63. Chem cho| Link| Bookmark|
February 4, 2022 7:42:00 AM
IPO Guru (2600+ Posts, 2700+ Likes)
stock brokers view is that Reliance may keep brand Manyavar in its retail store im mumbai i am not sure about the news ,and not confimed with any one views expressed are own
I think IPO party is over. Now its time to look at valuation. If i am right, this IPO asks around 100 P/E ratio and 25 P/B ratio. Too high, despite it is making some profit. The market condition is not as it was 6 months back. All the growth stocks are bleeding. Its a time for value investing. There are well proven businesses with P/E < 20 and P/B < 5 available in the market. I am leaving it. Disc: I am not a SEBI registered advisor. Please do your own research and/or consult your financial advisor before investing. All the best !
I am avoiding due to 1) Total Assets are only 50% of Issue size 2) Profits declining 3) Mostly promotors would like to exit after taking listing benefits 3) P/E is high for this business segment
50. K.Atar| Link| Bookmark|
February 2, 2022 6:04:32 PM
IPO Guru (1000+ Posts, 700+ Likes)
Though Manyawar is a category leader and has overseas presence too but comp is asking ipo price at pe ratio of more than 100x (which is high), they must have strong belief in comp performance or just greed (OFS). Let's hope subs justify their logic of pricing it this way.
49. MehulStk| Link| Bookmark|
February 2, 2022 3:02:23 PM
Top Contributor (400+ Posts, 100+ Likes)
Can we compare this with Go Fashion? Go Fashion had great listing dispute its loss making compony.
49.1. MehulStk| Link| Bookmark|
February 2, 2022 3:13:55 PM
Top Contributor (400+ Posts, 100+ Likes)
PREMIUM CHARGES IS VERY VERY HIGH N UNJUSTIFIED FOR Re. 1 paid up share . what is profits N dividend track records of the Company ? It is 100 pct OFS issue which means the entire proceeds of apporx. Rs. 3000 Crore will go the promoters pocket and company will not get any finds for business expansion ? Promoters were allotted shares some time back at very cheap price and now they want to off load their holding at unjustified and sky high premium to new investors . Promoters will get out pocketing large sum of money without leaving anything on table for the new investors. How one cn justify share sale price of Rs. 866 per share ? What is earning per share and what will be PE ratio ? Such high & unrealistic share sale price should not go PAYTM way which is down by approx. 60% in a very short period . investors feel like cheated & fooled by promoters, lead managers, SEBI and media who were successful to sale shares at unrealistic price which is evident by continuous crashing of share price after listing. Can someone please indicate realistic price ? It cant be 866/- per share for sure ????
47. arunARUN| Link| Bookmark|
February 2, 2022 11:03:43 AM
IPO Guru (2000+ Posts, 1700+ Likes)
Call on whether to apply even 1 lot should be taken on last day. What is the hurry to apply anyway Factor which may influence will be 1) Budget impact on sector by coming Monday 2) Anchor quality 3) Interest in the counter May do CMS kind of listing if counter gets cornered