Sharing my POV
@Diligent IPO Learner @HumorHedge - Biz is undoubted market leader in sunrise sector
- Grown from 0 to 5k cr+ in just 3 years (7.5k-8k cr FY25E) - how many companies do this?
- Q1 FY25 units sold is +60% over Q1 FY24
- Lot of investment on R&D, gigafactory, Li cell mfg etc so PnL is bound to be negative, but operating leverage visible
- Coming at 4-4.5x FY25 sales (Bajaj Auto at 5x), while growing 60% when other 2W cos at 20%
Above is a bull case, and many have written the bear case already. Markets jittery so chance of listing gain looks bleak. But a hypergrowth, futuristic biz may require us to look beyond traditional valuations.
Will apply if QIBs come, else will skip. Goes without saying this is a risky bet.