Shriram EPC - IPO update

Issue Period: Jan 29 to Feb 01
Price Range: Rs.290 to Rs.330
Minimum Mkt Lot: 20 shares
Recommendation: Avoid
Grade: Average
Chances of winning Allotment: Full(in Retail category)
Sector: Renewable Energy

Recommendation:

Shriram EPC Limited operates in a competitive environment. The industry in which the company competes has been frequently subject to intense price competition. Some of the competitors are larger than this company & have greater financial resources & they may also benefit from greater economies of scale & operating efficiencies. Some of the company's principal competitors are Praj Industries, Alfa Laval, L&T, McNally Bharat, Paharpur Cooling Towers , Alstom Projects, Gammon India , etc. from their respective areas of business operations. Hence we recommend investors to Avoid subscribing to this IPO.

Shriram EPC Limited IPO may give listing gains of 10-25%. It would be safe to Avoid this IPO & stay in Cash better IPOs in next 10-15 days.