Prices would go up when no one expects . Be patient… even hdfc has to go through consolidation phase and financial especially small cap are consolidating. Sbfc has not beem able to cross listing price, mfi has beem smashed by loan waiver news. If you have then wait else let it cross 315/320 range to add. L

Hello,

Its a really interesting detailed info of the company, But I can see that Reliance Naval is already listed entity. Also the market cap of Reliance Naval is just 170Cr.

If you have any information on the order book of Reliance infra for the 11 under construction projects it will be helpful. We may need to wait and watch how this transition takes place within the company.

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There was a article recently in Themorningcontext on this IPO. To summarise, the assignment highlighted five things- 1. Lack of further models or prototypes, their car team has been dissolved and no further models have been developed. Quality control issues have been common.
2. High attrition (50%) leads to drag in operations.
3. Promoter has been spending more time on Krutrim. This can be seen playing similar to how he left Ola cabs when it was in prime and not has been relegated to second place in India.
4. The company still sells its scooters for loss. The haven’t been able to raise much funding and this going through the IPO route.
5. Competition from established auto companies.

I don’t believe there is any particular upside in the company, unless they do some solid research, have a good team and bring an excellent product to market. Companies like Bajaj, TVS and Honda will eat their market share with their brand value, network and customer service.

I think IT sector is relatively non contributor to recent relly and ignored. IT big names are giving stable results & can bounce back in near term 1-3/4qtr.
Long term perspective I think they will have challenge getting business from US Market as US IT spends will reduce. those which have high % revenue comming from US will have challenging time ahead.