June 30, 2020 - July 3, 2020

Bonlon Industries IPO Review & Recommendations

Dilip Davda recommend to "Avoid" the IPO.

Bonlon Industries 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

Bonlon Industries IPO Analysis By Brokers/Analysts

Reviewer	Recommendation	Past Reviews
Dilip Davda	Avoid

Bonlon Industries IPO Review by Dilip Davda (Avoid)

[Dilip Davda] BIL has shown inconsistency in its top and bottom lines. Super earnings for the first three-quarters of FY20 raises eyebrows and concern over sustainability for the same going forward. The company operates in a highly competitive business that is fragmented. Although issue price appears lucrative on prima facie basis, considering its inconsistent financial data, investors may give it a miss. Read detail review...

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