@IPOFreak@Sanchit Jain It's just a small farm cultivating pomogranates. Having said that the promoters are really strong (promoters of a listed 800 cr company) & Hem means diligence will be reasonable.
Also this is a small sized BSE SME, so reasonable chance of operators playing. This is maybe the most attractive part of it. On fundamentals I don't see much worthwhile.
As per me company land which is leased from promoter valued around 2-3 cr. The three best part of this ipo HEM Promoter is strong - see past listing and background NP is 40 per plus ( how many businesses can do that )
11.1. MuStrFc| Link| Bookmark|
May 10, 2024 1:58:30 PM
IPO Guru (3100+ Posts, 2400+ Likes)
The NP 40% plus is the biggest bummer, how can a business in the current scenario do that? @Anuj agarwal
Aa jata hai sir .. I know some people doing jojoba cultivation in that area. It's completely tax free. Ek baar setup cost like irrigation power transformer and boundry cost is high after that running expense mein electric and max 2 staff on site. No taxes Infact they get yearly subsidy from Rajasthan govt for plantation. Plants bhi free mein milte hai..
The size of the IPO is too small, allocation chances are low....i would personally avoid as size of the company is small and will take long time for Growth.
I just studied this IPO. The promoters are strong group and they have many other businesses. They listed a company on sme exchange few years back. This company nintec systems has delivered 200x returns since listing and is growing. this must might be another solid offering from their portfolio of businesses. i will go all out with this.
5.1. MuStrFc| Link| Bookmark|
May 5, 2024 9:12:56 PM
IPO Guru (3100+ Posts, 2400+ Likes)
Quoting what you said "this must might be another" : either this is a "must" blockbuster issue again from the same promoter group or this "might" be another blockbuster issue from the same promoter group. Can't be both at the same time. Unparalleled confusion.
Be our guest to enlighten more deeply regarding this IPO @ramdea
5.2. StarSon| Link| Bookmark|
May 8, 2024 2:58:26 PM
Top Contributor (300+ Posts, 100+ Likes)
@ramdea Bhaiya aap is company me payroll pe ho ya daily wages pe rakhe ho IPO ke liye..😂🥴
All of sudden borrowing apeared in 2023 to justify ipo proceed usage. Extremely unbelievable to see thses kind of ipo getting approval. Plantation co. Like VPL & other co. HARSHDEEP are struggling to come back above ipo price.
3. StarSon| Link| Bookmark|
May 3, 2024 9:01:09 PM
Top Contributor (300+ Posts, 100+ Likes)
Hem is the only considerable factor otherwise avoid candidate for me in this IPO fair. Will decide next week..
3.1. G profit| Link| Bookmark|
May 4, 2024 10:41:08 PM
IPO Mentor (1200+ Posts, 300+ Likes)