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Harsha Engineers International
Postponing IPO when markets move southward, resorting to financial engineering that facilitates higher stake for the promoters, returning to market with a larger IPO when stock indices are north-bound, family-crowded board, etc., etc., raise concern
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Tamilnad Mercantile Bank
Past track, present profitability and future prospects justify IPO valuation
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Dreamfolks Services
Corporate governance issues cast shadow on promoters though business prospects seem to justify IPO valuation
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Syrma SGS
Low profit margin does not warrant ultra high P/E
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Prudent Corporate
Group companies’ past violation of regulations and acquisition of business from scam-tainted entity reflect poorly on the promoters
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LIC
Embedded Value makes the offer attractive but, as private insurers gain market share, what happened to GIC and NIA can happen to LIC sooner or later
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Rainbow Children’s Medicare
Fiscal 2022 working gives comfort while resurgence of COVID-19 is a cause for concern
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Campus Activewear
Fundamentals justify the offer price though promoters’ unconventional track and negative cost of holding of large shareholders do not augur well for the stock, post lock-in period
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Hariom Pipe
Favourable peer comparison notwithstanding, boom-time pricing is bound to correct when the industry cycle takes a turn
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Veranda Learning Solutions
History repeating itself? Learn from SSI’s experience the risk of investing in ventures of `vacillating’ promoters!