Earthstahl & Alloys Limited IPO Message Board (Page 13)

Valuation is Superb

Hello sir
Thanks

Sir what is your view on Ducol sme stock

I have recently opened minor account in HDFC Bank but unfortunately HDFC Securities is not providing trading account facility for minor (they provide only demat account). Same is case with other banking brokers.
Even pure broking house like Motilal, Kotak Securities etc who deal in SMEs don't provide trading account facility for minors.
Some brokers like Angel who provide minor account don't deal in SMEs.
On the other hand, online brokers like Zerodha are asking for opening accounts for both minor as well as guardian and one needs to transfer allotted shares from minor's account to guardian's account for selling the same.
Since I already have my account in Kotak Securities, I want to open only my minor son's account.
As per SEBI guidelines also, minors can apply for an IPO. Now the question is if shares are allotted, one needs to sell them on listing, consithe risk involved in SMEs.
I request my fellow members who are having minor accounts to please guide me regarding best brokers (WHO SPECIFICALLY PROVIDE TRADING ACCOUNT FACILITY FOR MINORS AND ALSO DEAL IN SMES), so that I can complete my pending Demat and Trading Account for my minor son.
I will be highly thankful for your kind cooperation🙏

@iposhare, yes you can open account online through prostocks website

@IPO share, I have opened one today with Prostocks (still waiting for activation), everything is done online.

The cast iron lumps produced by company constitutes 80.43% of the revenue from manufactured goods for the period ended on FY 2021-22 respectively and is mainly used as a raw material for making steel or iron in foundries.

Any downturn or cyclical fluctuation in both these sectors could reduce the demand for the products which can adversely impact the business, results of operations, cash flows and financial condition..

@abc xyz -is it better to apply 3 lot from 6 different accounts as you said last time to apply same application number from different accounts. Pls help me I am not getting any ipo after blocking of 25 lac as well . It hurts a lot 🪔

Opening bhav
Adani 57/59
Aristo 35/40
Dharni 3/4
Earth 30₹
Gayathri rubber 4/5

Can anybody guide what is the maximum amount allowed for this for HNI after market maker allocation?

Dosto,,,,,Ye page Earthstahl & Alloys IPO ka hai to isme comment karna hai to yehi share ka karna, Adani ya dusra share comment usne page me nakar karna chahiye

I hope, no new SME IPO will open in the Budget week. Any new ipo should come after refund of Earthsthal.

I have a serious question related to this IPO, experts please reply.

ये Earthstahl का सही उच्चारण क्या है? 😅

₹45000 Subject2

One more from Hem.

company posting this kind of profit raises eye brows let the dust settle post listing but as @ arjun rajkot has pointed out correctly its better to avoid

Gmp 15 as per one trusted website 🙏

Can anyone please tell at what PE this IPO is being offered?

@Pawan Leo
Based on FY22 PE is 6.5 and on the basis of H1 FY23 (Annualised), PE is 4.22.

Today PNGS Gargi again upper ckt
Board meeting for the December quarter result on 6th Feb 2023.

Sixer on first day st 30k

💰👌

Few Take Aways from Draft

1. Company Defaulted Loan in 16-17-18. Loan was from BOI and then opted for 50% Payment in 2018 via One time settlement
2. Profits instability due to comodity Cycle biz In 2019 They faced Loss
3 Lot of litigation matters pending For Company, They external litigation and some Tax liability which are 2 Cr+
4. Promoter Shared Pledge and Personal Liability
5. High Debts more than 10 Cr
6. Inflated Profit in last year against Market Cap of 50 cr.( Apx)
7. Promoters having many companies which are doing same in line Business.

However after Closure in 2016

Things After that have turned around for them.
I am only worried will they be able to post same margins as Posted in last 18 M

Thank you sir for your valuable inputs

Thank you for your detailed analysis

Dear experts ,
Which is best to invest for long term earthstahl & alloys OR chaman metallic
Little bit confused here please share your view
& I don't want to invest in both companies due to lack of money

CHAMAN… You can compare both after Davda sir’s review… Fark Saaf Hai…

Though presently in game of lc/uc my answer is also chaman. Earthstahl will give more listings gain, for holding for long run chaman is safe candidate.

It's hem securities vs Adani enterprises. My bet is on Hem. Also big share and Hem. A great love story.

What magic to get allotment, for poor investors like me.

One more SME IPO "Gayatri Rubbers and Chemicals Limited" is opening on Jan 25, 2022.

if from 25, Transvoy will be better option in all aspects.

Ye sab ek saath hi kyu aa jate he
Line me nahi aa skte 😏

Good Balance in qib and nii.
Dates overlap with adnani, in subscription it will defeat adani will collect ~ 1/4th of issue size of adani. will be the sme of year.
Recommendation: ff n hold for 1 yr Jai hem n bigshare.

please read this as reply to @ssingh.
@admin chittorgarh.com please provide option to delete wrongly posted comment.