After going thru prospectus this appears to be good issue. Considering pipe companies which have high p/e and growth this looks cheap. Also their client list is excellent. Metro is expanding and this shd add more revenues and profits. I am not sure about listing but 140 rs appears to be fair value of this stock and target for 1 yr
Good Luck Steel has given 300% returns in 3 years. Anyway profits for Good luck steel were same as in last year Qtr whereas profits of Hitech have increased multifold from last year.
Also market cap of good luck steel is 180 crore where hitech would be only 40 crore and hence more liquidity is required for Good Luck Steel and even small liquidity increase in hitech would increase the price
I hope this stock will give excellent returns to investors like fourth dimension also i was checking price of an SME which although in different product but similar sector Gallant Ispat it cane with similar 40 rs and is now at 400 rs stock.
@ipoanalysis your predictions has come true. hi-tech pipes had a good listing today. Keep posting about SME ipo analysis. Can I talk to you on phone? Want to learn something
Hi all, Could you guys tell me how to apply for this IPO... I have a ICICIDirect account and they do not have this IPO in the list their cust. care told me that they do not allow for subscription for BSE SME IPO. Could you guys let me know which brokerages allow application to BSE SME IPOs?
Plz dont compare this with fourth dimension. Fourth dimension is IT sector ''and greates beneficiery of digital india with no debt.
whatis surprising is why DD hasnt looked at the loan, VAT they have not paid yet. Also IOC have barred there order and require compensation for which they i think have already have paid some at and have lost the case in court
dont follow blindly . DD has given good rating to OFS technologies and it got well subscribed and was debt free too. stillit is ruling at 25 pc discount
i would not apply in this SME. Also, please give all ipo,SME a miss now
Although i personally like Fourth dimension and Cawasji Behramji business model. i have been allotted shares in IPO and have also purchased more from open market
instead look for good oppurtunities from secondary market.
below are some of the SME you can look to buy for god retruns 1)Ambition Mica- will announce bonus issue on 17th Feb. incraese in market capitilsation stock available at near 60 rs. to reach 100 rs . sales of 40 crore and profit of 3 cr annually. have posted very go0d results .
2)Jiya Ecoproducts- biomass company. greatest beneficiery of green environment. company to be 100 crore company in 2 years time results to come at 17 feb available at 23 rs will reach 75 rs in 2 years
3)Universal autofoundary- stock is the cheapest auto ancillary company with big clients like ashok leyland, eicher.
available at 30 rs stock headed for 100 rs in 2 years
4)cawasji bheramji-opened restaurant at th best locality. greate experience in logistics and supply food to almost all shipping companies in india, opening in dubai too
available at 34 rs. stock headed to 60 rs
5)fourth dimension- best company in digitisation order. will be the only candidate to apply with ricoh india for govt IT projects for gvt scehemes like aadhar card etc.
stock headed towards 300 rs in 2 years
i am calculating above on their fair value of stock.
Keep holding . It is just a reaction as they are looking to purchase company. however that will add to revenue and in long run it would increase sales and profits as well as market cap. it is a debt free company so not much to worry in long term.