IPO mining IPO Review

Neutral

FOMO GMP Market

The company does not manufacture the equipment itself, but works with Shree Kamdhenu Machinery Private Limited, a contract manufacturing company, to manufacture the products according to the customer's specifications.
As of December 25, 2023, the company has 14 employees.

Avoid

Just look at the numbers and the sector

Avoid

Didn't read RHP since it's not showing reducing losses that too a company established in 1988.
Commodity itself is cyclical and there are better alternatives

Avoid

High valuation
Sector underperforming
Inconsistency