Holmarc Opto-Mechatronics Limited IPO Message Board (Page 6)

Hi , I am new to ipo's, specially sme's. Can anyone please help with example on SNII and BNII category allocation strategy. And for example if I apply in sme ipo with 32 lots and ipo is subscribed 32 times in Bnii category , than what are the percentage chances of me getting atleast one lot. ( or maybe two if minimum two lots are given in NII category).
Please , provide this information in detail , I will be highly greatful.

Govt. emphasis on "Make in India" and support for export should help this company to increase its market share. In infia there Govt. is on spending spree for new collages and increasing the medicial infrastructure. Considering this investor should look for good appriciation in short term.

Next week preference

No. 1 MADHUSUDAN
No. 2 CELLCOR
No. 3 KODI
No. 4 HOL MARC
No. 5 TECHNOGREEN

Dark Horse : Kodi I guess

Kochi based company manufacturing scientific instruments like microscope, edutech instruments, optical components and modules and analytical instruments.
Company claims it has no competition locally and its competitors are international brands selling through distributors.
YoY revenue has jumped from Rs 21 cr to Rs 29 cr. Against 40% jump in sales, receivables & inventory have gone up by 33%. While 49% of its sales is to government and government institutions, 34% is other domestic sales and around 16% is exports.
Material cost is 25% of sales while employee cost is 42% of sales.
Company disclosed it has 304 employees and as per EPFO establishment records, it deposited PF of 299 employees for Jul-23, making it one of the few companies not relying on contractual employees.
Decent cash flow for the last 3 fiscal
Top 5 customers provide 12% of sales while top 5 vendors supply 30% of purchase. Imports make up 23% of cost of goods consumed.
Breadboard, tabletops is their largest selling product category constituting 22% of sales. It appears more of a commodity type of product, based on its pictures from their product brochure.
Around 13.5% of the IPO proceeds will be IPO expenses.
For a company with Rs 29 cr revenue, it has 15 directors on its board, quite large. Experienced, technocrat management.
YoY, consumption of stores & spares, manufacturing expenses, general expenses, rates and taxes, travelling expenses jumped more than 50%.
Company paid liquidated damaged of Rs 8 lacs in 22-23, presume it is a onetime expenses
Out of receivables of Rs 6.12 cr, Rs 60 lacs is outstanding for more than 6 months.
In tangible assets, gross block of P&M is Rs 4.97 cr and accumulated depreciation is Rs 2.7 cr, implying manufacturing assets are depreciated more than 50%. Whether they will provide same productivity in remaining useful life is to be seen.
Bank borrowings are in the range of 7.5% to 9.7% while vehicle loans are in the range of 6.25% to 8.16%. Company has debt of Rs 1.66 cr as on 31-Mar-23 of which credit card debt is Rs 2.3 lacs. Why would a company use credit card to fund its business ?
Based on working capital projections, company is targeting revenue of Rs 40 cr in 23-24.

thanks. much appreciated.

​@YBPK Sir, appreciate your deep analysis. Thanks for the same. It would be more helpful if you can add your opinion whether it is worth applying or if not possible, atleast whether you are applying. I think, it can help forum members a lot to choose genuine SMEs from a mountain of new issues. 👍🙏

Experts please explain why this ipo has no gmp despite the fact that everything looks fine.
Is it wise to apply here ?
Or there is some game going on ?

I too am wondering why no GMP or enthusiasm though everything looks ok

Maybe Gujrati GMP dealers don't know this Kerala company well. Usually negative GMP are taken as ZERO. No clarity.

GMP 5

Group expert can anybody explain ROE is 0.36 is it right or typo error....
KPI      Values
P/E (x)      8.08
Post P/E (x)      11.3
Market Cap (₹ Cr.)      40.2
ROE      0.36%
ROCE      33%
Debt/Equity      0.12
EPS (Rs)      4.95
RoNW      30.70%

I like companies from Kerala /Hyderabad promoters. Gives good return in long term.

Could have named optimus prime ..

Can anybody share current subject 2 rate or GMP?

Any opinions from experts in Holmarc

Iske aaju me aur baaju me full kalesh he.

Directly clashing with 2 SMEs + 1 mainboard, indirectly clashing with 4 mainboard and 2 SMEs and if T+3 not followed then further 1 mainboard and 2 SMEs. Very tough schedule+ no gmp around high GMP issues.

​@OneSevenSevenOne  - what is the kalesh, which are peer companies ?

Maybe it's like Silent Killer (Sniper) .. Army's presence can be seen / felt .. But Sniper's presence can't be seen / felt .. Maybe something like Pramara may happen .. who knows .. Time will Say .. ✌️

Fixed price IPO, so one should enter the price manually or apply at cut-off?

Sorry, I have no previous experience.

Thanks

Price will appear directly, no need to tick cut off. Procedure may wary from bank to bank

Holmarc Opto-Mechatronics ... Name is Solid .. Hall'Mark likewise in Gold 916 etc .. Opto - Optical .. Mechatronics - Mechanical_Eclectronis .. Impressive Name .. 👏

​@courser Any video 📸 related to LIC .. ?? Perfect video tutorial for those who are expert of market since 10-20-30 years of experience .. who are simply investing with a lot of study about the company / on the company. Any foul play by company & operators in LIC ..?? You Don't get offended too ... 🤣🤣 .. ✌️

​@courser japan-ambassador-to-india-relishes-aloo-tikki-in-delhi-s-sarojini-nagar-market-with-his-wife ... they forgot about famous "PP_Waterballs" .. ?? Ain't they ..??

Must apply . good financials, wide range of products.

​@Rajesh s. We will wait for the review of Respected Dilip Sir .

Must Apply for Long Term. Good Financials and unique products. Have several Technical tie-ups and exploring International Market too.
Very Good prospective in Long Term.

Kody Technolab : 15-20
Issue price : 160
Lot Size : 800
1 Application : 128000 Rs.

RTA : KFin
LM : Beeline

RHP filed
https://beelinemb.com/wp-content/uploads/2023/09/Prospectus-Kody-Technolab-Limited-dated-September-08-2023.pdf

17,20,000 Shares fresh issue NSE
NII:RII=50:50
EPS : 7