Stock Market + Conservation, Wild Life. Have no stock specific advice to give. I have NO group. Not on any SM other than Twitter
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🌟🌟LIST OF GOOD SME IPOs LISTED FROM 01 Jan 2026 (Sheet 1, Sheet 2 & Sheet 3)
🗒️Data Covers: IPO Price, IPO P/E, List Price, Current Price, Current P/E, % Gain with respect to IPO Price. For most recent stocks, Capex Completion target time is given in Comments.
🩷LIKE, SAVE in 🔖BookMarks for Detailed Study
Some stocks start discounting future earnings , very early, considering capex. But not all. If price is still at lower valuation, BUT major capex is ongoing, it's an opportunity to track and enter, when price action starts. 👍
Suggest not to take Promoter's every word in Investor presentations, as Ved Vakya. Lot of fluff and inaccurate stuff will be there in their talks. 👎
Please go through recent NSE order announcements / capex status / business updates too before investing.👍
Do note , even some of these stocks could fail, 👎since we are yet to see First Post-Listing Financials. And there can be cooked up 👎revenue and extra high margins which could disappear with H1 result. So one has to track results closely. No blind bets.
SHEET 1
ACME INDIA INDUSTRIES
TNA SOLUTIONS
EVERESTIMS TECHNOLOGIES
SJP ULTRASONICS
VANS ELECTROENGINEERING
ACME UNIVERSAL SAFEZONE 9
ROOPA SCREEN
POOJA LOGISTICS
FX MULTITECH
ROBOKIDZ EDUVENTURES
SPECTRAA TECHNOLOGY SOLUTIONS
RAKSAN TRANSFORMERS
MAHARAJA & SPEEDEX INDIA
AMTECH ESTERS
QUALIANCE INTERNATIONAL
ASHUTOSH FIBRE
🩷LIKE, SAVE in 🔖BookMarks for Detailed Study
Sheet 2 and Sheet 3 in Thread below 1/3
ONLY GOOD SME STOCKS, LISTED FROM 01 Jan 2026 - (After filtering out Cockroaches 🪳)
🌟By tomorrow. we will look at list of these stocks with IPO Price, IPO P/E, List Price, Current Price, Current P/E, % Gain with respect to IPO Price as well as List Price with Comments
This will help to quickly figure out stocks, where there could be further opportunity.
Hope to release on Monday Morning! Should help in your research and probably spot ones which have not gone up much 👍
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🚂Why HBL stock flared up? HBL is all set for multibagger gain on its Tonbo investment of Rs.86.7Cr done in 2023.
Assuming TONBO lists at Rs.700, it's stake will be valued at Rs.571Cr. (6.6x in 3 years).
Cool gain of Rs.485Cr in standalone networth.
(HBL Engineering holds 81,63,000 shares of Tonbo)
What is on the plate for Tomorrow?😀 Bonfiglioli Transmissions or Tonbo Imaging?
1. Bonfiglioli has been in operation since year 2000. It's matured as an industrial gearbox and gear motor manufacturer. It is competing against Elecon, Flender, SEW, Shanti & Nord Drive.
IPO won't suddenly make it grow manyfold. But around 10 to 15% growth is assured based on historic growth.
Very good products with Italian Parentage hence valuation can be higher than 42x at 586.
At 50x it's 700.
Such multinationals could get around 75p/e as seen from other listed global MNCs
2. Tonbo Imaging is a high tech company and the govt need to encourage it.
But it's topline is very lumpy and infact, has been going down in 3 years.
(FY24 432Cr, FY 25 475cr, FY26 370Cr and a loss making poor Q1Fy 27)
With about 460cr orderbook as of Sept 2026, probably FY27 will see a turnaround though June Quarter is a terrible mess.
Tonbo is at 79x at Rs.700. (based on fy26 earnings. Q1FY27 ignored.)
If it lists at Rs.1200, the p/e will be a hefty 135x.
There is unbilled works of fy26 plus orders under execution. So may be FY27 will deliver around Rs.500Cr provided next 3 quarters report big numbers
Assuming Tonbo is able to maintain Rs.1200. with 500cr sales, it should be at around 85p/e with FY27 results. That looks decent.
But issue, is what is in store for investors who enter at Rs.1200 with 6 months holding plan? Probably nothing much. (If Q2 is also a bit weak there can be correction)
Based on the above for a 6 month holding, Bonfiglioli looks better at Rs.500 than Tonbo at Rs.1200.
But on very longterm, TONBO will do much better because of topline growth opportunity.
It will be great if by chance, after few weeks, Tonbo comes below Rs.800. Foolish Dream?😁
🔸Note: Numbers are rough. There may be errors. Verify and do your own assessment.
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What is on the plate for Tomorrow?😀 Bonfiglioli Transmissions or Tonbo Imaging?
1. Bonfiglioli has been in operation since year 2000. It's matured as an industrial gearbox and gear motor manufacturer. It is competing against Elecon, Flender, SEW, Shanti & Nord Drive.
IPO won't suddenly make it grow manyfold. But around 10 to 15% growth is assured based on historic growth.
Very good products with Italian Parentage hence valuation can be higher than 42x at 586.
At 50x it's 700.
Such multinationals could get around 75p/e as seen from other listed global MNCs
2. Tonbo Imaging is a high tech company and the govt need to encourage it.
But it's topline is very lumpy and infact, has been going down in 3 years.
(FY24 432Cr, FY 25 475cr, FY26 370Cr and a loss making poor Q1Fy 27)
With about 460cr orderbook as of Sept 2026, probably FY27 will see a turnaround though June Quarter is a terrible mess.
Tonbo is at 79x at Rs.700. (based on fy26 earnings. Q1FY27 ignored.)
If it lists at Rs.1200, the p/e will be a hefty 135x.
There is unbilled works of fy26 plus orders under execution. So may be FY27 will deliver around Rs.500Cr provided next 3 quarters report big numbers
Assuming Tonbo is able to maintain Rs.1200. with 500cr sales, it should be at around 85p/e with FY27 results. That looks decent.
But issue, is what is in store for investors who enter at Rs.1200 with 6 months holding plan? Probably nothing much. (If Q2 is also a bit weak there can be correction)
Based on the above for a 6 month holding, Bonfiglioli looks better at Rs.500 than Tonbo at Rs.1200.
But on very longterm, TONBO will do much better because of topline growth opportunity.
It will be great if by chance, after few weeks, Tonbo comes below Rs.800. Foolish Dream?😁
🔸Note: Numbers are rough. There may be errors. Verify and do your own assessment.
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Very Happy Dussehra! Let there be PEACE and quicker INFRA and INDUSTRIAL GROWTH, creating JOBS for hardworking GenZ.
Let there and no RIOTS and Burning Streets INSTIGATED by CJP and Urban Naxals.
If the cockroach leaders try to distroy peace and development, they would be TAUGHT grave LESSONS by PEOPLE of the country.
Made with AI
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Oh My God! What is this?😂 Ministry of Health has issued a TENDER for admitting a 67 year old Female for 3 years till June 2029 in Mental Health facility in NCR region! Who do they want admitted? WHO? WHY? 🤣
Is this in any way related to this??? "Excess liquidity in India’s equity market has contributed to underperformance and may continue to do so"
Made with AI
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Ministry of Health and Family Welfare:
This note is issued in the larger public interest of both mental health and market composure.
NOTE: It has come to the notice of this Ministry that certain recent observations on market liquidity by a 67-year-old VIP have produced not just commentary but outright merriment among market participants.
While merriment is ordinarily a desirable public outcome, when it is triggered by economic pronouncements it begins to resemble a public health emergency of the financial kind.
Accordingly, the tender for the patient’s interment until June 2029 is not to be viewed as punitive. It is a time-bound, evidence-based intervention aimed at:
Isolating the source of involuntary market laughter;
Ensuring that capital markets are no longer exposed to unfiltered liquidity-related remarks; and
Redirecting the patient’s considerable energy toward non-volatile subjects such as millets, monsoon patterns, and the correct technique of folding a sari.
Bidders are reminded that “keeping the patient away from commenting on the economy” is not a suggestion but a core deliverable.
Failure to maintain information quarantine may result in blacklisting and, more importantly, continued market merriment — an outcome this Ministry is determined to treat.
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SHELLZ SME IPO BUSINESS REVIEW. Company makes FMCG confectionery snacks like choco delights, jellies, baked treats, biscuits, wafers, cones and cream or chocolate fillings at Unit in Sonipet and Delhi (Being closed down). 👎AVOIDED – May consider later, after couple of Results
🩷LIKE, READ FULL REVIEW & DECIDE
This business review is based on DRHP/RHP filed by the company at Exchange & is based on reviewer’s understanding of the documentation. For a full understanding of risks, financials, objectives & prospects suggest to go through the RHP in detail & form own opinion
OBJECTS: Out of Rs. 60Cr Raised, Rs.23Cr for WC, Rs.22Cr for Loan repayment and rest for general and listing expenses
BUSINESS & PROSPECTS:
Company makes FMCG confectionery snacks like choco delights, jellies, baked treats, biscuits, wafers, cones and cream or chocolate fillings under “Hugs” and “Tosca”brands
Only HUGS is actually selling, with more than 90% sales from that.
Total capacity is being increased from 17,100 MT to 34,500 MT (Not IPO funded). About Rs.24Cr is under WIP. The Delhi Unit will be shut down and equipment moved to New Sonipat Unit.
Company had made Shellz Overseas its WOS in Fy26. This company holds all the TradeMarks and was acquired from promoters for about 22Cr without any reported business. The amount paid is capitalized under Intangible Assets. Incidentally company has to pay monthly Royalty to Shellz Overseas. 👎👎 What is the intangible assets of 22Cr, if Royalty has to be paid ????? 🙃
Basically 22Cr went out from company to promoters. 👎How was this valued? There is no Fin Statement of Shellz Overseas in the RHP.👎
There is around 23Cr Tax demand . Plus check bounce and other cases.👎
Overall financials seem messy 👎with over 100Cr Debt including almost 50Cr Long Term.
Company does not seem to have done orderly expansion, using internal accruals. Now, the new investors have to shoulder the impact of inefficiency
VALUATION AND DECISION:
Rs.179 is at 15.4x its TTM earnings, on post IPO equity basis.
Annapurna Swadisht which is listed as Peer has 500Cr sales with low 8P/e valuation. Shells India has around Rs.200Cr Sales.
Overall does not look like efficiently managed. 👎AVOIDED. Will check how its financials are after deploying IPO funds for WC and for reducing debt
Regarding Listing Gain opportunity, you may take own decision, as usual
Suggest to assess by yourself and take your own decision, after further study, considering various factors discussed and any other info available.
LIKE BOOKMARK SHELLZ SME IPO REVIEW
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RajStockWatch retweeted
The Govt has to quickly step in and scrap ALMM DCR. That will result in solar stock boom. There is no need for any big capex once ALMM DCR requirement is removed. Now all affected companies will petition MNRE saying they can't get machinery to do DCR. So if Solar energy target is to be maintained, DCR will have to be scrapped.
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🌟ALMM is DEAD! ⚰️ Only the date of Burial is pending! Positive for Solar. 👍
Solar panel makers can rejoice! No need of capex since they can't get Chinese Machinery anymore and ministry can't curtail Solar GW target.
Just import modules and cells from China at cheap rates, like earlier.
The minister @mnreindia can retire and shut down the ALMM clown department, dump all those crazy ALMM lists down the drain
Note: Some companies which would have spent few crores on preliminary works for expansion may have to write off.
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What if such Catastrophe happened In India? World media will be doing non stop coverage mocking us as third world country for having Natural Gas pipe lines and wells within Military Base. (It's fine if it's in the West!)
Scores of troops have DIED and more than 500 seriously wounded when Army Shells landed on gas pipeline right INSIDE THE CANADIAN MILITARY BASE, WAINWRIGHT in ALBERTA causing string of explosions and fire.
🇨🇦CANADA IS THIRD WORLD.
A catastrophic blast at Canadian Forces Base Wainwright, Alberta has reportedly resulted in multiple fatalities and injuries during a live fire military training operation.
According to local sources on base, Canadian Forces personnel had been conducting exercises over several days when an artillery projectile reportedly struck an active natural gas well on the bombing range, triggering a massive detonation.
The blast is said to have levelled nearby tactical training buildings, with subsequent fires reaching munitions storage and setting off secondary detonations across the range.
The geography and infrastructure;
➟ CFB Wainwright has a documented history of natural gas production, with approximately 180 wells reported on the military property in 2014.
➟ Military range maps identify munitions storage, pipelines and designated live fire danger areas near Peterson Pond.
➟ NASA FIRMS satellite imagery recorded multiple thermal hotspots between Peterson Pond and Jamieson Lake on October 17.
Local accounts also describe hospitals activating Code Orange protocols, mobilizing stretchers and preparing for a significant influx of casualties.
The reported gas well strike, secondary detonations and hospital emergency measures remain unconfirmed as authorities investigate the incident.
Should these reports be confirmed, my thoughts and prayers are with everyone involved and affected.
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SEBI's request for public comments on revised SME listing process is still open
1. As per the proposal, trading will have no LOT System. GOOD👍
2. It will be minimum tick size of 1 share as any MainBoard Stocks 👍👍 (Great for Liquidity)
3. "Market Making Scam" will be shut down 👍👍👍
4. Multiple Lots in Application:
While there is NO LOTs in trading, SEBI says there will be 4 Lots of ~Rs.25000 each with 1Lakh as minimum application money
Is this multiple lots system needed at time of application?? Cant they just say apply for 1 lot of ~ Rs.1Lakh minimum and multiple there of.
5. LISTING: Companies having market cap of upto 1000Cr based on IPO price, will have to list in SME
6. LISTING: There is a proposal to allow Companies having Mcap between 1000 and 4000Cr also to list in SME provided they follow Ind AS Accounting. (What is the need to complicate this? Cant they just keep 1000Cr as max MCap and ask everyone else above 1000Cr, to list in MainBoard?)
7. Mandatory Migration once Mcap hits 4000Cr. But there is provision that companies can opt to migrate between 1000 to 4000Mcap if they wish to.
8. ALLOTMENT
a) RETAIL ALLOTMENT: There is lot of CONFUSION in the wordings. While Application is minimum of Rs.1 L consisting of four lots each of Rs.25000, Allotment Clause says Retail will get Minimum Lot. (Sec 5.5.2.6) This MEANS shares of one Lot of Rs.25000 only??? Or 4 Lots totaling Rs.1Lakh? Drafting seems poor. Retail has paid 1lakh already.
After allotting whatever is the minimum per person (as per above), rest of the shares will be allotted on proportionate basis it says. ???
b) HNI ALLOTMENT: First every lucky allottee will bet 1 Minimum HNI lot and if there are excess shares it will be allotted on proportionate basis.
Feel Both Retail and HNI is lucky dip only with every lucky allotted getting minimum lot as per their category (When stock is fully subscribed, where is excess share to allot proportionately??)
LINK for Commenting: sebi.gov.in/sebiweb/publicco…
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The Cockroaches are doing "peaceful Tiranga March" in France. The general public are the victims not the imbecile communists and antisocials who are psychos who simply do not believe in any democratic process or institutions. And when action is taken to stop them, they call themselves VICTIMS. Indian Govt has been too soft so far. But just like in France, that won't help at all. Or we will see Bangladesh, Paki, Chinese and Naxalite flags while cities burn.
Tragically, France led the way in recognizing a Palestinian state without requiring any process to advance peace, security, and stability for all, then all but encouraged the Islamist mobs calling to “globalize the intifada.” Now, the intifada has arrived in France as “Free Palestine” mobs ransack and burn its cities.
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🍏ACCENT MICROCELL H1FY27 RESULTS. Rs.675 was at 37p/e. Now 28x👍
Margin has shot up from 16 to 24%. Though topline reported is weaker than expected, margin expansion has more than compensated for it.
IPO was in Dec 2023 at Rs.140. Listed at Rs.300. Due to almost 100% utilization and VERY long gestation period of 2 years from IPO for capex, stock struggled at around 300 for > 2 years.
In Q4 Fy26 only stock started moving up in anticipation of higher revenue due to existing plant capacity increasing by 1200MTPA (Old machinery – not new capex) since company got consent to operate that .
ALSO due to the terrible stock growth situation over 2 years, company pushed trading which expanded to 30% in Fy26. These 2 things helped to boost Fy26H2 and with expectation of the MUCH DELAYED IPO funded Unit 3 may start soon,👍 stock has gone up
AS ON TODAY, the UNIT3 which should have been operational year ago, IS STILL NOT commissioned.👎
If trading was not done and the approval for the 1200MTPA old plant had not come, stock would have suffered badly.
FROM NOW, all focus to be on ACTUAL commercial operation and sales from new plant.
(Management has been bluffing for more than 2.5 years). Hopefully, they will complete construction, get approval and start production in Q3 at least.
🔹IPO time capacity 8000MTPA
🔹Old Pending Machinery Approved later – 1200MTPA
🔹Total Existing Now: 9200MTPA
🔹Sales done in Fy25 almost 15000MTPA (Desperately got into TRADING Activity due to delay in New Unit)
🔹THE DELAYED IPO Funded NEW UNIT 3: 2400 MTPA (This has premium products which can give higher margin)
🔹Expected Capacity including Unit 3: 11600 MTPA
FUTURE: Stock has re-rated from 17x to 28x with expectation of revenue from UNIT3 & due to boost in H2 FY26 numbers with Trading and the 1200MTPA unit operation.
Company will have to maintain trading while boosting topline with UNIT3 sales. Future is good provided there is NO further SLIPPAGE in UNIT3 commercial operation beyond Q3 (Need to hit ~400Cr in FY27)
(Interesting: Because of the delay in new UNIT 3 and high utilization in existing units, when SIGACHI went up in flames in JUNE2025, the stock could not make significant gains.
Otherwise, stock should have doubled from Rs.300 in June / July 2025 itself)
H1 FY27 Vs.H2 FY26
REV: Rs. 178Cr Vs Rs. 214Cr
PAT: Rs. 31Cr Vs Rs. 26Cr
(May Compare with H1FY26 Rev=Rs.142 Cr & PAT=Rs. 18Cr )
TTM Vs FY26
REV: Rs. 391Cr Vs Rs. 356Cr
PAT:Rs. 57Cr Vs Rs. 44Cr
SME IPO was in Dec 2023 at Rs.140 at 17.5p/e . Listed at Rs.300.
📌 Accent Microcell Limited informed the exchange about its approval for the financial results for the period ended September 30, 2026. #SME #ACCENTMIC 📄🧾
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🍏SUPREME POWER EQUIPMENT H1FY27 RESULTS. Rs.273 is now at 27p/e
Good Numbers: Q2 Rev at Rs.86Cr vs Rs.51Cr in Q1
H1 FY27 Vs H2 FY26
REV: Rs. 137Cr Rs. Vs Rs. 107Cr👍
PAT: Rs. 13.8Cr Vs Rs. 11Cr👍
(May Compare with H1FY25 Rev=Rs.75 Cr & PAT=Rs. 9.5Cr )
TTM Vs. FY26
REV: Rs. 244Cr Vs Rs. 182Cr👍
PAT: Rs. 24.8Cr Vs Rs. 20.4Cr👍
📒NOTE: Based on the numbers , investors could be looking for hot Rs.300Cr topline this year, against Rs.182Cr in Fy26 . 👍
That should give a PAT of around Rs.30Cr for the year with annual EPS of Rs.12. At just 30p/e stock is worth Rs.360 during the year👍
SME IPO was in Dec 2023 at Rs.65 at 13 p/e
📌 Supreme Power Equipment Limited informed the exchange about its approval for the financial results for the period ended September 30, 2026. #SME #SUPREMEPWR 📄🧾
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E2E NETWORKS. RESULT IS LOOKING VERY GOOD.
However even after the super q1 and q2, the P/e stands at around 125x
Stock is correcting. Means it ran up a bit steeply before results, from 600 level.
But if H1 (q1 +q2) is repeated in H2, at Rs 705, the valuation will be just around 65x.
Good #Q2FY27-16/10/26 post 2pm till 3pm
E2E Networks
#E2ENetworks
#E2E
Solid Q2FY27 with good QoQ and YoY uptick across all parameters
Blockbuster set
Rev at 224cr vs 44cr, Q1 at 157cr
PBT at 97cr vs -18cr, Q1 at 48cr
PAT at 82cr vs -16cr, Q1 at 40cr
OCF at 396cr vs 122cr🙌
75% OPM
SG Finserve
#SGFin
#SGFinserv
Solid Q2FY27 with good QoQ and YoY uptick across all parameters
Rev at 161cr vs 75cr, Q1 at 137cr
PBT at 79cr vs 38cr, Q1 at 71cr
PAT at 59cr vs 28cr, Q1 at 54cr
Highest ever set in company's history
Should comfortably beat FY27 guidance
Nil NPAs
Ujjivan SFB
#UjjivanSFB
Solid Q2FY27 with very good QoQ and YoY uptick across all parameters
PPOP at 597cr vs 548cr QoQ
Rev at 2448cr vs 1938cr, Q1 at 2280cr
PPOP at 593cr vs 395cr
PBT at 391cr vs 160cr, Q1 at 421cr
PAT at 365cr vs 122cr, Q1 at 317cr
Asset quality good
GNPA and NNPA down QoQ and YoY
Solid comeback for Ujjivan
26%+ AUM and disbursements growth
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RAVITA ENGINEERING SERVICES SME IPO BUSINESS REVIEW. Company is good at HV AC systems installation in large industrial projects and in Offshore Locations. For data centers, the work is SAME as industrial HVAC ie ONLY AMBIENT AIR COOLING. NOT rack or chiplevel cooling. This is important to note, to avoid getting trapped in HYPE. There is possibility of sudden MCA action on promoter.
🩷LIKE, READ FULL REVIEW & DECIDE
This business review is based on DRHP/RHP filed by the company at Exchange & is based on reviewer’s understanding of the documentation. For a full understanding of risks, financials, objectives & prospects suggest to go through the RHP in detail & form own opinion
OBJECTS: Out of Rs. 116Cr Raised, Rs.70Cr for WC, Rs.25.5Cr for capex and rest for general and listing expenses
Capex is for buying excavators, mobile cranes, trucks etc for outdoor Piping related projects like the ongoing ETP discharge line work
BUSINESS & PROSPECTS:
Company’s name was Powermech Services Private Limited till Sept 2025. Name changed possibly to avoid conflict with the well known listed company, PowerMech Projects.
It has reported Orderbook of Rs.491Cr of June 2026 including O&M Contracts
Whether Onshore, Offshore or Datacenter, work is the same, HVAC Chilled Water systems for ambient temperature and humidity control.
This company could have been working as subcontractor for Voltas, Bluestar etc for decades and then must have grabbed direct contracts by kicking them out!. There can be no other reason for such change in numbers. From 13cr in fy24 to 280cr in fy26 will need some brutal "wheeling dealing".
REDUCING DEPENDENCE ON HVAC: Company seem to be seriously going into piping and other civil works since the Capex is for equipment for such works (Excavators, Dumpers, Trucks, Mobile Cranes, Backhoe loaders etc.
There is ZERO HVAC related installation equipment being procured except probably 1 Forklift (Company was getting the equipment on hire through its group company Tykoon Mines GK Limited for an ongoing ETP discharge pipeline work).
BLACKSWAN RISK: Due to default Group Company of Promoter Mr. Vibhoar Agrawal,
M.R. Foods Private Limited is under the process of compulsory strike-of by MCA. There is possibility of Mr. Agrawal being barred from holding directorship in RAVITA and this can impact the business since he is the one driving the business. The action by MoA can happen unannounced with virtually no time for orderly exit. So take care since this is arisk especially or long term investment till there is clarity from MCA
VALUATION AND DECISION:
Rs.112 is at 14x its TTM earnings, on post IPO equity basis.
Considering the growth momentum, valuation looks reasonable. If the market IGNORES potential MCA action, then stock may do well. In fact, against around Rs.140 to 150Cr expectation in H1Fy27, company has already reported Rs.97Cr in Q1 Fy27. With H1 result coming soon, there is possibility for price monetum
However, AVOIDED considering promoter trouble with MCA
Regarding Listing Gain opportunity, you may take own decision, as usual
Suggest to assess by yourself and take your own decision, after further study, considering various factors discussed and any other info available.
LIKE RAVITA ENGINEERING SERVICES BOOKMARK SME IPO REVIEW
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AN UPDATE: RAVITA ENGINEERING SERVICES is group company of GANESH INFRAWORLD which reports huge turnover growth but market has been very negative. Both are promoted by Mr. VIBHOAR AGRAWAL. Ganesh Infraworld office was raided by ED in Jan 2026 but company did not post the matter at NSE and only after NSE questioned it update was posted in Aug 2026. Market perception of the group seems to be negative as seen from the stock price chart of Ganesh Infraworld 4.5 p/e
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RAVITA ENGINEERING SERVICES SME IPO. It's HVAC installation contractor. There has been super growth in topline in last 2 years.
This company must have been working as subcontractor for Voltas, Bluestar etc for decades and then must have grabbed direct contracts by kicking them out!. There can be no other reason for such change in numbers. From 13cr in fy24 to 280cr in fy26 will need some brutal "wheeling dealing".
As for applying, if by chance allotted, there is possibility to face sudden BLACKSWAN event. Promoter is facing potential debarrment from directorship due to ongoing MCA action on a group company which defaulted on Company's Act.
Stock may go up. But let's say one fine day morning, next year, news breaks of action on promoter, the stock will collapse and bleed🩸.
The "wheeling dealing" business is fully dependent on him.
Longterm holding has to be avoided due to this.
The company name was Powemech Engineering Services till 2025 September. Possibly changed due to problems with Powermech Projects.
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VAIBHAV VYAPAAR – SME IPO BUSINESS REVIEW. AVOIDED. 15 year old lender from Kolkata. Risky Personal Loan business like the failed, DAR CREDIT which is at a luxurious 5p/e now. Closing on 15th Oct (Will it close?!)
This Company has reported SUDDEN spike in PAT in Q1 Fy27 of Rs.3Cr, Entire Fy26 Pat was Rs.1.97Cr on 37Cr income. And in June Quarter, it made 3Cr Pat on 18Cr income. 🙃This can be a trap. Not taking any risk
Even if we consider 3Cr in Q1 as correct, its TTM P/e is Massive 34x 😯against 5p/e of closest peer, DAR CREDIT.
No point in further review. Better to check future financials to see whether the reported Q1 numbers were a PRE IPO trap or genuine.
Suggest to assess by yourself and take your own decision, after further study, considering various factors discussed and any other info available.
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