November 17, 2021 - November 22, 2021

GoColors IPO Review & Recommendations

Anand Rathi, Angel One, Arihant Capital Markets Ltd, Geojit Securities Ltd, Swastika Investmart Ltd and InvestorGain.com have given "Apply" recommendation to GoColors IPO. Dilip Davda has given "May Apply" recommendation to GoColors IPO. Axis Capital, Capital Market, HDFC Securities Limited, JM Financial Institutional Securities and Reliance Securities have "Neutral" view about the IPO.

GoColors IPO Review Summary from brokers and analysts

Review By	Apply	May Apply	Neutral	Avoid	Not Rated
Count	6	1	5	0	0
%	50.00	8.33	41.67	0.00	0.00

GoColors IPO Analysis By Brokers/Analysts

Reviewer	Recommendation	Past Reviews
Anand Rathi	Apply
Angel One	Apply
Arihant Capital Markets Ltd	Apply
Axis Capital	Neutral
Capital Market	Neutral
Dilip Davda	May Apply
Geojit Securities Ltd	Apply
HDFC Securities Limited	Neutral
JM Financial Institutional Securities	Neutral
Reliance Securities	Neutral
Swastika Investmart Ltd	Apply
InvestorGain.com	Apply

GoColors IPO Capital Market Rating

The Captial Market (CapitalMarket.com) rating for GoColors IPO is 40. Their analysis recommends Avoid, however active risk seekers can try for the IPO.

Reviewer	Rating Score	Rating
Capital Market	40	Avoid, however active risk seekers can try

GoColors IPO Review by Dilip Davda (May apply)

[Dilip Davda] The company has suffered due to the pandemic and posted negative earnings for the last 15 months. Based on such dismal performance the issue is having negative P/E. However, it holds a pure long term story considering an expansion plan afoot to increase outlets from 450+ to 2000+ in the coming five to six years. The company hopes to be on track once full normalcy returns and regain its growth pattern on pre-pandemic lines. Its dependence on third party contracts remains a major concern. Hence, risk seekers/cash surplus investors may park funds for long term rewards. Read detail review...

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