November 29, 2016 - December 1, 2016

Sheela Foam IPO Review & Recommendations

, Dilip Davda and have given "Apply" recommendation to Sheela Foam IPO. has "Neutral" view about the IPO.

Sheela Foam IPO Review Summary from brokers and analysts

Review By	Apply	May Apply	Neutral	Avoid	Not Rated
Count	3	0	1	0	0
%	75.00	0.00	25.00	0.00	0.00

Sheela Foam IPO Analysis By Brokers/Analysts

Reviewer	Recommendation	Past Reviews
	Apply
Dilip Davda	Apply
	Apply
	Neutral

Sheela Foam IPO Capital Market Rating

The Captial Market (CapitalMarket.com) rating for Sheela Foam IPO is 39. Their analysis recommends Do not subscribe for the IPO.

Reviewer	Rating Score	Rating
Capital Market	39	Do not subscribe

Sheela Foam IPO Review by Dilip Davda (Apply)

[Dilip Davda] Demonetization has taken a toll of recent IPO of Greensignal that could not garner the required quota of QIB. Even earlier IPO of Varun Beverages too received poor response than expected even when demonetization was not there. This shows shaky mind set of big ticket investors in current weaker trends of secondary as well as primary markets. As the main raw material prices have shoot up drastically in recent times, company may find it difficult to maintain the earnings shown in the recent past. Considering this and the fully pricing of the IPO, risks aver investors with surplus funds may consider investment for medium to long term. Read detail review...

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