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April 9, 2019 - April 15, 2019

Jinaam's Dress Limited IPO Review & Recommendations

Dilip Davda has given "May Apply" recommendation to Jinaam's Dress Limited IPO.

Jinaam's Dress Limited IPO Review Summary from brokers and analysts

Review By Apply May Apply Neutral Avoid Not Rated
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Jinaam's Dress Limited IPO Analysis By Brokers/Analysts

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Dilip Davda May Apply

Jinaam's Dress Limited IPO Review by Dilip Davda (May apply)

[Dilip Davda]  

The sudden spurt in bottom lines forFY18 raises concern. The company did placement of shares at Rs. 70 per share with a group of investors ahead of IPO. Based on valuation parameters, the issue appears fully priced. However, JDL is working on an in-house process module that might lead to better margins going forward. Currently, the textile segment is not favoured by investors for investments.  Considering all these, investors may consider an investment for the long term.

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