@Palka No , No No need to discourage your self You should Apply in all IPOs Wishes You will definitely get handsome return . Wishing you a happy Wednesday..😅👍
49.2. Palka| Link| Bookmark|
December 13, 2023 6:43:43 AM
IPO Mentor (1000+ Posts, 200+ Likes)
Thanks for your encouragement. I will definitely apply in all the forthcoming IPO. Thanks
FY 24 PAT Expected Earnings : 380 cr EPS : 24.15 So considering Big Gap between PAT of 2 consecutive Year , A Lead Manager will always consider a It's preceeding year as a base and try discounting It's Forward Earnings to make Issue Attractive
So As per my Calculations They Should Value the company 13.5-14.5 times on Forward Earnings
So M.cap comes at 5320 cr So Price Band should Comes at 340 Rs PE On FY 23 Earnings : 32.4 Times PE on FY 24 Fe : 14 Times
PB on FY 23 : 2.44
So Expected Price Band is Around 340
If you are a Fundamental Expert or even Good in Basics , You would find something Very Investor Friendly In This issue That ,
Company or LM's cannot price it above a Price To Book Ratio of 2.6~ on Current Earnings , But in next 4 months it will come down to 1.2 Making this Company Ultra-Attractive and Very Good Long-term Bet .
For me It's a 8500 cr Company coming at 40% discount 😀 and Going FF even if price is slightly on Higher Side . I am Personally Very Bullish Here.