Reliable Data Services Limited IPO Message Board (Page 2)

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Dipesh Jain
12. Dipesh Jain  Oct 3, 2017 15:07
It''s subscribed over 5 times.
What to do ??
Avoid or apply as just one hour remaining
Devendrablt
11. Devendrablt  Oct 2, 2017 10:20
Every one says avoid this ipo

Then how a grey mkt broker give 15000 sub to
OnlyVimal
11.1. OnlyVimal  Oct 2, 2017 10:34
tem ne company taraf thi diwali gift nathi mali mate
Umang & his ultrasonic uproar
11.2. Umang & his ultrasonic uproar  Oct 2, 2017 17:02
Only to trap RII''S. There is no grey market premium in sme, only subject to rates,this subject to rates are just for show off. Nobody trades in subject to rates in sme.
EXPERTS VIEW INVITED....
NEMI CHAND AJMERA
10. NEMI CHAND AJMERA  Oct 2, 2017 17:00
No Grey market showing any site.But last day 29 Sept data of subscription shows good issue. Although it very costly around 22 pe issue. On merchant banker perspective it is good as 90% previous issue of this banker listed on premium.
Rj only
9. Rj only  Oct 2, 2017 14:57
Subject to 15000 in kutch..
Rj only
8. Rj only  Oct 2, 2017 14:57
Subject 15000 in kutch
Gokani
7. Gokani  Sep 30, 2017 13:37
Grey market 14000 subject to. Is it true for Reliable
SecTheta
7.1. SecTheta  Sep 30, 2017 22:52
No grey market demand.. you have got the fake news
kingsuper
7.2. kingsuper  Oct 1, 2017 19:58
Yes it''s true it''s 15000 subject to I have sold 17 application in subject to
Kevin
6. Kevin  Oct 1, 2017 14:05
Sub2 10k at my place as on Fri.
Devendrablt
5. Devendrablt  Oct 1, 2017 11:14
Request moderator to pls give subscription details not application wise

Only in percentage
Devendrablt
4. Devendrablt  Sep 30, 2017 19:57
*Reliable Data Services SME ipo*...

Company was incorporated on March 2001.
Promoter - Sanjay Kumar Pathak, Rakesh jha, sandeep kumar jha,Sunil Kumar jha.
IPO of 26,00,000 equity shares at a cash price of 57 aggregting to 14.82 cr and issue will constitute 30.23% of post issue paid up capital.
Top 10 clients for FY17 accounts for 92.64% of total revenue from operation.
It is engaged in providing customized services to various banks, financial institutions and other manufacturing industries in the field of management services,transaction processing services,human resources and other allied services.
Net proceeds will be used for -
To meet working capital requirements - 5 cr.
Prepayment of loan- 6 cr
To meet Capex - 2.5 cr.
It has 46 branches in various states all over India.

Revenue has grown from 20 cr in FY14 to 34.5 cr in FY17 and PAT has grown from 1.48 cr in FY14 to 1.62 cr in FY17.
EBITDA margin of 13% and PAT margin of 4.8%..... for FY17.
Networth of 18.3 cr after the issue.
NAV of 22 after the issue.
At a price of 57 it is asking for 30 times FY17 earnings and P/B of 2.7 and D/E of 0.38 and ROE of 9% and ROCE of 20% and EV/sales of 1.58 and EV/EBITDA of 12.5.

*Peers*
*Airan LTD*....
Trades at 100 times FY17.....if we high growth for FY18 for *airan*....it is still trading at 55 times FY18......still very high.......with High EBITDA margin of 21% and PAT margin of 7.5% for FY17.....and P/B of 7 and ROE of 10% for FY18 and ROCE of 18% for FY18.....and EV/sales of 5 and EV/EBITDA of 25 for FY18....very richly valued.

*Aurion pro*...
With Revenue of 640 cr for FY17 and expected Revenue for FY18 to be on similar lines it trades at less than 8 times If we take EPS of 18 for FY18....as FY17 was a bad year.......
EBITDA margin of 10% and PAT margin of 6.2%.....and D/E of 0.22 and P/B of 0.5 and ROE of 6% and EV/sales of 0.65 and EV/EBITDA of 6.5....Q1FY18 numbers has shown improvement.....
Looks cheap here.......And Its a buy at 140 for targets of 160 In short to medium term.....and 200 can also be seen in 6-8 months....

*Conclusion*
For *Reliable Data services*....comparing to *Airan*....its cheap...
But I dont find much value in it, it can list up or down can''t say.....but its risky.....rather *Aurion pro*....looks a better bet here...

*Aviod*.......
Vipul IPO
3. Vipul IPO  Sep 29, 2017 11:09
Will open 50% lower
Hello IPO
2. Hello IPO  Sep 28, 2017 17:16
In Retail everyone will get allotment.
SecTheta
1. SecTheta  Sep 26, 2017 01:00
NON SENSE VALUATIONS. CLEAR AVOID AS SUGGESTED BY DAVDA SIR







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