At higher price band, EEL is demanding a EV/S multiple of 1x (to its TTM sales), which is at discount to the peer average of 2.1x. Considering the government policy tailwind for the electronics manufacturing sector, EEL’s positioning in its product vertical and vast growth opportunities. IPO is attractively priced.
Bhailog mujhe thodi information mili he ki January ke 2-3week me jk files and engineering ka 550cr ka ipo aa raha he isliye jk paper ke stock me tagdi demand aa rahi he.Mujhe yaha ke senior members se iske bare me thoda research chahiye tha please 🙏
89.1. UjwalG| Link| Bookmark|
December 21, 2022 8:47:12 AM
IPO Guru (1000+ Posts, 500+ Likes)
As far as i remember, raymond is parent company of jk files and engineering. So shareholders quota would be there
81. Ipoaspire| Link| Bookmark|
December 20, 2022 4:47:45 PM
Top Contributor (300+ Posts, 100+ Likes)
Seems applying is risky.better to avoid ,can see after listing.see the fate of uniparts, dharmaj and many mainboard ipo.Dont apply based on GMP as no GMP for this.if u have strong conviction on the sector and financials then apply irrespective of listing result(even may be it in discount ), otherwise ignore and check after listing.
I will not apply for this IPO because: 1) even after the IPO also DEBT is remaining on their books, 2) Promoter holding is very less. ( I stay with SyrmaSGS on the electronics front. Its share is trading cheap) .