Unless v know d issue price decision to apply or not to apply can not b taken. Here it is something like d say of, feature of elephant being described by seven blind person.
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December 1, 2022 10:39:03 PM
IPO Guru (1600+ Posts, 800+ Likes)
Maximum points seem to be negative viz. Very low promoter holding, stagnant revenue, fluctuating PAT, heavy borrowings. Only favourable point seems to be sector to which it belongs.
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December 1, 2022 10:43:36 PM
IPO Guru (1600+ Posts, 800+ Likes)
Not applying here as a principle..... Besides full OFS..... on top of that only 29.34% holding of promoters pre IPO. But it is a growing and scalable business. It may give listing gain..... Goodluck to those who apply.
Current trend of drinking wine in India is in down trend from past 8-10 years... With assets decreasing , Fluctuating PAT and Low promoter holding with total OFS makes it an AVOID ⚠️ candidate.