top of page

research

List of Companies  

Agrum Foods India Pvt. Ltd.​
  • Business: B2B agri-supply chain – cold storage & food-grade potato starch.

  • Strengths: Long-term PepsiCo & Cargill contracts, 97–98% utilization, integrated operations.

  • Growth: Indian cold chain market CAGR 12.3%, global starch demand rising.

  • Risks: Client concentration, potato price volatility, expansion execution.

  • IPO View: Strong moat, stable cash flows; watch valuation & debt profile.

RDP
  • Business: Affordable “Make in India” laptops/desktops, AI-ready hardware.

  • Strengths: Underserved ₹30,000 Cr price segment, govt tender advantage.

  • Growth: ₹78 Cr (FY25) → ₹1,000 Cr (FY29) target.

  • Risks: Aggressive scaling, competition from global brands, capital-intensive.

  • IPO View: High-growth electronics play; execution & funding discipline critical.

Prabhu Naidu Ltd.
  • Business: Vertically integrated recycled fabrics & eco-bags; ESG-focused.

  • Strengths: Strong certifications, global clients, social impact (5,200+ rural women employed).

  • Growth: 6.9× FY25 revenue jump; PAT CAGR >200%.

  • Risks: Aggressive growth targets, working capital strain.

  • IPO View: Attractive ESG + growth story if priced at 10–15× P/E.

Alwar Greentech Ltd.
  • Business: Lead oxides & alloys for industrial use.

  • Strengths: Diverse products, experienced leadership, 44% revenue growth.

  • Risks: Commodity price swings, environmental compliance.

  • IPO View: Niche industrial play; attractive at 12–15× P/E.

SRG Narrow Fab Ltd.
  • Business: India’s largest elastic manufacturer (apparel, footwear, medical).

  • Strengths: 30+ yrs ops, diversified demand, capacity expansion to 410 machines.

  • Risks: Domestic market dependence, execution of expansion.

  • IPO View: Stable niche with expansion upside; fair at ≤14× FY25 earnings.

Inovit Solutions
  • Business: Precision components for aerospace, defence, automotive, energy.

  • Strengths: High-entry-barrier certifications, marquee clients, capacity for 6× growth.

  • Risks: Sector concentration, aggressive projections.

  • IPO View: Precision engineering + MRO potential; secure multi-year contracts pre-IPO.

9M India Ltd.
  • Business: Generic pharma with >1,000 approved products.

  • Strengths: Regulatory edge in Chhattisgarh tenders, expansion into regulated markets.

  • Growth: FY25–FY27 revenue to grow ~2.5×; high margins.

  • Risks: Plant approval delays, tender concentration.

  • IPO View: High-profitability, expansion-driven growth; fair at 18–20× P/E.

 

IPOWORK is a Management Consulting, Capital Advisory & AI Solutions firm.

Privacy Policy

 

Additional Disclosure

Testimonials may not be representative of the experience of other customers and are not a guarantee of future performance or success

bottom of page