Instead applying in Salasar 0 chances of allotment buy CDSL on dips or Buy AU SFB on listing atleast you will win or loose, rather then being Null in salasar.
FY 2017 and net profits is Rs20.74 crore on consolidated basis. wow total outstanding share 13,277,300 Equity Shares @ Rs108 will give it MC of approx 143 giving it a PE of 6.91 this dirty cheap when compare it with its peers at this valuation this will certainly list at 100% premium IMO. RoNW is also close to 18% CARG is also good. dis advantage is it is very small company so management will be big question mark last year vaccine produce greensignal bio with very good balance sheet and management was also E. S. Chandrasekaran is executive director still failed.
However market now is bull face we hit all-time high on sensex so anything is possible
i will wait and apply anyway its lottery with only 37000 apron application
IMO fair value is close to 200 and give in 25% MIS it will certainly list 150 give a 40% plus return however this will be
33. Chem cho| Link| Bookmark|
July 7, 2017 10:22:37 AM
IPO Guru (2600+ Posts, 2700+ Likes)
Small company IPO of 35.87 crs Chance of allotment is very poor , ,Those having surplus funds with out any interest pay out should apply , 99 % money will be refunded with out allotment
Looking at the issue size (Just 36 Crore - Few SMEs were even bigger than this), it seems, primary objective of this IPO is listing only and not the fund raising.