SMEIPOrocks IPO Review

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Strong track record of LM.
Different kind of business model.
Flexographic printing is a futuristic technology, in comparison to Gravure technology.
Profitability has been good throughout all the years, and growing.
Market size is good and it's growing.
Priced also well at around 16 PE.

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The clear reasons are:
1. It is into SaaS digital products for CORE banking, so scalability is high.
2. CORE banking for Cooperative banks and NBFCs is a huge market.
3. Recurring revenue makes growth easier in the SaaS pricing model.
4. As visible from the last 3 years' profitability, the company invested in development and now focus will be on deployment.
5. Global expansion plans will improve margins further.
6. Other SaaS listed SMEs are trading at 100+ PE

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