Quote on Pre Listing Metro Brands IPO By Mr. Aayush Agrawal, Swastika Investmart Ltd
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Below is quote on Pre Listing Metro Brands IPO By Mr. Aayush Agrawal, Sr. Analyst, Swastika Investmart Ltd
Metro Brands Limited has shown growth, profitability, and financial discipline in the past, but the sector is widely underrated. The company has an asset-light business model and derives most of its revenues from third parties. We are seeing a change in IPO sentiment amid a slight decline in the market, and the last two debutants witnessed profit bookings post-listing, as well we are seeing a decline in the GMP for upcoming IPOs. We may see a discount listing of Metro Brands given that its GMP trades at a discount of 10-15% currently.
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