December 19, 2023 - December 21, 2023

Mufti Menswear IPO Review & Recommendations

Anand Rathi, BP Equities (BP Wealth), Indsec Securities, Nirmal Bang, SBICAP Securities Limited, Stoxbox by BP Equities Pvt Ltd, Sushil Finance Ltd, Swastika Investmart Ltd and Ventura Securities Limited have given "Apply" recommendation to Mufti Menswear IPO. Dilip Davda has given "May Apply" recommendation to Mufti Menswear IPO. Capital Market has "Neutral" view about the IPO. Axis Capital has "Not Rated" the IPO.

Mufti Menswear IPO Review Summary from brokers and analysts

Review By	Apply	May Apply	Neutral	Avoid	Not Rated
Count	9	1	1	0	1
%	75.00	8.33	8.33	0.00	8.33

Mufti Menswear IPO Analysis By Brokers/Analysts

Reviewer	Recommendation	Past Reviews
Anand Rathi	Apply
Axis Capital	Not Rated
BP Equities (BP Wealth)	Apply
Capital Market	Neutral
Dilip Davda	May Apply
Indsec Securities	Apply
Nirmal Bang	Apply
SBICAP Securities Limited	Apply
Stoxbox by BP Equities Pvt Ltd	Apply
Sushil Finance Ltd	Apply
Swastika Investmart Ltd	Apply
Ventura Securities Limited	Apply

Mufti Menswear IPO Capital Market Rating

The Captial Market (CapitalMarket.com) rating for Mufti Menswear IPO is 42. Their analysis recommends Avoid, however active risk seekers can try for the IPO.

Reviewer	Rating Score	Rating
Capital Market	42	Avoid, however active risk seekers can try

Mufti Menswear IPO Review by Dilip Davda (May apply)

[Dilip Davda] The company is operating in a highly competitive segment and has no own manufacturing unit, but deals of third party contract model. After posting robust growth in bottom lines for FY22 and FY23, it marked decline as hinted by Q1-FY24 performance. Based on annualized FY24 earnings, the issue appears fully priced. Well-informed investors may park funds for the medium to long term rewards. Read detail review...

Mufti Menswear IPO Peer Comparison

Credo Brands Marketing Limited peer comparison with similar listed entities. (As on March 31, 2023)

Company Name	EPS (Basic)	EPS (Diluted)	NAV (per share) (Rs)	P/E (x)	RoNW (%)	Financial statements
Credo Brands Marketing Limited	12.06	12.06	43.75		29.98	Consolidated
Aditya Birla Fashion and Retail Limited	-0.38	-0.38	35.24		-1.18	Consolidated
Go Fashion (India) Limited	15.33	15.33	96.36	88.24	17.27	Consolidated
Arvind Fashions Limited	2.77	2.76	68.48	157.08	4.42	Consolidated
Kewal Kiran Clothing Limited	19.31	19.31	88.76	40.24	23.22	Consolidated

Notes for listed peers:

Basic EPS and Diluted EPS refer to the Basic EPS and Diluted EPS sourced from the financial statements of the respective listed industry peer.
P/E Ratio has been computed based on the closing market price of equity shares on NSE on July 7, 2023 divided by the Diluted EPS provided.
Return on net worth ("RoNW") is computed as total profit/ (loss) for the year attributable to equity shareholders of the parent divided by average net worth (excluding non-controlling interest), as at March 31, 2023.
Net asset value per share is calculated by dividing net worth (excluding non-controlling interest) by number of equity shares outstanding as at March 31, 2023.

Mufti Menswear IPO Review by Members

Mufti Menswear IPO Reviews, analysis and views by popular members. Read Credo Brands Marketing Limited IPO reviews by retail investors to find recommended ipo to buy.

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Mufti Menswear IPO Review Summary by Members

Review By	Apply	May Apply	Neutral	Avoid
Count	1	0	0	0
%	100.00	0.00	0.00	0.00

Member	Review
Crow IPO Mentor (700+ Posts, 900+ Likes)	Apply for Listing Gain at Cut-off Price Good GMP, decent business, ride the IPO euphoria. December 19, 2023 7:26:52 PM

Member

Review

Crow

IPO Mentor (700+ Posts, 900+ Likes)

Apply for Listing Gain at Cut-off Price

Good GMP, decent business, ride the IPO euphoria.

December 19, 2023 7:26:52 PM

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