@deepak pareek More than the price band, it's big ticket size looks exciting apart from known brand and business 👍
14.3. Amit Chheda| Link| Bookmark|
September 26, 2024 3:07:49 PM
IPO Mentor (800+ Posts, 900+ Likes)
If price comwd 1750 there will be hardly any gmp...pricing should be in range of 1100-1300
14.4. Rolta| Link| Bookmark|
September 26, 2024 3:59:36 PM
Top Contributor (500+ Posts, 100+ Likes)
@ Amit cheeda Are sir they are eying valuation of 20 bllion USD $ ...168000 thousand crore... 1300 rs price ke hisab se valuation ayega 105000 crore ...SO price will be very near too 2000 Rs .... And issue size will be near to 28400 crore...
>> "Maruti Suzuki is the biggest automaker in India in terms of the domestic wholesale units sold (according to SIAM data), clenching a 41 percent market share with its market cap at $48 billion, commanding a 12 month forward PE of 22.6 times its estimated FY25 earnings. However, the company is feeling the heat of rising competition and witnessing market share decline, which is seen as a positive for Hyundai Motor India, the second largest automaker in the country.
As India’s second-largest automaker, Hyundai Motor has maintained a steady market share of 15-17 percent since 2008. In 2023, the company achieved its highest-ever domestic sales, reaching 6,02,000 units—a 9 percent year-on-year growth. This impressive performance was fueled by the popularity of its compact and mid-size SUVs, particularly the Creta, Exter, and Venue models, Nomura noted."
Also, brokerage firm Nomura stated that the pricing of Hyundai's public issue might be inclined toward premium valuation.
Massive size+ Pricey valuations (if it happens)+ Free float post-listing= Factors to keep a tab on
>> Mr. Ramesh Damani also commented about the IPO market frenzy, feeding all the fish in the ocean. He also stated that valuations in mid & smallcap cos are "stretched" & rebalancing to certain large-caps.
🎯Revenue : - FY 2021: ₹409,722.51 million - FY 2022: ₹473,784.32 million (15.64% YoY growth) - FY 2023: ₹603,075.80 million (27.29% YoY growth)
🎯Profit for the Period : - FY 2021: ₹18,811.56 million - FY 2022: ₹29,015.91 million (54.26% YoY growth) - FY 2023: ₹47,092.50 million (62.30% YoY growth)
Everyone excited see this from but i attention to everyone this company share price is comming high valutations than maruti suzuki so not expecting return huge