January 31, 2020 - February 7, 2020

ICL Dairy IPO Review & Recommendations

Dilip Davda recommend to "Avoid" the IPO.

ICL Dairy 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

ICL Dairy IPO Analysis By Brokers/Analysts

Reviewer	Recommendation	Past Reviews
Dilip Davda	Avoid

ICL Dairy IPO Review by Dilip Davda (Avoid)

[Dilip Davda] IODPL has shown inconsistency in bottom lines despite growing top lines. The dairy business is highly fragmented. The company has tough competitions from big players with an established business. The issue appears aggressively priced. IODPL's financial performance has no match with the asking price. There is no harm in giving this issue a miss. Read detail review...

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