Shivam Chemicals Limited IPO Message Board (Page 2)

Planning to apply few retail, i am seeing something strange yet intresting in Shivam. Gearing up for taking 5-10% risk.

Confused what is so interesting in the company. It is a trading company all along. Buying animal feeds and selling them till 31.3.23 This year they purchased machinery for producing hydrated lime and sales are down. Rs 562 is taken for investing in a subsidiary which only started business last year. No one will give more than face value of share to a company who just started but Shivam is taking Rs 44 and putting in a new company. P/E ratio very high for a company which is a trading company just entered into manufacturing and yet to prove its worth. Issues handled by lead manager previously are mostly in losses on Bourses.

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​@thevinaymittal Old is "NOT" Always Gold.

APPLYING

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