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April 20, 2022 11:56:03 PM
Top Contributor (600+ Posts, 100+ Likes)
Profit after tax 9.98 lakhs , even sale is 10 crore ,ie 1 percent NP . last four year results are in same ratio . Issue size is Rs 2.18 cr , what will be left in hand after all issue expenses . what has prompted to ask price of Rs 50 . there may be listing gains due to small issue size. nothing exciting in this .
just looking at the financials...1% PAT business for last 3 years. where is the growth story here to attract the investors. will avoid unless subscription is good.