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[Dilip Davda] The company is in the trading business and fully dependent on third-party supply. Earnings for H1-FY23 raise eyebrows and concern over sustainability going forward. Though on the basis of FY23 earnings, the issue appears lucratively priced, on the basis of FY22 earnings, it is aggressively priced. Higher spending for the IPO process indicates funding arrangements. Thus, it can be termed a high-risk/low-return bet. Well-informed/cash surplus risk seekers may consider investing for the medium term. Read detail review...
Agarwal Float Glass India IPO Reviews, analysis and views by popular members. Read Agarwal Float Glass India Ltd. IPO reviews by retail investors to find recommended ipo to buy.
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