Shree Marutinandan Tubes Limited IPO Message Board (Page 3)

IPO Notes -Shree Marutinandan Tubes & Medi Assist Healthcare

Resky invester can apply 10 minus 20 Plus

Applied 7 retail applications

Not applying here. Money is enough for two IPOs so there is no difficulty in choosing New Swan and Australian Solar.

I will apply few applications here. This may be the dark horse.

Right sir ji @M Gupta

​@M Gupta Very good assessment.

Inki website gayi bandwith dhoondhne.

Yes. Could not access their website. Members from Ahmedabad who know more about this Company may share their their opinion.

Not convincing to apply for. Skipping. All the best to the applicants.

Sir,
Thank you very much for your kind response with related information. Do you believe that this SME IPO is also on the said lines and to be considered for applying?

I am sure everyone have now read what happened with EVOQ. Seems to be a case of big fraud by promoters. Read it on moneycontrol if you haven't. Promoters are big frauds

Not convinced. Skipping this ipo. Applying with FF in New Swan and Australian.

Reading comments from the other members and after reading the comments from DD sir.
Long Term Investors (Me Myself falling in this category):
- I would skip it as business model is not poised to grow at large scale as there business model is basically just the mediator, which take customized requirement looking at the needs of customer and then pass the requirement to Shree Kamdhenu Machinery to build and then earn the margin
- Interestingly Mr. Vikram Shivratan Sharma is also director of Kamdhenu Machinery
- Why they are not listing actual manufacturer company Kamdhenu Machinery? Raising big eyebrow here (दाल में कुछ तो काला है )
- 14 employees only

Short Term Investor:
- Little skeptical here too as the GMP and the listing is controlled, so the Dice can roll in any direction
- Risk Taking Investor and investor with good insights (about game) can definitely apply
- Me myself will skip as I take risk only when there are some definite signs that listing will provide gains and the LM track record is also dicey.

Nice Analysis for Short Term and Long term investors. I too avoid this.

Not feeling comfortable with financials, unpredictable LM, not so significant GMP. Hence, I am avoiding this one although funds are available (since I applied in retail category only from my different accounts in New Swan and Australian as it is a game of luck only unless you have huge funds). Just focusing on safety first.

Skipping.
Third party work 14 employee...

Big NO..Save ur money.

✍🏾GMP UPDATE SME IPO

Shree Marutinandan: 31/=

[As Heard from Various Brokers or GM Traders ]

The company does not manufacture the equipment itself, but works with Shree Kamdhenu Machinery Private Limited, a contract manufacturing company, to manufacture the products according to the customer's specifications.

As of December 25, 2023, the company has 14 employees.

ONE SHOULD SPARE 20% MONEY FOR THIS AND ALLOCATE 40% EACH IN SWAN AND AUSTRALIAN.

ALLOTMENT CHANCES ARE BRIGHT IN THIS AS nii IS 50% NO QIB

Shree maruti also seems good. Size also decent as it has 50% NII quota. but funds are already reserved for swam and australia.

will have to relook fund allocation.

​@rohiitian I am going for small application in this one, if at all I have to go. The financials are just okay and LM not good. The fund allocated here cannot be used for IPO's closing on 17th.
Any special positives you have found in this one?

​@Sanchit Jain @Aaashish Because of the overlap with 4 other IPOs, I've only kept a very small allocation for this (1 application of 10 lots)

My basic understanding is that
1) In this sector, there is not much manufacturing value add / margin. Even if you look at peers who manufacture, cost of raw material is 90-95% of sales, while manufacturing cost is ~2-3%.

2) Marutinandan's primary contract manufacturer is a group company (Kamdhenu) with the same promoter. That ensures interests are aligned, and margins appear to be shared with Marutinandan.

Raw financials seem alright (very strong for a trading biz - likely because of point 2 above), so I'm viewing this as a trading++ biz with control of manufacturing within the family. But it's still risky compared to say MCPL which was a very easy allotment and great fundamentals, so not going FF, especially with other options available

Swastika investment as LM is not very impressive. More of its companies are trading at 9-10% of issue price though some are trading 900% too. But more are on negative side. DYR before taking any action it was just an information. But this company seems to be of positive nature from its past performance