Arrowhead Seperation Engineering Ltd IPO seems good primafacie. Valued reasonably on basis of Current Financial Year. This year Annualised PE is around 20. Hence 11.50 PE isn't Expensive. Revenue Growing Significantly backed by Exports, Which is Very good sign for any engineering co. Export till FY 22 was Negligible, over 10 Crs in FY 23 & over 5.7 Crs in First Qtr itself.
Apart from Cameo registrar, very hard to see any concrete positives in this. I am certain FOMO in retailers and companies to get listed is at equal terms.
4. G profit| Link| Bookmark|
November 10, 2023 4:30:06 PM
IPO Mentor (1000+ Posts, 200+ Likes)
At first glance, company performance is very average. LM performance not good. After recent bad listings for average companies, I request our Chittorgarh community friends NOT to apply for sme ipos, solely based on GMP which is being jacked up artificially in many cases. Otherwise it would be burning up hard earned money within short time. Unlike mainboard ipos, which have 10 or 20 percent trading range limits, sme ipos have only 5% range limits. We have to depend on LM and MM for selling our shares in sme cases. My humble request. I request our community members to 👍 for this message (and follow Dilip Davda sir's review in future and our ipo gurus before applying for sme shares)
3.1. Basuvr| Link| Bookmark|
November 11, 2023 12:18:59 PM
IPO Guru (1600+ Posts, 800+ Likes)
@Manan Surana Diwali Festival season hai bhai, isliye mehnga rakha hai 😄
By the way Happy Diwali to all, may your portfolio profit increase like a 🚀
2. Agrawal S| Link| Bookmark|
November 10, 2023 2:45:09 PM
Top Contributor (700+ Posts, 200+ Likes)
Suddenly PAT jumped 20x.. strange!!
1. StarGarage| Link| Bookmark|
November 10, 2023 2:17:11 PM
Top Contributor (500+ Posts, 200+ Likes)
"Additionally, the company follows ethical business practices and maintains complete transparency in all transactions to build and maintain strong relationships with the customers."
This is mentioned in About section. I wonder if all other companies are not doing it