OmnitechEngineering

: While we don't have the full RHP content extracted here, the market's outright rejection of this IPO (as evidenced by GMP and subscription) strongly implies that the RHP, despite being available, failed to present a compelling investment case. For a Mainline engineering company, investors typically look for a robust order book, consistent revenue and profit growth, healthy margins, manageable debt, and a clear competitive advantage. The complete lack of demand suggests that either the valuation is excessively high relative to peers and its own financials, or the business fundamentals (growth prospects, profitability, cash flow, or balance sheet strength) are simply not attractive enough. This signals a risky play rather than a quality business, as the market itself has voted against it.