Cadsys (India) Ltd IPO Message Board (Page 9)

Please update over subscription satta report etc

I also wanted to apply. But somebody here in this page has rightly pointed to the fact that the company has 22cr cash on book and is raising 15cr from IPO money to pay off debt. Something fishy..........any answers?

your point is correct. company has taken loan against FD. One of the object is to repay the loan. so the interest component will decrease and increase profit.

Thanks for the response. But then why buy mutual funds worth 13cr? Might as well sell those and pay off the debt. Why go for an IPO which itself is an expensive exercise? There is definitely something cooking up............beware

QIB subscription increased

Please update latest retail subscription details

Overall 0.88 times. Don''t know what to do????

Does zerodha allows trading of sme shares? My trading ac is with zerodha. Can trade sme ipo on zerodha. I am planning to apply in sme ipo for the very first time. Please advise

Yes, you can trade same as mainline.

Yes. Cadsys deserves 2-3 curcuits. Assuming 5% curcuits.

DRHP says that Cadsys''s subsidiary companies are loss making and have -ve networth too. Does it makes sense to invest in Cadsys in that case??

Dear Frnds,
Kindly suggest which IPO is best Cadsys or D P wire . As i can apply only one .

While Applying For Cadsys through Corporation Bank, My application is rejecting stating the reason Invalid Company Code.

One thing I noted in RHP is that in FY 17 company has purchased mutual funds worth 12.66 crores. I didn''t understand why they have taken taken loan of Rs 11.66 crores and purchased mutual funds.
Isn''t it mean that we are indirectly for buying mutual funds. Better we buy a mutual fund directly.????????

Correcting myself long term borrowings of Rs 8.11 crores.

What i understand after analyzing financial statemetnts - it is not for purchase of mutual funds.i think it is non-current investments i.e. purchase of foreign company assets by way of acquisition. They are doing investments in mutual funds only 10 % increase from last year. May be presentation problem.

Cadsys seems to be the best option:
Should be at least 1 circuit on listing
1) The object of issue is to repay 11 cr loan bering int rate of 15.4%- Resulting in annual savings of Rs 1.69 cr per annum & effective accretion in post issue EPS of Rs 2.26 per share
2) Debt equity ratio will come down from 0.37 to 0.18 which shall be favourable
3) The Company is sitting on a cash pile of 21 cr, which is confusing as to why the Company is going for the issue
4) The Company has a limited no of clients. this is a positive factor in this challenging IT environment if they stick to the Company
5) Dividend provided in last 4 yrs
.
At the same time, reasons for avoiding other Companies:
1) Shree tirupati balaji; The Company is bringing issue for working capital which is estimated (Rs 37 cr) higher than the net worth of the Company (Rs 17.5 cr). the Company doesn''t intend to go for expansion. So the Company shall not benefit from the issue. Also the Company is highly leveraged with respect to debt. If the Company goes for additional loans of 18Cr as mentioned in prospectus... Complete avoid irrespective of subscription figures. No dividend policy in place. Performance is also poor than Cadsys tech. Also criminal cases on promoters. Inventories & trade receivables at 2 times the networth

2) DP Wires: All the above points are equally applicable to DP Wires. So it seems to be avoid

3) Aarvi is a good Company. but the margins are bit on a lower side for a manpower agency

VERY NICE REASONS GIVEN . THANKS A TON.

In Sme Its Mostly Operator Driven

Tirupati Lead Manager is Pantomath.
Lead Manager Name is Enough To Blast the Prise.

Aarvi Lead Manager is Sarthi .
Sarthi is also Good To Take Prise high.

Cadys Prise, Perfomance Everything is good but Lead Manager is new. Will thy be able to take prise high.

You must have see example of Univastu which had good orderbook, good ronw but Lead manager was new . Cant take prise up.

Yes. I agree so many main board IPOs. But no one is getting allotments. In my opinion choose best SME IPO and invest. Be careful while choosing. See the fundamentals and growth in the sector not on times of subscription. Members your views pls.

You''re right. After applying 6 application one gets big zero, for example capacite. Then why not invest in good SME IPO. Don''t go my rumors like in innovative there is listing gain. Just see the fundamental, valuation, credible management & past performance.

Now, even in good SME IPO''s allotment is getting very tough. Got 0/6 applications in Worth.

Am having dmat/trading account with SBICAPTIAL(sbimart) and planning to apply for SME IPO. Can sme IPO (NSE) traded from sbicap ? am applying for first time. Please help.

SBI bank, is not showing any IPO''s being listed for NSE alone (Only main stream and BSE SME are visible), can I apply from another bank account(relative''s) ?

For Cadsys, end of the day subscription figure is 0.58 times with FII participation. Source: NSE

all sattodias are giving subscribe to cadsys. please be careful. no one is interested in SMEs currently due to many mainline IPOs

I am not able to find this ipo in SBI asba ipo list. so how can I subscribe for this ipo. Kindly, guide me please

fill up form from nseindia site and submit

This is same as much hyped like manav infra. must avoid

I am not able to find this ipo at the SBI ipo list for subscription. What is the problem. How can I subscribe. Anyone! kindly guide me please

Cadsys.....or.....Aarvi.....or.......Innovative...???
Cadsys looks good YOY profit wise....not much variation between last & current year performance..... Good to go for Cadsys for listing gain.....

Diffcult choice between CADSYS & AARVI. I think we need a poll before applying any. Pls everybody give your chioce on this forum so one can decide.

Both are good company... but AARVI is cheaper and can be compared as outsourcing company as well. like teamlease... so apply AARVI

Quess is also in peer group comparison????