September 20, 2021 - September 22, 2021

Quadpro ITES IPO Review & Recommendations

Dilip Davda recommend to "Avoid" the IPO.

Quadpro ITES 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

Quadpro ITES IPO Analysis By Brokers/Analysts

Reviewer	Recommendation	Past Reviews
Dilip Davda	Avoid

Quadpro ITES IPO Review by Dilip Davda (Avoid)

[Dilip Davda] QIL is in a highly competitive and fragmented segment. The last three fiscalÃƒÆ’Ã‚Â¢ÃƒÂ¢Ã¢â‚¬Å¡-ÃƒÂ¢Ã¢â‚¬Å¾Ã‚Â¢s financial data have shown declining trends in the top line. Super profits for FY21 i.e. in the pre-IPO year raises eyebrows. IPO pricing is very aggressive though based on such super earnings. The company is way behind its peers in turnover aspects. Considering all these, one may ignore this issue. Read detail review...

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