October 27, 2023 - October 31, 2023

Shanthala FMCG Products IPO Review & Recommendations

Dilip Davda recommend to "Avoid" the IPO.

Shanthala FMCG Products IPO Review Summary from brokers and analysts

Review By	Apply	May Apply	Neutral	Avoid	Not Rated
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Shanthala FMCG Products IPO Analysis By Brokers/Analysts

Reviewer	Recommendation	Past Reviews
Dilip Davda	Avoid

Shanthala FMCG Products IPO Review by Dilip Davda (Avoid)

[Dilip Davda] The company is a distributor for FMCGs for their products only in Coorg -Karnataka region. Its financial performances so far have been below average and based on its super annualized performance for FY24, the issue appears exorbitantly priced. The small equity capital post listing indicates longer gestation for migration to mainboard. Simply skip this pricey bet and save your money. Read detail review...

Shanthala FMCG Products IPO Peer Comparison

Shanthala FMCG Products Limited peer comparison with similar listed entities. () (As on October 20, 2023)

Company Name	EPS (Rs)		P/E (x)	RoNW (%)
Company Name	EPS Basic	EPS Diluted	P/E (x)	RoNW (%)
Shanthala FMCG Products Limited	3.55	3.55	25.66	12.38

There are no listed companies in India that are engaged in a similar business to Shanthala FMCG Products Limited, accordingly, these data cannot be ascertained.

Shanthala FMCG Products IPO Review by Members

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

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Shanthala FMCG Products IPO Review Summary by Members

Review By	Apply	May Apply	Neutral	Avoid
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Member	Review
SMEmitra	Avoid Parameter - Score (0-5) Promotors/Sr. Management & Work Ethics - 3 Company Financials - 2 Segment Growth Opportunity - 3 Asking Valuation (compared with Peers) - 2 Nothing extra ordinary about the business and the asking valuation seems to be too high. Lead Manager's past performance - 2 Consolidated Score - 2.5 October 28, 2023 10:11:42 PM

Member

Review

SMEmitra

Avoid

Parameter - Score (0-5)
Promotors/Sr. Management & Work Ethics - 3
Company Financials - 2
Segment Growth Opportunity - 3
Asking Valuation (compared with Peers) - 2

Nothing extra ordinary about the business and the asking valuation seems to be too high.
Lead Manager's past performance - 2
Consolidated Score - 2.5

October 28, 2023 10:11:42 PM

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