Key Points
The company has fixed a price band of Rs 250-265 for the IPO, which is entirely a fresh equity issue of shares of up to Rs 592 crore...
Analysts are almost unanimous in giving a subscribe recommendation to investors over attractive valuations and strong growth potential...
"Based on the EMS industry demand and growth in the recent performance, the issue draws a lot of attention due to promoters parentage backup, hence considering industrial and company's growth rationale, we recommend investors to subscribe to the IPO for the long term," said Prashant Tapse of Mehta Equities...
As per FY23, the company is attractively valued and we recommend subscribing for listing gains and long term, the brokerage said.. Several other analysts including Choice, Stoxbox, Swastika and Reliance Securities have also assigned a subscribe rating to the IPO...
"Considering strong business prospects, healthy financials, diversified product mix, tailwinds on the back of solutions-oriented approach, client-focused service and track record of reliability, we recommend subscribing to the issue," Reliance Securities said...
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