Monday, February 12, 2018

IPO ANALYSIS : ARVEE LABORATORIES - AVOID


Issue Details :


Issue opens  / closes on
09-02 / 14-02-2018
Issue size
14,60,000 equity shares
Face value
Rs 10
Price
Rs 51
Promoters
Shalin Sudhakarbhai Patel and Mr. Shalin Bharat Chokshi
Business
Mfrs of industrial chemicals / speciality chemicals
Listings
Nse, emerge
BRLM
Sarthi Capital Advisors
Registrar
BigShare


Remarks :
Limited operational history, capacity utilization around 38%. The Company is repaying Rs. 841 Lakhs out of the IPO proceeds to the unsecured lenders. Litigations in respect of income tax payable.Debtors are outstanding for more than 120 days. Irrationally priced. Avoid the IPO.

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