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chetan ipo IPO Review

Read IPO recommendations, analysis, and views posted chetan ipo. Check chetan ipo messages on IPO discussion forum.

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IPO Reviews by chetan ipo

IPO Review
Steelman Telecom Limited IPO

Avoid

1. Introduction:
Company providing services to telecom industries

2. Issue:
Fresh: (10+86) * 18,97,200 = 18.21 Cr.
OFS: (10+86) * 81,3,600 = 7.81 Cr.

3. Net Proceed:
*Investment in Subsidiary: 5 Cr. ( Subsidiary only 6 month old and wants to provide Cab service)
*Working Capital: 8 Cr.
*General Corporate: 4.1 Cr. ( company have freedom to utilize fund anywhere max limit is 25%)

4. Average cost of acquisition by promoter: 0.12 Rs.

5. P/E weighted average of last 3 year: 30.27

September 22, 2022 9:51:23 AM
Silver Pearl Hospitality & Luxury Spaces Ltd IPO

Avoid

Profit and revenue is too low for valuation asked

June 6, 2022 3:43:15 PM

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