Any update on new subscription....Retail investors not able to apply due to new rules and UPI ID ,,as brokers are not allowed to punch retail applications
If Subscription near 5x in NII Then we Thought for Apply in this IPO,I Have plan for apply for 2 lot before but i am still waiting of NII Responses ,till time stay awey
Always spreading wrong news, litigation is there but it is stayed by high court (again lack of research by Ravikant ji). the company is honest and has provided full disclosure. good managements disclose everything and the management has disclosed this fully.
There is a 3.5 Cr loan in the subsidiary, total debt of the company is 6Cr. For a company of 14 Cr reserve and surplus, debt equity ratio is less than 0.5 Very healthy debt equity ratio. Ravikant ji likes to exaggerate and say everything.
Amazed to see display of such lack of trust in balance sheet, sector in large (Power), sector in specific (Renewable), promoters and finally market response too; all of it together. Seems like an agent of competitor.
1. Renewable Energy has current 9% market share, it will increase to 100% market share in 15 years.
2. Renewable Energy is the big part of Modi Govt. agenda, Mr. Modi has pledged to have 450 GW of Renewable Energy by 2030. 450 GW is a potential investment of $50 billion plus.
3. There is no default by any renewable energy producer, renewable energy manufacturers are under stress but renewable energy power producers, service companies are doing good business. The sector is in nascent stage and will create multi-billion dollar companies, your research will help you find the right one.
Ironical to see people comparing this IPO with Suich which was from the Manufacturing sector which is known to be deeply coupled with the liquidity situation of the market (managing inventory, finished goods etc.)
Debt spike in last year seems linked, hence, justified with proportionate asset increase.
Renewable sector had a temporary fall last year due to looming elections in 2019, however, re-election of BJP has started reflecting on the sector. Also, this company is pitching long term O&M services heavily which shall be good for their cashflows.
Yet again taken examples of manufacturing. Both Suzlon and Inox are wind machine manufacturers. Move away from manufacturing, filter renewable and you'll find someone like Adani Green.
And if next response is "Modi Ji" then it'll help me prove the point. ;)
I guess GSW has responsibility of justifying their salary. The way he has taken the side of Gensol it clearly seems flattering Gensol is part of their salary
Please dont mislead ,and wrongly quote.No two companies are similar This IPO is very attractive prices at less than 8 PE,Promoters have excellent track record,Technical Guys from IIT and Petro Engg background Their brand BluSmart is already made a niche in NCR and launched even in Mumbai after grand success in NCR They are even designing for Adanis and Tatas in solar space
Ravikant ji, looks like you are in the habit of posting without research and in your own world. Gensol Engineering is a services company with great clients like Softbank, Adani Green, Tata Power, Brookfield (World's largest asset company), Astral Pipes, Dalmia Cement. Just highlighting 1 company which is Suzlon you are trying to say that receivables will not be received.
Also be respectful to Mr. Tulsi Tanti of Suzlon, he created the maximum wealth for shareholders and unfortunately going through bad patch. Suzlon has not defaulted on any vendor payment, you can do your own research on this.
Sir, You are heading in wrong direction.I hope you understand Tech companies in designing operations and maintenance.Its that Company By 2010 this form of energy would be 10% of total power generation and 20% by 2030 ,as per the plan of Govt of India See the scope ,and comment after doing a complete analysis. Its not in the interest of investors ,to give them advice ,without knowing the complete design
Helpful for you to track renewable energy and not just power sector. There is not even a single default in the debt of any renewable energy power producer, manufacturers are struggling due to China competition but power producers are not. All incremental debt in the power sector has gone to renewable energy and that has helped stabilise the books of PFC, REC and other lending institutions.
Gensol Engineering gets its payments from design, engineering and operation & maintenance (O&M) which are high end business and all promoters pay their O&M contracts even before they pay the banks. This is to ensure O&M company performs and the plant generates good amount of power.
Check with me on any other data that you need for the renewable energy sector.
promoter acquisition cost is Rs 0.02 and company is giving the shares to public at Rs 84. promoters are charging hefty 84 times from public. stay away.
Promoters have been issued bonus shares which is a legitimate and in most pre-ipo companies bonus shares are issued, Rs. 83/- is the upper price band of the company and it is at a P/E multiple of 7.5 which is an attractive P/E for investors to invest.
Simple funda of applying some ipo for good listing gain is. If ipo will subscribe more than 20 times then good listing gain happens otherwise there is risk.
Gensol background company those who are in solar have made investors bleed their money. Was solar, tailormade, KPI Global's pain still haunting the investors. Goblin is into luggage industry. Luggage industry has created immense wealth. Safari & vip have made huge money. Goblin has great Gujarat market presence. FMCG will make money in longer term
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September 23, 2019 2:13:32 PM
IPO Guru (1300+ Posts, 1900+ Likes)
who are these people who are praise this company? :)
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September 24, 2019 3:52:49 PM
IPO Guru (1300+ Posts, 1900+ Likes)
Company is fine but price band is high, will wait for expert advice and subscription number to take call for apply or not. @Small, what is ur view? @Rajajumar Sir?
EPS for FY-19 is approx. Rs.11 so IPO is coming at P/E of less than 8, this is reasonably priced. Expect EPS to grow by 50% plus as company would have sufficient capital post IPO.Looks good share for long term.
@Small Investor,@Splendid, In my opinion , Company matters more than LM, Gensol has shown consistent growth in terms of revenue and profits of last 3 years and IPO is coming at P/E of less than 10, I am investing as I believe in MODIji's vision of solar energy