Hi-Tech Pipes Ltd IPO Message Board (Page 2)

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Earthking
6. Earthking  Feb 14, 2016 08:35
Top Contributor Top Contributor (200+ Posts)
Septa and eagle eye have u looked into this SME IPO ... DD already gave thumps up ... What''s ur analysis sir ... Is it another fourth dimension ?
Septa
6.2. Septa  Feb 14, 2016 11:50
IPO Guru IPO Guru (4000+ Posts, 4600+ Likes)
looking at it books it looks like the issue is more towards working capital then additional capacity....
1. to many related group transaction
2. MIP will effect
3. Loans in book
4. very low margin 1% retail steel business will not do business at 10% margin overall cash maybe 3%
5. VAT issue overhang
6.IOC have recently reject order given the quality issue so holding lot of scrap stock since things r made to order
7. requires a significant amount of working capital for smooth functioning. For instance, for the FY 2015andFY 2014, our working capital requirements (Fund and Non-Fund based) were Rs. 167.50 Crores, and Rs. 167.50 Crores respectively. can adversely impact business operations and financial position.
8. Negative cash flows from our operating activities BIG NO NO

9. Given the name HI TECH very hard to trademark so lot of duplication is possible
10. the debt is not that bad looking at ratio of .52 it more working capital issue which may be high cost bcoz it take custom orders and tenders so any rejection and delay hit on margin
11.price is alright at 60 the PE is 11 compare that with industry heavy weight looks expensive given steel and metal have been hit big time recently with falling demand
12. With oil and gas industry is in bear phase i think future order book will be low

so given all this I AM NOT GOING TO APPLY SO AVOID
Earthking
6.3. Earthking  Feb 14, 2016 14:22
Top Contributor Top Contributor (200+ Posts)
Thanks for ur analysis ... Keep enlighten the forum ...
LAKHANI''S
5. LAKHANI''S  Feb 13, 2016 15:42
sme ipo...........kindly avoid at his best............
kiran
4. kiran  Feb 12, 2016 18:15
Hi

I am new to SME IPO. I would like to clear few doubts
For ex, i subscribed shares of VIDLI SME ipo, and i got allotment, after that
1. What is the procedure for selling shares(on which platform & How)
2. can i sell these shares at any time?

and if i did not get allotment,
3. in How many days money will be credited back to my account ?
Arup
4.1. Arup  Feb 12, 2016 18:31
IPO Mentor IPO Mentor (900+ Posts, 300+ Likes)
Kiran,1.buy or sell NSE/BSE THROUGH TRADING A/C.u need a trd a/c. 2.any trading session.9.15 to 3.30 3.2nd day.
d p
3. d p  Feb 12, 2016 15:20
very good ipo must apply
Samant
2. Samant  Feb 12, 2016 10:53
Hi guys, please tell me whether to subscribe Hi tech pipes ipo or not?
chitra kamat
1. chitra kamat  Feb 11, 2016 08:58
Top Contributor Top Contributor (200+ Posts, 200+ Likes)
This appears to be a good investment bet!







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