Though one can dispute the PAT figures, I am ok if the promoters have pumped in 4.89Cr to show a +ve PAT before the IPO. The management and team come across as entrepreneurial, driven and focused. Company growth prospects look exponential from here. Too good to be true... so I would wait until the last day to subscribe for better clarity. And I believe its a better bet than Mahindra Logistics.
Bhanu, If it is offered at 49 pe., then I will not subscribe this ipo. Now SME are also offered at very high valuation. I think now SME are also infected by mainline ipo.
Company is having into business of background check of employees & screen & test them & than recurit them.. they charge fees to the corporate for dojng this.. here The finanicial numbers are totally dramatic.. sudden rise in income & profit.. only 2 years of operations in the field.. one should avoid this sme ipo.. company is having income of 10 cr. And want to raised 30 cr. Difficult to digest certain facts.. and look at the lead manager & register.. have u heared the name of them..??