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Yogya Enterprises SME Review (May apply)

Review By Dilip Davda on Mar 21, 2015

Yogya Enterprises Limited (YEL) is engaged in the trading business and is registered dealer in Metals Bullion and Fabrics. YEL offers a gamut of Metal products, which includes Hot rolled Steel, Copper Wire Rod, Copper Ingots and aluminum wire rods. These are manufactured using graded raw material and used in different electrical and industrial applications.

To part finance its working capital requirement and general corpus fund, the company is issuing 1000000 equity share of Rs. 10 each at a fixed price of Rs. 15 per share to mobilize Rs. 1.50 crore. Issue opens for subscription on 25.03.15 and will close on 30.03.15. Minimum application is to be made for 8000 shares and in multiples thereon, thereafter. Post issue its current paid up equity of Rs. 2.50 crore will rise to Rs. 3.50 crore. Issue is lead managed by First Overseas Capital Ltd and Bigshare Services Pvt Ltd is the registrar. Post issue, shares will be listed on BSE SME.

On performance part, the company has reported turnover and net profit of Rs. 6.25 crore/Rs. 0.003 crore (2013) and Rs. 12.42 crore/ Rs. 0.04 crore (2014) respectively. For first six months ended 30.09.14 it has earned net profit of Rs. 0.02 crore on a turnover of Rs. 8.83 crore. If we annualized latest earnings, then asking price of the issue is at a 136+ P/E. Thus issue is aggressively priced.


Conclusion / Investment Strategy

Considering aggressive pricing and non encouraging performance, this issue appears to be high risk, no return bet. There is no harm giving it a miss.

DISCLAIMER: No financial information whatsoever published anywhere here should be construed as an offer to buy or sell securities, or as advice to do so in any way whatsoever. All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on information published here. As SME issues have entry barriers and low preference from broking community, any reader taking decisions based on any information published here does so entirely at own risk. Author has no plans to invest in this offer.

Review By Dilip Davda on Mar 21, 2015

Review Author

DISCLAIMER: No financial information whatsoever published anywhere here should be construed as an offer to buy or sell securities, or as advice to do so in any way whatsoever. All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions. Readers must consult a qualified financial advisor before making any actual investment decisions, based on information published here. With entry barriers, SEBI wants only well-informed investors to participate in such offers. With crazy listings in the past, SME IPOs drew the attention of investors across the board. However, as SME issues have entry barriers and continued low preference from the broking community, any reader taking decisions based on any information published here does so entirely at own risk. The above information is based on information available as on date coupled with market perceptions. The Author has no plans to invest in this offer.

(SEBI registered Research Analyst-Mumbai).


About Dilip Davda

Dilip Davda

Dilip Davda is veteran journalist associated with stock market since 1978. He is contributing to print and electronic media on stock markets/insurance/finance since 1985.

Dilip Davda is a leading reviewer of public issues and NCDs in the primary stock market in India. The knowledge he gained over 3 decades while working in the stock market and a strong relationship with popular lead managers makes his reviews unique. His detail fundamental and financial analysis of companies coming up with IPO helps investors in the primary stock market. Dilip Davda has a special interest in analyzing the SME companies and writing reviews about their public issues. His reviews are regularly published online and in news papers.

Email: dilip_davda@rediffmail.com

Yogya Enterprises IPO FAQs

  1. 1. Why Yogya Enterprises IPO?

    The initial public offer (IPO) of Yogya Enterprises Ltd offers an early investment opportunity in Yogya Enterprises Ltd. A stock market investor can buy Yogya Enterprises IPO shares by applying in IPO before Yogya Enterprises Ltd shares get listed at the stock exchanges. An investor could invest in Yogya Enterprises IPO for short term listing gain or a long term.

  2. 2. How is Yogya Enterprises IPO?

    Read the Yogya Enterprises IPO recommendations by the leading analyst and leading stock brokers.

  3. 3. Yogya Enterprises IPO what should investors do?

    Yogya Enterprises IPO offers an opportunity to buy IPO shares before they get listed at the stock exchanges. Read the Yogya Enterprises IPO Notes, Analysis and Recommendations by leading stock brokerage firms and experts in the above answer.

  4. 4. Is Yogya Enterprises IPO good?

    Our recommendation for Yogya Enterprises IPO is to subscribe for long term.

  5. 5. Is Yogya Enterprises IPO worth Investing?

    As per the analysis by our lead analyst Mr. Dilip Davda, we suggest you to subscribe for long term to the Yogya Enterprises IPO.

  6. 6. When will Yogya Enterprises IPO allotment status?

    The Yogya Enterprises IPO allotment status will be available on or around [.]. The allotted shares will be credited in demat account by [.]. Visit Yogya Enterprises IPO allotment status to check.

  7. 7. When will Yogya Enterprises IPO list?

    The Yogya Enterprises IPO will list on Wednesday, April 15, 2015, at BSE SME.