Scarnose International Limited IPO Message Board (Page 1)

Good listing yesterday☺️

Experts please share your views on Le Merite exports, bought 18 lots at 82 Rs now in huge loss, now this trades around 57. Will this stock has chances to move up in near term, day by day, the stock value keep reducing. Expecting the experts to share your views on this @Lokesh, @Noorul, @Avenue, @mRavi, @ipoanalysis, @eva,

i have sold it at 78 after it started coming down from 86 levels....i want to protect my capital instead of greed.....if something is not performing as expected , better to sell and save capital instead of holding against the trend. Already i made loss in precision metalicks by holding for longer against its performance, so i don't take any risk now....less profit or no profit is better than loss.....

if you are buying so many lots means you are big investor so always have some stoploss also for your big investments.....and some good research is needed to put such money in any company...

Book partial loss & keep holding some lots for longer term, it will help you to atleast recover your losses as the company’s fundamentals seems strong.

Brothers,

Anyone applying here after seeing numbers at 2:50.

Till now looks ok subscription.

I am not applying.
I will not buy this even at/post listing with 20% discount....

I agree with Dilip Ji "There is no harm in ignoring this pricy issue"

Followed all brothers advice and did not apply

The retailers who have applied in this issue are very intelligent ones and having great farsight.

All those are unemployed searching employment in investing in such sme IPOs. Half of them are just applying fake applications just for fun thankful to UPI.

New Definition of *NIFTY *

*No Income For This Year*

*Negative Income For This Year*

Very less profit margin and very less profits and expensive issue as per pricing, not an interesting sector.....i will not be applying here regardless of any no. of subscriptions...

@Lokes, agree with your views. When the IPO is not attractive, going by the subscription number is not right. Subscription number do not give the clear picture as operators will play in small IPOs. I will not invest in this IPO.

Seems it will sail through easily

If anyone remembers that I have written many times in this platform that the Management/ govt had issued the LIC at much more higher value ( P. E. ratio) . The P. E. ratio of HDFC & ICICI Prudential was much lower than LIC. All the experts of this platform have taged my message and those who have invested their hard earned money in this stock are now bleeding, Today one may see the price of New India Assurance, GIC & other psu stocks. Again & again Govt will offload their various shares through ofs and ipos and the innocent retailers will loose their hard earned money. So be alert and take wise decision as it's your money.

Retail - IPO IPO IPO I AVOID ALL SME-IPO LIKE ME I CANT AVOID

"Greedily prcied offer"😂
Dilip dawda ne to bus pel hi diya apnde shbado se promoter ko.
Itna aggressive oppose to shyad hi koi ipo ke liye kiya hoga usne.

Right

SEBI ko dismiss kar dena chahiye. Kese kese ULLU ke PATTE is tarah ke issue ko premium pe lane ki permission de dete hai.

Though the company was established in the year 2011 as a Private Limited Company, there wasn't any manor business activity till March 2019. Since three years they started trading of Raw Cotton, Cotton Bales, Yarn and manufacturing of Ladies Kurtis and Dress Materials through outsourcing model. Hence, you can say that the company is three years old.

For a three year old trading company with 33 lakhs profit, the offer price looks pricey bet.

Asking price too high, but revenue steadily increasing

Revenue increase is almost 3× YOY.

Pricy bet
PAT is not even half percentage of revenue

@ipobull @Jethalal @hostpacker @Dinesh Singh

Scarnose ipo Apply or Avoid?

Thanks

Though priced higher, but seeing the growth rates of top and bottom lines, should do well.

Goel Food Products Limited - BSE SME IPO
Issue Date: 15 June to 20 June 2022
Price: Rs 72
Lot Size: 1600 Shares
Issue: 10,01,600 Shares
Issue size: Rs 7.21 Cr
Face Value: Rs 10
Retail: 4,75,200 Shares
Retail available Forms: 297
Lead Manager: Gretex

One more

*Goel Food Products Limited-BSE SME*

Issue Date : *15-Jun to 20-Jun, 2022*
Price : *Rs 72*
Lot Size : *1600 Shares*

Issue : *10,01,600 Shares*
Issue size : *Rs 7.21 Cr*
FV : *Rs 10*

Retail : *4,75,200 Shares*
Retail Forms : *297*

Lm : *Gretex*

Top line growth is good but the point of caution is Net Profit Margin. Its less than even 1% of the revenue, very poor.
And as per that, asking price is too high!

looking good.

Clear avoid.