Feedback Message Board

" IT IS A greedily priced OFFER "
mo** f** are demanding market cap of 77Cr with average 5 years profits are only around 50 lacs ....lol... PE around 150.
What merchant bankers have been thinking ? they think markets are fool and they will be able to mint money from investors in today''''s euphoria.
moreover their prime application is used by MR''''s in pharma companies which after the ban by gov on branded prescription drug will go into toss ... who is going to by their app now ?

best part is they have given numbers only up to jun - 16 when the bans were not effective , trying to hide bad numbers and worse is that too demanding really high valuations.

Lets make this IPO fail don''''t subscribe if you don''''t want to lose lacs of Rs.

IT IS A GREEDY PRICED OFFER - Merchant bankers must be smoking ...

mo** f** are demanding market cap of 77Cr with average 5 years profits are only around 50 lacs ....lol... PE around 150.
What merchant bankers have been thinking ? they think markets are fool and they will be able to mint money from investors in today''''s euphoria.
moreover their prime application is used by MR''''s in pharma companies which after the ban by gov on branded prescription drug will go into toss ... who is going to by their app now ?

best part is they have given numbers only up to jun - 16 when the bans were not effective , trying to hide bad numbers and worse is that too demanding really high valuations.

Lets make this IPO fail don''''t subscribe if you don''''t want to lose lacs of Rs.

51 Cr Market cap
i would take average earning as 2 Cr

i.e, priced 25 times.

accounting looks too good to be true and the company is from Gujurat so risk savvy cash surplus investors may consider...