@GrayIsTheNewBlack From what I hear, Cotfab is planning some capex with debt, and the interview was given by promoter who isn't involved day to day. So it's basically very conservative, but I'm assuming most investors will only have that info so likely to be priced as such.
Feel that it can give 10-20% gain (15 PE bare minimum - even Piotex has settled here), and some peers are as high as 22-23 PE, so i think 15 PE it should safely hit.
GP Eco have applied 30-35 lots as well in total, but chances are next to zero there.