The creator recommends avoiding the Steam House India IPO due to mixed growth quality, cold trading accounting for 27% of sales last year, stagnant profit margins, declining beta margins, and doubtful scalability.
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3 Hot IPOs. | Cold Verdict | Don’t Apply
Sep 9, 2026
The creator advises against investing in three recent IPOs: ARCIL, LCC Projects, and Steam House India. The reasons cited include SBI and PE funds selling stakes, lack of new capital for loans, failed recoveries, delayed payments from the government, promoter selling, mixed growth quality, and declining profit margins. The creator suggests holding cash for upcoming NSC IPOs.
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The creator strongly advises avoiding the LCC Projects IPO, which is in the water and irrigation theme, due to stuck company funds, delayed government payments, and promoter selling.