Alankit Enterprises as a relatively unknown registrar handling this IPO. They handled earlier the IPO of HUDCO. Many members in this forum might have applied for HUDCO IPO. Kindly share your experiences about the allotment process. This same registrar has also bagged upcoming IPO of Mishra Dhatu Nigam (MIDHANI). It seems the biggest hurdle to allotment will be this registrar.
8.1. jajo| Link| Bookmark|
March 6, 2018 1:43:39 PM
Top Contributor (300+ Posts, 200+ Likes)
I would say that Alankit managed the HUDCO issue better if the allotment ratio of 3 out of 4 is received for my applications. Karvy is the worst case where I used to get 0 out of 4 for almost all recent IPOs.
Falling sales, EBITA down from 20% to around 13% for the last 3 years.The order book is very small and a no of private sector companies with foreign companies entering the same field are the risk factors.