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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]
On merchant banker's mandate performance part, this is the fifth issue and out of earlier four mandates only 1 has failed to give gains on debut. But considering diminishing top line, higher valuation and the entry barrier, one should avoid this issue.
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