The promoters did not declare their business or if they are holding separate entity which might be on same business a big negative where in promoter did not disclose these details how come sebi allowed the company to come up with ipo when main information is missing and hiding from prospectus
Nakoda is bse listing. So think twice while applying. Vasu is nse listing. Vasu and Nakoda both Hni subscribed two times around. If Hni subscribes above 10 times you consider vasu.
Yes! And high D/E ratio is a huge turn off... Had it not been for Pantomath, there would be a complete drought of invesrors, no matter how undaunted they may be...
Hello Anarchist!!! SME's IPO have now entered into a very risky zone. Fundamentals are not working (Example Sarveshwar foods) nor the 'Midas touch' of Pantomath (Example Akshar Spintex). Only thing working is mad subscription (E2E etc). Apply only if you see a huge subscription from QIB and HNI on last day, otherwise give them a miss. Believe me, all this discussion of P/E, EBITDA, D/E ratio etc are meaningless for SME's.
sorry @anarchist, i can't judge SME ipos.. it is not following any logical rule like p/e,d/e, subscription,lm etc or i am missing something. so, right now i am not applying or buying SMEs.
right now i am working on probability of success of SMEs with respect different factor so, loss can be control and i can apply with bearing some loss.
during analysing past ipos i am surprised that SMEs like innova think lab, gautam gem, madhav copper etc traded 5 times higher than issue price!!! and SME which need equity for uniform is performing well!!!..
due small equity of SMEs , big player can play with retailer. and they can play like card game where they have to analyse and spot only 52 cards.
also this time is now well for applying or buying any SMEs.
and yes i am not veteran in SMEs. i am very less active and just started to look at share market...
Your are being modest...aren't you? I can see that you have a very good acumen when it comes to IPO investing...
But then all those things you and the others talked about, certainly portend a risk of losing big in this dicey game all rigged by LMs like Pantomath.. .So staying put would be the best decision....... especially this IPO where enough of warning signs are apparent...
P/E over 30, Debt/ Equity ratio > 2, Promoters operating multiple companies in the same arena, possibly snatching the business away from one another...Shady very shady setup to say the least..
Shree Vasu Logistics Limited has received IMC Ramakrishna Bajaj National Quality Award and an award from Confederation of Indian Industry (CII) for quality management and food safety.