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#SME IPO mania?
๐คฆRecent IPO of #Macobs Technologies Ltd. subscribed by 183x.
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Well, here is their product's reality in one picture.
Just a brand logo change on a Chinese product selling 7-10$ in AliExpress.
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The question is, are we aware of this reality before applying for the IPOโผ๏ธ
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Nothing against the 'entrepreneurs' but telling untrue tales in the interview about "R&D, Hardwork, building from scratch etc." don't do well in the long term.
Although the product page says "Made in PRC".
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The strategy here is- create an unique tagline such as "below the belt grooming", hire Instagram influencers, put money in the marketing, and sell just a Chinese trimmer as a dropshipping business with a different brand name.
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That said the business could do well. This could be another multibagger story, I don't know.
At least if it is a good trimmer, it would sell well irrespective of its origin.
#MacobsTech
Lets understand ROCE, ROE, D/E and few other metrics by a very simple eg.
Harsh sells Momos. He started a biz with 2L. Thats equity.
To grow the business he took a loan of 1L.
For buying equipment and Land.
Total capital is 3L rupees.
1/15
Credit:
@BaluGorade
A Thread ๐งต๐งตon HOW TO FIND MULTIBAGGER STOCKS?
Here's a small GIFT from me to help you uncover PROMISING STOCKS and EVALUATE any company on your own.
๐Happy investing๐ฅ๐ฅ