What is your considered opinion on this IPO. Considering the face value, EPS etc, would it be advisable to buy MindTree or TechMahindra from sec market. Regards
As per the data provided by mr.eagleye,it is much costlier in comparison to its top peers.It means it is not worthy to apply.we are not here to lose our hard earned.
Yes it''''s sure, don''''t follow this rubbish comments. I lost of many opportunity following blindly these opinions and not invested. Eg recents is Parag, Interglobe where i have opportunity of investing more money as subscription is very less but followed these experts comments. From Parag onwards I decided to go exactly opposite, invest more in not recommended and while invest very less in good Ipo as chances of getting share is very less. While experts opinion is much needed as such type of ipo so we can make some money.
All peers shows robust growth in revenue and profit in last 3 years but L&T failed. Market running on growth. Consistent growth in revenue and profit are the main problem in L & T Infotech.
Major peers like TCS, Infosys, Wipro, HCL Tech have revenue in excess of USD 5 billion. Even Tech Mahindra have revenue in excess of USD 4 billion. These companies are beyond comparison with L & T Infotech. At best it can be compared with 2nd tier IT companies which are available at 10 to 12 PE.
Recently L & T Infotech withdrew job offers to 1500 new recruits. This shows that the business outlook for the company is not that rosy. Looking at the headwinds faced by the IT sector recently, it is better to stick with big IT companies. Recently KPIT technologoes also issued profit warning for the June quarter.
L & T Infotech has revenue less than 5000.00 crores. it cannot be compared with big IT companies like TCS, Infosys or Wipro for earnings and revenue. It is at best the second tier IT company. This company is not for long term holding.
Link http://www.thehindubusinessline.com/info-tech/dumped-by-lt-infotech-students-in-no-jobs-land/article8682528.ece