Ambition Mica IPO Review & Recommendations

Ambition Mica IPO Review by Dilip Davda May apply

[Dilip Davda]  <p>If we annualized these earnings and attribute on expanded equity post issue then the issue is at a P/E of 9 plus and P/BV of 2 plus. Thus pricing appears to be reasonable.</p> <p>On merchant banker&rsquo;s front, this is eighth SME offer from it and its earlier mandates have given positive rewards to investors.</p> <p style="margin: 0in 0in 0pt; text-align: justify;"><strong><span style="color: red; font-family: 'Times New Roman','serif'; font-size: 12pt;">DISCLAIMER: No financial information whatsoever published anywhere here should be construed as an offer to buy or sell securities, or as advice to do so in any way whatsoever. All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on information published here. As SME issues have entry barriers and low preference from broking community, any reader taking decisions based on any information published here does so entirely at own risk. Author has no plans to invest in this offer.</span></strong></p> Read detail review...