Arvind and Company Shipping Agencies Limited IPO Message Board (Page 11)

The only good thing about this IPO is its Lead Manager.

Company incorporated in 1987, but having a nominal revenue till FY 2021. One hotel acquired in 1997, which was fetching rental income to the company till FY 2021, but no rental income in FY 2021 from Hotel business (page 109). Company EBITDA margin is almost 90-92% means negligible operational cost??

Baatein badi badi, not having financial support.

Borrowings are thrice the sales. Borrowings are Rs.22 cr and IPO size is only Rs.15 cr, so they don't even propose to repay any debt.

36 years old company with latest turnover around 8 crores ?

Baap re..
15 employees ke dum or 850 projects kr liye..
Kya company hai ye

Shocking Mr. Davda gave May Apply verdict.

Suno sabki, karo apne mann ki.
After all, your money, your call.

COOKED / SELL & APPLY

Not worth to apply after seeing financial data.