Shanti Overseas (India) Limited IPO Message Board (Page 3)

Mr prabhakaran

Your view on shanti overseas got good response
Even. Qib susvription is 1.88 lacs shares
Will list at premium ?

What is the chances to get allotment? any guess?

subjesct 2 form price?

please subject2 form price?

Hi,

I have an SBI bank account and apply for IPOs, but i am not able to find SME companies listed to apply.

Is there any way i can apply for NSE SMEs electronically?

I have found sources where i can download the bid-cum application form download in PDF format but i am not sure what to do with the form that I have downloaded.

Any help would be greatly appreciated.

Thank you.

Shasank

Dear Prabhakaran sir,
I am having saving account with ICICI bank and I have applied online ASBA for Ventura & Reliance Securities Dmat account successfully.
Only you will have to fill DP details correctly.

Thank you for the clarification.

Yes, I do have a demat account with ICICIDirect. I guess that made it easier for me to apply.

Dear Sir,

I had applied for 1 lot via ASBA account of UBI on 22nd of Shanti Overseas but have not received any confirmation regarding acceptance of my Application.

Now how do I come to know whether my application is accepted?

Thank You

An average to below average IPO to apply for.
Family owned business. 37 crore valuation, with the IPO raising 10 crores, selling 27% of shares.
In the business of food processing. Soya is a commodity product, the Indian market is very small, and Shanti has to depend on the global market, which is very competitive and price conscious. Protectionism is increasing in the global market, especially USA.
Sales have fluctuated over the last 5 years - 89 crores in 2012-13, 105 crores in 13-14, 72 crores in 14-15, 91 crores in 15-16, 116 crores in 16-17. Out of 116 crores, 72 crores has come from a single customer in USA.
Indian sales have gone down from 24 crores to 22 crores.
While sales have gone up 30% from 15-16 to 16-17, Cost of material has gone up 3 times, employee benefits have gone up 78%, admin costs have gone up over 100%.
Usage of the 10 crore IPO fund-raise is not clear - 4.55 crores goes into a subsidiary to fund their operations in soya processing. 1.9 crores goes into general corporate expenses, 70 lakhs goes to the IPO lead manager.

I would not recommend this IPO.

dear Prabhakaran,
what is the debt amount on the company?

Debt is 24.76 crore.
Almost 2.5 times the issue size.
Scroll down further to see the detailed numbers.

Apply or not?

Indore base company, hence be cautious , figures whatever given may be manipulated

Aply or not

Pros:
ROE is above 56% and ROCE is consistently above 20%
Consistent growth in sales and net
Business is in expansion mode - workforce is becoming bigger
Lead by Hem

Cons:
DE ratio is little higher 3.87
Cash flow is suddenly positive (after two consecutive negative flow)
Almost 70% of sales is spent on raw material itself (which tells that Shanti is like a neither a producer, nor trader)
An adjustment of -2.35 crore is done to the FY17 net-profit (unsure about that)
Two bonus issues in last 4 months (which diminished the bookvalue)

Eventhough food (or edible oil/agri-commodity) industry is good, still I wont be a buyer here. Because of it''s debt (and the company never tried to brig it down) I''m unsure about the future of the company.
I''m NEUTRAL on this with slight-negative stance.

Prabhakaran Sir,
Univastu apply of not please reply. your opinion matters
Thanks,

After reading the above summary from Prabhakar, i have made my mind to apply in this issue

@ Prabhakar,
Your view on this IPO .i.e apply or avoid
Basis for apply or avoid

@ Prabhakar,
Your view on this IPO .i.e apply or avoid
Basis for apply or avoid

Barring LaxmiCot, last 8 issues led by Hem are trading above their issue price.

In short prabhakaran sir should I apply for it yes or no (in short)?

Prabhakaran sir in short yes or no for this Univastu ipo?

Respected Forum admin.
It is requested that please arrange date wise comments format and now a days threre are similar name of identity. Therefore, it is very complicated to read the comments.

Key operating ratios

Year end      Mar 17      Mar 16      Mar 15      Mar 14      Mar 13
EPS(Rs)      10.52      31.24      11.77      8.06      5.47
Book value(Rs)      23.82      79.81      48.57      36.87      28.81
CEPS(Rs)      13.44      35.83      14.33      10.17      7.17
NPM(%)      3.35      2.08      1.01      0.46      0.37
OPM(%)      8.05      5.66      3.54      1.68      1.47
ROCE(%)      24.83      20.99      20.27      16.34      11.36
ROE(%)      56.69      48.57      27.73      24.37      19.08
Debt/equity      3.87      4.95      3.55      4.03      5.16
Interest cover      3.35      2.41      1.82      1.80      1.68

Cash flow analysis(Rs.in Crs.)
Year end      Mar 17      Mar 16      Mar 15      Mar 14      Mar 13
NOPAT      5.40      3.20      1.58      1.08      0.81
Operating cash flow      7.16      -7.11      -3.22      2.76      -3.58
Free cash flow      9.26      -1.41      -3.16      2.99      -3.46

Key financials (Rs.in Crs.)
Year end      Mar 17      Mar 16      Mar 15      Mar 14      Mar 13
Net sales      113.30      89.91      70.61      104.87      89.08
Operating profit      9.12      5.09      2.50      1.76      1.31
Net profit      3.79      1.87      0.71      0.48      0.33
Equity cap pd      3.60      0.60      0.60      0.60      0.60

Variance (Half Yearly)
Year      201703      201603      Var(%)
Type      Full Year      Full Year
Sales Turnover      113.30      89.91      26.01
Other Income      2.58      1.12      130.36
Total Income      115.88      91.03      27.30
Total Expenditure      106.76      85.94      24.23
Operating Profit      9.12      5.09      79.17
Interest      2.41      2.00      20.50
Gross Profit      6.71      3.09      117.15
Depreciation      1.05      0.28      275.00
Tax      1.82      0.82      121.95
Reported PAT      3.79      1.87      102.67
Dividend (%)      0.00      0.00      N.A.

P & L Account(Rs.in Crs.)

Year      Mar 17      Mar 16      Mar 15      Mar 14      Mar 13
Sales Turnover      113.30      89.91      70.61      104.87      89.08
Other Income      2.58      1.12      0.91      0.05      0.20
Stock Adjustments      -8.47      7.09      2.79      -1.19      1.50
Total Income      107.41      98.12      74.31      103.73      90.78
Raw Materials      77.77      83.39      60.47      92.37      85.30
Excise Duty      0.00      0.00      0.00      0.00      0.00
Power & Fuel Cost      0.00      0.00      0.00      0.00      0.00
Other Manufacturing Expenses      0.00      0.00      0.00      0.00      0.00
Employee Cost      2.03      1.15      0.52      0.66      0.40
Selling and Administration Expenses      18.49      8.49      10.82      8.95      3.77
Miscellaneous Expenses      0.00      0.00      0.00      0.00      0.00
Less: Preoperative Expenditure Capitalised      0.00      0.00      0.00      0.00      0.00
Profit before Interest, Depreciation & Tax      9.12      5.09      2.50      1.76      1.31
Interest & Financial Charges      2.41      2.00      1.30      0.90      0.72
Profit before Depreciation & Tax      6.71      3.09      1.20      0.86      0.59
Depreciation      1.05      0.28      0.15      0.13      0.10
Profit Before Tax      5.67      2.81      1.06      0.72      0.49
Tax      1.88      0.94      0.35      0.24      0.16
Profit After Tax      3.79      1.87      0.71      0.48      0.33
Adjustment below Net Profit      -2.35      0.00      0.00      0.00      0.00
P & L Balance brought forward      3.54      1.66      0.96      0.48      0.15
Appropriations      0.00      0.00      0.00      0.00      0.00
P & L Bal. carried down      4.98      3.54      1.66      0.96      0.48
Equity Dividend      0.00      0.00      0.00      0.00      0.00
Preference Dividend      0.00      0.00      0.00      0.00      0.00
Corporate Dividend Tax      0.00      0.00      0.00      0.00      0.00
Equity Dividend (%)      0.00      0.00      0.00      0.00      0.00
Earning Per Share (Rs.)      10.52      31.24      11.77      8.06      5.47
Book Value      23.82      79.81      48.57      36.87      28.81
Extraordinary Items      0.00      0.00      0.00      0.00      0.00