Prabhudas Lilladher has come out with its research report on Mahindra Holidays and Resorts India's initial public offering (IPO). Mahindra Holidays opened for subscription with an IPO of 92,65,275 equity shares of Rs 10 each, at a price band of Rs 275-325 a share. The issue will close today. The research firm has recommended investors to subscribe the issue.

Prabhudas Lilladher's report on Mahindra Holidays’ IPO:

Its high entry barriers, low capital intensity, annuity characteristics and high growth make MRHL an excellent long-term investment. At about 7.1x post-issue book value (at the higher end of the band), the stock is not cheap. Nevertheless, it will prove to be a good long-term investment. Subscribe.

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To read the full report click on the attachment......