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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Solve Plastic NSE SME IPO review (Avoid)

Review By Dilip Davda on August 9, 2024 •    The company is operating in uPVC and Rigid pvc pipes, which is highly competitive and fragmented segment. •    It posted inconsistency in its top line for the reported periods.  •    Based on FY24 earnings, the issue appears aggressively priced. •    There is…

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Picture Post NSE SME IPO review (Avoid)

Review By Dilip Davda on July 31, 2024 •    The company is a creative and innovative post-production company specializing in film editing and other related services. •    It marked many fold jump in top and bottom lines for FY24, that raises eyebrows and concern over its sustainability going forward. •    No peer…

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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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Aprameya Engg NSE SME IPO review (Avoid)

Review By Dilip Davda on July 24, 2024 •    The company is engaged in a highly competitive and fragmented segment. •    It posted drastic fall in its top and bottom lines for the reported periods. •    The issue appears exorbitantly priced based on its FY24 performance. •    There is no harm…

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Kataria Ind. NSE SME IPO review (Avoid)

Review By Dilip Davda on July 13, 2024 •    The company is engaged in manufacturing and supply of LRPC strands and steel wires. •    Recently it diversified into real estate business to increase its income stream. •    The company has posted average financial performances for the reported periods. •    Based on…

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