svh IPO Review

Apply

Long Term Multibagger

Apply blindly

Avoid

Clear Avoid.

Highly overpriced with weak financials.
Top Line , Bottom Line both declining.

LM failed to handle listed peer Brandbucket media.
5% discount listing.
50% discount trading.
Poor track record.

Apply

Blind Apply
confirm Listing Gain
Very Attractive Valuation

Avoid

Clear cut avoid due to scam master LM ( Bhatia color 50% discount listing ) and insane issue price.

Avoid

Cons - Aggressively Priced.

Pros -
Financials - Good
Growth - Extra Ordinary
D/E - Manageable

Conclusion - Peers are available cheaper

Avoid

Promoters have gone mad. They are asking for hefty fat bomb.

Apply

Fairly priced.

Avoid

> LMs are not at all reliable. They manage previous issues like reliance power , paytm and cartrade.

> Issue size is above 5000 cr.
Fully subscription of HNIs looks doubtful. GMP - 0

> Mcap/Revenue is double than blue dart. Frenzy pricing.

> All peers are profit making company. This is loss making company like paytm and cartrade.

Apply

Apply with long term view only.
In short term listing gain may not be possible due to ongoing aggressive correction in market.
Issue price looks at comfort zone w.r.t revenue, NP , peers.

Avoid

> Very high price and low market share.
> Corporate Governance issue. Criminal and forgery cases against Promoters.