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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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Archean Chemical
Failure in complying with SEBI, Stock Exchange and Companies Act guidelines exposes the quality of management!
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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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Tamilnad Mercantile Bank
Past track, present profitability and future prospects justify IPO valuation