One of the worst IPO of this year!! Less than 10% ROE and more than 50x PE valuation multiple vs listed ICICI General Insurance and Star Health company - which are doing 15% ROE and trading at less PE multiple. Perfect recipe for disaster this IPO is. Not recommended
6.1.Pappu PagerMay 21 2024 10:04:31 AM
Investor Sir, You have said that worse IPO of this year but in Chittorgarh website, gmp is showing around 9% listing gain. I think investors should take listing gain by this ipo. What do you suggest... ?
6.2.Vinay JainMay 22 2024 09:10:21 AM
GMP is not the base to define the company/IPO. One should look for the company financials, business, peeres, PE,EPS and long term view.