October 27, 2015 - October 29, 2015

IndiGo IPO Review & Recommendations

and have given "Apply" recommendation to IndiGo IPO. Dilip Davda recommend to "Avoid" the IPO.

IndiGo IPO Review Summary from brokers and analysts

Review By	Apply	May Apply	Neutral	Avoid	Not Rated
Count	2	0	0	1	0
%	66.67	0.00	0.00	33.33	0.00

IndiGo IPO Analysis By Brokers/Analysts

Reviewer	Recommendation	Past Reviews
	Apply
	Apply
Dilip Davda	Avoid

IndiGo IPO Capital Market Rating

The Captial Market (CapitalMarket.com) rating for IndiGo 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

IndiGo IPO Review by Dilip Davda (Avoid)

[Dilip Davda]

Considering its negative NAV as on 30.06.15, issue price is exorbitant. Aviation policy changes are expected in a month’s time, which will cast its shadow on the future trends of aviation industry. Rupee/Dollar parity and volatile ATF prices will continue to have its impact on bottom lines in coming years as well. As per latest balance sheet as on 30.06.15, as the cow is milked, there is virtually nothing is left for new investors at such a fancy pricing. Hence this appears to be a 'High Risk/Low return' bet.

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