April 26, 2019 - May 2, 2019

White Organic IPO Review & Recommendations

Dilip Davda has given "May Apply" recommendation to White Organic IPO.

White Organic IPO Review Summary from brokers and analysts

Review By	Apply	May Apply	Neutral	Avoid	Not Rated
Count	0	1	0	0	0
%	0.00	100.00	0.00	0.00	0.00

White Organic IPO Analysis By Brokers/Analysts

Reviewer	Recommendation	Past Reviews
Dilip Davda	May Apply

White Organic IPO Review by Dilip Davda (May apply)

[Dilip Davda]

Based on the financial parameters and recent performance, the issue appears attractively priced. Super performance for FY18 and 9MFY19 raises eyebrows. Group's tendency to change business model raises concern. Considering future plans, investors may consider investment for the long term.

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