Given the positive secondary market environment and ample liquidity along with strong subscription demand, INOX India is expected to see a solid listing premium over and above 75% gain against the issue price of Rs 660/- per share. Despite valuations being fully priced into all near term growth, a solid listing is justified on the back of the company's strategic position in the niche market with global footprint and commitment to innovations which is commanding higher valuation multiple.Hence we recommend allotted short term investors to book profits over and above 75% gain on listing day while long term investors can HOLD considering healthy long term growth in leading supplier and exporter of cryogenic equipment and solutions. For those investors who failed to get allotments in the public offer can accumulate on every dips post listing for decent long term returns.


 

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