A licensed pawnbroker - offering short-term finance with a redemption period of 6 months for each pledge transaction, which is renewable - also trades/retails pre-owned watches & jewellery. Operates 24 branches now.
Issues not discussed in the IPO prospectus
This report discusses a few issues that are relevant in understanding this IPO, but had not been mentioned or elaborated upon in the prospectus. Calculations have been made from numbers provided in the prospectus and other sources in this regard. Opinions regarding gold price and interest rate have been used to infer likely areas that might affect profitability of Maxi-Cash. Readers are therefore expected to have read the prospectus and consulted with their financial advisers, so that they could better understand the issues raised, before investing.
The issues (discussed more fully on page 2) are: