Quote on IPO listings by Suman Bannerjee, CIO, Hedonova
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Below the Quote on IPO listings by Suman Bannerjee, CIO, Hedonova
Motisons Jewellers, although launching at a 98% premium, seems to warrant caution in our view, given its challenges such as underperformance and dependence on third-party suppliers. Suraj Estate Developers, despite listing at a 6% discount, presents a viable hold opportunity for medium to long-term investors, backed by steady growth and its niche in regulation 33(7) of DCPR. Muthoot Microfin Ltd, also listing at a discount of 5.4%, appears to be a solid choice for longer-term investments, with its focused approach on rural microfinance, efficient management of NPAs, and fair valuation based on FY24 earnings expectations.
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