At 1:40 pm Total Issue Size 2982000 Total Bids Received 54924000 Total Bids Received at Cut-off Price - No. of times issue is subscribed 18.42 Graph Logic
Looks completely Fraud 400cr sales but almost no fixed Assets Profit rises multi fold just before ipo but only 8 employees on roll See the model.... No machinery... Almost No employee except promoters... No shop or showroom... All top 10 customers look totally unknown...Massive fraud.... Beware!!!!!
@NIDHIKE, you raised valid points but despite many red flags, you will see atleast 1 UC. Promoters, operators and speculators join hands to manipulate stock price. Look today-- kids medical and touchwood (2 nd UC) are in UC.
Only 1 or 2 out of 10 sme ipo is fundamentally sound, which deserve premium. But unfortunately (fortunately for investors) only 1 or 2 list in discount.
In sme, speculation and manipulation is a way of life. That''s why I am neutral on this IPO.
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December 26, 2017 10:08:55 AM
IPO Mentor (800+ Posts, 1100+ Likes)