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Dilip Davda recommend to "Avoid" the IPO.
Review By | Apply | May Apply | Neutral | Avoid | Not Rated |
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Count | 0 | 0 | 0 | 1 | 0 |
% | 0.00 | 0.00 | 0.00 | 100.00 | 0.00 |
Reviewer | Recommendation | Past Reviews |
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Dilip Davda | Avoid |
[Dilip Davda] The company has presented financial data for around 12 months in total for two fiscals. Based on Q!-FY21 negative earnings, its P/E cannot be ascertained. The issue is exorbitantly priced on all parameters. Its tiny equity post IPO also indicates higher gestation for migration to the mainboard. Investors may skip this highly-priced issue. Read detail review...
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