now some samosa or kachauri wala should float ipo at 400 PE and 30x PBV and so on. until these lead managers finally know the buying limit of retail investors. as in just how expensive they can buy such stuff.
It’s almost as if investors are oblivious to the fact that the issue is priced at 202 times earnings for the year till March 2017. This shouldn’t be surprising—while valuations of Indian markets seem all right from a top-down perspective, things have been out of whack for quite some time now for many sectors and individual stocks. The Prataap Snacks issue, then, just underlines the bubble in various pockets of the Indian market.
“We find valuations of several mid-cap stocks in our coverage universe very high. In fact, it would not be wrong to say that some are in the ‘bubble’ phase with the market extrapolating strong growth and high returns in perpetuity,” analysts at Kotak Institutional Equities had written in a 10 April note.
392. KING VINOD| Link| Bookmark|
September 26, 2017 5:41:12 PM
IPO Guru (2400+ Posts, 5300+ Likes)
Prataap Snacks Company Limited IPO Issue Open Date : 22 Sep Issue Close Date : 26 Sep Allotments / Refunds Date : 03 Oct Shares Demat Credit Date : 04 Oct Listing in NSE & BSE Date : 05 Oct
391. KING VINOD| Link| Bookmark|
September 26, 2017 5:33:43 PM
IPO Guru (2400+ Posts, 5300+ Likes)
Prataap Snacks Company Limited IPO Latest Subscription Figures on Day 3 @ 05:30 pm QIB = 76.8883x (NSE+BSE) Closed HNI = 101.1513x (NSE+BSE) Closed RII = 7.6592x (NSE+BSE) Emp = 1.4479x (NSE+BSE) Total = 46.9818x (NSE+BSE)
Dear Eagleye, What is the expected GMP of Pratap Snacks after seeing these global tensions also.
389. KING VINOD| Link| Bookmark|
September 26, 2017 5:27:19 PM
IPO Guru (2400+ Posts, 5300+ Likes)
No One always 100% correct in the market With my 50% knowledge i estimated. some times it may work and some times may not. Even i too wants to learn more from experts.
387. KING VINOD| Link| Bookmark|
September 26, 2017 5:15:29 PM
IPO Guru (2400+ Posts, 5300+ Likes)
Prataap Snacks Company Limited IPO Latest Subscription Figures on Day 3 @ 05:10 pm QIB = 76.8883x (NSE+BSE) Closed HNI = 101.1513x (NSE+BSE) Closed RII = 7.5008x (NSE+BSE) Emp = 1.4479x (NSE+BSE) Total = 46.9035x (NSE+BSE)
Over all Market was down since last 2 days nifty almost 250 points Negative and Sensex 800 Points Negative, Still Nice Response from all categories 20% Listing gains can expect
386. dpcdsl| Link| Bookmark|
September 26, 2017 5:13:10 PM
Top Contributor (400+ Posts, 200+ Likes)
It was Eagle-eyed who projected subscription figure very near to actual subscription. Thanks a ton.
386.1. dpcdsl| Link| Bookmark|
September 26, 2017 5:15:03 PM
Top Contributor (400+ Posts, 200+ Likes)
*eagleye
385. R R Patel| Link| Bookmark|
September 26, 2017 5:06:26 PM
IPO Mentor (800+ Posts, 3400+ Likes)
As some of you correctly mentioned that valuation for Pratap Snacks IPO is kept on a higher side. But still, I will apply for few lots , not for Listing gains but for keeping in my portfolio. In my view if you are gunning for a multibagger , then you should invest in the future of the company & not in the present of the company. And to me the future looks very bright. Unlike Other IPOs , the proceeds of the IPO are also being used for expansion & modernization of their manufacturing facility. This means that their revenues will automatically improve with time. So in my view, Apply as per your appetite, don''t care for listing gains & hold it in your portfolio for long time. I bet it will become a multibagger.
Surprisingly very High Subscription numbers! Best part is the QIB Oversubscription, which indicates high confidence in the company. Be assured of Good Listing Premium. Cheers to those who applied.