BlackBuck IPO opens today: GMP turns flat; should you subscribe or wait?

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Quick Summary:

On the valuation front, the brokerage believes that the company is fairly priced."Therefore, we recommend a 'Subscribe - Long term' rating to the IPO," said the analysts.

Based on annualised earnings for FY25, they believe the issue is aggressively priced."Investors who are well-informed, have surplus cash, and are willing to take risks might consider allocating moderate funds for the long term," said the analysts.

Analysts at brokerage firm Anand Rathi recommend investors subscribe to the BlackBuck IPO for the long term.