> Apply this IPO without any doubt as it is available at investor friendly price.<
# Some PROs & CONs regarding this IPO.
* Financials look good.
Topline , Bottomline .
* Debt is increasing every year. Long Term as well as Short Term. But at the same time Debt-Equity ratio is decreasing every year.Current D/E ratio is at comfortable level.
* RoNW is higher than all peer group companies
* Company is receiving repeat orders from its clients. Completes projects in time.
* Company is also undertaking Govt. Projects.
Govt. join hands with those companies whose bidding is lowest at the same time maintaining basic criteria such as technical and engineering skills. There are more chances for the Company to be benefited from the smart cities mission and PMAY - Pradhan Mantri Aawas Yojna - Housing for all by 2022.
* Out of 400 crores , 250 crores require for working capital , 50 crores to acquire assets and the rest 100 crores for general corporate expenses.Allocation is highly skewed towards WC requirements.
* 1,00,80,000 shares already pledged with JM Finance , which one should not forget while investing for long term
* Realty companies like Jaypee group , Amrapali , DLF , unitech and others which failed to manage the capital are not connected with capacit''e.
* Customers prefer high rise against super high rise building.If large part of the capital is invested in super high rise , there are chances of capital being stuck till the time demand arises.
Secondary MKT Opinion - Buy Ahluwalia Contracts at cmp 280 for long term with the target of 380-400 in one year.
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