SUBSCRIBTION DATA
QIB : 1,45,87,000 SHARES
NII : 79,43,70,875 SHARES
(QIB + NII ) : 487.2 X ( Counting Over )
RII : 96000000 ...i.e : 58 X (approx.)
ONLY 1 OUT OF 58 SHALL BE ALLOTTED
NET AVERAGE : 273 X
GMP : STRONG 100+
TARGET : 300
Expect another mini D-Mart
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4. ShareView Jul 6, 2017 10:27:22 PM IST I Like It. 3 | Report Abuse Reply
IPO Mentor IPO Mentor (600+ Posts, 1300+ Likes)
Subscription data will surely cross all records..
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1. ShareView Jul 6, 2017 9:00:10 PM IST I Like It. 7 | Report Abuse Reply
IPO Mentor IPO Mentor (600+ Posts, 1300+ Likes)
Dilipbhai Dawda''''s Review much convincing
Top Line - Bottom Line
On performance front, the company has (on consolidated basis) posted turnover/net profits of Rs. 292.57 cr. / Rs. 6.26 cr. (FY14), Rs. 330..36 cr. / Rs. 6.32 cr. (FY15), Rs. 310.20 cr. / Rs. 11.18 cr. (FY16) and Rs. 384.64 cr. / Rs. 20.74 cr. (FY17). For last three fiscals, it has posted an average EPS of Rs.15.17. For FY 17 it has posted an EPS of Rs. 20.83. If we attribute latest earnings on fully diluted equity post issue then asking price is at a P/E of 6.8 plus and at a P/BV of 1.12. Last three fiscal’s average RoNW is 17.36 %. Peers are trading at a P/E of 18 plus. Thus issue pricing is reasonable.
On merchant banker’s front, this is the first IPO for main board from its stable. It brought 28 SME IPOs since 2012 and out of last 10 IPOs listings, only 1 IPO opened below the offer price.
Conclusion:
Issue is reasonably priced. But its initial listing (due to offer size below Rs. 250 crore) will take place in “T†group, which will remove speculative aspect for the issue. However, investors may consider investment for medium to long term.
>>>>This IPO is pure LOTTERY..💶💷💸💱
🙏👍