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IPO	Review
On Door Concepts Limited IPO	Apply The company is debt free and is coming at an extremely attractive valuation which is ~0.5x Revenue, compared to the likes of Dmart and Trent which are trading at 5x Revenue today. Tier 3 and Tier 4 markets across central India seem fairly untapped and untouched by modern retail and their focus is on the rural and smaller towns. Unique proposition of franchisee model is a good blend of local entrepreneurship Marquee long only investors like Mr. Vallabh bhansali are investors in this company October 13, 2023 7:07:22 PM

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On Door Concepts Limited IPO

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The company is debt free and is coming at an extremely attractive valuation which is ~0.5x Revenue, compared to the likes of Dmart and Trent which are trading at 5x Revenue today.

Tier 3 and Tier 4 markets across central India seem fairly untapped and untouched by modern retail and their focus is on the rural and smaller towns.

Unique proposition of franchisee model is a good blend of local entrepreneurship

Marquee long only investors like Mr. Vallabh bhansali are investors in this company

October 13, 2023 7:07:22 PM

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