IPO Watch: Sotefin Bharat Ltd
After reading the RHP, here are my key takeaways:
Niche player in automated & robotic parking systems
Revenue and PAT have grown strongly over the last few years
ROCE >30% with relatively low debt
100% fresh issue (no promoter exit)
IPO Watch: Sotefin Bharat Ltd
After reading the RHP, here are my key takeaways:
Niche player in automated & robotic parking systems
Revenue and PAT have grown strongly over the last few years
ROCE >30% with relatively low debt
100% fresh issue (no promoter exit)
But there are risks too:
Working capital cycle is over 200 days
Project-based business with customer concentration
SME liquidity
My view: It's a business that could reward patient investors over the next 2โ3 yrs if mgmt continues executing well and improves cash conversion.
#Nseindia#Bseindia#IPO#Smeipo#Sbifunds#Millworks
Unbelievable IPO Moment!
SME vs Mainboard
Millworks Technologies SME IPO
Retail Bid Amount: โน11000 Cr
SBI Funds Management IPO
Retail Bid Amount: โน11600 Cr
More power to retailers.
#Nseindia#Bseindia#Stockmarket#IPO
The IPO winning streak continues! Kusumgar Ltd debuted at โน569, locking in a solid 36% gain from its โน419 offer price. After a long slump, we're finally seeing back-to-back blockbuster listings. Cheers to the good times rolling back in!