We at Jainam Wealth recommend our investors to “AVOID” the GTPL Hathway Ltd IPO considering high capital intensive nature of business, highly competitive industry, dependency on broadcasters for the right to telecast channels, inconsistency in generation of net profit in last 5 years, TRAI introduced new tariff policy and is also going to auction 700 MHz wireless band which can be affected to the business adversely. Company available at P/E of 29x on FY17 EPS on upper price band.
Price Band Rs.167 - 170. Issue open on 21st June and close to 23rd June. Market Lot 88 Shares.
Jainam Research was incorporated in 2003 with the vision to be the most preferred organization providing all financial services across the country. The foundation is on "Value" Systems - "Value" addition to Corporate, Retails and HNI Individuals through superior Wealth Creation Practices.
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