August 21, 2018 - August 30, 2018

Add-Shop Promotions IPO Review & Recommendations

Dilip Davda recommend to "Avoid" the IPO.

Add-Shop Promotions 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

Add-Shop Promotions IPO Analysis By Brokers/Analysts

Reviewer	Recommendation	Past Reviews
Dilip Davda	Avoid

Add-Shop Promotions IPO Review by Dilip Davda (Avoid)

[Dilip Davda]

Although company has shown progress in top and bottom lines, sudden jump in FY18 working is a bit surprising. Sustainability of the same going forward raises concern. Post issue equity jumps by nearly 647 times. Issue pricing is very aggressive. There is no harm in giving this issue a miss.

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