Chavda Infra Limited IPO Message Board (Page 10)

incase ipo allotted can we sell it on the same day of listing.or we shall wait for someone buyer to buy our shares... pl reply

In high subscription ipos like this your sell order is like to be executed very fast because of good liquidity.
So there might be no such problems :)

Earlier LM worked with Sunflower Broking as MM
Now it seems LM is also doubling up as MM (Spreadx shares same address as Beeline)
LM has built reputation for delivering good listing gains
Good anchor book with Morgan Stanley investing in SME along with regular investors / operators like Rajasthan Global, LSRD and Neomile
YoY revenue has jumped 47% on back of 21% increase from 20-21 to 21-22
Material cost was 75% in 20-21, 74% in 21-22 and 73% in 22-23
Good cash flow for 2 out of 3 previous years. PBT of last 3 fiscal is Rs 27 cr while CFOB4T is Rs 16 cr, main culprits being increase in inventory Rs 42 cr and increase in receivable Rs 29 cr. 22-23 also saw an abnormal increase in trade payable & other liabilities of Rs 27 cr which may not be sustainable in future
Based on working capital projections, company is targeting revenue of Rs 202 cr in 23-24, a YoY growth of 25%
Top 5 customers contribute 56% of company’s revenue, down from 59% in 21-22 and 62% in 20-21. For a construction company this appears to be high customer concentration.
Company claims to have 177 employees. It deposited PF of 22 employees for June-23 and June-22.
Academic qualification of CFO of the company, Gopal Balvantbhai Rami, is Secondary School Certification (SSC – 10th Standard) pass out. Company has received notice for payment of Rs 20.36 lacs on account of late filing of taxes, return and PAN mismatch for period up to 20-21.
With debt of Rs 53 cr and EBITDA of Rs 27 cr, Debt/EBITDA is comfortably below 2
Borrowings of the company carry interest rate between 7.45% to 10.8%
Unsecured loan of Rs 5.34 cr from Directors & Related Parties are interest free, it appears.
Out of receivables of Rs 41.41 cr, Rs 23 cr is outstanding for more than 6 months while Rs 3.3 cr is outstanding for more than 1 year.
Company wrote off bad debt of Rs 95 lacs in 22-23
Inventory of Rs 57.86 cr as on 31-Mar-23 has been shown as Work In Progress, strange that there is no FG (buildings / projects completed and ready available for sale). It also has Rs 11.65 cr as unbilled revenue, due from customers, ageing of which has not been provided. Not sure if unbilled revenue is the same as work completed but not certified and hence not billed to customer.
Out of total revenue of Rs 161.88 cr, Rs 11.65 cr is towards real estate development (previous year NIL) while Rs 1.4 cr is rental income (previous year Rs 91 lacs). Strangely sales from Ready Mix Concrete is NIL, looks like all of RMC is consumed internally.
YoY construction labour expenses are flat eventhough sales have jumped 47%.
YoY rent, rates and taxes have dropped 60 %, travelling expenses have jumped 3X, professional and consultancy fees have jumped 90%. Donation has jumped from Rs 2.8 lacs to Rs 18 lacs.
Out of trade payable of Rs 59.50 cr, Rs 3.8 cr is due for over 1 year
Company has received Rs 5.06 cr as advance from customer and in turn has paid Rs 4.15 cr as advance to suppliers.

Good Observations....regarding Address of market MAKER... BEE LINE...SO DEFINITELY GAME ON HAND...
APPLY FF....

Revenue 162 Cr whereas PAT only 12 Cr
borrowing also increasing continuously.

It will see huge subscription after unblocking of Jupiter & Kahan packaging.

Anchor book 👌

Market : Lal Lal hontho pe Gori kiska nam hai..

Strong 💪 Anchor ⚓️ book.

Chavda Infra Ltd GMP ~ 39 Buyer
Sub2 ~ 82,000/- @ 10:05 pm # 11 Sep

Sir,
Eagerly waiting for your kind views regarding whether to apply or to avoid. Please share.

एक छोटे से कमरे की छत भरने के जितना प्रॉफिट तो मिल जाना चाहिए
एक RMC सामग्री ट्रक की किम्मत निकल जानी चाहिए

उससे पहले आवंटियों में अपना नाम आ जाना चाहिए।
और 1 लॉट मिल जाना चाहिए।
इससे अच्छा तो

कंपनी को सीधा सीधा घर निर्माण करने को बोल देना चाहिए।

Chavda Infra GMP - 42 Buyer / Sub2 ~ 70,000/- @ 10:20PM # 09 Sep

Market cap on IPO issue price?

At this price PE is 9.9....

Jamke pesa barsega......

Paisa toh jamke barsega
Lekin RTA limited hi barsega.
PE 13+ , not 9.9

GMP 40 BUYER RAJKOT

Dear Arjun Sir

what is the opinion on bizotic comm of you ? i think may retailers book loss in this shares along with spectrum

HDFC & SBI bank allows 3rd party ASBA?

Sbi stopped 3rd party application

I am still able to apply 3rd party application in sbi through sbi yono lite.. Sbi a/c holder can check it..

Debt/equity:1.75 is concern

Sector is important before looking at debt and it seems to fine for infra related company

MM spread X security
Just need fraction from the spread of X security =Y security for me please

💎Beeline _ Capital💎

🐝 जैसे ही लाइन लगेगी

🐝 &🌻 _ Combo

New Market Maker : Spread X Securities Pvt Ltd.