Summary of Acme IPO Advertisement in today's ET
1. We may not be able to grow because of competition
2. We may not be able to. complete our current projects
3. We may have risks in our contracts on which we are heavily dependent.
4. 90℅ of our businesses is with 10 entities who are mostly loss making
5. 80% of our purchases are channelised through promoter's companies
6. We don't have definitive supply agreements with our vendors.
7. 60% of our inputs are from China.
8. We have limited experience in some of the major investments we intend to make
9. We incur losses on an operating basis. Whatever profit we made last year was due to exceptional items.
10. We have been caught being Not Compliant in the past.
11. We have debt which is 5 times our net worth.
If you still believe we are good pl see page 4 of economic times and put money in our public issue.
You will make money.😄
