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Sharda Cropchem Limited formerly known as Sharda Worldwide recently filed its papers with market regulator SEBI for its maiden IPO. While I have the DRHP (Draft Red herring prospectus) containing the company’s financial data, in this article, I would try and work out the likely price bankers may come up for the IPO. The Pricing Game If estimating cash flows, growth, and risk are the key parameters to think about in a traditional DCF valuation, in pricing a stock, we have to rely on a completely different of tools. The first thing to look at is the current price, I know it sounds counter intuitive but if you think about it, pricing is all about accepting what the market believes is the stock’s fair price, which is a function of demand and supply. With actively traded companies, the task is somewhat simple, as you can 7760*2) INR 15,520 million which translates to ~ Rs 170 on per share basis. I want to put a small caveat for all the readers who will base their investment decisions based on the above numbers. While the company is almost a decade old, it is still in a phase of subtle but consistent growth and it is possible that the current numbers may not be truly representative of the company’s future financial position. You might try and forefor e.g. An analysis of tech companies reveals to the investors that TCS is underpriced as compared to its peers in the tech industry. While the investor may be right, but if the entire industry is overpriced as a whole and a subsequent correction drops the market altogether, the investor will still end up on the losing side.) With Sharda coming up with its IPO, I think, a thorough intrinsic valuation of the company based on its fundamentals will not only give a better picture on whether or not you should invest in the company, it will also give you a plank to hold on to, a factor missed by the pricers. In my next article, I will try to come up with an intrinsic value of the company to help the readers take a more informed decision, and perhaps debate on the assumptions I will base my valuations on.
Is it worthful IPO? What is the Greg market rate? Plz suggest? Apply or not?
what are number of times it is subscribed in HNI catergoty
how to find it on nde site???
300 share category oversubscribed by 18.5 Times and overall 41 times in retails means 1 out of 18 will get 300 share while... 1 out of 3 will get 300 under 4200/2 lac category.....
How about applications in between 1 lot & 14 lot.
That means allotment probability will be different for each lot category .
1 lot category 1/18
2 lot category x
3 lot category y
4 lot category z
......Finally as you say for
14 lot category it is 1/3.
Are you sure?
Need a short help....
Have applied through IIFL for 1 lot from ledger balance. it showed order placed successfully, but not able to find application number for my order. Have any idea how to check ?
क्या snowman आईपीओ का पैसा तब तक अकाउंट में आ जायेगा ताकि यही पैसा हम शारदा वाले आईपीओ में लगा सके
Can anyone tell - Which method will be applied for allocation, as this IPO is hugely oversubscribed.
Though I didn''t applied in snowman IPO as I knew that on a day before last day whatever retail subscription is, the final figures are 3 times ie.40 times. Now as this IPO generated the decades highest subscription, its going to give massive returns. Also one can buy the parent company gateway distriparks now @ Rs.265 so that by time snowman lists around 11 September, even Gateway will appreciate @ can give good returns. That''s why rather investing 200000 in Snowman & no guarranty of allotment, invest in gateway till snowman list, then buy snowman on listing day & sell for good gain.
just went through ........ investo bharat...........in which regarding wonderla ipo rohit singh has predicted 105% rise at the time of ipo....
WHAT IS LISTING ALLOTMENT DATE AND LISTING DATE ???
I think it is better to go for an ipo coming on 5th Sept to 9 Sept, the name is Sharda Cropchem Ltd., instead of this ipo
very refreshing article. Look forward to your next article for Sharda''s intrinsic value.
SNOWMAN LOGISTICS LIMITED
Sr.No. Category No.of shares offered/reserved No. of shares bid for No. of times of total meant for the category
1 Qualified Institutional Buyers (QIBs) 22050000 32864100 1.49
1(a) Foreign Institutional Investors(FIIs) 2550600
1(b) Domestic Financial Institutions(Banks/ Financial Institutions(FIs)/ Insurance Companies) 16630200
1(c) Mutual funds 45900
1(d) Others 13637400
2 Non Institutional Investors 6300000 5180700 0.82
2(a) Corporates 1841100
2(b) Individuals(Other than RIIs) 3141900
2(c) others 197700
3 Retail Individual Investors(RIIs) 4200000 54335700 12.94
3(a) Cut Off 48172500
3(b) Price bids 6163200
Total 32550000 92380500 2.84
Sr.No. Category No.of shares offered / reserved No. of shares bid for No. of times of total meant for the category
1 Qualified Institutional Buyers (QIBs) 22050000 219538500 9.9564
1(a) Foreign Institutional Investors (FIIs) 39101700
1(b) Domestic Financial Institutions(Banks/ Financial Institutions(FIs)/ Insurance Companies) 89762700
1(c) Mutual Funds 51767700
1(D) Others 38906400
2 Non Institutional Investors 6300000 607045800 96.3565
2(a) Corporates 434588400
2(b) Individuals (Other than RIIs) 172406100
2(c) Others 51300
3 Retail Individual Investors (RIIs) 4200000 127052400 30.2506
3(a) Cut Off 121283100
3(b) Price Bids 5769300
4 Employee Reserved 0
4(a) Employee (Cut off)
4(b) Employee (Price)
5 Reservation PortionShareholder 0
5(a) RPS (Cut off)
5(b) RPS (Price)
Total 32550000 953636700 29.2976
Bid and Quantity for Snowman Logistics Limited
Price () Quantity
WHAT ARE THE CHANCES OF ALLOTMENTS??????????
retail total no of applications 252000/ it means 1 out of 18 will get the allotment by lottery
On a full application in retail segment, how much allotment is likely to happen?
ONE OUT OF THREE GET ALLOTMENT IN RETAIL.
200000 app already rec so it''s already at 14.25 time in retail
so till 5.3 1 retail rec 300 shares out of 14 retails app
AT 5.00 PM
WHOSE GET ALLOTMENT ARE VERY LUCKY.