Zaggle Prepaid, a fintech Saas company, made its debut on the NSE and BSE at the IPO issue price of Rs 164 and Rs 162, respectively. The IPO received a good response from investors, being booked 12.57 times. However, analysts expressed caution due to the company’s aggressive valuations. The IPO consisted of a fresh issue of equity shares worth Rs 392 crore and an offer for sale of shares by promoters and investors.
Gautam Duggad sees PE re-rating potential in 2 sectors; likes largecaps & may raise weight in Reliance
Gautam Duggal, Head of Research at Motilal Oswal, sees limited PE re-rating potential, primarily in large-cap financials and capital market stocks. He favors earnings visibility
December 23, 2024