I am avoiding this SME. Only positive is Patanjali brand is attached to it. Can''t compare with Avanti feeds as it is totally different business(shrimp foods). Godrej agrovet is listed peer but there is big difference in M. Cap, its like comparing elephant v/s ant. This SME can''t ask for valuation it is priced. This is my personal view one may take decision on their own research.
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December 19, 2017 9:49:34 AM
IPO Mentor (800+ Posts, 1100+ Likes)
The issue appears fully priced at offered value of Rs. 30/- per equity share. However, positive market sentiments coupled with low ticket size of script makes it a risky but rewarding proposition. Investors may consider buying understanding their risk reward ratio which probably is at 1:2 for this IPO. For more details, subscribe to www.floppersflip.com for getting free and automatic alerts for low risk high gain calls.