6.1. Septa| Link| Bookmark|
February 14, 2016 11:28:32 AM
(4000+ Posts, 4600+ Likes)
i have not yet looked will read and inform soon
6.2. Septa| Link| Bookmark|
February 14, 2016 11:50:59 AM
(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
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 ?