Check out this link while doing very basic due diligence about the company. They don't even hold a prominent office in a locality where established firms operate. I have reserved my doubts about the creditworthiness of promoters.
Garuda drones Has investments from MS dhone, billl gates foundations.
Owners are very cash rich...owner valuations 3000cr ipo is peanuts for them Group company is Garuda drones valued at 2000 cr... Garuda investment from Dhoni and Bill gates... GARUDA was been awared many project from GOI..
5. G profit| Link| Bookmark|
September 22, 2023 11:56:55 PM
IPO Mentor (1200+ Posts, 300+ Likes)
Company size is reasonably big. Good turnover. Good profits. If the ipo could have been bigger , then this company would have been a main board candidate.
5.1. IPO LEADER| Link| Bookmark|
September 23, 2023 9:21:55 AM
IPO Mentor (800+ Posts, 400+ Likes)
For SME they are offering Very affective valuation... At x9 pe its trading for current number , even more cheaper for forward number
5.2. NeoLongus| Link| Bookmark|
September 27, 2023 1:09:35 AM
IPO Mentor (800+ Posts, 400+ Likes)
Exactly - Why wouldn't they wait for a year or so and do a mainboard listing rather than waiting for 2 years for migration to mainboard after SME IPO?
Especially since financials are also steadily improving!
Keep minting!
4. Vnrao| Link| Bookmark|
September 22, 2023 12:29:07 PM
Top Contributor (500+ Posts, 200+ Likes)
Everything was good until I reached contingent liabilities. 28 cr tax liabilities of Company and a whopping 382 cr tax matters of associate company. What in the world did the associate do to arrive at such figure of liability.