Wait till 2 PM if you see good response from HNI and Institutions you can think of applying in this IPO..orelse avoid the IPO and buy from market on dips
Deepak Parekh''s son invested Rs 50 crores in Pratap Snacks at Rs 938 per share. Deepak Parekh is chairman of HDFC. Does this mean this may turn out a good investment and listings gains also???
TODAY LAST DATE OF SUBMITT FORM. I M VERY CONFUSE. SO FREINDS PLEASE GIVING ADVICE. CAN I APPLY THIS PRATAP IPO OR NOT...??? I M CONFUSE TO LOOK A MARKET...
we want more IPOs like sbi and icici to give an flavour of sharemarket
269. PavanM| Link| Bookmark|
September 26, 2017 9:55:33 AM
IPO Mentor (500+ Posts, 400+ Likes)
Below is Equity master final recommendation & Im not applying in Prataap Snacks based on this and poor market condition. Remember, Prataap snacks fixed price band when market is in extreme Bull phase but now market is in extreme Bare phase. Suggest retail investors to cancel your applications if you have already applied.
COMPARATIVE VALUATIONS & CONCLUDING REMARKS
Prataap Snacks has a price band of Rs 930-938 per share for its initial public offering (IPO), which is aggressive in light of the company''s profitability track record and its valuation vis-a-vis peers. While the company''s revenues have grown robustly, margin growth has not caught up. On the upper price band of Rs 938, the company''s P/E works out to 222.4x based on fully diluted FY17 EPS of Rs 4.2. We believe this is very aggressive given the competition faced by the company and weak margins and return ratios.
Further, for an investor to earn 15% CAGR per year from issue price, the share price would have to be Rs 1,426 per share. This would require the company''s EPS to be at Rs 71 in the next three years assuming a normalised price to earnings multiple of 20x. That is in the next three years the EPS needs to grow by over 16x from Rs 4.2 in FY17. At the current juncture, we do not believe the company has potential for such returns. The price is so high that even a 15% return looks way out of reach.
Hence, we recommend subscribers to consider avoiding this issue.
269.1. Khemka| Link| Bookmark|
September 26, 2017 10:13:48 AM
(1000+ Posts, 400+ Likes)
CBI enquiry should be ordered for pricing so high by merchant ......just kidding ????
269.2. PavanM| Link| Bookmark|
September 26, 2017 10:32:39 AM
IPO Mentor (500+ Posts, 400+ Likes)
Khemka ji seems to short sell and made lots of profit in yesterdays market fall.. assuming thats the reason for witt and humour :-)
yhi share market ka rule h khud ka mal khud hi purchase kr lo
267. MAMU| Link| Bookmark|
September 26, 2017 9:59:35 AM
IPO Guru (1700+ Posts, 1100+ Likes)
GMP :- 160-165 Sub2 :- 1800 KOSTAK :- 275 May be some bull operator behind PRATAP SNACKS IPO. As even in bad market there are huge buyers in pipeline. Let''s wait for 2:00pm to 4:00pm for HNI game.
Please avoide this IPO. This is an over valued share. If apply than sold at any kostak price or ignore. Market crashed. .. and premium will do down in next days..
Hi, from HDFC netbanking currently Pratap snack ipo option not showing, one day is still pending for ipo application, does anyone know why it''s not reflect