Shravan Shetty, Managing Director, Primus Partners, highlighted that the company is reasonably valued at 19 times earnings, with the upper price band attracting approximately ₹120 crore from anchor investors, reflecting confidence in the underlying business and its growth prospects. He further emphasized that the company’s strong historical performance and associations with prominent industry players are likely to support future valuation growth, contributing to the favourable outlook from brokerages regarding the IPO.