Zerodha (Trading Account)
FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
Zerodha (Trading Account)
FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
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Dilip Davda recommend to "Avoid" the IPO.
| 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 |
| Reviewer | Recommendation | Past Reviews |
|---|---|---|
| Dilip Davda | Avoid |  |
[Dilip Davda]
Currently sentiment for jewellery sector is very weak. Company’s financial too are not that appealing except FY18 which raised IPO with superb earnings in pre-IPO year. Pricing of the issue is very aggressive and major chunk of fund is going for repayment of loans from promoters. There is no harm in giving this issue a miss.
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