bharat finance - 10,000 cr.+ Assets , CAR 30% , PB 5.5 merging with indusind bank.merger of mid cap co. with large cap.
Au , ujjivan , equitas - small finance bank.Not exactly comparable.
mahindra & shriram transport - 50,000 cr. & 1,00,000 cr. Assets respectively. business model different.
Satin - very close peer. 5000 cr. Assets Vs CAG 5000 cr. Assets
PB--- 2.4 -Vs- 2.94 of CAG CAR---25 % -Vs- 30 % CAG ( 2nd after BF ) NPA--- 10% -Vs- 2 % CAG ( Lowest among peers ) NIM--- 8% -Vs- 12 % CAG ( Highest among peers )
PE would not be comparable as there is big gap and misleading.
Investor can apply as listing like indostar ( another NBFC ) can be expected. 5 - 7 % listing gain on the table looking at current gmp.Better than Tcns and Lodha.
Microfinance companies are quoting at good premium in the market.This issue should be no exception.It has shown consistent growth and poised to maintain it post issue. Professional management and reasonable valuation vs peers leaves scope for a listing gain.Good for long term.
25. Eagleye| Link| Bookmark|
August 1, 2018 7:49:00 PM
IPO Guru (6600+ Posts, 22000+ Likes)
GRAMEEN IPO - Financial Information (Basis of Valuation)
EPS for FY14-15 >>> Rs.09.01 (Page #88 of DRHP) EPS for FY15-16 >>> Rs.11.23 (Page #89 of RHP) EPS for FY16-17 >>> Rs.09.88 (Page #89 of RHP) EPS for FY17-18 >>> Rs.12.11 (Page #89 of RHP)
RoNW for FY14-15 >>> 12.98% (Page #89 of DRHP) RoNW for FY15-16 >>> 18.13% (Page #90 of RHP) RoNW for FY16-17 >>> 11.63% (Page #90 of RHP) RoNW for 6M17-18 >>> 08.73% (Page #90 of RHP)
NAV as on March 31, 2018 was Rs.111.12 (Page #90 of RHP)
Peer Group (Page #91 of RHP):
Bharat Financial Inclusion Satin Creditcare Network Au Small Finance Bank Ujjivan Financial Services Equitas Holdings Shriram Transport Finance Co. Mahindra & Mahindra Financial Services
Any Mentor can guide me over how to evaluate an IPO price in terms of Expensive or Not ?? What are the methods and calculations can be applied to evaluate the IPO price band ? For example here price band is 418 - 422. So after applying at 422 also, how to determine there will be room for further profit ? Thanks in Advance.