De Neers Tools Limited IPO Message Board (Page 6)

Varinium Cloud :

Final Dividend : Rs 7 per share (Earlier interim Dividend Rs 2)
EPS : 82
Already approved for split the share to 5 paid up.
Already approved for bonus share (Ratio not declared).
For this company revenue and profit both more than 10 folds (YOY)

@MRavi @Noorun @avenue : Your view for long term holding.

PE down to 10.1 from 99
Excellent ROE and ROCE
Hope no fudging or manipulation

Varanium really looks like a gem of the SME pile. One shoud have it in portfolio pre or post bonus/split, as the pocket allows.

5 rs premium

ye manufacturer hai ya trader

supplier

Has anyone applied ?? Sadly links not available in my trading portal....

In between Innocaiz and De Neers, if one is to be chosen, which one you find better to invest. Experts please share your views.

Any premium?

@Seth ji, from what I know he only deals with people after meeting personally.
I've heard that Gujrat based brokers deal with pan India clients. You can try and get in touch with one of them.
Also, rates from Gujrat based dealers are much better than rest of India (Even I'm thinking of switching to Gujarat based dealers).
​

@GraylsThenewblack or any other member
Could you please share any Gujrat based pan India GM broker contact number?
People like me who don't have access to GM will be benefited.

Looks promising at first glance. 2 LM means "Double engine ki Sarkar"..

@Sanchit Jain Totally agree 💯

Banks sent applications after 3 pm to exchanges

Promoters have diluted stake @ Rs20.50 in Jan-23
Inventory holding period will be 288 days and recievables period will be 180 days. A very working capital intensive model which assumes that sales growth possible only through high credit period to distributer, low brand loyalty and very price competitive market
Receivables and Inventory has increased by around Rs 56 crores since Mar-20 whereas cumulative profit for the same period is around Rs 14 crores.
Cash generated from operations is negative from Mar-20. So debt and more debt is sustaining the business.
PBT margin which was around 1 ~ 1.5% has suddenly shot up to 10%.
Promoters have given interest free loan to the company of Rs 22.41 cr, over and above Rs 20 cr fund raised through issue of non convertible preference shares at very low interest. Had these funds come at normal interest rate, profit would be even lower.

Most accurate and comprehensive analysis 👌

Does it deserve Ra. 101/ ???

Client list consist of Larson, Tisco etc.

Company having A 2 Z Mechanical Maintenance tools and equipment in their products portfolio

Product wise seems good
Will wait for expert & experience members review
& Other aspects

upcaming new ipo : - innokaiz india limited date :- 28 april to 3 may 2023 price band :- 76 to 78 lot size :- 1600

Company sector and product portfolio ok. But IPO price seems to be based on super inflated latest financials. Based on this, one shouldnt be applying. Since this is SME space, my decision will now solely based on actual GMP and if that is super strong, I may take the risk ignoring financials and other fundamentals, only for listing gains if any. Not worth keeping the money invested at this high price for me.

71 years old company and applying for listing in SME platform🤔 ??

Refund of Mankind will not be available for this one

₹80 GMP in Mankind is giving 7.5% sure returns if you sell and apply. That too with almost 100% assurance of allotments. Bo harm selling 50%-75% now and remaining on last day and then apply. If this is not obvious then what’s the Obvious 😊

That's true... but I don't have access to GM. I depend fully on listing gain.😢

Ye luti huyeee riyasat jaisa kyon feel ho raha tha..
SMEs me 7-12 years wali company acchi lagti hai.. 50 years and still SME is like age huyee 15 years and abhi abhi 1st class me admission karane ki ‘sochi’ hai…
Second issue is with financials.. Clearly looks cooked ones.
Accha subscription aaya to hum bhi lagagyenge listing ya short term gain ke liye but clearly portfolio or long term holding wali koi baat nahii dikh rahi isme…

Anyone know any news about its peer taparia tools. What happened? why trading at low price is it going to be delisted. Any news about it is welcomed

@Monster zero... Bro ye financial details ke liye konsi app use karte ho

Bro , this is screener.in..i use it by saving the website link on home screen. Don't use the app, its laggy.
Data for 50 stocks in list is free, above that yearly subscription. Free works for me.

@admin chittorgarh,
31/03/2020 - Reserve (712.87 Lakhs) is more than Net worth (704.24 Lakhs)
31/03/2021 - Net worth Decrease from 704.24 Lakhs in 2020 to 320.47 Lakhs, while company is in profit.

Is the figures correct

Thanks Prachi @Team Chittorgarh.com for response, but Point no 1 is not answered.
@ultrasnow  confidence

@ultrasnow about point no. 2, partners withdrawn large chunk of their capital before partnership firm taken over, is not giving much confidence. Further, profit before IPO for the period July 2021- March 2022 and Apr - Oct 2022 in compare to previous years financials are not comparable.

Anyway all the best to all investors, who are applying in this issue.

Points of concern
1. Incorporated in 1952 and in 2023 applying as SME, Is biggest negative. At this age they must grow for main board.
2. 3 years financials present on page, clear window dressing to launch IPO.

Just wait n watch for experta call.
My mindset: जो 60+ साल में नहीं बढा वह अब क्या बढेंगा avoid

As mentioned by DD Sir above, The company, Jandewala Foods was "Suspended due to Penal reasons" from BSE. Means Stock value is now "0".

P.S. This has nothing to do with "De Neers" IPO. Just adding what happened to the company that DD Sir mentioned above.

@DD Sir
One more aspect if you could clarify.
Earlier there used be one odd/ rare SME IPO having QIB quota (may be once in two year). But, these days it is almost in most of SME IPOs having QIB quota.

Gold💛

Profile looks ok....
Financials not sure.... Will have to see details... One thing on first look is they were in existence since 1952 and for 49 years till 2021 they reached annual net profit of 65 lakhs and suddenly make a 8 fold jump in 2022. Net worth also does similar acrobatics. This literally exposes their window dressing of financials to falsely ramp up their valuations.
It may be a good company but now whatever valuations it comes up with will be a lot more than actuals. Let's see what they leave on the table for investors. And this being SME, GMP will be a factor as well.
Still will have to see other details as well before jumping in...

What is need to raise money from market after successful operation of near 50 years... that top from SME..🤔