There does not seem to be much hype surrounding this IPO. There are valuation concerns, management issues, business concentration risks, Sectoral issues etc. After stellar listing gains in recent past IPOs , whether this IPO will disappoint? Worst case scenario, will it in fact be quoted at a discount after listing? p/e of some 50 Indian IT companies is available in this link. http://www.indiainfoline.com/marketstatistics/pe-ratios/it-software. The IPO bidding price for retail is Rs.700 at cut off. Taking the latest available EPS the p/e works out to 12.65 for this company. This appears to be reasonable considering the market valuation of peers. The latest interview with the management as it appeared in Money control gives some level of comfort. So, successful bidders can expect a small premium on listing. Positive factor would be continuing FII flows and consequent Bull Run thanks to BREXIT!
194.1. gamble| Link| Bookmark|
July 5, 2016 8:53:43 AM
(1600+ Posts, 3900+ Likes)
100% agree..go for L&T info. " bull run will happen when u least expect it"
192.1. Eagleye| Link| Bookmark|
July 4, 2016 11:25:39 PM
IPO Guru (6600+ Posts, 21900+ Likes)
See my posting 2 weeks ago ...
Eagleye Jun 23, 2016 12:15:43 AM IST Reply QUESS CORP LIMITED (Refer Page No 457 of RHP dated 20th June 2016)
28/Jun/16 – Participation by Anchor Investors 29/Jun/16 – Bid/Offer Opening Date 01/July/16 – Bid/Offer Closing Date 07/July/16 – Finalisation of Basis of Allotment 08/July/16 – Unblocking of Funds from ASBA Account 11/July/16 – Credit of Equity Shares to Demat Account 12/July/16 – Commencement of Trading on NSE/BSE
191. Eagleye| Link| Bookmark|
July 4, 2016 11:08:54 PM
IPO Guru (6600+ Posts, 21900+ Likes)
188.3. Eagleye| Link| Bookmark|
July 4, 2016 11:14:18 PM
IPO Guru (6600+ Posts, 21900+ Likes)
Septa Sir,
As you have been interested in this IPO since a long time ... I am sharing with you ... that ... I am informed (informally) that the upper-end of the price band will be Rs.896/-
The audited PAT for FY 2015-16 is 80-81Crs. The expected PAT for H1 2016-17 is 60-65Crs.
Hope this input helps you
188.4. Eagleye| Link| Bookmark|
July 4, 2016 11:16:22 PM
IPO Guru (6600+ Posts, 21900+ Likes)
TheLearner sir,
Even though this issue is of a similar size to Quess ... the BIG difference is that ... Quess had 10% retail ... whereas Advanced Enzymes will have 35% for Retail
Yes I agree Eagleye but if ipo is reasonably priced then we can expect 750000 application, so retail subscription on the basis of no. Of application will be 1100 Cr. Retail portion is 35 percent I.e. 140 Cr. I.e. 8x so chances of allotment will be low
Hello Eagleeye Can you please also share what will be the PE of advanced enzymes? and what is the similar industries PE ratio ? Asking this because I dont know how to calculate PE from earnings
u r welcome have look at orbit exports it has moved up however one can still entry on dips good company and big future. KEI still has to more room will not be surprised to see a great quarter share jump another 50% from here however have ur stop loss and move forwards. Been buying thomas cook lately Imo we will see new high on this counter soon which is 242 so at least 10% upside in short term
Whenever Link Intime is the registrar, I don''t get shares allotted (When I decide to apply for any IPO I do it 4 accounts not just from 1 account) but if the register is Karvy I get shares allotted (atleast in some accounts). This has happened not once but for all the IPO''s managed by Link Intime. I know that shares are allotted in lottery process but how come I never get shares allotted if it is link intime & get allotted if it is Karvy. So fishy !!!
can i submit ipo application in individual name and also in joint name with two different demat accounts but there will be common primary applicant with same pan numbers.