March 31, 2021 - April 7, 2021

Jetmall spices and masala ipo Review & Recommendations

Dilip Davda recommend to "Avoid" the IPO.

Jetmall spices and masala 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

Jetmall spices and masala ipo Analysis By Brokers/Analysts

Reviewer	Recommendation	Past Reviews
Dilip Davda	Avoid

Jetmall spices and masala ipo Review by Dilip Davda (Avoid)

[Dilip Davda] The offer document is unpalatable and silent on many informal data. It has posted declining financial performance for the last three fiscals and whopping profits for the first half which is raising eyebrows. The asking price is at a P/E of 40 plus on the basis of the last three yearâ€™s average. The sustainability of FY21 first-half performance is a million-dollar question. Based on issue expenses criteria, this issue is fully structured. There is no harm in giving this issue a miss. Read detail review...

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