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[Dilip Davda] <p>This is the biggest SME IPO in the history so far. Company has posted surprising performance for last twenty one months. Promoters are selling over 27% stake that has average cost of acquisition of Rs. 10 and Rs. 10.27 per share. It appears issue is aggressively priced considering NAV due to non-capitalized reserves. Another surprise is while other companies are coming with IPO either with September 17 or December 2017 performance, this company has given performance till 20.01.18 of the current fiscal. Merchant banker has no track record. Considering all these, investors may consider investment at their own risk.</p> Read detail review...
East India Securities IPO Reviews, analysis and views by popular members. Read East India Securities Ltd. IPO reviews by retail investors to find recommended ipo to buy.
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