My 2 cents on today's ipo
Muthoot IPO : Apply for listing gains and long term
Fy23 pe is 24, however, ttm pe or annualised fy24 pe is a better metric
H1 fy 24 profit : ~200 cr
FY24 Profit : ~400-425 cr
pe would be between 10-12 comparable with fusion
Apply 10-20% pop
Applied 1 BHNI and 3 retail apps
In suraj and moti : applied 4 retail apps
muthoot and Suraj can be held for long term
Moti : only for listing pop
Priority wise ipo
1) Muthoot
2) suraj
3) motisons
GMP is going down due to bad secondary market sentiments
Don't worry and apply
Muthoot will list in discount only if the market falls precipitously and sentiments become really bad
Otherwise it's a safe bet
Happy investing