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June 14, 2022 - June 17, 2022

Scarnose International IPO Review & Recommendations

Dilip Davda recommend to "Avoid" the IPO.

Scarnose International IPO Review Summary from brokers and analysts

Review By Apply May Apply Neutral Avoid Not Rated
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Scarnose International IPO Analysis By Brokers/Analysts

Reviewer Recommendation Past Reviews
Dilip Davda Avoid

Scarnose International IPO Review by Dilip Davda (Avoid)

[Dilip Davda]  Though the company has reported a growing pattern for its top and bottom lines, its low margin raises concerns. Based on petty earnings, its IPO is priced greedily. A low post-IPO equity capital base indicates longer gestation for migration to the main board. There is no harm in ignoring this pricy issue. Read detail review...


Scarnose International IPO Review by Members

Scarnose International IPO Reviews, analysis and views by popular members. Read Scarnose International Limited IPO reviews by retail investors to find recommended ipo to buy.

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Scarnose International IPO Review Summary by Members

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Member Review
Abhii VPG
IPO Mentor IPO Mentor (700+ Posts, 300+ Likes)

Avoid

Ask price is too high.
Net profit margin is not even 1%

June 9, 2022 11:45:53 PM
IProfitO
Top Contributor Top Contributor (200+ Posts, 100+ Likes)

Avoid

Company improved it's bussiness both bottom and top line and doing well.The LM has good track record .
The major issue is while it's peer are trading at average p/e 4 it's asking price is 50+ that also with the high margin and revenue in current year.So sustainability is very unlikely .So clear cut avoid .

June 9, 2022 8:45:26 PM
JAI MATA DI
IPO Mentor IPO Mentor (700+ Posts, 500+ Likes)

Avoid

Issue price too costly.

June 9, 2022 7:15:13 PM

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