Hi, Very nice analysis. Could you please mention market cap at both lower and upper end of the price. I see most of the analysis and rarely see market cap mentioned. It would be of great help if you mention the same as it helps in decision making.
There are many material defects in the documents made public by Quick Heal and may alter the views completely. The Merchant Bankers and Underwriters had been made aware about the facts but they have not yet made it public.
I would advice you to go through those documents before making a final opinion and putting up the final advice.