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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]
Well, the parent company SEL enjoys investors' fancy and that may lure investors to subscribe this IPO. But considering its negative P/E and RONW with longer gestation period for servicing of equity, this aggressively priced IPO may be given a miss. However, well informed and risk aver long term investors may consider moderate investment.
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