EPACK Durable Limited IPO Message Board (Page 15)

Seasonality - they sell ACs. The biggest quarter in terms of bookings for the biz is Jan-Mar

Ye sab to IPO guru hai,tax guru hi bata sakta hai ye baat,Jo bhi bataye please explain properly

Enter all the details on IT website, it will calculate the tax on own.

Bro your income will attract tax liability even though you income is 7L because upto 3L there is no tax. above that any income is taxable, in your case it will taxable at 15%STCG your tax liability will be 4,00,000*15%=60,000 which is more than rebate us 87A hence you have to pay 60,000 income tax
Still you can asked your tax consultant ☺️

​@Sambhav Jain Short term capital gains are taxed at 15%, irrespective of your tax slab. (STCG is special tax, so no 7L slab or Old/New Tax Regime works for this.)

However, the basic exemption limit of Rs 3.0 Lakh will be deducted from your total income for tax purpose.
In your your total tax is Rs. 60,000

If your total income is Rs. 7 Lakhs-There will not be any tax. If your income exceed Rs. 7 Lakhs say 701000/- than you need to pay tax on income exceeding 3 Lakhs

​@Sambhav Jain  As suggested by another member, please search for it dept utility for which just google
tax calculator for capital gains in india
and fill in all the details. With figures provided by you, there will be total tax liability of Rs. 36,400. Check it for yourself and confirm.

You may also check another easy to use tax calculator which tells tax liabilities as per both old and new regime
https://www.etmoney.com/tools-and-calculators/income-tax-calculator
As per this, for your figures, tax liability as per old regime is 62,400/- and as per new regime is Rs. 36,400/-
Hope it helps.

​@Sambhav Jain Many members have replied your question. You might have understood the answers. Your question is not clear. If and buts. Still I am going to reply some thing according to my knowledge. There are some members who will find out some negative from my reply also. If you are in service you will get extra benefit of 50,000 as Standard Deduction. In this case 7.5 lakhs income is free from tax in new regime. You may go through some articles on Income Tax rules. Some other rules are also there to save tax upto 8 lakhs. Forget to save that article.
It is always better to consult tax consultant to avoid any problem from IT department. I am not tax consultant and having limited knowledge about I T Rules.

My take would be:
1) Rs. 3 Lakh income from sources other than those in LTCG or STCG bracket..... tax=0
2) Rs. 4 Lakh profit from STCG through sale of Equity shares which would be taxable under section 111A of the Income Tax Act is eligible for rebate under section 87A (max of Rs 25000).
So tax on 4 Lakh STCG would attract Rs. 60000 (@15%) as tax. Your 87A rebate can only be 25000 hence you would still need to pay Rs.35000 tax+cess.

Mind you, this rebate under section 87A is not allowed for LTCG from sale of listed equity shares or Equity Mutual funds...... But is allowed for STCG arising out of sale of listed equity shares etc... And your total income net of all deductions shouldnt exceed 7 lakh

Do consult a professional for a more accurate advice.

​@Sambhav Jain  I am CA article(completed 1 year of training) and as per my knowledge 60,000 will be your tax liability . 7 LAKHS limit is not applicable to LTCG/STCG because this income's tax calculated on different tax rate . General tax rate (regime) will not applicable to this income. I can't describe everything in words here because it will be hectic for you and me also.

Simply if you have no income other than ✨STCG then max 4,66,000 income has no tax liability (in new regime only)
✨LTCG 5,50,000 + first 1,00,00 is not taxable (new regime only) but if increase in only 1 single rupee will change the scenario

Thank you 🙏may be I am wrong because I am learning, my seniors please guide me if I am wrong . Kyoki hamare pitaji ne sikhayahai ki gyaan baat nai Sai badhta hai 😅

Thanks everyone for your reply.
@Prince 🤴 If I choose old tax regime then I can use 1.5 lac deduction and net income will come 1.5 lac. In 4 lac short-term capital gain 1 lac will adjust because till 2.5 lac short term gain will adjust. I need to pay tax on 3 lac gain ie. 45K. So old regime will be good?

What if someone is not doing anything except share buying and selling? Can we show this STCG profit as profit from business? I think than there will be no tax liability till 7 lakhs as per new regime..I may be wrong also... correct me if I am thinking in wrong direction..

​@Prince 🤴  You are factually incorrect here. It wasnt allowed in old regime but Section 87A of the Income-tax Act,1961 (‘the Act’) has been amended by the Finance Act, 2023, to allow benefit of tax rebate under section 87A to individuals or HUF that are small taxpayers, up to a total income limit of Rs ₹7 lakh and this income includes STCG income from sale of listed equity shares..
He will be needed to pay Rs.35000+4% cess=35000+1400=Rs 36400/- as tax under new regime.

​@Anshujii You can choose to do so, but then you can only choose that option once and no change subsequently is allowed until special circumstances arise. You can choose to show expenses incurred to earn this income, if any. Your assessing officer will accept this declaration without much debate

Further, that brings with it specific ITR form to opt for that source of income, maintaining trading account and other associated things.

i asked similar question multiple times
what if he had no other income at all

only 7lacs profit from selling equity shares within 1 year

then what is the scenario ??

please explain experts ,thanks in advance 🙏
@Justalearner 
@Sambhav Jain 
@Aman Sandhu

​@Hope is life Read my reply here : https://www.chittorgarh.com/ipo/ipo_discussions.asp?a=1619&c=718706&ap=0

You will get a jist of what's in store and how things will go ahead if that option is chosen. For eg. Variety of things should be made available as proof to submit to concerned Assessing officers.

​@Sambhav Jain @Hope is life  Income can be anything (salary, profit from shares or other income) if total is below 7 lacs and you opt for new regime then tax will be 0.

Refer below official link where you can update the amount and check it

https://incometaxindia.gov.in/Pages/tools/income-tax-calculator-234ABC.aspx

🙏

​@Sambhav Jain  I am non Finance but Science PG but always file my return on my own . For AY 23-24 in ITR 3 I had shown losses in FnO and got it deducted from STCG ( taxed @15% , there is no other deduction allowed for STCG) for LTCG I got deduction of Rs 1 lac and paid tax @10 % on remaining amount . Put together with salary / pension and rent it crosses 5 lac after savings under 80cc +SD+ and edu loan etc + 40% deduction on rent received and 50 K deduction on interest for Senior citizen .....finally my STCG plus LTCG was combined to total taxes and paid accordingly .

Conclusion if let's say you end up at or below 5 lac after all savings and deduction under old regime ( inclusive of STCG and LTCG) then no tax is paid .
Hope it is clear . You can use Excel on incometax site and compare between old and new regime before applying .

Correction pls read 30% deduction on rent rcpt and not 40%

AS PER MY VIEW TAX PAYABLE BY YOU WILL BE RS 35000 AS PER DEATIL BELOW
TAX UPTO 3 LAKH NIL
TAX 3 TO 6 LAKH @5 % RS 15000
TAX ON 6 TO 7 LAKH @ 10% RS 10000
TAX ON STCG RS 60000
LESS REBATE. 25000

​@Sambhav Jain Reply to your first message. New tax regime calculation. 3 lakh is basic exemption. Tax on 4 lac STCG 60000. But u will get 25000 rebate. So tax liability 35000 plus cess. If u opt for new tax regime there are restrictions regarding opting back to old tax regime in future. I am neither CA nor tax expert. Please consult some tax expert

​@Sambhav Jain If you show 4 lakh as business income instead of STCG then total 7 lakh is exempt from tax. In fact even 7.50 or 7.70 lakh would be exempt from income tax if you show 50000 or 70000 as expenses. For example depreciation of laptop, depreciation of mobile phone, a part of mobile bill , Brokerage, stt etc etc. Income tax department discourage change from STCG to business income and vice versa. Please consult some tax expert

​@investormahesh  Where from 25k as exemption is coming for STCG . Exemption is only on LTCG upto Rs 1 lac .

Also if you add 4 L as business income then you need to file ITR 3 only - any profit ( after expenses and depreciation) is added to total income and then tax @ slab rate is applicable and it may go to 20 -30% instead of 15% . You can show reasonable expenses only.
Busines income works best in case if one has incurred losses ( business / FnO etc) that can be offset against STCG and /or LTCG .
As per old regime if income is below 5 lacs after considering STCG tax liability is NIL.

​@Sambhav Jain In old tax regime your tax liability will be 45000 plus cess. This is reply to your second message

​@Rakcyt 25000 is rebate and not exemption. In new tax regime u get rebate 25000 under section 87a if total income doesn't exceed 7 lakh. If total income even after standard deduction etc, wherever applicable, exceeds 7 lakh then u will not get rebate under 87a. I am neither CA nor tax expert

As common sense one will go for old regime if he has done savings and planned it accordingly. Else go for new regime only .
Income tax planning is done in the beginning of the year and not at the end .

​@investormahesh There you are . Yes if it exceeds the limit then rebate and this calculation will not work .

​@Rakcyt U are right ITR 3 or 4 will have to be filed to show business income. But the question was not regarding ITR form. I also advised him to consult tax expert. If you do f&o or intra day then also u have to file ITR 3. Even if your STCG is through frequent trading Department of Income tax expects u to declare it as business income and not STCG. Next year if income is say 20 lakh then tax liability as business income will be higher than that as STCG. I told him there are restrictions on moving from new tax regime to old tax regime. I also told him Department of Income tax discourage shifting from STCG to business income and vice versa. Income tax rules are vast and every aspect can not be covered in a single message on this forum

​@investormahesh Yes fully agree .

For me to shift from ITR2 to 3 itself was a cumbersome tough job as a non-finance guy . But I always do it myself as it teaches you so much to plan it better next year . If you add business income then PnL has to be made , for me that was a bouncer 😀

​@Rakcyt I didn't go through all the 20 messages . I read Sambhav ji 's first message and gave my first reply. In first message there is no mention of savings entitled for 80c . I reiterate that I told him to consult tax expert

​@Rakcyt Even for ITR 3 u don't need to prepare p&l if u show business income as presumptive income , if your turnover doesn't exceed 3 crore and and u are ready to show business income minimum 6 percent of turnover. During next 5 years if you have business loss or income is less than 6 percent or turnover is over 3 crore u will have to go through audit. Please consult some tax expert

To avoid getting into 30 percent tax slab in future years a person can open 2 demat cum trading accounts. Profit from one account may be shown as business income and LTCG. U can do frequent trading in this account. It is for those who want to take advantage of new tax regime. Stop trading after business income reaches 5 lakh or 10 lakh or whatever amount suitable to you as per tax planning. In second account show profit as LTCG and STCG. In second account don't do frequent trading. I am neither CA nor tax expert. Please consult some tax expert

​@Anshujii Yes u can show it as business income instead of STCG. Please also go through my other replies in this thread. Please consult some tax expert

​@Hope is life If you have profit of 7 lakh from shares short term, if you show it as business income and opt for new tax regime and don't have any other income your tax liability will be zero. I think u have forgotten dividend. I assume you don't have savings bank interest and FD interest and LTCG. Please also read my other replies on this thread. Please consult some tax expert

Thanks @investormahesh  @Rakcyt  for your inputs. The short term gain is from IPO's gain not from trading. Can I show as a business income?
I can claim 1.5 lac of 80c deduction. Now can you suggest me If I have 4 lac STCG and 2.5 lac other income. Which tax regime will be best and how much tax I need to pay?
Please note that standard deduction of 50 k will not apply to me as I am not a employee and HRA as well.

​@Sambhav Jain  Regarding your second question where-in if you opt for old regime and also make investments of Rs. 1.5L, you still end up with higher tax liability of Rs.49,400/- (including cess) compared to new regime ( without making any investments) where the total tax liability will be just Rs. 36,400/- (including cess). Have you checked the calculator
https://www.etmoney.com/tools-and-calculators/income-tax-calculator
to compare tax liabilities in case of old regime v/s new regime?

Hi @Chhote Lal I have checked the calculator and I feel it's not correct. As STCG it will 15% tax and below are my calculations.

I have 2.5 lac income and 1.5 lac of deduction. So net income will 1 lac. STCG will adjust till 2.5 lac. So 1.5 lac will adjust from short term capital gain to my income with 1 lac . Net short term capital gain is 2.5 lac and tax at 15% will be 37.5 K and which is more than rebate under section 87 ie 12.5 K. So I need to pay full tax.
The above calculation is for old regime .
If some explain how it will calculate in new regime and correct me If I am doing wrong for old regime.

​@Sambhav Jain If you have sold IPO shares on listing day or within one year u can show it as business income. If you show it as business income and opt for new tax regime your tax liability is zero. But what would be repercussions if in next years your profit exceeds 7 lakh and if the income tax limit is not increased for that please go through my other messages on this thread. If you show 4 lakh as STCG and opt for old tax regime tax liability 15 percent of 2.5 lakh ie 37500 minus rebate 12500 so tax liability 25000 plus cess. If you show 4 lakh as business income and opt for old tax regime tax liability zero. Please consult some tax expert

Even if you don't get HRA but are paying rent u can get some exemption under old tax regime. I don't think this exemption is available in new tax regime

​@Sambhav Jain Why complicate. Here is simple calculation for your ready reference.

Other Income is Rs. 3 L and STCG is Rs. 4 L plus you do Rs. 1.5L investment under 80C.
Under Old regime,
Taxable income will be Rs. 5 L after considering std deduction of Rs. 50,000 and deduction under 80C of Rs. 1.5L
Tax on other income will be NIL, However,
Tax on STCG will be 15% x Rs. 4 L i.e. Rs. 60,000/- which after 87A rebate of Rs. 12,500/- will become Rs.47,500/- or Rs.49,400 with 4% cess
Please note that you can not take set off on STCG as the income is more than Rs.2.5L

Under New regime,
Taxable income will be Rs. 6.5 L after considering std deduction of Rs. 50,000 and no other deduction applicable.
Tax on other income will be NIL, However,
Tax on STCG will be 15% x Rs. 4 L i.e. Rs. 60,000/- which after 87A rebate of Rs. 25,000/- will become Rs.35,000/- or Rs.36,400 with 4% cess.
Please note that, under 87A rebate of Rs.25,000 is available under new tax regime if total income is upto Rs. 7L
Hope, it clarifies now.

​@Chhote Lal  Sorry but you are understanding is not correct. You will get rebate only if your tax amount is less then the rebate amount. Suppose if your tax is 24000 then you no need to pay tax due to 25k rebate but if your tax is 26k then you need to pay whole 26k. It is not like you can subtract rebate and pay the remaining. Same applies for old tax regime as well.
If tax comes 60k then I need to pay 60k + cess not 35k+ cess amount.

​@Sambhav Jain Sorry, I tried explaining as per my limited knowhow and support of online resources of income tax department and like. Please explore more on Section 87A rebate. I will not be in position to discuss this further. My sincere apologies.

Here is google search result for your reference. Under the new income tax regime, the amount of the rebate under Section 87A for FY 2023-24 (AY 2024-25) has been modified. A resident individual with taxable income up to Rs 7,00,000 will receive a Rs 25,000 tax relief. The former tax regime remains the same, i.e. 12,500 for income up to Rs 5,00,000.

​@Sambhav Jain @Chhote Lal @Investor mahesh  Few points to clarify :
> You can't deduct any saving like 80CC etc from STCG value ie., 4 L . Saving of 1.5 L is deducted from net income directly . So if other income etc is 2.5 L then net income is 1 L only under old regime .
> Only tax on STCG trade value @15% is calculated ie., Rs 60 K is added to above income and not 4 L . You can't take 4 L as income as it's traded value like what you do in business .
> Under old regime no tax is due . I will work on Excel and send it by evening as trapped in market right now .
Good luck 😊😊

PS disclaimer - I am non Finance PG in Life Science but with research mind 😁. Take it as discussions only

Also advance tax to be paid otherwise 234B, 234C will attract.

​@Chhote Lal  Apologies I am not here to prove you wrong. I am just clarify the misunderstanding about rebate. You are correct 25K tax relief is there but if your tax is less than 25K but if you have tax more than that then you need to pay full amount not the balance amount after deducting rebate.

@Rakcyt I agree with you 80C can't deduct from STCG. I will wait for your calculations for old tax regime how I can save the tax. But mine understanding is I need to pay tax in both the regime but in old regime I need to pay less tax.

​@CA Dhiraj Ramchandani  If you can provide your inputs. Thank You

​@Sambhav Jain @Investor mahesh @Chhote Lal @Anshujii 
Proof is in the pudding that's the phrase which should help us conclude the healthy discussion . We all were partially right and partially wrong as facts stand 😀😀
But outcome is good as we all learnt through the process.

The Excel on GOI incometax site when used for above case under AY 24-25 with other income at 2.5 L , STCG at 4 L and 80 cc saving at 1.5 L provide tax liability as below :

> Tax with surcharge @ 26 K under old regime
> Tax at 28.6 K under new regime

Of course interest liabilities will be there if no advance tax paid .

You can recheck yourself on site as these is authentic figures .

​@Rakcyt  Yes we learnt it and I also got the same tax figures. Do I need to pay Advance tax now or the next year fillings before 30 June ?

​@Sambhav Jain  That's good to verify always . Thanks .

Yes you should pay advance tax before due date for this qtr which should be 15-3-24.

I think under new regime, tax up to 25000 not payable, if gross income is less than 7 lacs..(section 87A). It is 12500 under old regime, but you can claim rebates under 80C,80D etc

​@Rakcyt Please don't state we all were partially wrong. Can you specify where I was wrong?

​@Rakcyt Thanks so much for suggesting and verifying. I too tried out similar tool available online but didn't consider applicable setoffs to workout tax on STCG and hence got different figures. Good learning at the end. Thanks once again !

​@Investor mahesh  In an earlier msg you said tax liability as 45 K under old regime . Also 80 cc saving is not directly deducted from either of capital gain.

Pls take it in sporty way as we were.doing it without the tools .
Appreciated your knowledge on overall subject . Thanks

​@Sambhav Jain Thanks to you too for asking this query which resulted in discussions and learning!

Yes Taxable.
STCG is irrespective of your tax slbs

Icici,no tansion above 5 lac insurance limit,in my opinion you should do 8 lac RS FD for 20 month and 250000, RS in savings account, then use bhni application for this account

Thank you Sandeep Ji, the combination you have suggested is the best option.

​@eVA 1. ICICI is the best..
2. The type of FD is called Money Multiplier FD (linked flexi FD)
3. You can open FD for upwards of 15 months which has good interest rate..

Kya hum buy kar sakte hai

Thanks for sharing details...

Could you please shed some more light on choosing OFS? I am trying hard but missing with some margin or getting allotment at higher price. It will great if you can share the mechanism of identifying the cut off price last minute.

​@abc xyz  Could you please share your strategy for benefit of all for NHPC today . Honestly I also failed in my last two attempts to qualify for ofs .

​@abc xyz  kindly guide should use a cut-off price or a bit higher bid in case of oversubscription. what if retail is undersubscribed? A cut-off price would be ok for bidding in case of undersubscription? @Rakcyt @ervrsn kindly share your experience with OFS price bidding also was that over or undersubscribed issue in your case (retail).

​@Nifty Singh  When it is underscribed then you get whatever you apply at cut off only. Only when it is oversubscribed the issue comes as cut off doesn't work but even the discovery of higher price is not sure and one end up getting blank .
I also want to know what is the right approach in that case

OFS document mentions allotment on "price priority". So it looks, people bidding at higher price than others will have better chances.

Good morning everyone. Got full allotment @71.20. Hope others too have bidded & get it.
Just few days back ofs of IRCON came. I bidded here too @159.10 get the full allotment too. Yesterday IRCON price was 227. In just 30-40 days gain of 68.7 Rs. Per share. Most important thing is that here one may not get stiff competition for the allotment as compared to other good ipos.

Enjoy the Saturday with market .

Good information

​@abc xyz  Thanks for informing now , would have loved if you had responded to queries to the post you had initiated.
Congrats to you , I missed at 70.2 as we wanted to learn how to know the cut off as apparently it was showing as 70.1 on NSE .

Could you guide now how did you come to price discovery to help us.

Also missed ircon at 158.1 by a whisker in OFS but bought from market at an average of 133 at correction before ofs came.

​@Rakcyt Did you receive any intimation for allotment or non-allotment of NHPC OFS?

​@MuStrFc  On ICICI direct if you try to unblock allocation after 730 pm it get unblocked meaning no allotment.

Big big congratulations to the successful bidders who have got the allotment in NHPC.
TODay it's trading at 78.
What a super duper gain in just a single day. Hold this 💎 for 95 target.

Thank you very much, @abc xyz , for sparking inspiration at just the right moment. I placed a bid for 2783 shares and was granted the full allotment, albeit at a slightly higher price of 71.50 (refer to image). The intriguing part is how you managed to hit the bullseye at 71.20. If you could shed light on that, it would be a valuable learning experience. Regardless, I appreciate your guidance, love you bro, and thank you for imparting knowledge in this new dimension of the market. @Rakcyt  your question prompted me to contemplate this matter more deeply, and I'd like to offer guidance based on my singular experience.

I recommend referring to the BSE site for live OFS subscription updates. Cross-check the cumulative bids and the OFS size. When these align, the OFS price is likely to be around that level, give or take a few paise/rupees depending on the share size. However, I'm still trying to grasp the nuances of this plus-minus aspect. The final check on the BSE site (03:33 PM) revealed a matching bid price of 71.55, but the clearance price was declared at 71 rupees (I placed a bid at 03:29:59). Abc XYZ, perhaps you can share your insights based on your experience including the order timing for bidding. My key takeaway is to place bids on the higher side to increase the chances of allotment.

Thanks for the insights. I'm new to OFS. The first time, I selected "cut off," but later I realized the mistake. In the next OFS, I placed a higher bid than the floor price, but I didn't know which price to enter, so I failed again. Yesterday, I checked the BSE site at 3:29 pm, and the indicative price was showing around 70.25. I placed a bid at 70.5. Once again, I lost! Thanks for your suggestions. I hope to place a better bid next time.

​@Nifty Singh Bad that you also missed the opp by a whisker .
Till Axis Bank, HAL and IRCTC?( Went down badly later in ) the cut off worked fantastic and got allotment in bulk. Due to increasing no of retail participants it seems we need to devise the strategy next time . I will not go for OFS and that too wait for it to reach higher price , rather will buy on first day at lowest price which works even better .

Like you I observed both bse and bse but thinking 3 pm is the time pressed the option before 3 pm .

Our mentor Xyz...will not respond as he just wanted us to say words of congrats and feel better as no one else got it .😉

​@Nifty Singh 
Glad to know that you got the allotment @71.50 which is also a great price. You are the few luckiest person who enjoyed the allotment and most of the people don't get an allotment due to bidding price. What makes any big difference to your price (71.50 ) in a longer run. I think the people who have bidded above 71 may have got the allotment. Anyway you have achieved more than 15% in a just single day. Today NHPC closed @80.5 before creating new ATH 85.

I can provide the brief idea of the subject to the people but can't write everytime due to involvement in office. One have to study and analysis the things for earning from the market. If suppose I write a price of 69.90 at which zero allotment, then people will not spare the person. So it's better to study well & earn well.

​@abc xyz  Good to know that you bidded 71.5 and got full allotment. Congratulations.
I also bidded 2700 in each @71.6 and got full allotment and sold 60% at average of 81 of having account with zerodha cdsl .
My query is this when zerodha allowed to sell the allotted shares today of ofs but having few accounts with nsdl broker where allotted shares were not reflecting and will allow to trade on Tuesday. Any one facing such Situation though my broker suggested to sell the shares after paying margin appx 55k in each account but I will sell remaining on tuesday

​@abc xyz @Nifty Singh​@PLAZA  Congratulations for OFS allotment.
Your strategy is good, but can you please tell the site address for price discovery.

@Rakcyt  I tried to bid, but was unsuccessful for Hudco, Ircon and now NHPC.
But in between I found an another idea and was a bit successful.
I studied and found that on the 1st day of OFS, the stock price already trades around the cutoff / discoverd price.
For ex.
1. In case of Hudco, cut off price was 69.
So, I purchased share from open market @80.15 on 18.10.23, now after 90 days, it is 2x.
2. In case of Ircon, cut off price was 154.
So, I purchased share from open market @160.37 on 7.12.23, now after 44 days, it is 1.6x.
3. In case of NHPC, I was about to buy @69/70 on 18.1.24, but I missed as I was engaged in my office works. (If done, it would have been +15% in 2 days)

Disclaimer: This type of High returns are possible at present due to bull 🐂 market. It can not be achieved every time.

Hope it helps.

​@abc xyz Brother Any other suggestion Like OFS which is profitable to try for?

​@IPO Traders  Yes that's exactly what I also mentioned . You are absolutely right as I have tried that few times as it works better than OFS.
You are also right that mostly OFS prices goes down like in Ircon and worst was in IRCTC though recovered of late so OFS may not work out in favour since market sentiments do play big role.
My success rate till Manyavar was 90% but it fell down now . Recently like you I also didn't get buy bought from market in few cases .

Thanks for bringing nice points on table.

Too high valuation doent make sense.

@vvs Your market cap calculation is off - it's coming at 2200 Cr not 3200 Cr. PE of ~68. Amber trades at 77, and 30-40% higher EV / EBITDA & EV / Sales compared to EPACK.