chIPOrgarh IPO Review

Avoid

Less than 3% CAGR (between 31/3/21 and 30/6/24)

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Avoid

Price on the higher side.

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May Apply

Pranik's only listed peer (as per RHP) SJ Logistics is currently trading at P/E 61.5. Big value!

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Avoid

Revenue as on 31/3/24 is 15417.83 lakhs but trade receivable is 17624.24 lakhs.

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May Apply

Your money will be going to some Korean oppas.

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Avoid

Expensively priced. Market maker's 2 of last 3 listings in negative 15%+. But couple of listings since Dec '23 returned 1000%+.

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Avoid.

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Corporate guarantee > than combined total revenue of last two years.

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Though company declared dividends in previous 3 FYs.

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May Avoid.

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Avoid on long term perspective.

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May Avoid.

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May Avoid.

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May Avoid.

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May Avoid.

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Exorbitantly priced.

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Could list in discount as this clashes with Bajaj.

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Avoid

Negative impressions. Too high corporate guarantee to banks.

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Too much equity.

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Contingent liabilities are higher than total revenue of 2023-24.

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All negatives expect exponential 773x growth in revenue from 2021.

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Avoid

price on the higher side.
company has Rs. 939 crs contingent liabilities.

Neutral

Valuation is expensive. 150-175 range would've been good bet.

Avoid

Falling revenue. 2020 revenue was 98 cr and 2023 is 63 cr.

Apply

Profit-making and debt-free company.

Avoid

Incorporated in 1994 but profit after tax is only in few crores. Apply for listing gains (if any).

Avoid

Large part of proceeds to be utilised for capex. Plans to commence RTA business.
Apply for listing gain (if any).

May Apply

Gujarat-based manufacturer and supplier of components used in power distribution and transmission sector.
Impressive profits after tax. Though it doesn't have formal dividend policy.

Apply

Became public limited in Sept '23.
Purchases eat more than 80% of revenue. Paltry profits.
Small issue obviously would sail through on the back of GMP.

Apply

Cash rich company.
Depreciation on ROU assets eat up their profits.
Heavily invested in Capex and should reward investors in the long term.

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Avoid

Falling revenue. 2019 was 8934.6 cr but 2023 is 7105.7 cr.
More than 50% of revenue goes to Govt.
Company unlikely to give dividend on paltry profits.
No guarantee that company will remain debt-free post IPO.

Avoid

poor profit margin. issue price is on the higher side.