One very imp point is the very poor track record of Aryaman.Its last issue of Shradha Infra IPO @70 rs is still hovering around that price.Aryman managed IPOs keep hoveing around IPO price for very long time & move up only after retail investors get frustrated & book their losses.
LM plays a very critical role as if no one is there to support the price on listing day then price will crash.Also IPO is steeply priced at 120 rs & if it even crashes by 20 rs on listing day imply a loss of 40000 rs per application.As its priced exorbitantly at 120 rs unlike most of SME ipos further price crash beyond 20 rs will mean still heavier loss for all investors.
Business model is also very complex & not easy to understand. better avoid this expensive ipo coming at PE of 32 as pointed oit by venerable Dilp Davda ji
Observed one more thing. Most of SME ipo''s will be issuing shares after dilutions and entire proceeds go to Company. But in this particular SME IPO they are diluting and Offering for sale of existing Promoters.
Promoters will get 3.5 crores from the IPO Proceeds. If the intention of IPO is WORKING CAPITAL. then they wouldnt have done this. I believe this IPO is just to swoop in Innocent investors Money.
Good points.One very imp point is the v poor track record of Aryaman.Its last issue of Shradha Infra IPO @70 rs is still hovering around that price.Aryman managed IPOs keep hoveing around IPO price for v ery long time & move up only aftr retail investors get frustrated & book their losses.
they wouldnt have done these shopping if they had know that they are going public. i believe they are cashing in on euphoria in SME segment from last few months.
i dont see bright prospects for company.
see the subscription on last day and subscribe if it is more that 25 times
How can I get SME shares in Listing day , most of them are listing in 20% circuit. I try to by Ajooni biotech @ 20 % UC but Order get rejected (9 am to 9.08 am). there is no pre opening for SME. Please help me I need SME shares in first day.
You cannot buy when its UC. Becz UC simply means there are no sellers at all.. In case there are few, it will be based on First Come First Serve basis. So you need to be very lucky.