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Sah Polymers
Underplaying the Daud Ali-Peacock Industries connection raises serious credibility issues. In the so called `disclosure era’ Sebi has failed to enforce disclosure on promoter’s hidden link!
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Uniparts India
Fundamentals justify IPO valuation though existing shareholders’ negative cost of holding may curb share prospects post lock-in
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Dharmaj Crop Guard
Notwithstanding strong fundamentals, Heranba looks more attractive at the current valuation!
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Keystone Realtors
Popular brand notwithstanding, fluctuating past performance, uncertain future prospects and steep IPO valuation dilute attraction.
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Inox Green Energy
Prospectus disclosures are not sacrosanct for the Jains of Inox-GFL who have insatiable appetite for public funds!
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Kaynes Technology
Shortage of semiconductors, weakening of rupee and pre-IPO margin flare-up weighs against the valuation.
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Archean Chemical
Failure in complying with SEBI, Stock Exchange and Companies Act guidelines exposes the quality of management!
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Five-Star Business Finance
Core promoter’s unassuming stake, private-equity-turned-promoter’s negative cost of residual holding and selling shareholders’ heavily discounted cost do not augur well for share price prospects post lock-in period.
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Bikaji Foods
Ultra-high P/E multiple for a depleting profit margin? Boom-time IPO pricing is bound to give bitter taste during market downturn!
