Big client list includes metro,Raheja, tata , Adani and many others. The manufacture unit will expand further.Grab this share for long term holders and can give good rewards.
Excellent company with big clients Hold this for few months and can give better returns. I will buy on listing as did not apply but would like to pick this for long term .
Also financial performance seems to be cooked just for IPO. During first quarter of this financial year profit margin doubled when almost every manufacturer facing issue with their margins due to supply chain problems everywhere due to COVID.
21. Rafiq| Link| Bookmark|
December 16, 2021 9:05:54 AM
Top Contributor (400+ Posts, 400+ Likes)
Surprise to see only 0.08% of Employee Quota has subscribed till 3rd Day ?? Agar Employee ko bharosa nahi company pe to ham kya kare.
Bye the way website is very strong and my brother who is a Carpenter said this is good company but looking at subscription figure and no money I am not applying
We are exploring Syndication for a proposed SME IPO of a privately held public limited company in the manufacturing business of fashion accessories (All materials including leather) A professionally managed company with major international clients and substantial exports is looking to raise fund via IPO for a planned backward integration. Proposed IPO size INR 50Cr which may include some Pre IPO if need be. Consistent track record of profitability and clear visibility in terms of top line and bottom line. Zero Debt company. Email: opportunity@outlook.in
I think euro panel (good but check you have 140000/- to apply this SME), C E Info (map my India), data patterns, medplus are good to apply and I may apply these all. I will skip rest all. Other companies are with More price band, or in losses, and etc.
i have worked in this type of company these are on high demand but due to Covid construction line hit hard so i think this co. must have also effected but does not reflect on financials i think due to pre orders book
Never tried SMEs. Is there any chance that we can sell SME IPOs(with good subscription) at profit? Or is there any condition like ''only a certain portion can be sold on first day''? Since many having lot of quantity to sell(2000 is alot), how they all get buyers to buy these? Comments from who all tried SMEs at least once will be appreciable.
11.1. IpoRetailer| Link| Bookmark|
December 3, 2021 2:34:41 PM
Top Contributor (200+ Posts, 100+ Likes)
Apply in SME only if you are willing to play with fire (get stuck forever / make huge gains). Yes they trade in big lots, and mostly operators game. I got stuck with Markolines - even when it was declared as a ''good'' company, profitable, unique business, bla..bla..bla... So in short, predictions don''t always work in SME stocks. Good Luck!
10. eVA| Link| Bookmark|
November 30, 2021 10:56:30 AM
IPO Guru (1300+ Posts, 1900+ Likes)
page opened very early. I am reading IPO opening from Dec 14, 2021 - Dec 16, 2021
Dear Vijaysanghvi, nice to know that you personally know the promoters. I am going through the RHP document and will post few of my questions for you to learn more about the IPO. Thank you.
Dear Vijaysanghvi, though the IPO looks good, below observed few points from the document are pulling me back. Appreciate if you can share your views for the benefit of the group, so that we can take some direction. Thank you. 1. Unsecured loans from private lenders were at 9%. Borrowings from group company was at 15% interest rate (Page 80). 2. Appears like long term and short-term borrowings are more than IPO size. (Page 162). 3. Dishonour of cheques ~1.5Crand tax demand notices of ~1 Cr+, though they are in settlement process (Refer page 199 to 202) 4. Most of the IPOs handled by the LM has significantly eroded small investors wealth (Page 217).
Agree to that .and pretty suprising that a promoters have strong faith in company and want money to reduce debt. Financials are stable... waiting for Mr Dilip Davda''s view on this.