November 24, 2021 - November 29, 2021

DMR SME IPO Review & Recommendations

Dilip Davda recommend to "Avoid" the IPO.

DMR SME IPO Review Summary from brokers and analysts

Review By	Apply	May Apply	Neutral	Avoid	Not Rated
Count	0	0	0	1	0
%	0.00	0.00	0.00	100.00	0.00

DMR SME IPO Analysis By Brokers/Analysts

Reviewer	Recommendation	Past Reviews
Dilip Davda	Avoid

DMR SME IPO Review by Dilip Davda (Avoid)

[Dilip Davda] The company is operating in a highly competitive and fragmented segment. There are many big players as well. Margins reported by it from FY20 till now raise the concern of sustainability going forward. Based on IPO expenses, this issue is fully structured with funding arrangements. Though the issue appears lucratively priced based on its super earnings, considering its minuscule performance and concern for the sustainability of margins going forward, there is no harm in ignoring this issue. There is some mismatch in the Basis for the offer price data. Read detail review...

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