IPOTraders IPO Review

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Multibagger past as well for next at least 10 years

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Avoid

Avoid
Heavy debt, debt is more than the company's net worth

Positive point is it is in the business of alternate fuel

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Avoid

Clear avoid
Heavy debt
Misleading information

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Avoid

Without seeing the price band, I think its clear avoid, reasons are
1. Assets declining yoy
2. Revenue declining yoy
3. Heavy borrowing also increased yoy
4. Was at loss on 19-20
5. 80 % of issue is OFS, promoter want to exit or decrease
6.not giving 21-22, 22-23 data
7. Remember Cartrade, it was complete OFS, ipo price 1618, now trading at 491, down 70 % after 15 months.
Why to take risk when one easily can make 10 % on secondary market.

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Profitable agriproduct company

Avoid

Promoter holding very less,
Accounting figures not looking good

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Very good numbers

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Monopoly service

Avoid

Irregularities in numbers, clear avoid

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LIC is market leader

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Strong competitor for Relaxo

Avoid

I think it's clear avoid

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