I think BSE has used my formula to arrive at the issue price. If this is the case then BSE should at least call me on their listing ceremony to ring the bell. Hahahaha :p
Consolidated Figures 31-03-2016
Book Value 448.68 EPS 22.45 Dividend 15 Return on Net Worth 5%
Two times book = 897.36 18 Times Earnings = 404.1 1.5% Dividend Yield = 1000
Average of above three prices 767.15
RONW Premium 38.35 (5% of average price)
Fair Price Rs 805.5
Issue Price 805-806
Expecting 30% listing gains. Lets see...
269.1. Eagleye| Link| Bookmark|
January 19, 2017 6:28:03 PM
IPO Guru (6600+ Posts, 21900+ Likes)
Wah ... Ustaad ... Wah !!!
Keep it up !!!
268. Eagleye| Link| Bookmark|
January 19, 2017 5:11:19 PM
IPO Guru (6600+ Posts, 21900+ Likes)
BSE IPO
GMP 129 - 131 Kostak 750/-
267. Eagleye| Link| Bookmark|
January 19, 2017 4:21:00 PM
IPO Guru (6600+ Posts, 21900+ Likes)
It is not highly underpriced. It looks like demand is not much from big investors. I am not talking about retail investors. Otherwise it should be fairly priced. Because of low demand price is set to Rs. 806.
266.3. Eagleye| Link| Bookmark|
January 19, 2017 7:39:12 PM
IPO Guru (6600+ Posts, 21900+ Likes)
Governor Saheb,
We shall see on 25th January ... As per market pundits ... QIB demand will be 50+X ...
257.1. Septa| Link| Bookmark|
January 19, 2017 11:12:59 AM
(4000+ Posts, 4600+ Likes)
if you look at the worst performance sector over 3 months 6 months one year index base pharma company have been laggard . however if you look at the future is huge given the number of licence drugs wait period expire in USA and Euro in next 5 years also indian demography supports big future for pharma. So long term i see big up wards from present valuation
257.2. Septa| Link| Bookmark|
January 19, 2017 11:21:11 AM
(4000+ Posts, 4600+ Likes)
say lupin it present PE is 24 in 3 years if grows at 40% it PE will drop below 15 so if all think equal it could be compound return in excess of 15% which i will take any day.
compounding in log run goes big way even a 17% compound rate in 25 years will be 50 bagger return