Sungarner Energies Limited IPO Message Board (Page 4)

Changes in DRPH to RPH
1.Issue price from 70 to 83
2. MM shares increases
3. Thus reduce in others quota :(

(post ipo) P/E: 26

Posting my observations in the right IPO thread, with some corrections :

Pros :
No OFS
LM & MM Track record
110% CAGR for 4 years as per management estimates
CY P/E Post Issue : 20.24, with 4.1 EPS as compared to High P/E peers
FY 24 P/E : If 21.72% normalised profit growth is taken, Profit comes at 96.03 lakhs, with EPS 4.14 and P/E 20.04
Also, If just for the sake taking 3 year PAT CAGR of 191.5%, but this seems very exorbitant, P/E comes at 13.53, with 6.13 EPS.

Cons :
No QIB (Probably due to small size)
Small size can be manipulated
Missing Financials of group entities for 1 year (HUF) and 2 year (Opportune LLP) respectively (No concrete reason given)

Suggestions / corrections to the above are most welcome.