Sushil Finance has the following view on the IPO,
A2Z has In-house engineering capabilities & diversified business operations. However most of its business initiatives are still in the early phase. Considering the price band, the premium valuation seems to be very high and A2Z will have to perform significantly well to justify the same. We have given it a “B” rating and recommend our investors to avoid the issue.
Ventura Sec has the following recommendation,
At the lower price band of Rs. 400, the shares are offered at a pre issue P/E of 23.7x and post issue P/E of 30.8x which is at a significant premium to its peers. We recommend an AVOID.
