Friday, December 30, 2016

IPO ANALYSIS: Maheshwari Logistic Limited - Avoid

ISSUE DETAILS:

ISSUE OPENS / CLOSES ON
30-12-2016 / 06-01-2017
Promoters
Vinay Maheshwari / others
Business
Truck services- own / third party

ISSUE SIZE
39,96,000 equity shares
FACE VALUE
Rs 10
PRICE BAND
Rs 68
LISTINGS
NSE - Emerge
BRLMs
Pantomath Capital
REGISTRAR
BigShare

AVOID THE IPO.

Reasons :

1. Unprofessionally managed enterprise.
    
2. Diversifying into unrelated business - craft paper.
        

3. Disputes with IT authorities, declared income under VDS.

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