| Reviewer | Recommendation |
| IPOWatch | May Apply |
| Capital Market | May Apply |
| Canara Bank | Apply |
| Choice Equity Broking Pvt. Ltd. | Apply |
| Marwadi Shares & Finance Ltd. | Apply |
| SBICAP Securities Ltd. | Apply |
| Sushil Financial Services Pvt. Ltd. | Apply |
| Swastika Investmart Ltd. | Apply |
| SMC Global | Neutral |
| Dilip Davda | Not Rated |
| Asit C. Mehta Investment Intermediates Ltd | Not Rated |
| Axis Capital Ltd. | Not Rated |
| Bajaj Financial Securities Ltd. | Not Rated |
| Beacon Capital Advisors Pvt. Ltd. (Equivision) | Not Rated |
The companyās financial concepts are good, with increased revenue and PAT. The company is launching an IPO with the aim of working capital requirement, Repayment and/or pre-payment, in full or in part, of certain borrowings, and general purposes.
For long-term investment, this IPO might be a good fit. Overall, investors should carefully evaluate the companyās fundamentals, strengths, risks, and growth prospects before making any investment decision.
Read the strengths and weaknesses of the company to make an informed decision.
Strengths:
- The company is one of Indiaās leading players in the circular economy with a proven track record and demonstrated operational stability.
- Strong customer relationships and dependable raw material sourcing.
Weakness:
- They operate in a labour-intensive industry and are dependent on contract labour for their manufacturing operations. In the event of non-availability of contract labour or an increase in labour cost or any adverse regulatory orders or strikes or labour unrest, it may have a material adverse impact on their operations.
- Any adverse revision to their credit rating by rating agencies may adversely affect their ability to raise additional financing and the interest rates and other commercial terms at which such funding is available.
- They derived about 83.68% to 92.80% of their Revenue from Operations from repeat customers in the preceding three Fiscals and any loss of or a significant reduction in the repeat customers or revenue generated from them could adversely affect the business, results of operations, financial condition and cash flows.
Disclaimer
Investors are advised to make their own decisions and apply entirely at their own risk. This article is written using information from the companyās RHP (Red Herring Prospectus) data and online sources. If you have any queries, kindly contact the IPO Watch Team.
