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August 10, 2017 3:37:22 AM
IPO Mentor (500+ Posts, 200+ Likes)
I will secondary markets in short span with considerable correction happening ..... I don''t see a point applying for issues where there is no allotment rather go for secondary market ..... This is my view
If u ask about issue both are good especially Lexus but again very very low allotment chances and servotech also good can APPLY !
Frankly I m not applying any and I m into really good secondary market stocks in this correction so and in Lexus I guess 25 - 30 x will be over subscription
And in case of servotech I feel good allotment chance(better than lexus) but given markets I m genuinely not sure ( case as Shanti , surevin , total after Soo much subscription )
The net profit has consistently from Rs. 0.15 cr in 2013 to Rs. 7.85 cr in 2017). Thanks to effective utilization of loans.
The sales have also increased at amazing rate.
The company spends around 70% of the net profit on interest expenses. This is critical as it is highly leveraged . This also represent higher EBITDA (Rs. 20.50 cr).
Conclusion - Very good company who can manage its finances brilliantly. Young and energetic management. Can apply for long term investment.
Looks like we can''t apply for more than one lot as 2 lots cost going above 2 lakhs. Is it possible to apply in both Non Institutional category and Retail category. Please advise.