September 29, 2022 - October 3, 2022

Swastik Pipe IPO Review & Recommendations

Dilip Davda recommend to "Avoid" the IPO.

Swastik Pipe IPO Review Summary from brokers and analysts

Review By	Apply	May Apply	Neutral	Avoid	Not Rated
Count	0	0	0	1	0
%	0.00	0.00	0.00	100.00	0.00

Swastik Pipe IPO Analysis By Brokers/Analysts

Reviewer	Recommendation	Past Reviews
Dilip Davda	Avoid

Swastik Pipe IPO Review by Dilip Davda (Avoid)

[Dilip Davda] Though the company is eligible for mainboard IPO, it has opted for the SME route which is raising eyebrows. It marked a loss for FY20 and super profits for FY22 with the help of exceptional items. Based on FY22 performance excluding exceptional items, the issue is aggressively priced. It is operating in a highly competitive segment and hence sustainability of margins is a major concern. There is no harm in skipping this aggressively priced IPO. Read detail review...

Swastik Pipe IPO Review by Members

Swastik Pipe IPO Reviews, analysis and views by popular members. Read Swastik Pipe Limited IPO reviews by retail investors to find recommended ipo to buy.

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Swastik Pipe IPO Review Summary by Members

Review By	Apply	May Apply	Neutral	Avoid
Count	1	0	1	1
%	33.33	0.00	33.33	33.33

Member	Review
Focus SME (400+ Posts)	Avoid Asking PE is extremely high if exceptional items are removed. Has added capacity a lot. Related Party Transactions are low. Management compensation is low I feel. However; I am not very positive on the sector and hence for long term I will wait for post-listing performance. October 3, 2022 2:22:54 PM
GOEL STOCK LINK	Apply for Listing Gain at Cut-off Price FOR LISTING GAIN. COMPANY IS GOOD. BUT IPO PRICE IS FULLY PRICED. September 30, 2022 2:57:26 PM
Top Contributor	Neutral Looks good but disadvantages are big size without QIB quota . September 23, 2022 10:35:33 AM

Member

Review

Focus SME (400+ Posts)

Avoid

Asking PE is extremely high if exceptional items are removed. Has added capacity a lot. Related Party Transactions are low. Management compensation is low I feel. However; I am not very positive on the sector and hence for long term I will wait for post-listing performance.

October 3, 2022 2:22:54 PM

GOEL STOCK LINK

Apply for Listing Gain at Cut-off Price

FOR LISTING GAIN. COMPANY IS GOOD. BUT IPO PRICE IS FULLY PRICED.

September 30, 2022 2:57:26 PM

Top Contributor

Neutral

Looks good but disadvantages are big size without QIB quota .

September 23, 2022 10:35:33 AM

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