Arrowhead Seperation Engineering Limited is engaged in the manufacturing, trading, and exporting of various types of dryers such as Vacuum Double Drum Dryer, Rotary Dryers, Single Drum Dryer, Double Drum Dryer, Paddle Dryer, Flaker Systems, Totally Enclosed Single Drum Dryer, Continuous Particulate Dryer, etc.
IPO Review
| Parameters | Score (0-5) | Comments |
|---|---|---|
| Promotors/Sr. Management & Work Ethics | 4 | Well experienced promotors. No red flags as per the RHP – litigations, open criminal proceedings, tax proceedings, etc. |
| Company Financials | 3 | Though top and bottom line numbers are in an increasing trend, Total Borrowing seems to be on the higher side. |
| Segment Growth Opportunity | 3 | No moat and highly competitive business, so doesn’t enjoy high margin. Moderate growth is expected for the sector. |
| Asking Valuation (compared with Peers) | 3 | Asking PE is ~18, peers are in the range of 13-30x. Considering the financials, the asking valuation seems to be on a higher side. |
| Lead Manager’s past performance | 3 | Asking PE is ~18, peers are in the range of 13-30x. Considering the financials, the asking valuation seems to be on the higher side. |
| Consolidated Score | 3.2 |
Disclaimer – This is not an investment advice. Nobody has paid us to write this review. This analysis is for education purposes only.
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