Crizac Limited — IPO & Business Analysis (2025)

1. Business Model Crizac operates as a tech-enabled, B2B (business-to-business) education platform focused on international student recruitment for global higher education institutions. It serves as a bridge between educational institutions in UK, Canada, Ireland, Australia, and New Zealand and a global network of education agents. 2. Products, Services & Brands 3. Manufacturing, Infrastructure & Location 4. Geographic Presence 5. Total Addressable Market…

Travel Food Services — IPO & Business Analysis (2025)

1. Business Model Travel Food Services (TFS) operates as India’s leading provider of food and beverage (F&B) services across airports, railways, and highways. Its business model focuses on two core verticals: Revenue is generated from licensing, franchise partnerships, direct operations, and concessions—leveraging multi-year contracts at high-traffic transit locations. 2. Products, Brands & Partnerships 3. Manufacturing and…

Smartworks Coworking Spaces — IPO & Business Analysis (2025)

1. Business Model Smartworks operates as a managed and flexible office space platform focused on providing fully-serviced, tech-enabled workspaces. Its primary client base consists of large enterprises, MNCs, SMEs, and high-growth startups. It offers: Revenue comes from leasing office space and providing allied services (IT, security, F&B, business lounges, wellness, etc.), with campuses in major Indian cities. 2. Products,…

Anthem Biosciences — IPO Analysis (2025)

1. Business Model Anthem Biosciences is a Contract Research, Development, and Manufacturing Organization (CRDMO). It offers integrated, end-to-end solutions for pharmaceutical and biotechnology companies. The company supports clients across the drug development lifecycle, from discovery to commercial manufacturing, by providing: Clients engage with Anthem via fee-for-service, milestone-linked, and revenue-sharing models. Over 80% of revenue is derived…

Shanti Gold International Ltd. — IPO Analysis

Business Model Shanti Gold International Ltd (SGIL) operates a B2B business model, manufacturing and supplying gold jewellery primarily to well-known retail chains and large wholesalers. It focuses on high-quality 22kt cubic zirconia (CZ) casting gold jewellery, taking pride in craftsmanship, design innovation, and speed of delivery. Their ability to deliver from design to completion within…

Quadrant Future Tek Limited | IPO Review | By R.A Vishal Trehan

Business Overview:Quadrant Future TEK offers Products & solutions in the following four verticals: Speciality Cables; Cable Assemblies & Interconnect Solutions; electrical/Electronic Systems & Displays and End to End Solutions in Train Control & Signalling Solutions. Most of the manufacturing is based out at Mohali in Punjab Segments: Specialty Cables Division – offers Speciality Cables for…

Standard Glass Lining | IPO Review | By R.A Vishal Trehan

Business Overview: One of the top five specialised engineering equipment manufacturer for pharmaceutical and chemical sectors in India, with in house capabilities across the entire value chain. Product portfolio include core equipments used in the manufacturing of pharmaceutical and chemical products, which can be categorized into: (i) Reaction Systems; (ii) Storage, Separation and Drying Systems;…

Unimech Aerospace | IPO Review | By R.A Vishal Trehan

Business Overview: Unimech Aerospace is a global high precision engineering solutions company specializing in manufacturing of complex products with “build to print” and “build to specifications” offering, which involves machining, fabrication, assembly, testing and creating new products basis the specific requirements of our clients for the aerospace, defence, energy and semi-conductor industries. Possess unique “build…

Indo Farm Equipment Limited | IPO Review | By R.A Vishal Trehan

Overview: Two decade old fully integrated established manufacturer of Tractors 52.16% of revenue and & Pick & Carry Cranes (47.77% of revenue). Also operate asset financing business (with focus on retail financing of tractors) through our wholly owned subsidiary named as “Barota Finance Limited”, which is a RBI registered NBFC Business Description: Indo Farm commenced…