Sumit Woods Limited IPO Message Board (Page 2)

Allotment of SUMIT WOOD DONE I CHECKED 0/2 WHILE IT SUBSCRIBE ONLY 1.70 IN RETAIL.

Anyone got allotment? It's strange that no allotment in this IPO where I got allotment for HDFC amc in same both accounts ????

@devendra
Investors happy for not getting allotment shows the qualities of company.

As i said earlier, those who apply at lower price band, they did not get allotment. Must list at premium on monday.

Is chances of sumit to list in discount seeing current market conditions

Sir,
Why the company has been not able to do Net Profit of more then Rs.1 Crore before Accounting year 2016.Why only in the last 2 years only before going to public they were able to show net profit of more then 1 Crore . Sumit have been their in Business for Redevelopment from 2004. But only before the IPO they were able to perform with good net profit..

Brand is a big thing..In real estate, brand name means the world these days..and they have a established brand name to swear by Financiers can finance their buyers fearlessly ...

Co made PAT of 2.71 Crs in FY 2014 on Gross sales(Including of SPVs) of around 50 Crs.
From Fy2014 to FY 2017-18 Gross Sales rose to 160 Crs (Including of SPVs) & Profit by 7.74 Crs.

Investors Presentation is very much informative & can be reconciled from RHP too :-

http://valoremadvisors.com/admin/ClnUpdFile/34_IV_2763_Sumit%20Woods%20-%20Investor%20Presentation%20-August2018.pdf

                  
Company P/E       P/BV       D/E
                  
Karda       28       6.5       4.4
Ashiana Housing       31       2       0.18
Arihant Superstructures       23       2.34       2.3
CMM Infra       10.6       1.4       1.55
SWL       9       0.98       0.98


^^^ That's how those companies are positioned as of today. Also SWL is a SPV and hence has it's obligations secured and is immune to financial risks or ensuing insolvency 300 Cr.existing order book too offers an added multi year comfort on the revenue front.

Those who apply at lower price band, they will not get first preference. Only at cutt of price will get allotment.

rajkkumar ji kitni app lgayi

Dear Sahil
Sorry sir,I forget and i miss the train. Whenever hni crosses 7 or 10 times apply two forms blindly because it will list 3 to 5% gain is possible. It will list with moderate premium.

Certainly it will discover at 47

retailers ko confrm allitment milegi ya nhi

Around 50% subscription are at cut off price in retail sector.
So all subscriber will get allocation.

Cut off price is not a criteria.I think u thought that Those who didnt apply at cut off are not applied at higher band which is ur assumption o ly.

Some people get excited with oversubscription only

Tasty dairies with 100 times oversubscription is below issue price
whereas some SME which were only 1 times subscribed has given great returns

Yahan sab trader ki tarah sochte hai. Noone thinks about actual facts and figures

Agar LM does not matter how come good LM issues give return to investor till now whereas some LM have now all their issues below issue price

@ SMELOVER

SMELOVER..I perfectly understand you have a certain concerns or reservations when it comes to dealing with the SME space...But if one wants everything impeccable, there won't be no option apart from investing only in HDFC or L&T promoted companies ..Rest everything has a certain amount of embedded risk.

If one looks at this issue..the big NII bids came in only at the fag end...which means they were not meant to entice the retail investors. Also there is a FII bid in the QIB slot.

Companies like Karda are ruling at 28 p/e and save an odd CMM most others are at 20 + P/E .. This company is in the business of redevelopment which is where the big money is...and it had less than 1x debt...With overv300 crores of exisiting project orders in hand, I don't think they have a reason to shut shop anytime soon.was offered at a cheap price even if one is of the opinion that most SMEs have inflated numbers...It's still cheap....Like rites..I'm a die hard critic of government IPOs buy still recommended rites...and it delivered against all cynical instincts...

The rest though depends on the luck....No one here is clairvoyant..no one has seen the future isn't it? .

Market is proving It is fundamental, valuation of the company only which determine the response ... not LM ....

As there are few LM specific agents.

Now companies are getting good response from retailers also ... good signal for SMEs.

good response .. nice

Can HNI CAN WITHDRAW APPLICATIONS POST ISSUE I.E AFTER CLOSE OF ISSUE AS THEY DONE IN TCNS CLOTHING. IS IT TRUE. PLEASE REPLY

no they cant withdrawl there application

Hi ...would applying at the high of the price band and cut off carry the same priority during allotment? anybody?

Great ..Because I can see that CUT OFF Bids in Retail category has already surpassed the retail quota ...and my dad applied at the upper price of 45 ..So his application won't be put on a back burner ..Did I get that right?

You will get allotment.

applyy 1 lot

Yes ... i asked my dad to apply ..He did .... .. I think this will give scintillating gains on listing ...

What about you? Did you apply or not?

@Anarchist

I Applied 1 lot.

Anyone Applied??

NII 8 times

Going to apply 1 lot.. NII getting increase its now 17400000

Yes I applied 1 lot in retail

NII Getting increased 17400000

Any one suggest it's opening prize..zI applied 1 lot

Rajkumar ji aapne bhi skip kiya na?

sme lover its now 4.4X kya ab apply kre but asba not alow

Applied 1lot