Macpower CNC Machines Ltd IPO Message Board (Page 3)

I think DEVANG MEHTA, HARITA MEHTA & RESEARCH FOR WEALTH are new I.D.''S, created just to promote this SME.
May be relatives of RUPESH MEHTA(PROMOTERS).

Sir, I am not his relative and not any other relation with Macpower or Rupesh Mehta. It is just my opinion about company.

Umang aree with you, why suddenly new ID created and promoting the only one company without any concrete proof..

The company is asking for equity value of Rs.144 crore on the networth of Rs. 7 crore. Is public fool? There may be growth story in 5 years but at present nothing on table for investors.

If LM is so much confident about this sector, they should have choosen better CNC play like Jyoti CNC, Rajkot; Parisudh, Ghaziabad etc. Jyoti CNC Automation was having PAT of Rs. 21 crore and PAT of Rs. 140 crore in FY 2012 and had tried to raise fund in 2013, but some how issue was not fructified after filing of DRHP with SEBI.
If there was no taker for a comparatively far better company in 2013, company is just trying to exploit the buyont sentiment in primary market.
Sale of CNC is dependent on rising manufacturing activity and easy availability of loan at commercial bank (There is capital subsidy for CNC machines byGoI). Though economic activity is picking up but banks are hesitant to finance after Nirav Modi episode and situation is not going to change soon.

Thus all in all issue is not worth subscribing. Despite that, if somebody wants to bet, it is better to cover your position in grey market before applying.

P.S. LM and company were using SME IPO as shelter for LTCG and money laundering rather than raising money for genuine expansion. However, after reimposition of LTCG in Budget and IT crackdown on few SME IPOs, SME IPO game is going to be lacklustre,

Read the Rs. 140 crore figure as networth

Retail 0.98x on first day.

Looking positive

Risky IPO

Macpower CNC
RII 0.65X
Overall 0.59X

Lex Nimble
RII 0.01X
Overall 0.03X

Active Clothing
RII 0.03X
Overall 0.13X

Marvel Decor
RII 0.01X
Overall 0.15X

Please avoid
I also work in one cnc company in RAJKOT .
So I observe liquidity crunch is face by all cnc company .even some cnc company salary of employee not given timely .
Avoid
Avoid
No listing gain if thare than nominal
For cnc machine future is not good
Facing liquidity crunch

Lot of merchant bankers, promoters & yes shareholders in trouble.

https://www.moneycontrol.com/news/business/companies/i-t-department-probing-some-recent-sme-listings-for-alleged-money-laundering-2523595.html

I just go through some important chapters of Red herring filed with exchange and tender business details catch my eyes. Company has bidded nearly 302 cr. tenders that may opens at anytime and if the company get good numbers of them then it may further increase company''s profit margin.

I failed to understand what kind of deals they do with these funds. Even HSBC has also invested in anchor book.

If you calculate PE on TTM basis, I find it is overpriced.

As far as I know, it won''t list in discount but on the other hand it won''t earn you anything. This is the trend in RAJKOT companies.

I will avoid this SME, even if subscription figure is encouraging.

@. Umang

Lol! .. As always Pantomath''s math is all about tweaking numbers....may it be the results or the subscription...

And what about Tarachand? ..Have you taken a decision yet? It appears to tick all the right boxes ...May it be diversification, growth in the capacity utilisation or the business segments...

UMANG SIR, Concentrate on Sarveshwar food as many applied to it on your views, when one task will be completed sarveshwar, then only other ipo, do not mind please.

I also watch company''s CMD interview and after that I have some views...

1. Company is gst benefited
2. In house manufacturing of some important components without taking any debt.
3. 100% advance payment from regular customers & raw material procurement on credit due to this company is earning interest.
4. Company have tender business which may have more profit margin.
5. Expanding unit by their own that shows company''s strength.
6. Revenue has been increased by 64% for current f.y. that could be the reason for increased in profitability.

I think apply

listed benefits can be only considered when share valuation should be reasonable.also CNC business is cyclic and only this year is good after 2008 for machine tool. yes, it is comparable with Lokesh machine tool but it is main board equity.

also CNC machine tool bussiness is very dependent on import which can''t be avoidable.so, profit margin also very depend on gov policies for import

Price to Book value more than 5 in SME, clearcut avoid.
Even for punters who want to play, first supply (sale in grey) then supply.

and according to RHP, company have nearly 300 no. of orders with advance on hand which ensures good revenue in coming future.

Metal cutting industry as a whole having heavy indigenous demand because of non presence of metal cutting machine manufacturing com pany looking for export business.

However, there is a big vaccum in underdeveloped country where they are still mostly depends on conventional machines or poor quality Chinese CNC metal cutting machines. So, industry wise Company have great scope

Therefore, Industry like Mac Power will definatly lead in years to come.

explanation given by promoter on cnbv interview for increase in top & bottomline
1. Co expands its capacity from 425 to 600 unit per month and all investment done through Co. ''s own fund no debt taken
2. Due to GST , Co able to claim 2% cst ( now gst ) as input credit on raw material purchased
3. Co has started production of some important parts in-house which were outsourced earlier , resulted in fast production and increase in margine

Vantage Fund has subscribed full portion of Anchor investor at 140

https://twitter.com/pantomath_group/status/972357039337934848

tnks for info..... must apply...

debt free company , experienced promoter, 6 month advance order with advance payment , HSBC MF has subscribed as anchor investor
issue price at PE of 20 on 1718 earning looks reasonable

where u got information about hdfc anchor investment.... how many amount it put....

Umang sir..View on Manpower ipo

Avoid this and all SME IPOs until market conditions improve.
1. Sriram Proteins
2. Gujarat HySpin
3. SINTERCOM
4. SOUTHWEST
All the recent IPOs by Pantomath are below or around the issue price.
Baaki Paisa aapka to jaise Marzi waise use Karo!! :D

Perfect opinion.

Agree.

Many high oversubscribed issues are also available below issue price also.
Sentiments are dominating over fundamentals.

All SMEs are pricing their issue to loot the investors. Even this is priced at whooping 140 per share. Overpriced, therefore clear avoid.