Category: SME

Sirca Paints came out with an IPO issue in May 2018 on the SME segment of NSE.

They had roped in some marquee names as anchor investors @ 160 Rs/share.

So its a surprise to see one of the Anchor Investors exit within a month and half of listing

So is the lesson here “Fronti nulla fides” ?

Source: DRHP Filings of Add-Shop Promotions Ltd

Source: DRHP Filings of Bright Solar Ltd

Source: DRHP Filings of Innovative Ideals & Services Ltd

Source: DRHP Filings of Kenvi Jewels

Average annual cost per employee (including senior management) is 1.42L !