March 2, 2021 - March 4, 2021

ADJIA Technologies IPO Review & Recommendations

Dilip Davda recommend to "Avoid" the IPO.

ADJIA Technologies 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

ADJIA Technologies IPO Analysis By Brokers/Analysts

Reviewer	Recommendation	Past Reviews
Dilip Davda	Avoid

ADJIA Technologies IPO Review by Dilip Davda (Avoid)

[Dilip Davda] ATL being a startup has minuscule financial data for a limited period. Based on this, the asking price is at a much higher P/E. The company is paying around 20% to mobilize Rs. 2 crores from the market, this indicates that the issue is pre-structured and funding arrangement is done. There is no harm in giving this issue a MISS. Read detail review...

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