September 30, 2021 - October 5, 2021

CWD Limited IPO Review & Recommendations

Dilip Davda recommend to "Avoid" the IPO.

CWD Limited 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

CWD Limited IPO Analysis By Brokers/Analysts

Reviewer	Recommendation	Past Reviews
Dilip Davda	Avoid

CWD Limited IPO Review by Dilip Davda (Avoid)

[Dilip Davda] The company is in the field of IT services for connected wireless devices. Its financial data is not in line with its asking price. The issue is aggressively priced based on FY21 consolidated earnings. Small equity base post IPO indicates the longer duration for migration to the mainboard. Investors may skip this highly-priced issue that is asking fancy market cap valuations. Read detail review...

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