should i invest in religare ipo?
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go for it. much higher than 185…
Absolutely you should. Not only for listing gains but also for medium to long term gains. This issue is priced much lower than some of its comparable competitors like Motilal Oswal. Not only do the valuations look good, the company fundamentals and the management looks impressive from the Ranbaxy group. Although ICRA assigned a grade 3 rating to the IPO, indicating average fundamentals. Since the issue will be highly oversubscribed, make sure to apply for multiple allotments. Target price Rs 300 in the next 6 to 12 months time frame. Good luck
Give me 4points why should I invest in religare IPO after seeing balance sheet?