September 27, 2023 - October 4, 2023

Vivaa Tradecom IPO Review & Recommendations

Dilip Davda recommend to "Avoid" the IPO.

Vivaa Tradecom 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

Vivaa Tradecom IPO Analysis By Brokers/Analysts

Reviewer	Recommendation	Past Reviews
Dilip Davda	Avoid

Vivaa Tradecom IPO Review by Dilip Davda (Avoid)

[Dilip Davda] The company is operating in a highly competitive and fragmented segment. It posted a roller-coaster ride in its financial performance for the last three fiscals. Based on FY23 earnings, the issue is exorbitantly priced. The tiny equity capital post IPO indicates longer gestation for migration to the mainboard. Just stay away from such pricey and dicey issues. Read detail review...

Vivaa Tradecom IPO Peer Comparison

Vivaa Tradecom Limited peer comparison with similar listed entities. (Standalone) (As on March 31, 2023)

Company Name	EPS (Rs)		NAV (per share) (Rs)	P/E (x)	RoNW (%)
Company Name	EPS Basic	EPS Diluted	NAV (per share) (Rs)	P/E (x)	RoNW (%)
Vivaa Tradecom Limited	11.07	11.07	51.09	47.66	2.10
Thomas Scott (India) Limited	1.14		18.59	70.93	6.13
Bang Overseas Limited	3.29		63.86	13.98	5.15

Notes:

Considering the nature and size of the business of Vivaa Tradecom Limited the peers are not strictly comparable. However, the above companies are included for broad comparison.
The figures for Vivva Tradecom Limited are based on the restated standalone financial statements for the year ended March 31, 2023.
The figures of Thomas Scott India Limited and Bang Overseas Limited are based on the Standalone financial statements for the year ended March 31, 2022 (filed with BSE Limited, Stock Exchange).
NAV is computed as the closing net worth divided by the closing outstanding number of equity shares. Net worth has been computed as the aggregate of share capital and reserves and surplus (excluding Revaluation Reserves) and as attributable to the owners of the Company.
The P/E Ratio for the peer has been computed based on the closing market price of respective equity shares as on February 01, 2023 sourced from the website of Stock Exchange as divided by the Basic/diluted EPS as applicable.
RoNW is computed as net profit after tax, as attributable to the owners of the Company divided by closing net worth. Net worth has been computed as the aggregate of share capital and reserves and surplus (excluding Revaluation Reserves) and as attributable to the owners of the Company.

Vivaa Tradecom IPO Review by Members

Vivaa Tradecom IPO Reviews, analysis and views by popular members. Read Vivaa Tradecom Limited IPO reviews by retail investors to find recommended ipo to buy.

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Vivaa Tradecom IPO Review Summary by Members

Review By	Apply	May Apply	Neutral	Avoid
Count	1	0	0	1
%	50.00	0.00	0.00	50.00

Member	Review
Dowg Top Contributor (300+ Posts, 100+ Likes)	Apply for Listing Gain at Upper Price Band Very good IPO with sure shot/better chances of allotment considering current euphoria on subscription of good IPO. October 3, 2023 11:46:22 PM
IPO mining (200+ Posts)	Avoid Just look at the numbers and the sector September 27, 2023 8:19:17 PM

Member

Review

Dowg

Top Contributor (300+ Posts, 100+ Likes)

Apply for Listing Gain at Upper Price Band

Very good IPO with sure shot/better chances of allotment considering current euphoria on subscription of good IPO.

October 3, 2023 11:46:22 PM

IPO mining (200+ Posts)

Avoid

Just look at the numbers and the sector

September 27, 2023 8:19:17 PM

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