Financial Numbers are decent and there's some fomo here...only 950 lots. Could fetch 40-50k Applied 2 retail application. Subscription could be lower due to money blocked in other IPOs.
1. have many related company run by directors. 2 many related party transaction. 3, company has no sticky renowned customer 4. with profit of 1 - 2 Cr, its other expense is @ 6 cr. 7. company owns Mercedes , Innova Crysta, , and other many vehicles. 8 telephone bill over 1 L. 9. leno bag is very small size in plastic industries.
only positive is grey market
i am not applying,, because i might not able to see what others are.
Data from the Securities and Exchange Board of India (SEBI) shows that in the current financial year till July, Mumbai and Ahmedabad accounted for 67.8 per cent and 11.4 per cent, respectively, of the total cash market turnover on the National Stock Exchange.
After so many permutations & combinations, I decided to go with the simple & straight forward strategy --> 4 good IPOs * 10 retail each. Fingers crossed🤞for the results.