July 18, 2018 09:18 AM IST
Given the decent financials, mature valuations and growth prospects, majority of brokerage houses are of the view that investors can subscribe the issue with a long term perspective, but not for listing gains.
June 26, 2018 07:55 AM IST
SMC says only high-risk investors should opt for the issue as it looks expensive and given the company's high dependence on its global business. Choice Broking also advises subscribing with caution due to its expensive valuation.
September 22, 2017 06:19 PM IST
Multiple brokerages recommend subscribing to the issue with a long term perspective as valuations could be higher from some perspective. But the business has a strong potential to grow ahead, they said.
September 11, 2017 08:54 AM IST
IIFL Private Wealth feels unlike developed countries, there's a huge demand for matchmaking within communities/castes in India.
September 06, 2017 10:05 AM IST
The very first reason for avoiding the issue is its weak financials and the second prominent reason is its valuations, which are high compared to listed peers, analysts said.
August 01, 2017 08:51 AM IST
Most domestic brokerage firms have recommended investors to subscribe to the issue on account of attractive valuations, healthy order book, and low debt on books as well as quality management.
June 28, 2017 10:37 AM IST
Brokerage houses largely recommend subscribing to the issue, citing penetration in areas that large financial institutions are absent from, but also flag risks of change in business environment, among others.
June 21, 2017 01:45 PM IST
Given GTPL's weak fundamental performance, competitive intensity and high valuation, the research house recommended investors to avoid the IPO, Centrum said.
June 19, 2017 09:32 AM IST
CDSL is likely that the listing may also be at a premium to the offer price. However, it is difficult to say if the stock will be a consistent outperformer subsequently, Centrum said.
March 04, 2017 01:52 PM IST
Brokerage houses cite better leadership position, volumes to subscribe to the issue. However, challenges include tech challenges, dependence on few advertising agencies, among others.
December 06, 2016 10:07 AM IST
The leading player in developing generic Active Pharmaceutical Ingredients (APIs) aims to utilise the net proceeds from the fresh issue towards pre-payment of term loans and general corporate purposes.
October 05, 2016 09:04 AM IST
The Aurangabad-based company aims to mop up nearly Rs 1,162 crore (at higher end of price band) by diluting 17.5 percent stake through the issue that will close on October 7. It already raised Rs 348.52 crore through anchor investors' portion on Tuesday, the day before issue opening.
September 22, 2016 01:42 PM IST
Analysts are positive on HPL IPO, advising investors to subscribe, citing strong growth opportunity, likely reduction in debt and improvement in brand visibility & utilisation.
September 14, 2016 03:20 PM IST
The IPO is fairly priced to its nearest peer (Talbros Automotive Components), KR Choksey says.
September 13, 2016 02:19 PM IST
The Rs 894-cr public issue of L&T Technology Services, the wholly owned subsidiary of engineering & construction giant L&T, has opened for subscription. The price band is fixed at Rs 850-860 per share.
September 10, 2016 09:57 AM IST
L&T Technology Services through its IPO will be offering to sell 10.4 million shares. The offer is bifurcated into QIB portion of 5.2 million shares, non institutional portion of 1.56 million shares and retail portion of 3.64 million shares. The proceeds from the IPO would not accrue to the company, but would go to the promoter shareholders.
August 19, 2016 08:45 AM IST
With a bullish stance, Prabhudas Lilladher says that the bank has stayed away from stressed sector lending like steel/power/infra which has helped it to maintain its asset quality at better levels compared to peers despite 60 percent loans in corporate & MSME.
August 01, 2016 09:07 AM IST
Net proceeds from the fresh issue will be used for prepayment or scheduled repayment of a portion of term loans (around Rs 202.38 crore), working capital requirements (around Rs 200 crore) and general corporate purposes. The company will not receive any proceeds from the offer for sale.
July 20, 2016 09:00 AM IST
Most analysts seem to be impressed with the IPO and recommend subscribing it. The proceeds of the fresh issue will be used towards repayment/pre-payment of certain loans availed by Advanced Enzymes USA and general corporate purposes.
July 11, 2016 08:12 AM IST
L&T Infotech‘s sales and profit have grown at a CAGR of 13.50 percent and 18.20 percent respectively through FY 14-16.
October 27, 2015 07:48 AM IST
Most analysts are bullish on the IPO and believe the price band is reasonable going by the company profile business model.
August 24, 2015 08:41 AM IST
Given the company's future growth potential through strong expansion plan with IPO proceeds, dedicated infrastructure, and strategically located CFSs in close proximity to Jawaharlal Nehru Port, majority of brokerages and analysts advise subscribing the issue.
March 18, 2015 05:17 PM IST
Brokerages as well as experts believe Inox Wind is a very good IPO. Considering its strong order book, government‘s initiative to boost renewable energy sector and healthy response to anchors‘ book, investors can subscribe to the issue, said brokerages in its notes.
March 10, 2015 12:51 PM IST
Adlabs Entertainment has opened its Rs 470 crore public issue for subscription today. The issue, which will close on March 12, consists of a fresh issue of 183.26 lakh shares and an offer for sale of 20 lakh shares by Thrill Park.
December 03, 2014 09:00 AM IST
Monte Carlo, the apparel retail chain, aims to garner Rs 342-350 crore through the issue by diluting 25 percent shareholding.
