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Udayshivakumar Infra
Exorbitant remuneration for a family member who has just two years experience exposes the promoter’s intensions
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Global Surfaces
Will the son-in-law do better than his father-in-law? In-laws’ company Glittek Granites gave its consent in May 2022 for being disclosed as a group company in the offer document but, the consent was revoked by Glittek in February 2023!
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Divgi TorqTransfer Systems
High profit margin and low equity base warrant higher discounting, though revenue concentration on just one customer and export dependence on China and Russia are fraught with risk.
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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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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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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!