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MNC🏹 Profile picture
@Focus_SME
Sep 3, 2023 • 8 tweets • 4 min read • Read on X
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Ratnaveer Precision Engineering () IPO. Manufactures stainless steel finished sheets, washers, solar roofing hooks, pipes, and tubes.
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RHP: ratnaveer.com
reports.chittorgarh.com/ipo_notes/RATN…

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Balance Sheet and Cash Flow Statement:


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Objects of the Issue:
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Business Overview:


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Capacity and Capacity Utilization: Image
Financial trend looks good. Cash flow looks average to poor I feel. Working capital heavy business with sizeable amount of debts, some of which are quite expensive IMO at 13%. There does exist scope from growth from existing capacity & high margin products may aid margins.
H2 will be heavy for the sector & seen from bifurcation of numbers. Monitor related party transactions & management compensation post listing.
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NOTE: It will go to T2T category on listing & may romance with ESM framework given asking Market Capitalization of less than 500 Cr.
Overall, this looks average to me but may do well & would prefer to monitor post listing. I WON'T APPLY FOR NOW.
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PLEASE DO YOUR OWN DUE DILIGENCE, REVIEW ACCORDING TO YOUR INVESTMENT STYLE AND THEN TAKE A DECISION.

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MNC🏹 Profile picture
Apr 3, 2024
Creative Graphics Solutions India () #IPOAlert. Engaged manufacturing Digital Flexo Plates, Conventional Flexo Printing Plates, Letter Press Plates, Metal Back Plates, and Coating Plates.
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RHP: creativegraphics.net.in/home/
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Balance Sheet and Cash Flow Statement:
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Mar 17, 2024
KP Green Engineering () IPO. Engaged in the manufacturing of fabricated and hot-dip galvanized steel products.
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RHP: kpgreenengineering.com
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Balance Sheet and Cash Flow Statement:
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Objects of the issue:


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Mar 15, 2024
AVP Infracon () #IPOAlert. Engaged in the construction of road projects on the basis of Bill of Quantities (BOQ) and Engineering, Procurement and Construction (EPC).
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RHP: avpinfra.com
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Balance Sheet and Cash Flow Statement. Added standalone as well given 2 periods Consolidate data only.
Objects of the issue:


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MNC🏹 Profile picture
Mar 14, 2024
Sona Machinery #IPOAlert. Some people asking & hence posting publicly why I entered. Low & almost negligible debts & good amount of cash in books.


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Good cash flow & also notice continuous purchase of fixed assets in cash flow as well as Gross Block. Also, funding capex from IPO Proceeds. Current capacity has room for growth even though capex will hit in H2FY25.


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Risk factors are surprisingly clean though this one is of operation related but good to keep in mind. Management compensation will see a steep jump. Some borrowings are expensive but given low debt I felt it's not material. Ageing receivable may need write off.


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Mar 11, 2024
Gopal Snacks () #IPOAlert. Engaged in the ethnic & western snacks & other products in India & internationally.
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RHP: gopalnamkeen.com
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Balance Sheet and Cash Flow Statement:

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