Electro Force (India) Limited IPO Message Board (Page 2)

12. Akash.sharma | Link | Bookmark | December 19, 2023 2:59:30 PM

In SME IPO the allocation of shares to HNI is on Lottery basis or its on proportionate basis.

Please Clarify

12.1. G profit | Link | Bookmark | December 19, 2023 3:44:23 PM

IPO Mentor (1000+ Posts, 200+ Likes)

If ipo is oversubscribed, only lottery. You can view basis of allotment of concluded ipos

11. k l patel | Link | Bookmark | December 19, 2023 1:15:54 PM

Top Contributor (400+ Posts, 100+ Likes)

dilip dawdaji saying some data is missing, and might be deliberately not disclosed. and suggesting to avoid this ipo. & no gmp here. so i m avoiding this

10. Josh Machine | Link | Bookmark | December 19, 2023 1:49:02 AM

Looks like fake GMP is also created to sail the IPO. Their other business in Daman by the name Electroplast is better managed I can say. Hospitality business from the same group is doing better.

9. NeoLongus | Link | Bookmark | December 18, 2023 8:04:33 PM

IPO Mentor (700+ Posts, 300+ Likes)

Fundamentally, I'm not averse to OFS in IPO's but a 25 cr OFS component out of an 80 cr IPO in such a small company is rather discomforting. 5-10 cr OFS would have been understandable but 25 cr is rather significant. Avoid for me.

Keep minting!

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9.4. rohiitian | Link | Bookmark | December 19, 2023 3:57:23 PM

IPO Mentor (700+ Posts, 400+ Likes)

@NeoLongus appreciate your view. While I agree the amount of OFS is debatable, I've been taught to look at it differently - there is a certain type of business where founders should be encouraged to take money off the table (high growth, high PAT businesses); this will allow the founder to crucially take more risks and hopefully grow faster since he's also made some money for himself in the process.

9.5. Aaashish | Link | Bookmark | December 19, 2023 4:28:08 PM

Top Contributor (200+ Posts, 100+ Likes)

@rohiitian
Rohit bhai

if business is generating goog cash and don't need external cash for expansion, How come diluting equity will help promoter make money

if PAT and OPM remains high, share price will become rocket and promoter equity will grow exponentially

selling a small part to buy a house or do charity is fine but diluting close to 30% seems extreme

8. Josh Machine | Link | Bookmark | December 19, 2023 1:43:13 AM

I know this company very well as they are a supplier to my company. I will not apply as I don't have any confidence on the management of the company & more so as they are asking for an unrealistic valuation.

7. MTV | Link | Bookmark | December 18, 2023 12:15:45 PM

Sanjiv Bhasin recommends to go with FF for listing and short term gains .. very optimistic about the company

6. Ipoaspire | Link | Bookmark | December 18, 2023 12:24:46 AM (300+ Posts)

Retailers be careful.worst LM.see it's past performance especially GRAPHISAD.. continuously LC

5. Rajeshalc | Link | Bookmark | December 17, 2023 12:32:08 PM

Very high valuation ..
better to avoid
In sme apply for Shanti Spintex limited
PE of 11 & good lead manager .
Hem securities always a good listing

4. kishenharendra | Link | Bookmark | December 17, 2023 10:02:08 AM

Top Contributor (300+ Posts, 100+ Likes)

New MarketMaker
Very big sized sme
Greedily priced
Avoid rating by brokers
0 gmp

Let's see what kind of subscription this will get!

3. GrowYourMoney | Link | Bookmark | December 16, 2023 1:49:21 AM

Top Contributor (400+ Posts, 400+ Likes)

Clear Avoid
Paisa Bachao

2. SMEARV | Link | Bookmark | December 15, 2023 10:23:23 PM (300+ Posts)

217 Cr Ka Market cap chahiye inhe.
Kya krenge itni Dhan rashi (IPO money ) ka!!!

1. kishenharendra | Link | Bookmark | December 14, 2023 8:40:57 AM

Top Contributor (300+ Posts, 100+ Likes)

Is this a new Market Maker?