I have been away from chittogarh given my personnel reason.
In regards to this IPO if this IPO had come before the melted down of NBFC it would have been a Star IPO, thats market for you.
growth rate both loan book and net profit is at 60% NIMs at 7% but for RoE is most important factor for me in NBFC which is around 11% compare to peers and way higher
Initial Cash Flow: 929300000
Years: 1-5 6-10
Growth Rate: 25% 22%
Terminal Growth Rate: 5% Discount Rate: 10%
Shares Outstanding: 7,56,22,998 Margin of Safety: 25%
Debt Level:
Year Flows Growth Value
1 1,16,16,25,000 25% Rs 1,05,60,22,727.27
2 1,44,04,15,000 24% Rs 1,19,04,25,619.83
3 1,77,17,10,450 23% Rs 1,33,11,12,284.00
4 2,21,46,38,063 25% Rs 1,51,26,27,595.45
5 2,72,40,04,817 23% Rs 1,69,13,92,674.91
6 3,32,32,85,877 22% Rs 1,87,59,08,239.45
7 4,05,44,08,769 22% Rs 2,08,05,52,774.66
8 4,94,63,78,699 22% Rs 2,30,75,22,168.26
9 6,08,40,45,799 23% Rs 2,58,02,29,333.60
10 7,42,25,35,875 22% Rs 2,86,17,08,897.27
Terminal Year Rs 7,79,36,62,669.05
PV of Year 1-10 Cash Flows: Rs 18,48,75,02,314.71
Terminal Value: Rs 60,09,58,86,842.62
Total PV of Cash Flows: Rs 78,58,33,89,157.33
Number of Shares: 7,56,22,998
Intrinsic Value (IV): Rs 1,039.15
Margin of Safety IV: Rs 779.36
I like the IPO if market condition is ok it will list close to it IPO price or 5% below the IPO price if market gets worse it will surely effect its listing price
people with risk appetite and do not mind 5% down can surely apply
Zerodha (Trading Account)
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