VERY BAD FINANCIAL. STAY AWAY . NEGATIVE p/e. NAV too is 9 rs. LOSS MAKING COMPANY. SALES ARE ONLY 5 CRORE. LOAN AMOUNT IS TOO HIGH. NEGATIVE CASH FLOW.
dont even think of subscribing. it was never expected from pantomath for such poor sme ipo on fundamental basis. eps are deep negative. out of total balancesheet of 19 cr 14 crore asset stands on intangible asset. cashflows from financing and investing activities are negative. wont be surprised if it opens 20% lower on listing day
Some Govt bank offer the service for buying SME IPOs. I have experience with Corp Bank. My broker can also buy from his site if funds are available in trading account.
Selling is done from my trading account . But broker must be informed in advance when the the share is getting listed so that they can update their site . Brokers are very lazy on these IPOs as they might not be getting commission.
Thanks you ...!! is there any locking period for SME IPOs ? or its same as Mail line IPO.Afetr buying SME Ipos is alos takes 10-15 days to get listed and can we sell as per normal ?
Its treatment is same as of mainstream IPOs. I am engr , not economists . While most of experts say SME avoid I have benefited from most of them.Recent was Prabhat Telecom , Bot 10000@ 51 and it listed at Higher circuit and sold @ 61.20. Al tough all had given negative feedback for this also.. I donot suggest or recommend to buy .