VentureStack Partners IPO Review

Avoid

Come across as a shady fly by night IT operator or an IT reseller at best. No credible & significant case studies available of core IT consulting assignments, platforms, or solutions signifies limited capabilities. The company doesn't even own its trademark which is owned by Sandeep Paharia so let's not even talk of their IPs in the IT space. No growth or transformation plan to pivot business. Financials are nothing to talk about. Strictly avoid at any price!

Neutral

Expect nominal listing gains at best. The OFS component doesn't inspire much confidence. For investors looking at investing in the Auto OEM space, there are much better options like Lumax Auto Technologies etc. already present (This is not an investment advice. Kindly conduct your own due research and consult your investment adviser for the same). So check out our review on the message board for more details.
Best Wishes & Happy Investing!

Avoid

1) Extremely poor financial performance history.
2) Automotive dealerships being a capital intensive sunset business model & in a future dominated vastly by EVs & new age OEMs, may not survive past another decade where automobiles would be booked and sold online.
3) Emergence of 3rd Party Automotive Service franchises like GoMechanic eating into the after-sales business.
4) Major chunk of the offer being OFS indicates promoters having clearly lost interest in the business.

3