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Cyient DLM
Parent is discounted less than 30 times its earnings but 93%-subsidiary, whose profit margin is significantly lower, is priced at 60+ multiple!
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ideaForge Technology
Unstable past performance, unassuming promoter stake and absurd issue pricing make the IPO a risky proposition.
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Nexus Select Trust REIT
Asset quality exudes optimism for long term though immediate distribution yield is projected to be lower than listed peers.
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Avalon Technologies
Tight IPO pricing, existing shareholders’ abysmal cost of holding and promoters’ indifferent corporate governance practice weigh against capital appreciation prospects
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Uniparts India
Fundamentals justify IPO valuation though existing shareholders’ negative cost of holding may curb share prospects post lock-in
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Archean Chemical
Failure in complying with SEBI, Stock Exchange and Companies Act guidelines exposes the quality of management!
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Bikaji Foods
Ultra-high P/E multiple for a depleting profit margin? Boom-time IPO pricing is bound to give bitter taste during market downturn!
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Global Health
Peer valuations justify the price but ……
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Fusion Micro Finance
Barring COVID-like situation, IPO price should yield decent return though foreign private equities’ dominance and Indian promoter’s minuscule stake advise caution!
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Electronics Mart
Bloated equity base for a non-dividend-paying trading company could be detrimental to capital appreciation prospects in the post lock-in scenario