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March 13, 2019 - March 18, 2019

Ashapuri Gold IPO Review & Recommendations

Dilip Davda recommend to "Avoid" the IPO.

Ashapuri Gold IPO Review Summary from brokers and analysts

Review By Apply May Apply Neutral Avoid Not Rated
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Ashapuri Gold IPO Analysis By Brokers/Analysts

Reviewer Recommendation Past Reviews
Dilip Davda Avoid

Ashapuri Gold IPO Review by Dilip Davda (Avoid)

[Dilip Davda]  

The issue is exorbitantly priced. It has just one showroom for its core business 9 employees. It is now planning partnership in non-related business of readymade garments. Financial data is non-encouraging. As on 31.12.18, it had a total strength of 9 employees including management. There is no harm in giving this issue a miss

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