Acuity says ‘subscribe’ to Vallibel One’s Rs. 533 m IPO

Acuity Stockbrokers is recommending Vallibel One’s Rs. 533 million IPO as “subscribe” given attractive pricing, valuations and earnings upside as well as the overall prospects for the first holding company of select investments of business leader Dhammika Perera. Here are excerpts from the Acuity’s research on Vallibel One IPO, which is up for subscription now whilst it official opens on Tuesday 21 June: