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IPO Reviews by Option Delta Trader

IPO	Review
Vital Chemtech Limited IPO	Avoid Hi, My logic behind the "AVOID" recommendation is simple. Since 2020 company assets has increased approx 4 times, so does the borrowing. Moreover, the reserves they have is quite low, against the kind of borrowing they have and for the kind of business they are in. And I have a view that world is moving towards sustainability, where people care about environment and reducing carbon footprint. So don't know how they will position themselves. October 21, 2022 2:40:24 PM

IPO

Review

Vital Chemtech Limited IPO

Avoid

Hi,
My logic behind the "AVOID" recommendation is simple. Since 2020 company assets has increased approx 4 times, so does the borrowing. Moreover, the reserves they have is quite low, against the kind of borrowing they have and for the kind of business they are in.

And I have a view that world is moving towards sustainability, where people care about environment and reducing carbon footprint. So don't know how they will position themselves.

October 21, 2022 2:40:24 PM

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