March 31, 2020 - April 9, 2020

Nirmitee Robotics IPO Review & Recommendations

Dilip Davda recommend to "Avoid" the IPO.

Nirmitee Robotics 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

Nirmitee Robotics IPO Analysis By Brokers/Analysts

Reviewer	Recommendation	Past Reviews
Dilip Davda	Avoid

Nirmitee Robotics IPO Review by Dilip Davda (Avoid)

[Dilip Davda] Financial performance so far has been lacklustre. Company is planning to redeem preference shares of promoters and arrange security deposits for the premises from the new investors' money with exorbitantly priced IPO. Post issue paid-up equity indicates long gestation for mainboard migration. LM has an average track record. Simply stay away from this high priced offer. Read detail review...

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