Its really surprising, though the company published its IPO advertisement on June 01, 2023, its final offer documents till this time not available any where. This is how the BSE SME issues are done and compliance is followed, no one cares for timely loading of offer documents. What is more surprising, as per SEBI guidelines, once the IPO announcement is done, Lead Manager, Company website as well as designated exchange should carry the offer details, but it was not found. I requested for the documents by email and calls to the company as well as the Lead Manager, but remained unattended. Approval to this IPO with less than a year performance it also raise eyebrows.
Dilip Davda
SEBI registered Research Analyst
Mumbai
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