Ceigall India IPO review (May apply)

Review By Dilip Davda on July 30, 2024 •    CIL is a reputed EPC contractor and has posted fastest growth in its performance. •    It has become a preferred partner for NHAI projects and has recently joined hands with Delhi Metro for rail infra developments. •    It has posted remarkable CAGR growth…

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Utssav Cz NSE SME IPO review (Avoid)

Review By Dilip Davda on July 27, 2024 •    The company is operating in a highly competitive and fragmented segment of gold jewelleries. •    The sudden boost in its bottom lines from FY23 onwards raises eyebrows and concern over its sustainability. •    Based on FY24 annualized super earnings, the issue appears fully…

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Bulkcorp Intl. NSE SME IPO review (Apply)

Review By Dilip Davda on July 26, 2024 •    The company is one of the leading player in FIBC bags with major revenue from exports. •    The company posted inconsistency for the reported periods in line with the Pandemic and Global disturbances. •    Based on FY24 earnings, the issue appears fully priced. …

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Ashapura Logi NSE SME IPO review (Apply)

Review By Dilip Davda on July 26, 2024 •    ALL is an integrated logistics company in India providing all related services. •    Though it posted degrowth in top lines, bottom lines improved for the reported periods. •    It has created a niche place in the segment with many blue-chip clients. •  …

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Akums Drugs IPO review (Apply)

Review By Dilip Davda on July 26, 2024 •    ADPL is a global player in CDMO and other pharma products with prime focus on India.  •    Its domestic market shares increased from 26.7% (FY21) to 30.2% (FY24). •    Due to provisioning of Put Option calls from EBITDA, it posted poor bottom lines…

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Kizi Apparels BSE SME IPO review (May apply)

Review By Dilip Davda on July 27, 2024 •    The company is in fashion garment business having own outlets and E-commerce platform marketing network. •    It has tie-up with Reliance Retail for bulk supplies. •    The company posted growth in its top and bottom lines for the reported periods. •    Based…

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