*** Prudent IPO : ****
✅ Our Call :: AVOID
✅ Company is national Mutual Fund distributor and it provide platform to sub distributors.
✅ With BSE Star MF , MF Central and many other platform , many distributor prefer to be Independent instead of becoming sub distributor.
✅ Valuation is quite on higher side , On FY21 earning , Stock is priced at 57 PE. One can get AMC Business like ABSL AMC , HDFC AMC currently at lower valuation than Prudent IPO.
✅ Pure OFS .
✅ Business is good but Valuation is not. Investor can avoid IPO , after 6 month one can get same at 25-30% lower levels.
