where are they always type:- "Another Fully OFS, Promoters are selling their stake to innocent retails'' , here for looting "......n alll
i guess valuation is more important than OFS(higher or cheaper).... if someone have bought at lower levels he will sooner or later will book profit as we do. there is nothing bad in it. But i agree at a point Reducing Promoter''s stake is a cautious point too.
@jeff bezoz ( takle wale bhaiya) me khud ka aur padosi ka kidney bhi bechke bharega na to bhi 23 per 1 hoga aur abhi to logo ki G fati padi he to 18 pe 1 sahi he 😉😌
Jeff bezoz 35 par 1 ka kya calculation hai ya yu hi bol rahe ho... Approx 1.5 lakh application available Application may come 30 to 35 lakh so it should be in range of 18 to 23x maximum
Reasonably profit making company. Cash generation is good. Mining industry is upbeat with metal prices are in solid phase. But age old business Second generation of promoter is also good. May not get spectacular return after IPO as around 30 percentage gain would be there. I would say safe bet with modest gain post listing
Financials look solid in this ipo... Consistent growth in top line as well as bottom line and icing on the cake is the profit margins have improved pretty sharply as well.. June-21 result looks bit out of the trend but I think that''s ok considering covid was peak in april may and june this year.... If listing price is good, I think this one will rock!!
Prima facie, the price of 453 makes this comparatively cheap as compared to its peer AIA Engineering ltd.. Despite having better ratios (RoNW, Price to Book, higher face value) to its peer, it''s coming at a P/E of ~22 vs AIA''s P/E of 31... hit hoyega... size bhi chota hai...