320-x-100_uti_gold.jpg" alt="Advertisement">
Pre-listing comment on Shriram Properties IPO By Mr. Aayush Agrawal, Swastika Investmart Ltd
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
Below is the Pre-listing comment on Shriram Properties IPO By Mr. Aayush Agrawal, Sr. Analyst, Swastika Investmart Ltd
Although the company has a strong brand name in South India, during COVID when real estate was booming, they suffered losses. Sriram Properties has an MCAP/Sales ratio of 4.6x while its peers Sobha, Puravankara, and Prestige offer 3.8x, 3.3x, and 2.4x respectively. The grey market premium currently trades between 8-10%, but given the current market conditions, we might see a comparatively weak listing.
Above views are of the author and not of the website kindly read disclaimer
Tag News
We anticipate immense potential benefits from the upcoming Sovereign Gold Bond Tranche in FY...
