81. Septa| Link| Bookmark|
December 19, 2020 9:03:40 AM
(4000+ Posts, 4600+ Likes)
Last IPO for 2020. Drop in GMP after anchor list out some source says GMP drop to 25 anyway I do not pay much attention to GMP. As I said earlier company has improved its bottom line big time from it last try to list. This business model is based on tenders and contract from local municipal corporation and we all know the corporate governance issue so many FIIs will not touch. I like this business waste handling and recycling business since it is good money business as we human will always create waste and someone needs to clean So I am applying companies like this business will not be liked many and the reason is corporate governance in the industry and there clients
76. ColdBurger| Link| Bookmark|
December 19, 2020 1:40:59 AM
IPO Mentor (1300+ Posts, 400+ Likes)
Experts one question; I want to apply via kotak ASBA this time but not sure what value I should put in Client Id when adding beneficiary details? Should I put 16 digit Demat(BO) from zerodha or only last 8 digit of Demat(BO) which is my client id at zerodha? Depository will be CDSL correct?
So far applied with zerodha via upi but not getting lucky.
Read demat account number (not dekar account number). All the demat accounts of Zerodha on CDSL plateform. So 16 digit number.
76.3. Paymzia| Link| Bookmark|
December 19, 2020 8:46:45 AM
IPO Guru (2200+ Posts, 4400+ Likes)
When you apply through net banking ASBA, Just click on select CDSL button , then NSDL automatically disabled . Then you enter 16 digits number.
76.4. ColdBurger| Link| Bookmark|
December 19, 2020 9:02:30 AM
IPO Mentor (1300+ Posts, 400+ Likes)
Thanks for the information. I had confusion even when asked zerodha support. Well I have the setup already like that CDSL and 16 digit Demat account number. Will try luck. Heigh retail portion gives confidence for long term holding if it does not fall steeply on launch. I believe waste handling business will keep growing given the pandemic and need for cleanliness. Municipalitoes not paying sucks as we taxpayers are never spared.
One of the reason is availability of liquidity . Due to WFH, WFA.. , tourism freeze , etc accidents reduced drastically, insurance claims (auto,general, etc) at all time low, Insurance companies sitting on cash. It's one of the reason driving market and ipo boom...
72. P Patel| Link| Bookmark|
December 18, 2020 10:41:29 AM
IPO Mentor (900+ Posts, 900+ Likes)
Early release of money on 21st Dec. from Mrs.Bectors will help Antony subscription to go high in HNI
72.1. P Patel| Link| Bookmark|
December 18, 2020 10:45:48 AM
IPO Mentor (900+ Posts, 900+ Likes)
correction... 23rd Dec.
72.2. lekker| Link| Bookmark|
December 18, 2020 10:47:04 AM
IPO Guru (1300+ Posts, 1900+ Likes)
you mean 23rd dec?
72.3. lekker| Link| Bookmark|
December 18, 2020 10:48:02 AM
IPO Guru (1300+ Posts, 1900+ Likes)
hope so because registrar is same in both
72.4. Johny| Link| Bookmark|
December 18, 2020 11:38:56 AM
IPO Mentor (700+ Posts, 900+ Likes)
@P Patel Kotak bank HNI releases very early so you may not have problem and be able use same funds for Antony.
72.5. P Patel| Link| Bookmark|
December 18, 2020 1:27:12 PM
IPO Mentor (900+ Posts, 900+ Likes)
@Johny - Yes Kotak bank release very early. In BK I got message around 9:30am. I am hoping for other banks so others who applied with their own funds can utilize same funds in this IPO.
Antony Waste... Totally waste of money and time..be causias.....Total earrings from 5 clients, not seen stable earrings.... dump to seen profit for IPO or specially for OFS....Its my personal opinion only....
The company is in the business of cleaning, sweeping, collection, transfer, disposal, aggregation, and treatment of waste awarded by regional government authorities. The business has a very high working capital requirement. The company is not generating free-cash-flow due to higher capex. The valuation is cheap at a P/E of 13x. Good listing gain is expected.
68. Eagleye| Link| Bookmark|
December 18, 2020 8:22:55 PM
IPO Guru (6600+ Posts, 21900+ Likes)
Antony Waste Handling Cell IPO – *Market’s Current Estimates of oversubscription*:
NII = 35.00K Crs. = ~777.82X RII = 20.00L Forms = 28.20X Applic. wise (Avg allotment of ~1.67 shares per lot)
Interest cost *@5.00%p.a.* for 7days = 30.21paise for 1X
Thus, for NII the costing = 777.82 X 30.21paise = Rs.234.94 per share (= GMP)
And, for RII the costing = 1.67 X 234.94 = Rs.392/- (= Kostak)
Till subscription, GMP will rise upto 50-60% but it'll fare like cams did due to volatile market conditions to be seen in year weekend. It's my personal view,.