Friday, April 27, 2018

IPO ANALYSIS: DR LALCHANDANI LABS LIMITED - AVOID


Issue Details :


Issue opens  / closes on
25-04 /27-04-2018
Issue size
14,00,000 equity shares
Face value
Rs 10
Price
Rs 30
Promoters
ARJAN LAL CHANDANI, MR. MOHIT LAL CHANDANI AND MRS. ANCHAL GUPTA
Business
Provider of diagnostic and related healthcare tests and services in Delhi/NCR
Listings
Bse, sme
BRLM
Navigant Corp Advisors
Registrar
Cameo Corp Services

Remarks :

1. Limited operational history.
2. Mired with litigations.
3. Experienced negative cash flows in the recent past.

Avoid the IPO.

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