March 5, 2018 - March 7, 2018

East India Securities IPO Review & Recommendations

Dilip Davda has given "May Apply" recommendation to East India Securities IPO.

East India Securities 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

East India Securities IPO Analysis By Brokers/Analysts

Reviewer	Recommendation	Past Reviews
Dilip Davda	May Apply

East India Securities IPO Review by Dilip Davda (May apply)

[Dilip Davda]

This is the biggest SME IPO in the history so far. Company has posted surprising performance for last twenty one months. Promoters are selling over 27% stake that has average cost of acquisition of Rs. 10 and Rs. 10.27 per share. It appears issue is aggressively priced considering NAV due to non-capitalized reserves. Another surprise is while other companies are coming with IPO either with September 17 or December 2017 performance, this company has given performance till 20.01.18 of the current fiscal. Merchant banker has no track record. Considering all these, investors may consider investment at their own risk.

Read detail review...

Post Recommendation Manage Recommendations

Note:

The recommendations or analysis of public issues posted above expresses the views of its author and does not represent the views of Chittorgarh.com or its staff.
We reserve the right to remove any objectionable post without providing a reason.