Naveen Kumar
27 Feb • 2:17 PM · SEBI-Registered Analyst
Striders Impex IPO
Striders Impex, an NSE SME IPO (₹36.29 crore at ₹71-₹72 per share), operates in licensing, developing, and distributing toys and kids’ merchandise globally. While recent standalone figures suggest growth, the sharp jump in reported profits (especially on a standalone basis) raises concerns about fabrication for IPO pricing. The 9M-FY26 consolidated performance shows a notable setback, compounded by a lengthy 153-day trade receivable cycle. Valuations appear aggressive, with a P/E of 25.09 based on annualized FY26 earnings. Considering the lead manager's poor track record and the company's recent financial hints of a setback, prudent investors might find this a pricey and uncertain proposition best avoided.
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