Luckchance
1.1K posts
















Todays Closing IPO: Applying - Bagmane REITS- Full force - Its propotionate allotment expecting 5-7% gains on listing or later. Applying RECODE - from all accounts prefer retail so that i can put more money in bagmane - should give some gains, tough allotment. What are you doing today?



Todays Closing IPO: OnEMI Technology Solutions - Valuation is okay, High credit cost and other numbers are concern, good qib interest 20x now. Taking some risk, applying retails from few accounts - firm allotment as of now. Bhni and SHNI both are lottery, retail is firm allotment, only the proportion will change as subs keeps increasing. Can apply upto 2 lakhs for higher allotment as per your risk appetite. Are you applying?



OnEMI Technology Solutions IPO (kishht) IPO closing on 5th May 👉 On thorough researching, here's what i have found : 🔸The pain point upfront is, 94% unsecured loans. But, average ticket size of loan is 25-30K only (this obviously, can't be secured) 🔸Another issue is GNPA (Gross Non Performing Asset) to be around 2.9%, which is fairly high given that it was 0.05% and 0.79% in previous years respectively. To counter it, company maintained PCR (provisioning coverage ratio) at 86.88% which means that for every Rs 100 of bad loans, company is already provisioning for Rs 87 roughly. Hence NNPA (Net NPA) comes down to 0.38% which is very much acceptable. 🔸To conclude, company has clear intentions to expand its loan book rapidly while countering issue of NPAs through very high provisioning. In my opinion, this may actually work very well, at least to a certain extent. 👉 OVERALL, I am LOOKING TO APPLY ✅ in this IPO. Listing gains are subject to many factors like demand and sentiments, so for that we have to see till closing day, otherwise, looks a fast and furious ride post listing at such mouthwatering valuations 😇 Rest we will see 😅 #IPOAlert #onemi #kissht






