Their is flood of IPOs as well as applicants in these IPOS. Multiple applications are being applied in the IPOs. Since 2-3 years Share Market is new asset class among the Millennium as well and all the Banks are bleeding for deposits. In long run market sentiments are positive and hope demad of shares are very high and move further.
243.1. Nothing New| Link| Bookmark|
September 5, 2024 8:51:55 AM
IPO Mentor (900+ Posts, 200+ Likes)
It's a money doubling scheme. They're going to repay 118 Cr debt which will bring the pe down to 57 Also adding 30 new stores / annum Those who would sell hastily, would repend.
243.3. Nothing New| Link| Bookmark|
September 5, 2024 10:57:13 AM
IPO Mentor (900+ Posts, 200+ Likes)
Hi @Piyu Please check Capital Markets' review for valuation. Also have a look at Axis Securities review for return and revenue profile as compared to peers.
The way they have been adding new stores, I would consider it a sin to sell early.