According to drhp qib 50% HNI 15% Retai 35%. Qib portion 16 Lakh shares already allotted to two anchor investor. Total issue is 56.6 lakh shares minus 2.88 lakh for market maker. Remaining 53.72 lakh for ipo for which 35% for retail that comes 18.8 lakh . For hni 8 lakh shares only.
Looks like promoters are converting 10cr of unsecured debt are converted to equity at 72rs. As others said here, there is some risk associated. But what is going for this, is , investors believe its a good investment. Company also have completed good projects. Pretty sure, it will list in positive. Could be a good long term one.
Debt to Equity Ratio is high at 1.02 (please do check if company has Dollar borrowings since interest costs are likely to increase for dollar borrowers) Interest Coverage is nearly 1.1 times. EBITDA Margins are fine but should be greater than 15%., from my point of view. ROE has also been disappointing and is showing downtrend ROCE is also much is also much in line with ROE trend.
Vijay Kediya invested in this company one and half month ago@62 per share.Then why we invest @72.Kediya will be earning 18%in one month.So the company is good,clients are good but price is little bit higher.
Rs 62 of Pre-IPO comes with strings attached. 1 Lock-in period of 1 Year. 2 Minimum application size is 1 Crore. One only applies in pre-ipo placement when he sees that company/share will perform after 1 year too.
On merchant banker's front, this is 71st mandate from its stable in last four fiscals. Out of last 10 listings, all have opened with a premium ranging from 1.6% to 20% on debut day.
Lets wait till last day. If Hni subscribes above 10 times we will jump into the scrip otherwise ? mark. I think retail gets fear because last two scrips including LM pantomath"s Akshar Spintex down circuit.
Dear AnkurGoel We will jump on the final day after 2pm . This is 40 cr. ipo lot of selling pressure when listing happens. If Hni not interest in this counter means we will skip because Akshar Spintex Hni 2 times Retail 9 times. Even LM Pantomath not able to support the counter and it locks down circuit at 10.05am. I sold this counter at cost at discovered price.
Proof of Vijay Kedia invested in this SME IPO: https://economictimes.indiatimes.com/markets/stocks/news/top-investors-kela-damani-kedia-andrade-find-new-money-spinner-beyond-main-market/articleshow/63970271.cms
Bid / Offer Opening Date: 14th May 2018, Monday Bid / Offer Closing Date: 16th May 2018, Wednesday Finalisation of Basis of Allotment with the Designated Stock Exchange: 21st May 2018, Monday Unblocking of Funds On or Before: 22nd May 2018, Tuesday Credit of Equity Shares to demat accounts of Allottees On or Before: 23rd May 2018, Wednesday Commencement of trading of the Equity Shares on the Stock Exchange On or Before: 24th May 2018, Thursday
Yes looks good but the only concern is declining pat with increasing revenues. I am not a short term trader, I am a value investor with long term view so it make me think otherwise a good bet.