Navkar Corporation IPO is being issued at 30 PE on a fully diluted basis.
Another company called Kesar Terminal which is also similar to Navkar trading at 13PE range and it''s subsidiary Kesar Multimodal Logistics is a composite logistic hub in powerkheda that has been inagurated. Can the Navkar IPO give some value discovery and momentum to KTIL.
I agree with most of u. Issue is very steeply priced and no point in investing in a company that is operating at such low margins. But I strongly feel the issue will be oversubscribed just like Penner and Pushkar...
Lot Of first timer commenting positive abt this issue which gives a big red flag that the forum s infested with dull-witted contributor plus reason for this IPOs as the best thing ever red flag avoid avoid