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Dilip Davda recommend to "Avoid" the IPO.
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Dilip Davda | Avoid | ![]() |
[Dilip Davda] The company is operating in a highly competitive and fragmented segment of two wheeler dealership. It posted inconsistency in its financial performances for the reported periods. Based on FY24 annualized super earnings, the issue appears aggressively priced. Small equity base post-IPO indicates longer gestation for migration. There is no harm in skipping this “High Risk/Low Return” pricey bet. Read detail review...
Resourceful Automobile IPO Reviews, analysis and views by popular members. Read Resourceful Automobile Limited IPO reviews by retail investors to find recommended ipo to buy.
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