I hope the other companies will learn a lesson from the episode of Rachana Infrastructure IPO and will fix the offer price reasonably to make it attractive to the investors.
I don't think extension of time will bring any investor to this company as with the failure of the IPO the confidence enjoyed by the company in the market has suffered a big blow.
I don't think the company will bring back the IPO soon as they might have to offer big discounts. They might try with the Private Investors/ Venture Capitalist. Might come back to the market after a couple of years time.
@lokes. I had exit sonu on second day itself.. but had to booked loss in nanavati, fone4 and rainbow.. This deadly trio had swallow my profit of campus.. still holding one lot of lemeritt.
17.5. lokes| Link| Bookmark|
May 25, 2022 12:54:11 PM
IPO Guru (4300+ Posts, 5100+ Likes)
Good decision for sonu....no idea what's happening there, it continuously going down after hitting UC first day.... luckily i got 2 hni allotment in campus so one rainbow allotment loss has taken one campus allotment profit, remaining 1 campus profit....luckily i was able to exit most sme's on time....sonu, fone4, le merit, eighty jewellers etc jeena sikho 1 sold and holding 1.....holding 1 shigan and 1 coolcaps and 1 swaraj.... i sold krishna defense also at 88 on 23rd may which i bought at 81 since don't want much risk these days....
16. Vultureee| Link| Bookmark|
May 25, 2022 11:21:32 AM
Top Contributor (400+ Posts, 300+ Likes)
Incorporated in 2001, Consistently building more than 100 lane kms of roads, and this also have experience in irrigation projects. Core business includes Roads and highways, Irrigation, Pipelines, Buildings, Mining. Completed projects include MPRDC- ADB Loan IV (Asian Development Bank) Pkg-P 4 MRD Road 102 Kms, OPAL Petro-Chemical Refinery Road work at Dajeh SEZ, C.C Road Construction for MP PWD, Vadodara Mumbai 6 Lane Highway. Upcoming Projects included- NHAI Road work for Four Lanning of Gojaria- Patan (Length 76Kms) worth Rs. 741 Cr in the state of Gujarat, Jal jeevan Project Etc. Strength- 1- Clients include MPRDC, NBCC, ADB, ONGC, LT etc. great Client list. 2 -Profit making company. Negatives- 1- 50% ofs. A risky bet. 2- LM not impressive performance. 3- Coming at PE of 47.75 as compared to akash infra- 273.69, and hec infra with a Pe of 20.33 Avoid from my side.
15. Manup| Link| Bookmark|
May 25, 2022 10:31:01 AM
Top Contributor (400+ Posts, 200+ Likes)
Risk will be high in SME as liquidity will be less and 1 to 1.5 L investment required. Mostly demand will be there on initial days and latter on, it will be less for many of SME IPO. So timely exit is very important. Even though risk is high , good SME will reward better .
This forum have many experts , you can go through the post and take it as an input along with your analysis and decision making will help to identify good IPO . Once you identify the IPO and can take the risk then you may start with SME IPO journey.
One thing to remember, it is your money , your decision and when in doubt don't apply. Also park only fund which you can afford to loose.
I assumed that you have good exposure to mainboard IPO if that is not the case then first try with mainboard IPO.
6. Smile.| Link| Bookmark|
May 17, 2022 6:32:40 PM
IPO Guru (1400+ Posts, 700+ Likes)
Assets revenue trend is not showing linear growth, PAT also on down scale, surprisingly in yr ending mar 21, 455 cr is good, but before and after that aren't satisfactory. Not only fresh, this combines OFS mean investors money is going to promoters bag, so avoid as per me.