I may not be experienced, but after study, Definitely ahasolar you should APPLY
and AVOID Accelerate BS 1. Accelerate BS promoters doing OFS. - its a NEGATIVE SME IPO Issue Size: ₹5.69 Cr Offer for Sale: ₹3.99 Cr Fresh Issue: ₹1.70 Cr 2. Their area of operations is generic - NEGATIVE 3. Revenue & PAT is low and almost steady - Shows no growth
and
ahasolar raising money for Growth, there is no promoter offer for Sale, and PAT expanding year on year, and most important SOLAR sector its bound to grow.
9.2. PLAZA| Link| Bookmark|
July 11, 2023 8:39:34 PM
IPO Guru (1700+ Posts, 1100+ Likes)
@gaurav DD why so much difference in S2 in a very short time. Should we apply or not . Pl give directions as now a days sme are very risky so I m avoiding after spectrum and aatmraj episode
9.3. BullsEyee| Link| Bookmark|
July 12, 2023 12:15:14 AM
IPO Guru (1000+ Posts, 700+ Likes)
Plaza ji holding 4 Cell point issue price 100 now at 64..
Sector seems fancy as this company seems to be more into Solar Project management, trading and advisory with low asset model,clientele looks decent, however most Clean Energy EPC cos already do what this company does so I don't see any MOAT they have. One red flag is promoter holding is already at 50 percent levels and will go down further to around 30 percent or so, such low holding in a small sized SME is not ideal, if the promoters know the growth trajectory/ value of the company they won't dilute the stake so much at such initial stages of the company. I will be cautious and wait for review and recos from experienced CG members before jumping into the fancy run...
5. KAPPO| Link| Bookmark|
July 5, 2023 11:55:59 PM
IPO Guru (1100+ Posts, 800+ Likes)
This company is just near from my house only 1.5 km away
Suddenly, financials improve just before ipo. Unbelievable 10 fold increase in revenue as well as profit. SMEs coming on BSE have definitely some magic stick 😀
Same statistics is with Drone D, sudden spurt in profit and revenue, it happens in most of the SME ipo's. Window dressing the last year figures to get rich valuation. Sebi hai toh mumkin hai!!!