hi....... its EPS 1.78 for ending 07 and P/E ratio for issue(at Rs.30) calculaated as 16.85.(lesser than 20) but for most of the food company not showing good response to EPS in past years. But u can think of listing gain only.
suggest u guys to wait for CNBC experts' opinion before applying to this IPO. Experts like 1)Tulsiyaan 2)Tanvir Gill 3)Ayesha Faridi 4)Mitali Mukherjee can guide u better.
eps is 1.6 so price should not be more than 16/- from what is written here the price band is 27/- to Rs 30/- which is very high for a company that is new to the capital market..
friends, look at this company, they are saying that they will start a new plant near there old one, but at the same time the objects of the issue does not mention that(so that later on any regulater will not be able to hold them guilty if they do not start that plant). and what is the object of the issue (1) general corporate expenses(2) listing benefits. what is this, they are trying to simply raise money for corporate expenses. truly avoidable issue.
hi all, i am in wheat trade business for a long time. i can tell you that all flour mills are making loss for more than 2 years. they are all duplicate. i am sure that they are in huge loss.
just avoid avoid avoid................ nothing in company------------ profits in lacs only ......... i can not even think to invest my hard earn money in a company like this
Good issue will be like burnpur cement the issue would be around 20 to 25 crores and a local operator can manupulate the price very easily and after opening it will go upto 50 rupees so better try your luck by investing 3 to 4 lots. It will give traders a good profit but not to the investor as burnpur did.