21. Nilaykumar| Link| Bookmark|
September 12, 2022 7:48:22 PM
IPO Guru (1100+ Posts, 500+ Likes)
Don't want to demotivate but this was big no IPO , still it's subscribed more than 1x.
# Any promoter doesn't have any kind of experience in civil construction field.
# The promoter built hospitals and institute for self or known one by making another company name this. So their is no customer base , he done for self by creating a new company.
They already planned to make this company to list and get IPO money , and financial cooked to show it profitable other no intention is seen , so how can this company grow without any vision.
Fundamentals are too weak Still pump and dump could make it good listing as SME is highly oprator game.
@Amit Jaipur, I did go through RHP, it's a company that has revenue mainly from related parties, part OFS is a concern, otherwise operating cash flow is positive and debt is not too high. I feel promoters would not want the company to list in discount, even if it lists at discount, there would be opportunity to exit with decent profits if one is a little patient.
@ Anil Mwt, This will list slightly positive or at par. One thing is here that no hype or hope in this SME, could be a target 🎯 My opinion could be a wish or biased
Congrats @MRavi... Your risk taking capability is paying well. I could not muster courage to apply here. What do you feel about Varanium? Can apply retail?
A BIG NOOOOOOO!!!!!!!!!!!!!! My findings : 1. They have total 4 completed projects that too of pond renovation(3 out of 4), rest one project is "Gautam Institute of Nursing And Paramedics" and interesting point is this institute is under a trust and that trust if founded by Dr. Avijeet (Founder and MD of Shatidoot Infra), in his own words " To propel technical and professional education & training, I worked with my colleagues to form Right Path Foundation, a Trust registered under Indian Trust Act 1882. The Trust has established Gautam Group under which employment oriented professional institutions with courses like nursing education & training, pharmacy, teacher training, ayurvedic medicine, etc. are conducted." 2. No list provided for ongoing projects - only picture provided , Out of those one is a Farmhouse project of Dr. Avijeet only, other one is Shantidoot Hospital, rest you can draw :P
1 dr. sahab ne khud apne hospital , buildings banvai aur vaha se is company me profit kiya. does this make sense? customer base kaha he bhai? ye business he ya paisa ghuane ki trick
2 dr. shahb khud 24 Lac rs yealy salary uthate he . kis liye bhai? kis baat ka?
3 doctor field me pura jivan gujara he to construction kaha se sikha? is line me kaha aa gaye bhai?
koi bhi promoter ke pass construction ka experience nahi he!
why sebi could not see such clear flaws in compnay? retail ke 4 cr free me aate he kya jo permission dedi!!!!!