Xelpmoc Design and Tech Limited IPO Message Board (Page 4)

CLEAR AVOID KPGP

Narmada Bio chem IPO is likely to come in first week of February.
Total issue size 90 cr
15% QIP
35% Retail
50% HNI
Listing on nse , bse .

Xelpmoc design & tech Ltd is promoted by Sandipan Chattopadhyay, who has around two decades of experience in the information technology industry, who built Tata's first website, Tata.com. He co-founded MoneyControl and worked on (building) digital platforms for Unilever, Hyundai, IndiaInfoline, and others, before heading technology for Justdial.

QIB Quota- 75%
HNI- 15%
Retail- 10%

I think promoters knew very well that either SME or Mainline Platform IPO are incurring same amount of expenses, merchant bankers negotiation, time, money, filing of reports with exchanges, CLB, Bankers, and Pre meeting expenses, Investors Presentation and Corporate, Governance etc. that is why they are Mainline....Let's see what will happen.

WHY IT IS MAINLINE IPO. IT SHOULD BE A PARTNERSHIP COMPANY. VERY VERY VERY SMALL IPO.

10% is for retail. Only 1850 application allotment for retail.
So retail subscription will be highest in all time.

its TFT Issue
bhai SME ipo hi accha h aapse to

It's a clear Avoid issue..

LM Record
Bharat Road Network ltd is already failed

I haven't yet read the DRHP. But reading the description, numbers don't add up.

i) Company does all kind of steel products & projects. Revenue is 140 crores but PAT is just 56 lakhs...
ii) For a company who does all these products, they only have 8 on payroll ?
If these numbers are true, its a clear AVOID for me