Innokaiz India Limited IPO Message Board (Page 11)

despite good financial compare to other 2 sme ..

don't get enough response on 1st day..

lets see how it goes ahead....

GMP 7 RS

Sahab Bhai aap guru banne ke liye Ok kar rahe ho.

@Forum Moderator Please give this @sahab some higher tag urgently so we avoid seeing so many 'ok's in every IPO thread. 😎

@Gaurav DD dimer Thanks for the update !

Off Topic

In continuation to the Exchange’s notice no. 20230403-33 dated Thursday, April 03, 2023, Trading Members of the Exchange are hereby informed that pursuant to corporate actions of the below mentioned companies the revised trading lot will be as below:

Scrip Name Market Lot Revised Market Lot

Achyut Healthcare Limited 9000 4500

Sprayking Agro Equipment 20000 2000

Samor Reality Limited 10000 5000

Trading Members are requested to note the change in the market lot will be effective from Wednesday, May 03, 2023.

Rupal Khandelwal
Assistant General Manager
April 03, 2023

Correction
Not homesify, its PNGS on 10th May

Cool caps - 03/05

Anchor List Out

@Gaurav DD dimer bhai,
Any view on Varanium, Aristo and Sabarflex?
Varanium had declared some super results.

@Sanchit Jain Varanium I am holding from IPO. Read lot of negative things on twitter about the promotors. But still it turned out to be a multibagger(dunno if financials are cooked or genuine). Even when EKI was going up, lot of negative stuff was posted about the company still it became a 100x. Why not give this a chance when margin of safety if sufficient for IPO investors and it is not a crowded trade. Not recommending anything at these levels as I am having sufficient margin safety as holding from IPO.

Company is operating from Chennai, Legal advisor to the issue is from Mumbai and statutory auditor is from Kolkata.

Company has 4 lines of business – advt & mktg, event management, corporate gifting and e-commerce. Split of revenue and OPM / EBIDTA between these 4 segments is unavailable.

For a company operating in Ecommerce segment, the net block of IT assets as on 31-Oct-22 is Rs 18,000/-.

In 21-22, company had operations in Chennai, Hyderabad and Mumbai. In 22-23, it seems Hyderabad and Mumbai operations have been discontinued as there are no revenues from these locations

Material purchase which was 75% of sales in 21-22 has gone up to 86% in 22-23. However profit has increased due to sharp fall in purchase cost of gift cards and amazon vouchers (from Rs 55 cr to Rs 10 cr). Whether this is due to change in business or a new strategy is unknown.

Employee cost for 21-22 is Rs 138 lacs of which salaries to MD and WTD is around Rs 83 lacs. Company has 35 empoyees. So remaining approximately 33 employees are have combined salary of Rs 55 lacs which is Rs 1.67 lacs per annum. Indicates lack of depth in management of a company with Rs 250 cr + revenue .

Company’s investment in property, has gone up from Rs 267 lacs in 20-21 to Rs 366 lacs in 22-23. Over and above this, company has paid advance against property of Rs 484 lacs, since last 2 ½ years. Not sure whether is advance is recoverable or is impaired. What is the fair value gain in these investment and how does this capital allocation align with future business strategy

Company is consistently having more than Rs 5 cr receivables outstanding for more than 6 months. This is despite having received Rs 4 cr as advance from customers. And it has paid Rs 11.69 cr as advance to supplier. Working capital management appears to be weird.

SBI ASBA not showing this IPO

Sold Infinium today....Gained rs. 67000/ per lot.

The Company holds world record of conducting more than 15000/ roadshows.

Any updates on GMP???

Innokaiz aur de neers dono me se konsa badhiya rhega agar koi 1 hi select krna ho to

I prefer Innokaiz... Bhale hi LM me dum na ho... Company me zaroor dum he ...

@IPO VALSAD 
I totally agree with you, company me dum hona chahiye...💪

Innokaiz for me too.

Happy Investing 😄👍

Sector 👌
Company 👌
LM 🫣
Will decide apply or not on final day or if GMP is impressive.

Gmp update??

Looks good at first glance.

Good news for Exhicon.
IPO of Innokaiz is advantageous to Exhicon & re- rAting of Exhicon.
Hold tight.

- Company has negative WC. shows robustness of business.
- Stable EBIDTA margin between 3.5-4.5%.
- On diluted basis asking valuation is ~ 8 p/e considering annualized FY 2023 numbers.

There are two concerns.
- Not able to understand why company needs ~ 14 cr WC from IPO.
- Underwriting and marketing expenses of 1.27 cr each is not justified.

Overall looks decent ipo. i will mostly apply here. However i feel need of the fund are not justified and IPO is done just for increasing visibility.

After Exhicon success, I expect more such companies to tap the IPO route.
Financial looks superb, better than exhicon. Lets see how this pans out.

But the lm is pathetic ,better to buy in secondary after listing.exhicon is better than this untill then...let's see after listing

For listing it has 10 trading days and i feel it is not worth to hold funds those many days.instead buying exhicon is best which is in similar sector and can see this after listing.not applying

Financial look good
Lead manager has to improve its performance.
Still, this ipo is going to see good oversubscription.

Looks good at the first glance. Will decide after seeing the subscription figures.

Except for the past LM performance, everything looks great. Might be a FF candidate after a long time...

Website shows e-commerce store only.

https://www.innokaizindia.com/

Ad Companies like "Exhicon" doing well. But this LMs recent IPOs didn't perform well. Let's see the demand and decide.

Will see the listing performance of Ratina and take a call..