Hope on listing day it won''t hit LC like Apollo though it was listed in premium but later investors won''t even able to exit at IPO price.
37.5. jstm| Link| Bookmark|
September 16, 2021 10:07:58 PM
IPO Guru (1300+ Posts, 3200+ Likes)
My Dear Friends ,
Apply , sell , exit in pre-open session if allotted & forget would be the strategy.
Though as per RHP no listed peers but we can compare with Apollo Micro which gave handsome return in 2018. It was also a 156 cr. IPO and NII subscribed record breaking 950X. Yes , as it belongs to defence sector , it is not a portfolio stock. Apply only for listing gain.
37.6. Adv Sarin| Link| Bookmark|
September 18, 2021 8:49:32 AM
Top Contributor (200+ Posts, 100+ Likes)
Many experts recounted & compared this with Apolo Micro but what happened to that company during last 3 years as I think now it''s around 116/ is it same?
They have good client base with names like ISRO, Bharat Dynamics, HAL, Kirloskar Group, TCS, Tata Power and more. The company reported revenue of Rs 145 crores in 2021 against the revenues of Rs 148 crores in 2020.
It is one of the leading ‘Indigenously Designed Developed and Manufactured’ (“IDDM”) category Indian private sector company engaged in designing, developing, manufacturing and testing of a wide range of defence and space engineering products and solutions.
Hey good morning to all of you, 3days left to complete to listing if cartrade, but not reach to issue price and now fear is to sell QIB after 3 days. Any suggestion regarding cartrade????
The "capital structure" section of RHP is interesting, I will apply and if allotted I will place a sell order on listing day at 9:15 am in the LC price. chance of allotment in retail is almost NIL.
After 31st March 2021, the company management has done private placements of 11,12,598 shares at Rs 125, where as the issue price is Rs 175. They have wiped out the accumulated profits of all the previous years and have diminished the reserves of the company and have rendered the book value and networth very much below.