A small size issue of 9.28 crs. PAT for 23 is quite abnormal compared to 21 and 22. Even revenue for current f y does look like in lines with 23. As far as borrowing is concerned, not so comfortable. Purpose of this issue is for working capital and nothing to be used for prepayment of any borrowings. Sector good now these days. Drastic increase in GMP, is difficult to understand. Now these days GMP is a matter of concern. Small issue size so subscription figures likely to be on higher side and difficult allotment. GMP may also attract subscription figures. Not a bad issue and likely to give good returns if allotted. SME, so risk is always there for long term. Better to try luck. Market movement difficult to understand and predict. Hear your own voice. Members are not active in this SME for any views. All the best.