Aavas Financiers IPO Review: Is it investment worthy?

Aavas Financiers Ltd. (AFL) (incorporated as AU Housing Finance Pvt. Ltd.) is a retail, affordable housing finance company. BUSINESS The company primarily serving low and middle income self employed customers in semi-urban and rural areas in India. A majority of its customers have limited access to formal banking credit. According to an ICRA Report, the … Read more

A-1 Acid SME IPO Review (BSE): Is it investment worthy?

A-1 Acid Ltd. (A-1) is engaged in the business of trading of high quality industrial acid and chemicals. BUSINESS The company offers a wide range of chemical products which finds variety of applications in the industrial sector like chemical, textile, steel, aluminium, pesticides, fertilizers, intermediates, defence, metals and petro refineries. The company also provides transportation … Read more

Garden Reach Shipbuilders and Engineers IPO Review: Should you invest?

Garden Reach Shipbuilders & Engineers Ltd. (GRSE) is a shipbuilding company in India under the administrative control of the MoD (Ministry of Defense). BUSINESS The company primarily adheres to the shipbuilding requirements of the Indian Navy and the Indian Coast Guard. In addition to its ship and warship building capabilities, the company is engaged in … Read more

Manorama Industries SME IPO (BSE SME): Should you invest?

Manorama Industries Ltd. (MIL) is engaged in manufacturing, processing and supply of exotic and specialty fats. BUSINESS The company produces oils like sal butter, sal fat, sal oil, sal stearine, sal olein, mango butter, mango fat, mango oil, mango stearine, kokum butter, kokum oil, mowrah fat, and several valu-eadded tailor made products. Currently, MIL is … Read more

Mac Hotels SME IPO Review (BSE): Is this a good investment?

Mac Hotels Ltd. (MHL) is the subsidiary company of Hotel Miramar Comfort Private Limited which holds 88.27% of equity shares as on date of this company’s prospectus. BUSINESS The company is primarily engaged in the business of owning, operating and managing hotels, restaurants and resorts in Goa since the last he 25 years. MHL’s Hotels and … Read more

Sky Gold SME IPO Review (BSE): Should you invest in this firm?

Sky Gold Ltd. (SGL) is engaged in the business of designing, manufacturing and marketing of gold jewelleries since its incorporation. BUSINESS It mainly deals in 22 Karat gold jewellery, offering a wide variety of designs to suit preferences of the end customer. Company provides an extensive range of designs and also uses studded American diamonds … Read more

IRCON International IPO Review: Does the issue make the investment cut?

IRCON International Ltd. (IRCON) is an integrated Indian engineering and construction company, specializing in major infrastructure projects.  BUSINESS The company constructs railways, highways, bridges, flyovers, tunnels, aircraft maintenance hangars, runways, EHV sub-stations, electrical and mechanical works, commercial and residential properties, development of industrial areas, and other infrastructure activities. The company provides EPC services on a … Read more

Spectrum Electrical Industries SME IPO (NSE Emerge) Review: What to do?

Spectrum Electrical Industries Ltd. (SEIL) is an ISO 9001:2015 certified company, engaged in the business of designing and manufacturing of electrical, automobile and irrigation components. BUSINESS The company operates as contract manufacturers and as component suppliers to leading industry players on Business-to-Business (B2B) model. SIEL’s s focus has been on providing one-stop-shop solutions mainly to … Read more

Rajshree Polypack SME IPO (NSE): Is the issue priced attractively?

Rajshree Polypack Ltd. (RPPL) that entered in plastic packaging products a decade back is now one of the leaders in manufacturing of rigid plastic sheets and thermoformed packaging products (As per CARE Advisory Report – July 2018). BUSINESS The company manufactures customized plastic thermoformed packaging products which are tailored to the client’s requirements for products … Read more