Associated Coaters Limited IPO Message Board (Page 2)

​@Admin @ Chittorgarh.com: Hello Admin, can you check in financials. The recent date mentioned is 31st Dec 2024, while it should be 31st Dec 2023 I believe. Can you correct the same please?

Greetings,

Rectified the same.
Thanks & Regards
@Tripti @ Team Chittorgarh.com

revenue for this co was 0 in 2021, it might b due to corona shut down, but see loss for that year only 14000, its impossible that its only 14000 expenses for full year....
it may be considered that employees n management did not take salary but minimum electricity bill n other legal expenses comes in terms of lakhs of rupees...

experts check how its possible to have only 14000rs expenses for a whole year

​@k l patel: Not sure, if we shall refer 2021 numbers at all, not just revenue or loss, but all the numbers do not match with any current trend. Company has inception in 2017, not sure, if they maintained their books of accounts till 2021 accurately.

avoiding this

Ok, this is strange, IPO has opened for subscription, but no discussion around it. I know it is a small issue, and we have AIMTRON on the other side, but though.

Prima facie, this actually looks like very small company, no major concerns on financials (Considering volume of business). I would avoid it because of the volume itself, but again will take final call on last day.

DESPITE SMALL IPO GMP IS LOW

There is GMP, that is also a good thing. Valuation looks high with given financials, so I do not know, how much this GMP will sustain