Major Working capital issues ..... Great company overall . But going forward also working capital issue remains (refer inventory, payable days and receivable days going ahead)
Dear Gemble, Please do not be amused to state that all ipos hit upper circuit. You may track the record of previous SME IPOs in this forum itself.
/ipo/ipo_perf_tracker.asp?exchange=sme
Please note that SME IPOs are very risky proposition which do not suit every investor''s risk profile. Though boarders on this forum educate you on the risk reward ratio each IPO carries, you may assess your risk bearing capacity before taking a final call. There exist chances of you loosing full capital in case you land up in a wrong script.
For updates on highly recommended scripts / IPOs, you may visit www.floppersflip.com as well
The list of SCSBs is as below.( ASBA supported bank for all main line and sme ipo)
Allahabad Bank Andhra Bank Axis Bank Bank of Maharashtra Bank of Baroda Bank of India Canara Bank Central Bank of India Citi Bank Corporation Bank Deutsche Bank Federal Bank HDFC Bank HSBC Bank ICICI Bank Ltd IDBI Bank Limited Indian Bank Indusind Bank Indian Overseas Bank J P Morgan Chase Bank, N.A. Karur Vysya Bank Kotak Mahindra Bank Nutan Nagrik Sahakari Bank Ltd. Oriental Bank of Commerce Punjab National Bank South Indian Bank Standard Chartered Bank State Bank of Travancore State Bank of Bikaner & Jaipur State Bank of India State Bank of Hyderabad Syndicate Bank UCO Bank Union Bank of India United Bank of India Vijaya Bank Yes Bank Limited
Conclusion: Considering the status enjoyed by this company among creamy customers and proven track record, investors may consider investment for medium to long term. It is set to create fancy post listing as the first mover in the segment. (Subscribe).
a sme ipo of ICE MAKE REFRIGERATION is opening on 28-30 Nov(PRICE BAND=55-57 , LOT SIZE =2000). As for me it is one of the finest Ipo of recent times. Very good investment opportunity for short /medium /long term.