It is expected that when lock in period ends, we may see selling in shares of even those companies that performed fairly well after listing
Before subscribing, retail investors should analyse not just the potential listing gains, but also the fundamentals and valuations of the IPOs.
Founded in 2005 by Col. David Devasahayam, Radiant Cash Management Services (RCMS) is an integrated cash logistics player.
Waree is also in the process of setting up another manufacturing facility at Chikhli in Gujarat.
So far, in 2021, as many as 40 companies have floated their IPOs to raise Rs 64,217 crore.
Earlier, the board of Oravel Stays had approved an increase in the authorised share capital of the company from Rs 1.17 crore to Rs 901 crore.
On the balance sheet front, the debt stands at Rs 106 crore, with debt-to-equity at 0.6 times. The RoE and RoNW stands at 9% and 12% respectively.
For FY21, the company’s sales, EBITDA and PAT stood at Rs 145 crore, Rs 43 crore and Rs 16 crore respectively.
Market experts are of the opinion that as many as 9 companies could raise around Rs 12,500 crore.
Most of its products, platforms, and solutions are digital, created in-house, and then deployed and delivered over the cloud