Hahah. I bet this stock will not get subscribed and date will extend. Good lesson to promoters for pricing 150 rs stock to 355. P\e of 23 when other listed companies are available at p/e of 10 There profits are decreasing.debt is increasing. I would not apply even if they would have ipo price of 100. I think greedy promoters might hv priced that when it was bull market
Wait till listing and you will get very good discount :) But don''t buy even then, becayou will need to give more discount when you plan to exit after few months :)
Like all infra companies, it is also burdened with huge debt, which, on a consolidated basis, stood at Rs. 1,548 crore, on net worth of Rs. 671 crore, as of 31st December 2014, resulting in a very high net debt to equity ratio of 2.22:1. This ratio has been rising sharply, from 0.91:1 on 31st March 2013 to 1.47:1 on 31st March 2014. Even post the IPO, it will remain high at 1.31:1. Thus, company will annually be paying more interest than net earnings - FY15 expected finance cost is Rs. 93 crore while net profit is Rs. 83 crore. Why build exposure to a company with such a leveraged balance sheet? Clear avoid guys
Pinky update Vrl sell Mep book loss I said mep at 59 its working in this range UFO will list at par or minimum listing gain may be there Secondary market will recover don''t panic