Atmastco Limited IPO Message Board (Page 7)

Hi@rohiitianwhat are your preferences for all of todays 5 ipos in how much are you appling ff or singal lots

Will only apply in retail after looking at subscription at 2 o clock

Same Repeat and cut paste of my own post:

There are 5 SME IPOs closing on 20th FEB. I have decided to put my money in two or three of them in following preference (Reasons already mentioned in earlier posts):

Pref 1 : ESCONET
Pref 2 : THAII CASTING
Pref 3 : ATMASTCO (50:50 chance of applying, will take final call after 12 noon tomorrow, GMP is the main reason ), I may avoid also.

I have decided not to apply in following two IPOs:

1. Kalahriddhan : Despite good financials, I will not apply as Lead Manager’s past record is that of wealth destroyer. Further I have no comfort in the financials of the Company as the Company has tripled its bottomline (profit) without any significant increase in its topline (turnover). It appears suspicious to me. In SME, everything is possible, any Company can get listed at any premium, because its easy to manage due to small size, but I have no trust in the the lead manager of this Company and its financials.
2. Interiors and More : LM is good but very aggressively priced IPO and no GMP at all. Accordingly, as such poor subscription figures till now. Risky Investors may take a chance as this LM has done excellent listings in past. But I have limited funds, cant participate in all 4-5 IPOs, therefore, I skip.

Allocation in accounts where funds are limited:

1. Accounts in which Balance is for one lot only : I will go for retail application ESCONET and skip others.
2. Accounts in which Balance is for Two lots : I will apply one lot retail in ESCONET and THAII each.
3. Accounts in which Balance is for three lots: I will apply one lot retail in ESCONET and THAII each. Decision on third lot, whether to apply or not in ATMASTCO will be taken tomorrow afternoon. Even if I decide, not to apply in ATMASTCO, I will not increase a lot in either of ESCONET or THAII applications. I feel HNI will subscribe much more than retail and therefore, there is no point in applying TWO LOTS. ONE LOT APPLICATION IS BETTER THAN TWO LOTS (some times three lots also, eg WTI cabs) APPLICATIONS.
4. Accounts in which there is a balance for Four lots or more : I will apply for one lot of THAII and remaining 3 lots or more lots in ESCONET (Depending upon my decision of ATMASTCO).
5. In case some one has multiple accounts: One should try to maximise retail applications in order of preference, and if there is some unutilized funds e.g. 7 lots or 11 lots may be used in one single application. E.G. some one has 5 accounts and funds equivalent to 20 lots. I would prefer 5 retail applications of THAII and four retail applications ESCONET. Remaining 11 lots application, I will put in ESCONET.

Reasons for such allocation:
1. In SME IPOs, in the case of retail portion subscribes higher than the HNI portion, allocation is done as per average subscription (Generally).
2. Most of the times (barring a few exceptions), HNI gets more number of times oversubscribed than retail (2-3 times more, eg. WTI cabs).

Thanks for reading such a time consuming post.

​@Dhiraj Ramchandani For SME IPO if retail subscription is more than non-retail than few lots from non-retail quota will be transferred to retail before allotment so that subscription is balanced.

Eg:
Retail - 100 lots - 110x
NII - 100 lots - 50x

then ~38 lots will be moved from NII to Retail Quota, so that lot quota and subx comes as below.

Retail - 138 lots - ~80x
NII - 62 lots - ~80x

Allotment lottery process will be applied post movement of lots.

So even though NII was 50x but proportionate lottery will take place considering subs as 80x

Hope this is helps
🙏

Thanks a lot @Basuvr, now much more cleared

GMP 📉

GMP is 6. You can find out this by clicking on 'GMP' tab on this page.

How I can cancel 2 lot Nii bid .

This option is available only 3-in-1 account holder. The person using discount broker with ICICI ASBA facility are not allowed to do so.

​@Shashi Bhushan open order book. click on transaction id number. new window will open, there search for withdraw application option. u can cancel retail apln here

GMP decreasing and comes to +6 only.
Decide tomorrow to apply or not. (Mostly avoid)

Lokes sir your opinion apply or avoid

company financials looking good but low gmp, good for risk takers

From the valuation point of view, this is reasonably priced issue; only market conditions can decided the fate of it's positive or negative listing as this issue is not as strong as Thaai casting; hence take precautions before applying. If you are risk taker, kindly go ahead, I will wait till last day to decide.

My IPO pref among current lot of SME IPOs with reasons (Kindly correct me/ advise me if someone has different view, for the benefit of the members of the forum):

1. ESCONET
Positives : Reasonable issue size, Good & continuous increasing GMP trend, Good financials, reasonable pricing (according to sector)of 17 PE , excellent track record of LM, riding the IPO boom. There is a ready demand in GMP for this share, anytime.

2. THAII CASTING
Positives : Big size, Good GMP, Good Financials, reasonable pricing of 12 PE, excellent track record of LM, riding the IPO boom.
Negatives: Big size, GMP trend static. GMP available only in a few pockets, not everywhere.

3. ATMASTCO
Positives : Easy to get allotment due to - Biggest in size (This can be considered both positive & negative), Easy to get allotment due to -No QIB quota (Again, This can be considered both positive & negative), Good Financials, reasonable pricing of 12 PE, Company in Fancy sector,.
Negatives: Poor track record of LM. Low GMP. Negative trend in GMP. Some times GMP buyers are not willing to buy even at curre nt rates. Final decision can be taken on the last date after having a look at the GMP.
HNIs should wait till the last before making an application.

I am unable to make any comments on Kalahridhaan Trendz & Interiors and More, as of now.

Thanks for reading such a long post.

Regards

People who get allotment in this, might get same profit what is displayed in company icon. ( GOL ANDA)

It's actually how you view it....
1 1 1 1 1 1 1 0

​@Sharvam  I liked your perspective.
I dont know if listing be positive or negative, but good observation.

I am also applying here. let us hope for the best.

Why no QIB?

Why Gmp is falling?

NIRMAN AGRI. YESTERDAY BULK DEAL

5 SME IPO will be list on same day, so fund crisis will may happen. This factor also we seen recently for some main board IPO JANA SFB, Capital, Rashi. So fresh capital infusion would be a matter of concern.

"The issue is underwritten for 15% by Affinity Global and 85% by Comfort Securities Ltd.."
Can anyone explain what does this mean

​@IEC Maybe Affinity due to the less number of issues handled are unable to sufficiently underwrite the issue on their own and hence need another hand to mitigate risk. From investor point of view as long as the whole issue is underwritten, there seems to be no problem, whether it be "soft underwriting" or "hard underwriting", singly or jointly.

​@MuStrFc Yes it may be one of reason and previously too some sme issues also handled by two LM together.

Why GMP is falling?

ATMASCO

Notes
⚫VERTICALS
EPC
FABRICATION
DEFENCE SUPPLYING (DRDO Register)

⚫Order book
Stands at 680 Cr.

⚫CLIENTS

TATA
ADANI
DRDO
ISRO
SAIL
LT
HCC
EIL
BHEL
Vedanta

​@kapildevsharma Thanks for analysis

A must apply ipo

Reasoning for this conclusion??

​@Admin @ Chittorgarh.com  PB value is displayed wrong here. PB is around 1.25. thankyou