Resourceful Auto BSE SME IPO review

Review By Dilip Davda on August 17, 2024 •    The company is engaged in dealership of two wheelers and has Yamaha as a primary brand. •    It has posted inconsistency in its financial performance for the reported periods. •    Quantum jump in bottom line for 11M-FY24 raises eyebrows and concern over its…

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Forcas Studio NSE SME IPO review (May apply)

Review By Dilip Davda on August 14, 2024 •    The company is penetrating into affordable menswear and gaining momentum. •    It has online/offline presence and increasing its popularity in Tier-2, Tier-3, Tier-4 cities. •    The company posted growth in its top and bottom lines for the reported periods.  •    Based on…

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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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