Think of those who have been allotted both reetech and swastik.
If we consider this issue size at 1/10 then subscription numbers can be 10x.
i.e 6.25 cr issue size and 13x subscription.
Book value of 2022 is 83.
Some of the peers are trading at much higher P/B.
It should touch at least once to its book value in short run.
From this issue it is known that this LM is also a brother of gretex , sun , aryaman , inventure and interactive. Only hem is reliable so far.
SEBI should intervene in big size SMEs which are equivalent to T group IPOs and should not leave alone between LM and exchange. Discount listing acceptable but not deep discount.
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