@MuStrFc Requesting your review on this IPO, it will be really helpful.
I found few red flags:
* RHP 24: Significant Related party transactions with Trafiksol Electromechanical Private Limited
* RHP
* RHP 29: Directors Mr. Jitendra Narayan Das was disqualified for 6 years for failing to file Financial statements and Annual returns of his companies
* RHP 75: Frequent resignation of Statutory Auditors
* RHP 86: Deployment of IPO Proceeds - Quotation from Oasis Corpcare Pvt. Ltd. of 17.7 Cr. - seems this company hasn’t filed its Annual returns with ROC for recent years.
* RHP CFS - 27 Trade Receivables ageing of 35 Cr above 6 months