This company has not popular in the nearby area of Samalkha because of very bad smell spreading in the areas therefore peoples of area protesting against the company.The production was halted due to this reason. The peoples are still opposing the bad smell spreading by the production unit in the envirnoment. The ecological record of the Smalhka unit is not good. The brands manufactured by the company are not much popular contrywide.These should also keep in mind while applying.Price band is on higher side.
The sector is good, profit growth is amazing and only concerning factor is timing of the issue. Definitely, there will be negative aspects to this industry in the budget.
This company has also a production facility in Samalkha and prodution there was halted in the past for many years due to certain reasons.The production resumed only after the new goverment took over in Haryana almost three years ago.
But since the promoters are very close to those who are now against the present political powers in the state, so there is very likely hood of the business getting affceted due to this reasons. There were some reports in the media recently about some state departments making certain inspections there.This was alleged to be at the behest of those who are at the helm of affairs in the state.The brands manufactured by the company are only available in and around the state of Haryana and do not command much of the recognition at the same.
So investors should take these points in to considerations while applying for this IPO.
Gaya re gaya - baar baar hota hai phir bhee loog nahee maantee aacha hai log kuch productive work kareengee warnaa rooj loog apnee share ko dugna tiguna hootee dekhtee hai baas..