April 15, 2024 - April 18, 2024

Birdy's IPO Review & Recommendations

Dilip Davda recommend to "Avoid" the IPO.

Birdy's IPO Review Summary from brokers and analysts

Review By	Apply	May Apply	Neutral	Avoid	Not Rated
Count	0	0	0	1	0
%	0.00	0.00	0.00	100.00	0.00

Birdy's IPO Analysis By Brokers/Analysts

Reviewer	Recommendation	Past Reviews
Dilip Davda	Avoid

Birdy's IPO Review by Dilip Davda (Avoid)

[Dilip Davda] The company is in business of Cakes & Pastries, Food Sale, Beverages, and Desert Sales. It posted bumper profits from FY23 onwards i.e. pre-IPO years, which appears to be an exercise to get fancy valuations. Based on its annualized FY24 earnings, the issue is aggressively priced. Small paid-up equity capital post-IPO indicates longer gestation period for migration. There is no harm in skipping this pricey bet. Read detail review...

Birdy's IPO Peer Comparison

Grill Splendour Services Limited peer comparison with similar listed entities. (As on March 31, 2023)

Company Name	EPS (Basic)	EPS (Diluted)	NAV (per share) (Rs)	P/E (x)	RoNW (%)	P/BV Ratio	Financial statements
Grill Splendour Services Limited	13.19	13.19	13.30	9.10	99.16	9.02
Westlife Foodworld Ltd	7.16	7.16	36.29	112.36	19.72	22.15	Consolidated
Sapphire Foods India Limited	36.70	36.70	197.33	42.77	18.60	7.95	Consolidated
Jubilant Foodworks Ltd	5.35	5.35	30.88	83.80	17.32	14.52	Consolidated

Source: Issue Price for Birdy's and others closing market price on March 28, 2024 on BSE

Source:

Data for peer group companies is sourced from KPI Tables prepared from Annual Report / published financial statement based on Consolidated financials for FY 2023.
RONW / EPS / NAV etc. is adjusted for face value.
The P/E Ratio is computed by dividing the closing market price on March 28, 2024 on BSE by EPS.
Birdy's financials are based on March 31, 2023.

Birdy's IPO Review by Members

Birdy's IPO Reviews, analysis and views by popular members. Read Grill Splendour Services Limited IPO reviews by retail investors to find recommended ipo to buy.

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Birdy's IPO Review Summary by Members

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