January 27, 2020 - January 30, 2020

Madhav Copper FPO Review & Recommendations

Dilip Davda recommend to "Avoid" the IPO.

Madhav Copper FPO 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

Madhav Copper FPO Analysis By Brokers/Analysts

Reviewer	Recommendation	Past Reviews
Dilip Davda	Avoid

Madhav Copper FPO Review by Dilip Davda (Avoid)

[Dilip Davda] The company rewarded investors of IPO well as it gave two free scrips and did a split of face value. However, the current market price at a P/E of around 81 and FPO pricing at a P/E of around 53 makes it an aggressively priced offer compared to peers as well as the industry average. As the coffers are empty, new investors will have to wait for long and thus similar gains are remote possibilities. There is no harm in giving this issue a miss. Read detail review...

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