today in ECNOMIC TIMES CAUTION NOTICE I SAW THAT THIS IPO HAS NOTHING TO LINK WITH HAVELLS COMPANY NOR ITS PROMOTERS SO THUS OPTING OUT OF THIS IPO ITS RISKY TOO.
Just that Havells isnt a promoter does not make this company a bad bet, Assuming and knowing now that they have no link to the promoters what would the experts say purely on the fundamentals ?? is it good enough to invest or ignore ?
Good things -- Havells is the promoter, Raising money to pay debts, in a competitive market brand is fairly visible as a medium-high end product, consistent track of profits.
Its a subscribe .. nothing to loose at given rate ..upside 10% to 25% expected,
The anchor investors include HTCL-HDFC Prudence Fund, Birla Sun Life Emerging Leaders Fund-Series I, Copthall Mauritius Investment Ltd, IDFC Sterling Equity Fund, Nomura Singapore Ltd and Baroda Pioneer Growth Fund.
1. largest market share in electricity ....energymeters and the fifth largest ....market share for LED lamps in India ....during FY15 2. okay fundamental 3..Better future prospective in this sector
Disadvantage:
1. Debt 2.profit margin stuck at only 3.3% 3. High PE 4. Revenue growth also low.
High risk /low(NiL) return ipo
My view: Very much overdose by primary mrkt.easily avoidable.can consider a buy after 20%-25% correction @202(if it comes)
Actually,Gmp is still not fixed for this IPO.. But some people gave the kostak 350 to 450. But they also looking not much interested about it. Maybe will wait & watch till subscription.