September 7, 2011 - September 12, 2011

PG Electroplast IPO Review & Recommendations

has given "May Apply" recommendation to PG Electroplast IPO. Dilip Davda and recommend to "Avoid" the IPO.

PG Electroplast IPO Review Summary from brokers and analysts

Review By	Apply	May Apply	Neutral	Avoid	Not Rated
Count	0	1	0	2	0
%	0.00	33.33	0.00	66.67	0.00

PG Electroplast IPO Analysis By Brokers/Analysts

Reviewer	Recommendation	Past Reviews
Dilip Davda	Avoid
	Avoid
	May Apply

PG Electroplast IPO Capital Market Rating

The Captial Market (CapitalMarket.com) rating for PG Electroplast IPO is 20. Their analysis recommends Do not subscribe for the IPO.

Reviewer	Rating Score	Rating
Capital Market	20	Do not subscribe

PG Electroplast IPO Review by Dilip Davda (Avoid)

[Dilip Davda]

On fully diluted equity post this IPO, the EPS stands at Rs.10.22 and on this basis, the issue is priced at a P/E of 18.6 to 20.5 based on lower and upper price band. Considering NAV of Rs. 40.92 as on 31.3.2011, the asking price is at an average of 4.9 P/BV. The issue looks aggressively priced and hence worth giving a miss.

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