Accord Synergy Ltd IPO Message Board (Page 5)

Wat is current rate of application??

I want to sell subject 2 of 5 application rs 28000/- in mehsana

sorry,
I sell subject 2 of 5 application in Rs 28000/- in mehsana

anyone interested to buy application OR subject 2 in Jaipur

anyone interested to buy application OR subject 2 in Jaipur??

Give me phone no

Bid Details for ACCORD as on 23-Jun-2017 16:40:01 IST
Sr. No      Category      No of shares bid for
1      Qualified Institutional Buyers(QIBs)      0
1(a)      Foreign Institutional Investors(FIIs)      0
1(b)      Domestic Financial Institutions(Banks/ Financial Institutions(FIs)/ Insurance Companies)      0
1(c)      Mutual funds      0
1(d)      Others      0
2      Non Institutional Investors      4,78,000
2(a)      Corporates      96,000
2(b)      Individuals(Other than RIIs)      3,82,000
2(c)      others      0
3      Retail Individual Investors(RIIs)      51,70,000
3(a)      Cut Off      0
3(b)      Price bids      51,70,000
Total      56,48,000

If u look at subcription Retail has applied more than HNI. Should we apply in this ipo around 5.7 times oversubscribed. How is the company and GMP at listing?

Don''t look at RII/HNI bids.
There should atleast be minimal subscription from QIB quota (besides MoneyMakers).
Another point is that whatever GMP provided anywhere, those are not consistent these days (especially for SME IPOs).
So, don''t run behind the GMP.
Wait till 28-june 12pm to decide.
Because in earlier case, we have seen huge bids withdrawn (from Meera I guess - not sure) on last day.
So, my 2 cents is to WAIT.

I don''t have much interest in the company ..... Given okayish promoter history and bad balance sheet .... But this counter will certainly get huge subscription .... Small issue and these days mad craze for SMEs ..... Expect 50x subscription

Can I apply for listing gains only ?

Yes

subject to Rs. 27000 In ahmedabad

SUBJECT TO 24000 RUPEES

Mare 22000 ma sell karvi che

Mare Rajkot ma 20000 ma 10 Application subject 2 ma apvi che.

Ahmedabad subject 2 24000.

kaha pe le raha he bhia...plz contect...number do to....!!!!!!!

26000 subject 2 new high .......

bhai kon le raha he....number send karo to....!!!!!!!

subject 2 21000 rate

Clear avoid. Laxmi Cotspin is available at better valuations. Be patient and wait for other SME IPOs! Or invest in quality mainline stocks!!

The earlier comment was for Globe textiles!

Subject 2 Rajkot 17000?!?!

One more point, (I assume that I''m sane) is that LaxmiCotspin and Globe belong to same industry.
Laxmi is trading at PE of 8.75 and PB of 0.68.
So, theoretically I would rather be with Laxmi than with Globe.

P.S:
ROE and ROCE of Globe is twice better than Laxmi.

Laxmi''s book closure is on 18/07/2017.
I will decide in another month, that with whom should I be with.

Prabhakaran, there was a bulk deal in Meera Industries today by Guinness Securities worth 30k shares. I am kind of surprised with this as being the merchant banker and market maker, they already hold a good stake. Since they bought more, does it mean a good sign or is it just something they are required to do?. I am asking because I know you are invested in Meera too, and I am really hopeful about the company after the recent result and declared dividend.

Allotement date ? And where we can see.

One thing I forgot to mention is that the last issue handled by Hem (Globe textiles) didn''t receive good response (got subscribed only 2.5x).
So, once Globe gets listed (assuming at discount on 23rd June), then the consistent history of Hem will change.

I really hope Globe does not list at discount. Have subscribed, also from fundamental view, it does look like a strong company.

Maybe, maybe not.
Globe (first of all) is a renowned brand and it might be fundamentally attractive (FY17 numbers were consistent), but technically it lacks attraction - with ROE and ROCE below 14%. Also the cash-flow is bi-drectional (mostly in negative) and the bookvalue is getting diminished every quarter because of rights/bonus issue and loan conversion. If you note another point in the FY17 numbers, there was an adjustment of 5.81 crore below the net-profit (I don''t have clear picture about whether the adjustment is made to tally the balance-sheet or not).
Let''s wait till Friday (having said all these, I''m sure that it will not list below the issue price and it will list in green for sure - further price movement will be with the traders).

Below are few details about last last 5 year numbers (only included important ones)

Globe Textiles (India) Ltd

Key financials (Rs.in Crs.)
Year end      Mar 17      Mar 16      Mar 15      Mar 14      Mar 13
Net sales      190.42      182.51      170.78      165.97      115.33
Operating profit      10.28      7.08      7.16      6.41      3.50
Net profit      3.25      1.57      2.44      2.23      1.34
Equity cap pd      8.71      2.90      2.90      2.24      1.88

Cash flow analysis (Rs.in Crs.)
Year end      Mar 17      Mar 16      Mar 15      Mar 14      Mar 13
NOPAT      6.31      4.53      5.02      3.99      1.98
Operating cash flow      -3.05      -7.22      9.10      -7.90      -7.23
Free cash flow      5.16      -6.37      15.68      -0.59      -6.98

Key operating ratios
Year end      Mar 17      Mar 16      Mar 15      Mar 14      Mar 13
EPS(Rs)      3.73      5.42      8.41      9.99      7.17
Book value(Rs)      28.55      74.47      69.05      60.82      49.06
CEPS(Rs)      4.66      6.86      8.79      10.22      7.29
NPM(%)      1.71      0.86      1.43      1.34      1.16
OPM(%)      5.40      3.88      4.19      3.86      3.03
ROCE(%)      13.50      11.86      14.46      17.40      16.94
ROE(%)      13.99      7.54      14.51      19.56      18.10
Debt/equity      2.01      1.69      1.90      2.19      1.76
Interest cover      2.06      1.53      1.95      2.26      3.10

Pros:
ROE and ROCE are 160% and 51% - which I have never seen anywhere. It''s simply awesome (for Mar''16).
Price/Earning (or EPS) is 7x.
Business is in expansion mode and lot of recruitment is happening. They almost tripled the workforce in FY16 and FY17. So we can see the ROE growing further.
Led by Hem. 6 out of last 6 issues lead by Hem gave positive listing; 5 of them (which got subscribed more than 20x) locked at 20% on listing.
5.8 crore issue.

Cons:
Cash-flow is negative every fiscal (but the flow is getting reduced - which could be a good sign though).
Profit and sales are stagnated for FY16 and FY17.
Debt/Equity was 18.04 (Mar15), 5.26 (Mar16) and 3 at present (it''s relatively good sign that DE ratio is coming down - still it is not acceptable).
Price/Book value is ~3 - which is on higher side for this industry.

After all, I''m slightly positive on this issue (because the PE ratio of 7 is very attractive - but the PB of 3 is expensive and also tells us how bad is their balance-sheet).
So, if this issues is also subscribed more than 20x (and there is participation from QIB), SUBSCRIBE to this issue (for listing gains). Otherwise it''s an avoid.
As the issue is very small, I''m guessing that it will be subscribed more than 40x.

Dear Prabhakaran,
Could you please help me out, What Happened ACCORD and Why price get down deeply… IS There any specific reason and impact on share price.

Accord oversubscribed more than 140 times and now SP is no response.
Thanks for your valuable advise/comments.

Regards,
Nagarajan T

Key operating ratios:
Year end      Mar 16      Mar 15
EPS(Rs)      2600.41      382.49
Book value(Rs)      2929.15      328.74
CEPS(Rs)      2840.00      330.00
NPM(%)      4.12      3.67
OPM(%)      8.69      6.20
ROCE(%)      50.73      9.90
ROE(%)      159.51      116.36
Debt/equity      5.26      18.04
Interest cover      3.87      8.67

Cash flow analysis (Rs.in Crs.):
Year end      Mar 16      Mar 15
NOPAT      3.50      0.36
Operating cash flow      -2.51      -5.42
Free cash flow      -1.56      -5.00

Key financials (Rs.in Crs.):
Year end      Mar 16      Mar 15
Net sales      63.04      8.71
Operating profit      5.48      0.54
Net profit      2.60      0.32
Equity cap pd      0.01      0.01

Balance Sheet (Rs.in Crs.):
Year       Mar 16      Mar 15
Share Capital      0.01      0.01
Reserves & Surplus      2.92      0.32
Total Shareholders Funds      2.93      0.33
Secured Loans      0.00      0.00
Unsecured Loans      11.39      5.97
Total Debt      11.39      5.97
Total Liabilities      14.32      6.30
Gross Block      1.38      0.42
Less: Accum. Depreciation      0.26      0.01
Net Block      1.12      0.41
Capital Work in Progress      0.00      0.00
Investments      0.00      0.00
Inventories      0.00      0.00
Sundry Debtors      18.12      9.19
Cash and Bank Balance      0.49      0.05
Loans and Advances      2.06      0.53
Current Liabilities      7.46      3.88
Provisions      0.00      0.00
Net Current Assets      13.21      5.89
Miscellaneous Expenses not w/o      0.00      0.00
Total Assets      14.33      6.30
Contingent Liabilities      0.00      0.00