Pharma is another story, don't compare it with contract manufacturer like Dixon or Amber. Gland has many US patent and USFDA approval for upcoming products.
Gland pharma After Cams and Mazgon listing retailers and hni are cautious. And also the Chinese connection and higher valuation gland pharma couldn't drove interest from hni and retail. But after all in longer run only fundamental matters. Gland has strong financials+ certain moat + good management+ still open market in India and china. So the offer price of 1500 of fv 1 is justified. We don't know wether it list at discount or primeum. So even 10 percent + or - listing gland pharma is a buy Candidate. My target for next Diwali is 2200+ Sl- 15 percent of buying price.
What a Negative sentiment for the 3rd Largest API player in India. The Mistake is a Rich China Investor. Well Paytm and 100 others have China Investment. What's wrong if Chinese are rich and Buy Investment in Global Market. Fosun is Pharma have invested in Gland in 2017. Fosun have not taken over the management. The management is same led bt PVR Raju and his son.
Fosun owns many companies and Have a little control over Management. Fosun let companies work independently.REPORTERS ARE HAPPY WITH JAPANESE COMPANY INVEST IN BULLET TRAIN IN INDIA AND ARE SAD IN CHINA INVESTOR INVEST IN INDIA WHAT'S THE PROBLEM. Yes i am Worried about Army. But that's a 50 year old issue of border, which is Biggest Problem needs to be solved by both. India have border issue with all Neighborhood country. Being china is Ruled by Communists and Mainly dictatorship government. XI is a politician and Wants to Rule Asia. He's not happy with Modi who have become a global Leader. Even India is getting in Manufacturing is hurting China with India market of 130 Crore People.
Well Investigating in Gland? Gland is in India giving employment to many Indians and paying tax so I should not worry about being a Chinese company hence one should not cry for China China China Secondly Gland Pharma 40 year old companies if you compared with divis which is trading at 85,000 crores valuation wheres where is gland is just just half of its size is just saying that only 25000 crore valuation on a long-term basis this company is growing the API sector is hot and its export into the US markets and even trying to enter the China markets even the India market is there in their hands so I believe that the evaluation of 25,000 cr is justified and looking forward for to the next three years this valuation is going to be a reasonable.
HenceI don't know about the listing it may be hundred rupees up or 200 rupees dow but long-term investors and I will definitely invest in this company consider the largest API company and into injectable business and reasonable valuation come back to divis lab lauras and Aarti which have rallied a lot post covid.
Talking on to the valuation the company never value itself on 1300 rupees share. It's a wrong guess. Bankers after looking at the road shows were confident that the company was evaluated 25000 crore rupees in array share price of 1500 rupees. It may a Grey Gimmick If u see Global players or even Divis on FY 22 Basis it's coming at 23% cheaper than Global Peers
Grey is destroyed with no premium in the market one need to decide when to invest in IPO or on the day of listing or just wait for a month to settle down.
There is nothing wrong when Jahangir gave permission to East India Company to set up their first textile mill in Surat and Machllipatnam 1600s... but we all know, what British did to India..
There is nothing wrong when govt of India and Sebi gave permission to a Chinese company for an IPO , when we know what these Chinese is doing to our small scale industry, large scale industries, heath sector, electronics sector, border, Corona, UN,etc... they have complete monopoly.. one side govt has ban to Chinese apps for eye wash, other side they have red carpet to Chinese investor parasites...
We can earn money.. there are hundreds of ways.. but in long run getting back our hold on our own country from these parasites will be extremely difficult, we will need another Gandhi...
366.4. Rafiq| Link| Bookmark|
November 14, 2020 10:11:48 PM
Top Contributor (400+ Posts, 400+ Likes)
Brother where were you? we needed your comment before the IPO was closed. Well said, Good analysis. Seem new star is born in commentry.... Welcome Bro.... and do this for upcoming IPO before it get closed
365. Chem cho| Link| Bookmark|
November 14, 2020 5:00:29 PM
IPO Guru (2500+ Posts, 2700+ Likes)
This is indian company. And we are taking ownership from china back by buying shares..dont know why people are so idiot..guys boycott china product..that will harm to china ..here u are harming to india itself..guys we should take back our gland from china by taking its shares
357.1. arunARUN| Link| Bookmark|
November 14, 2020 2:00:42 PM
IPO Guru (1900+ Posts, 1600+ Likes)
@chaheta, Kindly explain that how China is asking 1500 times of what they paid. If you scroll down you will find that they bought from foreign PE holders at the rate of Rs 605 per share more than 3 years ago. Have you seen improvement in company's performance in last 3 years
Please when you post be correct on facts. In my view opinions are free but facts are sacred. Say what is fact and then no one will question you. Your opinions can be questioned if not based on facts?