Recommendations :
The company has posted an EPS of Rs (7) for FY 16, Rs 8 for FY 17, Rs 1.35 for FY 18 and for the first six months of FY 19 Rs (2.43). Inconsistent financial performance. The IPO is very aggressively priced. Avoid the IPO.
Post listing, the stock could come down below Rs 200 level within weeks.
As on yesterday the IPO has received 28 percent subscription.