SKP Bearing Industries Limited IPO Message Board (Page 9)

@Lokes @Noorul @MRavi and all friends..

Request your outlook to Hold/Sell the following. Do you expect upside movement in near/long term or not...
1. Cool Caps
2. Shigan Q.
3. VIVO

vivo is mostly roaming around range of 140 to 170 around from long time, u can try to sell around 170-180 i think or wait for next results with some stoploss around 139....
coolcaps i have sold at 107, its still showing good strength from 1-2 months so keep holding with stoploss around 98-99....
Shigan i tried selling in may month using AMO orders above 125 multiple times but missed due to 1-2 rs or sometimes missed placing order when it came there.....now am still holding it.....better to hold since now its holding strong and moving up again after recent correction....

UPI working for SME?

Theoretically it is working.
Practically it is having many problems and issues...

@BANSAL,
Axis Bank and HDFC Bank.

@Avenue,
100% agreed.

In net banking select NII / HNI Quota instead of retail individual investor (RII)

Is there nii quota here? How to apply in nii category?

Hi All,
My view on running/recent IPOs,

1. KCK
Applied
Right valuation, good subscription numbers

2. Sailani Tours
Skipped
Better to invest in EaseMyTrip than this if needed exposure in the Travel and Tourism sector

3. Veerkrupa Jewellers
Skip
Financials are not good, can analyze Moksh Ornaments if needed exposure in Jewellery segments

4. Mangalam
May Apply (check subscription numbers, keep issue size in mind for fewer subs numbers)
Financials are good, metal sector in trend

5. Kesar
Skip (until unless subscription numbers are very good, still be cautious)
Financials seem to be manipulated

6. SKP
Apply (keep 63% OFS in mind)
Bearing companies are slow and steady performers

7. Jayant Infra
Apply (until unless subscription numbers are very bad)
Steady performance till date

8. B Right Realestate
Skip
Numbers don't make sense here, also Realestate sector might not perform with increasing Rates from RBI

There is only 2200 lots ( successful candidates) for total 44 Lac equity Shares. Hence the allotment will be very tough and this issue may touch heavy subscription in both category.

It's one of the best IPOs of June. I will surely apply.

Looks good compare all ongoing SME, NII also interested from day one.

Should be Apply

Looking to the current subscription it's going to be superhit.

SKP Bearing Industries limited IPO is risky and also consist and not worth for investing it has akso internal management issues..

Will be Apply for Listing Gains

Any Rationale?

@Divya

LM has track record of all positive listing.

3 more ipo opening on 30.
1.Jayant infratech (LM:Gretex corporate service)
2.B-Right(LM:Gretex corporate service)
3.Kesar india (LM:FedEx and Hem)

Out of these 7 SME, preference will be

1) SKP bearing (LM track record of all positive listing & good profit margin)
2) KCK - (Good track record of LM, small size, good financial, bad is less profit margin)
3) Veerkrupa (Good track record of LM)

Mangalam avoiding (poor track record of LM) .
remaining 3 are totally avoidable (Very weak financial, very small profit)

Veerkrupa too avoiding, low profit financials

GOOD @35 (7PE)
REASONABLE @50 (10PE)
EXPENSIVE @70 (14PE)

Its a genuine business since atleast 2 decade and hence might reward anyone who has longer term view. Only problem is the current market condition.

I think everyone on the forum is running in Red, that's why we have stopped discussing IPOs.

Please suggest how do all mentors and gurus see this SME IPO. On the face of it, seems the only plausible bet.

👍

NO .. no bearing company has ever done well in years

SKPBearing SME IPO
Duration: Jun 30, 2022 to Jul 5, 2022
Price:70
Lot: 2000
Fresh issue: upto 11.20 cr
OFS: 19.60
Allotments: 8 jul
Listing: 13 july
Good one in this volatile market, for both hold n listing gain.

Revenue n pat on downside is reason of worry rathar than ofs. But a decent ipo after #fidel