December 13, 2021 - December 17, 2021

Foce India IPO Review & Recommendations

Dilip Davda recommend to "Avoid" the IPO.

Foce India 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

Foce India IPO Analysis By Brokers/Analysts

Reviewer	Recommendation	Past Reviews
Dilip Davda	Avoid

Foce India IPO Review by Dilip Davda (Avoid)

[Dilip Davda] Super profits for the first quarter of FY22 raises eyebrows, if we track the last three fiscalÃ¢â‚¬â„¢s data. Such margin sustainability raises concern. Based on Q1-FY22 performance, the pricing of the IPO appears lucrative but otherwise, it's an aggressively priced issue. Perhaps the company is trying to encase the euphoria of primary marketÃ¢â‚¬â„¢s current mood. There is no harm in giving this pricy issue a MISS. Read detail review...

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