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Dilip Davda recommend to "Avoid" the IPO.
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Dilip Davda | Avoid |
[Dilip Davda] The company operates in a highly competitive and fragmented segment with many players around. The sudden boost in its bottom line for 10M- FY23 raise eyebrows and concern over the sustainability going forward. Based on such super earnings, the issue appears aggressively priced while based on its track records so far, the issue is exorbitantly priced. Tiny equity capital post-IPO indicates a longer gestation period for migration to the mainboard. There is no harm in skipping this pricey issue. Read detail review...
AccelerateBS India IPO Reviews, analysis and views by popular members. Read AccelerateBS India Limited IPO reviews by retail investors to find recommended ipo to buy.
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Review By | Apply | May Apply | Neutral | Avoid |
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Member | Review |
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High Flyer |
Neutral Merchant Banker is Shreni shares, then you should be very careful, in the past Small Equity base they will handle tricky listings but pricing is too high. I faced huge losses Amiable Logistics and DAPS Advertising and Fidel software all applied ipo two applns NOT got single allotment. Major mistake buying the shares after listing after even 11th day also they will not give support of maintaining price levels. Huge losses I faced. You take your own decisions. July 8, 2023 11:00:45 AM |
ZUB H |
Avoid There are serious doubts about the long-term sustainability of this company. Therefore, it is premature for them to disclose any concrete plans or future prospects to the public. July 6, 2023 11:29:10 AM |
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