Crow Verdict: Integrated facilities management (IFM) is a a labour-intensive industry, and I don't see much fancy in it. Like an octopus, it has hands everywhere - background verification, hygiene, clerking - all based on manpower. Almost like a distant cousin of The Urban Company. Still, looking at the peers of UDS, it would be okay to take some interest here. However, the high valuation, 70% attrition rate of its labour, and tepid subscription so far are problematic. Avoid to escape a possible flat or negative listing. Negative listings in 2023 have been rare, but if Yatra lists below IPO price, UDS may go the same way. Do not fall for FOMO in this. JSW is better compared to UDS.
Crow's skin in the game: Strong heart owners may take a last-minute call if QIB crosses 5x. 1 retail lot will be easy to acquire.
Crow's last AVOID recommendation: Signatureglobal (15% listing pop and currently up 17%).
Always in restraint of Mrs. Crow.