I think this one is attractive in current 5/6 SMES. I won''t be able to apply as my entire fund is blocked in sarveshvar. Best of luck to all applicants.
i have limited fund...so i can apply in 3 main line ipos from 3 acoounts or i can apply in tara chand with one main line ipo....which would possibly be beneficial #Thanks
Just avoid all SME IPOs. All Good SME IPOs with Good Fundamentals recently listings were performing not so expected. For Example Tasty Dairy, Hincon etc , they r failed to sustain in upper circuit even on listing day even though they were oversubscribed some 100 times because of their good Fundamentals , reasonable offer price
Post issue capital will be around 1.37 crore shares and weighted average EPS for 3 years is recalculated considering the same which comes out around 1.33. The company''s asking price is Rs 55 which is 41 times of EPS and Industry P/E ratio is around 35. Therefore overpriced. Also NAV as on 31st Dec, 2017 is Rs 20.78 and company is asking more than 2.5 times of its book value which is high considering the market sentiments. But due to implementation of GST (Savings in cost) and coming boom is steel sector, potential of this company is high. Hence, interesting IPO.
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March 9, 2018 7:23:30 PM
Top Contributor (500+ Posts, 200+ Likes)
As per Mr. Dilip Davda - Subscribe rating given. Please advise on the issue I would like to have some good SAME IPO for long term not only for listing gain. Kindly advise for long term. Regards Manish Jain