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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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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!
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Tracxn Technologies
Loss-making-company, accumulated deficit exceeding huge share premium amount collected from private investors, unassuming promoter stake, high profile investors’ total exit, etc., etc. make it a substandard investment proposition
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Electronics Mart
Bloated equity base for a non-dividend-paying trading company could be detrimental to capital appreciation prospects in the post lock-in scenario
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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