January 29, 2018 - February 2, 2018

A and M Jumbo Bags IPO Review & Recommendations

Dilip Davda recommend to "Avoid" the IPO.

A and M Jumbo Bags IPO Review Summary from brokers and analysts

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

A and M Jumbo Bags IPO Analysis By Brokers/Analysts

Reviewer	Recommendation	Past Reviews
Dilip Davda	Avoid

A and M Jumbo Bags IPO Review by Dilip Davda (Avoid)

[Dilip Davda]

If compared with peers, AnM has the lowest turnover and the working of last three fiscals is on the basis of its Rs. 0.17 crore equity that is expanding to Rs. 1.75 crore post issue. It issued rights shares at a price of Rs. 16 per share in October 2017 and now wants new investors to part Rs. 65 per share. Investors have better options in secondary market for investment at lower P/Es. Hence there is no harm in giving this issue a miss.

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