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Dilip Davda recommend to "Avoid" the IPO.
Review By | Apply | May Apply | Neutral | Avoid | Not Rated |
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Count | 0 | 0 | 0 | 1 | 0 |
% | 0.00 | 0.00 | 0.00 | 100.00 | 0.00 |
Reviewer | Recommendation | Past Reviews |
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Dilip Davda | Avoid |
[Dilip Davda] Although we have seen speedy rise in commodity trade in past few years, it is showing declining trends in the recent past. So servicing of the hike in equity to almost three fold will be a difficult task in the near term. So only long term HNI investors can dare to park moderate fund. Because post listing too the entry level of 10000 shares will not find many buyers and thus listing gains are also limited unless some mega market operation takes place as it was seen in the case of Max Alert. All other SME listings are quoting just little over or around offer price with market making gimmicks. Read detail review...
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