Thanks, Looks like people talked already lots about price and costlier affair before price announced, 😁. Now can we say price is good or still costly? 🤔
10. hchc| Link| Bookmark|
March 21, 2022 10:11:38 AM
Top Contributor (400+ Posts, 900+ Likes)
It is mostly a company making dairy management systems and associated miscellaneous equipments & accessories. It seems when that business did not run well, they attempted to diversify to other miscellaneous equipment. In my view company lacks focus for long term investment.
They have surprise steep reduction in revenue and profit in FY21 which cannot be attributed to COVID as lockdown started in Feb onwards. Latest numbers for FY22 seems to be more of window dressing and lack credibility.
Company seems to be still waiting for some feedback from markets before they disclose final pricing for the issue.
50% of the issue is conveniently reserved for QIB which will further lower the availability of shares in HNI and Retail categories. One should not surprise to see high subscription levels, giving listing gains. Each individual can decide their own exit but I would be looking for an earliest exit and will not hold...........
Daily Product + Defence strange combo. Company Name even mention Defence in bold until you open their website and knowing they are involved into Dairy as well.
8. Venkatram| Link| Bookmark|
March 19, 2022 11:27:51 PM
Top Contributor (300+ Posts, 100+ Likes)
First rate of GMP 17000 (Subject to Allotment rate)
1 mainline IPO, 1 FPO , 3 SMEs + 2 ongoing, are opening at same time for subscription, plan about fund and apply wisely 🙏 no need catch all, it's OK to skip few 🙏