Palm Jewels SME IPO is priced at a huge premium; Investors may give it a miss

Palm Jewels Ltd. (PJL) is engaged in the wholesale business of gold jewellery. It essentially sells gold based chains, bracelets and necklaces while outsourcing and manufacturing of jewellery through job workers based in Ahmedabad and Mumbai. The major raw material used for making products is gold & silver. Company procures gold & silver majorly through … Read more

No harm in giving Sorich Foils SME IPO a miss

Sorich Foils Ltd. (SFL) is engaged in manufacturing and supplying a varied range of Aluminium Foils for Blister, Strip Foils, Cold Forming Foil, Coated Glassine Paper for Blister, Laminated Glassine Paper for Strip Pack, Child Resistant (CR) Foils, Aluminium Lid Foils, Triple Laminates, Flexible Packaging for Pharma & Food Industries, also FMCG packaging materials. Business … Read more

Considering its FMGC prospects, Nakoda Group SME IPO is suitable for long-term investors

Nakoda Group of Industries Ltd. (NGIL) is engaged in manufacturing of tutti fruity (diced chelory) which is also called “Papaya Preserve” and canned fruit cubes that comes under the category of bakery products. It is also engaged in processing of almonds, trading of sesame seeds, clove, cutpeel murabba, karonda, daalchini and toor dal. Offer Details … Read more