At the upper price band of Rs 730/- company will have a market cap og Rs. 3560 crore cap which leads to a PE of 34x. Margin of company is also depends on oil and rubber prices. However the given market conditions, where existing blue chips and quality mid caps are ruling at mouth watering valuations. So better to avoid this one!
Consistent performer, high valuations. Minimal listing gains. Heavily dependent on oil prices as rubber is key ingredient. With low oil prices, company had a decent 2016 whose profit can be extrapolated. At 100 cr bottom line per year and expected market growth of 10-15% per annum, a valuation of 3500 crore looks stretched. Listing gains if any, can not be more than 10%. Should be available at more reasonable PE of 20-25 which should give a discount of around 30% post listing subject to fair market. Company is a leader in its space and has terrific product line so will be a good stock to enter in long run after the correct price discovery after listing
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At the upper end of Rs. 730, company will have a market cap of Rs. 3,560 crore and enterprise value (EV) of Rs.3,514 crore, which leads to a PE multiple of 34x
Ye ipo listing par bumper khulega qvees qorp aur advance enzymes aur ujjivan ki tarah aur PNB housing finance Ltd ki tarah Jo nahi apply karega wo pachhtaega please apply for this ipo kick ipo he bumper return dega aur buy buy buy digjam ltd 12 price he upper 30 ko jaega December me mutibuzzer stock he buy buy buy buy digjam ltd
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Price Band of Sheela Foam of Rs.680 -730 for face value of Rs. 5 Share is abnormly high. One should avoid this IPO. Thrre are high chances of listing at loeer price on listing and may tank down further.
Those who have no interest in sheela IPO , But interested only in IPOs , Wait for Laures Lab ,Rock solid invt. this Dec. end. 50% Revenue of Pharma Cos. from export only. So gain from $ & less effect of Demonetisation.
Yes you arr right to suggest avoid this issue. Fair value of this share for (if FV had been Rs.10.00) should not be more than Rs. 350.00. This is Strictly avoid at current price.
Buy buy buy digjam ltd achha return Deta he Mene 8me liye the 12 ko pocha he aur 29 ko jaega mmtips se aaya he aur bhagega buy buy buy digjam ltd 24000 me Liya 36000 aata he buy buy buy digjam ltd accha return milega December end mutibuzzer stock he buy buy buy digjam ltd
Sheela Foam''s Rs 510 crore IPO to kick off this week By PTI | 27 Nov, 2016, 1444 hrs IST  NEW DELHI: Sheela Foam, which makes mattresses under Sleepwell brand, will launch its initial public offer this week to raise Rs 510 crore.
Sheela Foam had filed draft papers with Sebi in July and received the market regulator''s approval earlier this month.
The company has fixed the price band at Rs 680-730 for the offer, which will remain open to bidding from November 29-December 1.
Edelweiss Financial Services and ICICI Securities are the book running lead managers to the issue.
So far this year, 25 companies have launched their initial public offerings.
The IPO of vaccine manufacturing firm GreenSignal was withdrawn last week following poor response from institutional investors.
Sheela Foam also manufactures foam-based home comfort products like mattresses, furniture-cushioning, pillows, cushions and sofa-cum-beds.
The company, which has 12 manufacturing facilities, developed a pan-India distribution network consisting of over 100 exclusive distributors, more than 2,000 exclusive retail dealers and over 2,500 multi-brand outlets. The firm exports its products to 25 countries.