Updater Services IPO

The financial performance of the company has been mixed, with growing revenue but declining profit. The company faces certain regulatory and operational risks due to the nature of its business. It is also exposed to service-related claims and losses. The issue is priced at a P/E of 44.3 times, which is significantly higher than its listed peers, said Swastika Investmart with an 'avoid' rating.Read more:

1. Updater Services IPO subscribed 3% on Day 1 so far. Details here - Business Today