eMudhra Limited IPO Message Board (Page 9)

Company is definitely into interesting, unique and growing sector.
There are some redflags:
1. Fy19-21 sector grew at 18% CAGR while clocked 14% CAGR in topline.
2. While indian digital trust service industry grew at 16% CAGR FY19-21 while Company's revenue from this vertical is stagnant at Rs 65 crores from during this period.
3. High related party transactions. Single largest customer (8% of total revenue) come from another company of Promoter i.e Bluesky infotech.
4. Debtors outstanding over 6 months period is of Rs 8 crores whereas it was 2-3 crores earlier. It may increase working capital requirement for company.
5. Valuation is bit streched as IPO price is fully priced.
This company can be kept on radar and maybe accumulated post listing.

@Ganesh jaiswal ji Dhanyawad 🙏😁

@krupa ji
1. For listing gain perspective it all depends upon demand and market sentiments. Though issue is aggressively priced so not much left on the table for listing gain.
+/- 10% can happen in any issue depending upon demand and market sentiment.

2. For long term perspective, they do business in interesting segment ( Digital+ Economic boom are tailwind for this company), promoters are well qualified and experienced, they are market leader (38%) in their one of business segment.
Though there are some redflags too as I mentioned before.
Considered market uncertainty and unattractive valuation I would like to miss this issue and consider it post listing if available at discount in secondary market.

Ok
thanks
Jethalal ji

Suna hai Chennai Mein GMP 50 Tak Saude hue hai??? Chennai ke Reputed GMT Bhadra Bahun Ji Bought? Abhi Wapas Sellers h.

Gmp at around 20 ahmedabad and chennai. Starting to improve

Company's business is unique and holds about 35% market share. In this field very high competition, and valuation is on higher side. Secondly all major experts are advising cautious approach on this issue. One can take a call on last day and even thinks this stock after listing.

What is expected subscription in e Mundhra ?

For those who are holding Campus activewear board meeting is on 30th May.....take note.
You may see some upward movement before results.

Thanks for your update.

Oh I read your message late and could not purchase yesterday. On Monday it will open much higher!! Seems a missed chance, I did BTST for campus with good profit.

Dear aniket iaf pls come and guide about zydus buyback

I wonder if @AniketIaf ji enjoying by keeping away from this forum? I hope he comes back forgiving everyone (If any did cross comment on him). I really miss his to the point advice for Primary as well secondary. If by chance he is reading this message then i request him to contribute again to the forum. Public forum is to express their view but it also has a limit which every member should respect.

Never applied using UPI. Would like to know how much time it takes for the amount to unblock in case of no allotment if i apply using BHIM or Paytm app with HDFC and SBI accounts.

For me, it's same as ASBA unblocking. Never delayed.

@ Jetha Lal.
I fully agree with you. That is why experts at this forum are so important to us. They guide members without any personal interest. Their sincere advise is so important.
This Chittorgarh Forum is the only place of its kind with so many experts at one place to give complete information and properly guide innocent retail investors.
My sincere thanks to Chittorgarh and all the senior members/ experts.
👏👏👃👃

@ipo share ji
Thank you 🙏
I am also a learning member and not an expert. I share my learning in market, data and information to best of my knowledge so that people at large can be benefited to take informed decision for themselves.

Though there are few very experienced and knowledgeable person on this forum and I also learn a lot from them.

Keep learning, keep earning, keep growing!!!

My analysis

- i think last 2 years, CoVID has really slowed many things because of lockdowns, cuts in spending etc..any one to grow even marginally is good. look at IPOs that came last year, most did not even grow during Covid
- this is not a services company, cannot be benchmarked with services company..this company sells IT products/solutions, so one benefit is cost is not proportional and good operating leverage could be there as they scale and grow globally (like they have said in objective of issue)
- in segments they operate, there is no single provider and customers generally dont like dealing with multiple vendors
- market for this is good in India (under digital india) but quite big globally and they have sold their solutions in 21 countries
- they have their own office, plan to repay debt - so will become debt free and will save rent - will reduce operating and finance expenses

I feel this is one for medium-long term, as story is unique and different, where there is good market scope/opportunity backed by good management team.

zydus life sciences announced buyback @650.... current rate around 350

promoters may also particpate

Retail quota 17 lakh shares. present holding with retail appx 7 crores (2.5% of total equity).
Poor ER and AR

It’s just reminding me of Happiest mind .Valuation is on higher side but definitely good to apply .fundamentally strong with superb financial and margin maintaining 30 percent .

There is simply no comparison between Happiest Mind and this company

What I meant here is this should perform the same way like happiest mind.Both are working in different digital it business so not comparing peer wise .I guess no ipo came with it business after happiest mind that why I wrote .

I am from IT, the company seems to be an interesting one.
Would be curious to know, how subscription numbers unfold.

I will probably apply here if not so bad subscription numbers will come on the last date.

@K.Atar,
The business of Fidel Softech looks interesting. They are in local language interface. That means for every program they can create an interface in indian languages. US companies when they decide to gain market share in India, they will go for companies like Fidel to create local language interface. Isn't it interesting?

@Naveen,
Yeah, i too feel that... but we can see selling pressure from day one..

Potential candidate for good listing gain. Worth applying for medium and long term also. IMO, will be subscribed heavily.

listing gains are possible if market is good

@Admin ,

kindly open buyback page for zydus life sciences

@HASH PAATNI. thanks

Apply minimum application that you can hold in case of negative listing. Company is good.
PE of 49 is misleading at 5 Ra face value.
If you compare it to other IT players. Take PE as 100.
Applying 4 lots for long term.

GOOD MORNING EVERYONE. @LOKES @ AVENEU @IPOANALYSIS and all other respected members. Kindly guide. 1. should hold LIC or not if not then where to invest after selling. 2. apply in E MUDRA for listing gains or not.

@Kanwarjit : If you are in loss in LIC then hold it, it will give chance to exit with decent price. MUST APPLY in eMudhra Ltd.

Applied

IPO is good. But the market is bad.

Fundamentals and Analysis will not be of any help in bear market. Money will be blocked for long time.

Every IPO that is listed started giving negative returns. Very risky for some more time.