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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] The issue is aggressively priced above 66 P/E. Its top line has shown declining trends for the last three fiscals based on combined data. Though it claims that there are no listed peers, it is operating in a highly competitive and fragmented segment. There is no harm in ignoring this IPO Read detail review...
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