Got good lots . Planning to add further on listing . Company's is definitely good. Will hold for atleast one result I have my risk appetite and mist of the times well research stocked have done well even when they do don't have premium Like HRH Manoj ceramics ... So betting same in IBL
@KAPPO Bhai any news about upcoming sme as It is impossible to getting allotment, now a days only hope is post listing buy after detailed study Your news works a lot post listing
52.1. KAPPO| Link| Bookmark|
January 13, 2024 6:04:18 PM
IPO Guru (1100+ Posts, 800+ Likes)
No news as of now Aur news ho toh bhi likh nahi shakta yaha par
@A prem Bhai ni vat sachi che..hve ipo ma allotment possible nthi..aetle post listing pa6i j buy kri skay che..e mate @KAPPO Bhai tmari Guidance ni Bauj j jarul che amara jeva retail mate ..Koi news hoy to tme j share kri sko cho..baki aa kam tmara sivy biju koi kri ske em nthi
51. whiteFox| Link| Bookmark|
January 12, 2024 7:15:50 PM
Top Contributor (600+ Posts, 200+ Likes)
47. YBPK| Link| Bookmark|
January 11, 2024 10:36:22 AM
Top Contributor (200+ Posts, 600+ Likes)
Company is an NBFC providing instant personal loans up to Rs 50,000/- with a tenure up to 12 months. In 22-23, it disbursed over 1.22 lac personal loans with average ticket size of Rs 4500 and tenure of 5 months. Company claims that 91% of its borrowers, as on 31-Marr-23, had credit score (Equifax) over 700. Average loan size for 4MFY24 was around Rs 8000. GNPA and NNPA at 5.02% and 3.81% are high. Net interest margin was 73.19% for 22-23 (probably highest among all NBFC in India) and 16.06 % for 4MFY24. Other exp were Rs 3.37 cr for 22-23 and Rs 0.66 lacs for 4MFY24. Business support service exp, collection chgs, event mgmt. exp, field investigation & credit control exp, marketing exp, promotion exp were Rs 1.71 cr for 22-23 and Rs ZERO for 4MFY24. Advertising expe & Housekeeping exp were Rs 57 lacs for 22-23 and were Rs 7.2 lacs for 4MFY24. Whether these expense reduction is sustainable going forward remains to be seen and it has boosted profitability for 4MFY24. Page 115 of prospectus. Company has leased a 2450 sq ft office at Andheri East in The Summit Business Bay @ Rs 3.4 lacs per year. This works out to Rs 11 per square foot per month. Current prevailing rental rate in the building is Rs 200 per square foot per month. How company has managed this is a mystery. Company has offices in Gujarat and 1 office in Mumbai however 33% of its lending is outside these 2 states. With no office, no collection expense, no field investigation exp, no credit control exp, how company is managing such exposure is a mystery. During 4MFY24, other fees and income was Rs 2.44 cr while for full 12 months of 22-23, it was Rs 1.47 cr. No other details on what is the source of other fees and income. Company had 81 full time employees as on 30-Jun-23. PF deposited for 44 employees for Nov-22 and 66 employees for Nov-23. Company follows a practice of writing of dues outstanding for over 120 days, implemented from FY21-22. Write off in 22-23 and 4MFY24 aggregated to Rs 5.95 cr (PBT for the same period Rs 4.25 cr).
If this ipo would have been done by Hem or any other reputed LM to 200 times jaata. Felt nothing wrong in the company *Available at 2 P/B. * Offices at prominent locations * Promoters have skin in the game post ipo * RBI approved * Industry leaders are partners like Paytm nsdl * Good tech eco system online only loan format * Company has been able to reduce debt from internal resources * All funds will go in company providing good runway for growth * Iso certified * Status of prominent loan nbfc in Surat * No Criminal cases and clean Promoters
Yup promoter is old in this game. He was running this from different name and then got RBI license. Found it to be a fair bet. Hope listing will be good too. Next time will try and be pre closing.
46.4. sahab| Link| Bookmark|
January 12, 2024 11:17:28 AM
IPO Guru (1000+ Posts, 500+ Likes)
try to give review before marker closed well done good work