July 3, 2015 - July 7, 2015

Loyal Equipments IPO Review & Recommendations

Dilip Davda has given "May Apply" recommendation to Loyal Equipments IPO.

Loyal Equipments IPO Review Summary from brokers and analysts

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

Loyal Equipments IPO Analysis By Brokers/Analysts

Reviewer	Recommendation	Past Reviews
Dilip Davda	May Apply

Loyal Equipments IPO Review by Dilip Davda (May apply)

[Dilip Davda]

If we attribute FY 2015 earnings on current equity then asking price is at a P/E of 4.5 and on fully diluted post equity it is at a P/E of 6.18 that appears reasonable against industry composite P/E of 35.

On merchant banker’s front, this is 15th IPO from its stable and it has mixed trends for its past thirteen listed mandates. Last IPO of Junction Fabric is yet to be listed.

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