Textile sector ki chhoti companies jaise TNA Solutions aur Paramount Syntex ab IPO la rahi hain. China-plus-one trend ka fayda uthane ki koshish hai, lekin debt aur cash flow ke risks ko ignore mat karna.
Textile sector mein IPO ki lehar
Indian textile ki chhoti companies ab bank loans ke bajaye market se paisa utha rahi hain. TNA Solutions ne ₹37.86 Crore ka IPO open kiya hai, jiska maqsad machinery upgrade karna hai. Wahi Paramount Syntex ko institutional investors se zabardast response mila hai, jahan inka issue 119.29 times oversubscribe hua. Isse pehle Unitec Fibres bhi BSE SME platform par ₹88 per share par list ho chuki hai.
China-plus-one ka game plan
Industry players global market mein apni jagah banana chahte hain. PLI scheme ke teehit 170 se zyada textile units ko approval mil chuka hai jo is sector ko boost de raha hai. Lekin reality check ye hai ki textile mein payments 120 din tak late ho sakti hain, jisse cash flow ki dikkat bani rehti hai.
Investors ke liye alert!
Har IPO gold nahi hota. Kuch companies IPO ka paisa naye business ke liye nahi, balki purane karz (debt) chukane ke liye use karti hain. Agar company ka debt-to-equity ratio high hai aur margins patle hain, toh raw material ke daam badhte hi ye companies risk mein aa sakti hain.
SME IPO mein volatility bohot zyada hoti hai. Sirf subscription numbers dekh kar entry mat lo. Prospectus check karo ki paisa kahan kharch ho raha hai—growth mein ya sirf purane loans khatam karne mein. Agle kuch quarters mein inka order book aur margin growth track karna bohot zaroori hai.