Kavin

Engineering || Cricket || Aviation || Tech || Harris || Csk💛

[Investorniti 🏆 @investorniti]

Last date, Final Update :

🌟 Laser Power & Infra Mainboard IPO

- Kolkata-based integrated manufacturer of power cables, conductors and other specialised products and components, EPC in power distribution sector
- Decent Financials
- Decent Valuations
- Decent Demand
- GMP +13%
- I am applying ✅ although review says 50-50, but fair valuations and demand, can give listing pop
- Preference for easy allotment chances : Retail > BHNI > SHNI

Brief review :
🔸200 Cr OFS out of 742 Cr issue size, obviously not very likable as such. Yes 490 Cr out of fresh issue will be used for debt payment which is good.

🔸Installed capacity up from 62000 MT to 85448 MT last 3 years, though utilisation hasn't caught up, at 61% down from 85%
🔸Revenue declined in FY26 although profitability was high, but not from operations, it was an exceptional item ~33Cr, which is 22% PAT from FY26, the reason for that sharp increase.

🔸Operating cash flow -119cr for FY26(positive in previous 2 years), covered by 213 Cr net financing inflows.
🔸Borrowings jumped 87% in a year, D/E : 1.10
🔸Receivables 787 Cr Fy24 to 1375 FY26, receivable days 145 to 196
🔸Blacklisting/Debarment:
2019 : Uttar Pradesh Power Corporation
2022 : Manipur State Power Distribution Company
Rajasthan tender loss where the rejection cited "a prior debarment"

A company selling majorly to state DISCOMs, this is not what you expect!

🔸The Good Part : Valuations are fair ✅ at ~20 P/E compared to peers who are fairly high and despite all these challenges company has a strong order book which grew from 2317 Cr to 3243 Cr from Fy24 to Fy26

Concluding, can give good listing gains and short pop because of attractive valuations and strong anchor. For long term, needs to see how company does in next couple of quarters.

🌟 Devson Catalyst SME IPO

- Manufacturer of catalysts, adsorbents and ceramic balls used as key materials in various industrial processes
- Decent Financials (a little exaggeration, but still fine)
- Decent Valuations
- Very Good Demand
- GMP +35%
- I am applying ✅
- Preference for better allotment chances : BHNI > SHNI > Individual (2 lots)

🌟 Happy Steels SME IPO

- Integrated manufacturer of safety-critical, forged and machined transmission and driveline components, caters to on highway, off highway, EV and defence applications.
- Decent Financials
- Decent Valuations
- Decent Demand
- GMP +15%
- I am waiting 🟡 for demand confirmation and also what scope i have after applying in above 2 IPOs
- Preference for better allotment chances : BHNI > SHNI > Individual (2 lots) for those already applying.
- Update at 3-3:30 PM

*** Disclaimer : This review is for educational purpose based on RHP filed by the company. All the details are public and analysis of the same is done to give readers insights of my understanding. Kindly do not consider this update as an investment advice.

#IPOAlert
#laserpoweripo

[Kavin @kavin2881]

@DealsDhamaka The pressure from the dealers made them to. Dealers were struggling with very low footfall after the hike which was more than PSUs

[Kavin @kavin2881]

@DealsDhamaka Broo I felt the same. You don’t know even newspaper is not coming before 8AM

[Kavin @kavin2881]

@RameshOffcl @tnhrcedept
Abishega Poojai tickets for tiruchendur murugan temples are never available online. Once the slots open for the date, it is getting blocked immediately. Please check

[Kavin @kavin2881]

@Karthik76920780 @VinodhiniUnoffl Kalai and John can be counted as same centres

[Kavin @kavin2881]

@SavukkuOfficial What do you feel about the new HoPF posting shankar?

[Kavin @kavin2881]

@Rachi__01 https://t.co/OPbPxuVFb7

Copied from reddit. 🤣

[Kavin @kavin2881]

@SavukkuOfficial Video removed??

[Kavin @kavin2881]

@Sundaravadi7 Meesho Ambedkar?

[Kavin @kavin2881]

@aravinth43AK Template🤣🤣🤣🤣😭😭

[Kavin @kavin2881]

@SriramMadras After so many bribe allegations against Arun IPS and tvk itself complaining against him to ECI during campaign , Can you explain how it is a good choice making him Director of DVAC?

[Kavin @kavin2881]

@TANGEDCO_Offcl I have shared the details in DM. Still no update on it

[Kavin @kavin2881]

@TANGEDCO_Offcl Tariff calculation is not done based on new slab. Can you let me know the reasons?

[Kavin @kavin2881]

@TANGEDCO_Offcl Please check and let me know if the details provided in the dm is enough

[Kavin @kavin2881]

@TANGEDCO_Offcl Tariff calculation is not done based on new slab. Can you let me know the reasons?

[Kavin @kavin2881]

@TANGEDCO_Offcl Sure, Shared in Dm

[Kavin @kavin2881]

@_Alter__Boy_ @Mr_Nobody_das https://t.co/HqOd2GoNg3

I am not defending this. But Ai maariyum therila. Kalaignar news has posted this in different angles

[Kalaignar Seithigal @Kalaignarnews]

#BREAKING | கோவை சிறுமி படுகொலையால் தமிழ்நாடே கொந்தளித்துள்ள நிலையில், செய்தியாளர் சந்திப்பில் குலுங்கி குலுங்கி சிரித்த காவல் அதிகாரிகள்!

#Kovai | #TnPolice | #Kalaignarseithigal

[Kavin @kavin2881]

@WarMonitorINTL China

[Kavin @kavin2881]

@tnhrcedept @RameshOffcl @RameshOffcl Please bring regulations in Thiruchendur Murugan Temple🙏🏼. It is high time, the government plans an efficient strategy for high crowd gathering temples. Last government failed many times in handling devotees