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IPO Reviews by ARVINDGHY

IPO	Review
Signatureglobal (India) Limited IPO	Avoid In my view, it's advisable to steer clear of this IPO due to the company's consecutive losses over the past four years. What's particularly perplexing is the sudden shift in Reserve & Surplus, which went from a negative 364 crore on March 31, 2022, to a positive figure as of March 31, 2023. This raises questions that seem unexplained at the moment. To gain a more comprehensive understanding, it might be worthwhile to study the RHP. September 20, 2023 6:39:30 PM

Review

Avoid

In my view, it's advisable to steer clear of this IPO due to the company's consecutive losses over the past four years. What's particularly perplexing is the sudden shift in Reserve & Surplus, which went from a negative 364 crore on March 31, 2022, to a positive figure as of March 31, 2023. This raises questions that seem unexplained at the moment. To gain a more comprehensive understanding, it might be worthwhile to study the RHP.

September 20, 2023 6:39:30 PM

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