Most of the Retail and small hni waste their hard-earned allotment in grey and pre-open. Just presenting facts for them to make informed decisions. even in Vishnusurya many ignored facts and lost their allotments.
- This company and sector is a proxy play for India's growth story - It is from the same city and sector from which Zeal Global is coming and may perform like Zeal Global ( zeal has sizable debt on the book) - Company is cash-rich and almost Zero debt company - Promoters are educated and well-experienced, personally attended conclave - The IPO money is Growth capital and the company will expand and they will take its business to most parts of India. - after COVID there was a big jump in freight rates and the company is not getting any extra margin on that so the FY 22 top-line increased but the bottomline remained flat. - Don't go by LM and Market maker it is a potential multi-bagger so don't sell it for 10% to 20% quick money and allow smart market players to take advantage of your Anxiety.
Do your homework and take responsibility for your decision
122.1. KPCT| Link| Bookmark|
October 14, 2023 1:35:14 PM
Top Contributor (400+ Posts, 100+ Likes)
Super.
122.2. Logij Kumar| Link| Bookmark|
October 14, 2023 4:21:49 PM
Top Contributor (300+ Posts, 100+ Likes)
As per WSJ report 10 oct, freight rate has come down upto 90% world over. There will be pressure on this sector in coming days and year. How it will play out no one knows, but outlook is not good.
For me, No allotment and no fresh buying for me in this company. (N.B.- Bought 1 lot Vishnu in preopen and holding it).
After covid there was a great rise in freight rates and this companies are historically getting profit on per ton load and not on freight rates . so higher the fright rates higher the working capital requirement and so profit under pressure .They are not getting profit on fright rates . Even if you go to zeal global revenue and profit you will understand . Now Freight rate is stable and corrected considerably so all logistic and cargo companies will give good results .Most misunderstood zeal global ipo and not participated only because of this dichotomy.
Good analysis by @aaditya dhar. Nice to see you back after a long time. Correctly said that many investors mis judge the zeal ipo and couldn't able to find it's real worth. This could be another case.. this company belonging from a same sector, coming at reasonable valuation and ipo is not hyped at all and promoters quality is also good just like zeal global. Big positive is company is debt free. I m expecting here a surprise listing on positive side. Will hold my allotted lot. No buy sell recommendation.
@Vnrao Sir gmp is Rs. 10... shall we hold... got alloted 1 lot...
120.2. Vnrao| Link| Bookmark|
October 14, 2023 2:47:43 AM
Top Contributor (300+ Posts, 100+ Likes)
Since the issue is open GMP is 10 only. Despite small GMP it was heavily oversubscribed nearly 100 times in HNI category. More subscription in HNI than retail is a good sign. Taking into consideration the good model of business, and consistent growth in profit and almost zero debt, I feel it will give 30 premium at some point of time. I would like to hold my allotted lot till getting 30% premium, then depending on price action will decide.
@Vnrao Thank u Sir, but little correction :- Gmp was 10 on 2nd October... then rose to 15... 20... & 30 on 5th October.. then dropped to 25...20... 15 & then 10...
Same happened in Canarys Automation, (Subscription was 14x) it opened 40%. And still waiting for correction but it is going up, so have to wait or miss it.
Good companies are rewarded later by its performance and valuation.
GMP are games of operator, sometimes its kept low deliberately, so they can corner Good companies without any major cost.
Happy Investing.
119. Hrishikeh| Link| Bookmark|
October 13, 2023 8:32:07 PM
Top Contributor (400+ Posts, 100+ Likes)
In hdfc asba when we have to enter brokers name, if by mistake we have entered wrong brokers name then what are the chances of application getting rejected?
If it's aspirations and planning are true as per management it could be 2x to 3x in 3years.
Already it is at reasonable valuations.
Compare it with peers that are mentioned as company, it is having a niche business then other logistics players. Visit website for it services, you will surprise seeing the list of services.
P/E of other peer companies are 18 to 22. so we can expect a gain of 70% around in one year.
Good SME stocks could be next large caps. So when we talk of wipro 10000 to 400crore in 40 years only possible when we catch Good company in early years. Our India is booming so our logistics is spinal nerve of it. Rest, Happy Investing
Best Luck next time - got it I would seriously need advice on the chances of applying in for Ex - 5 Lots , 10 Lots , 12 Lots ( In comparison with what i do now , i apply always 1 LOT in my 2 Accounts - so net approx 4 Lacs ) in that i did recd once/twice - but rest are refuunds and that too i got Kundan Eddifice and in good loss so what if i consolidate all accounts and apply only 1 application with 5 or 6 Lots Is that logic correct that my chances increases or decreases 1 Lot - 4 accounts or 1 Accounts - The MAx loT possible from an individual
Please throw some light - it will help & Thx in advance