Zenith Drugs Limited IPO Message Board (Page 4)

Au bank unblocked.

Latest gmp

Hello experts, I need your guidance here.
I applied through Zerodha and mandate accepted through phonepe UPI and fund blocked in SBI account. But in Zerodha still the status showing as awaiting for mandate to be accepted.

For previous IPO applications, I used to receive an email from NSE with an attachment showing the bidding information on the early morning of allotment day. But this time, i didn't receive such email. Whether my application is valid for allotment? Whom should I reach out to check this issue?

​@Wanderer If you accepted the mandate and funds are blocked, then i am sure it is a valid application. Status sometimes does not get updated and emails also are not received sometimes.

Well, you can get to know for sure only on allotment day.

All the best..

Email from NSE or BSE sometimes comes late. Today late evening u can see allotment status on registrar website. If it shows correct number of shares applied and correct price at which applied then u can conclude that your application was submitted properly

actual GMP buyer @25

25Rs or 25%

GMP buyer Rs 25/- per share.

Applied
30/10/10/1

It's mean 60 lakh, wow 😳

Thanks for the info. But people have complained that while applying asba in hdfc, it shows guardian 's pan number...so I guess in that case there os no point..Also, few have got error when age selected as less than 18. .What is you experience

​@sashah

Does anyone got sbi minor account working for ipo application, separate to guardian 's pan ? If yes, you do get this working?

​@W. Buffett HDFC BANK for minor account is all good for IPO. Update minor PAN, Submit ASBA form and you are good to go.

Is Kotak provide this IPO application from minor option?

Applied 4 retail here

Rajasthan se ho ?

NII-350x
RII-200x subscription to expect kar sakte hai as funds started unblocking from other IPOs 👍

Retail thoda kam reh gaya bas

You were right bhai

Skipped Deem Roll and applied here considering the LM's.

Looks like another italian edibles in making.

Yes,this may not list in discount but not worth the risk.

Should have at least looked at LM's past IPO performance before comparing it to Italian Edibles.....lol

Why has subscription in two issues this and deem has gone down from approximately 800 times(as this much is in general) to 300 times. Any reasons

Didnot expect three digit subscription figures for QIB in this company

I have funds for retail application. Which one to go for Zenith or Deem? also I'm unsure whether it will go for discounted listing or liquidity issues. could someone help me out

Zenith should be the priority/safer bet. Allotment chances in both IPOs are equivalent to NIL now

Guys how can we become anchor or Market maker????

Any process

Zenith drugs analysis

As on 30 Sept, 2023

Balance Sheet Analysis
1. Total Assets are Rs. 112.49 Crore
2. PPE is Rs. 14.27 Crore (approx 13% of total asset is committed in core operations 1.5x of yr end 2021)
3. Debtors are 59.13 Crore ( and are increasingly increasing almost 2.5X in last 3 yrs ) almost 52.56%
4. Current Liabilities incl. Short term loan n creditors are Rs. 75.48 Crore

Cash flow analysis
1. Cash flow from operations are -ve( Primarily bcoz of debtors)
2. Cash flow from Investing is -ve
3. Cash flow from Financing is +ve

Company is too great for Investment.

​@AshutoshX  any chance of negative listing as subscription status is not very high and gmp can be reverted too.

Applied zenith 7/8/8/8
Deem 8/8/8/8

3/3/5

Zenith Drugs IPO,
FF Retail apps done

Zenith Drugs IPO,
0 allotment

While applying for SME Ipos... My application is getting rejected stating..Rejected by Bankdue to Technical eror. The payment remark is device fingerprint mismatch