June 24, 2019 - June 28, 2019

Alumilite IPO Review & Recommendations

Dilip Davda has given "May Apply" recommendation to Alumilite IPO.

Alumilite IPO Review Summary from brokers and analysts

Review By	Apply	May Apply	Neutral	Avoid	Not Rated
Count	0	1	0	0	0
%	0.00	100.00	0.00	0.00	0.00

Alumilite IPO Analysis By Brokers/Analysts

Reviewer	Recommendation	Past Reviews
Dilip Davda	May Apply

Alumilite IPO Review by Dilip Davda (May apply)

[Dilip Davda]

Although the issue appears reasonably priced due to super profits earned in pre-IPO years, its sustainability raises concern. Cases against the company for tax matters valued at Rs. 15.5 cr. may have a severe impact if it goes against it. Considering these, cash surplus risk savvy investors may consider investment for long term at their own risk.

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