर सही मानकर इस IPO में निवेश करे|
Dilip Davda has pattern of writing ""The sudden boost in its bottom line for H1 FY23 raises eyebrows and concerns over sustainability in the future :: I don't know whether he fully understands Company in and out and comments.