February 1, 2013 - February 5, 2013

V Mart Retail IPO Review & Recommendations

Dilip Davda and K.M. Global Financial Services Ltd have given "Apply" recommendation to V Mart Retail IPO. Naman Securities and Finance Pvt. Ltd recommend to "Avoid" the IPO. has "Not Rated" the IPO.

V Mart Retail IPO Review Summary from brokers and analysts

Review By	Apply	May Apply	Neutral	Avoid	Not Rated
Count	2	0	0	1	1
%	50.00	0.00	0.00	25.00	25.00

V Mart Retail IPO Analysis By Brokers/Analysts

Reviewer	Recommendation	Past Reviews
Dilip Davda	Apply
K.M. Global Financial Services Ltd	Apply
Naman Securities and Finance Pvt. Ltd	Avoid
	Not Rated

V Mart Retail IPO Capital Market Rating

The Captial Market (CapitalMarket.com) rating for V Mart Retail IPO is 25. Their analysis recommends Do not subscribe for the IPO.

Reviewer	Rating Score	Rating
Capital Market	25	Do not subscribe

V Mart Retail IPO Review by Dilip Davda (Apply)

[Dilip Davda]

On company's performance front, for last three years it has posted an average EPS (Earning per share) of Rs. 5.84 and for first eight months of current fiscal it has earned Rs. 8.61 per share on equity post pre-IPO placement. Its NAV stands at Rs. 61.83 as on 06.01.13. After this issue, its equity will increase to Rs. 17.96 crore and if we attribute these earnings then EPS stands at Rs. 7.28 that brings asking price at a P/E (Price Earnings) of 26.8 to 29.5 based on lower and upper price band and around 3.2 P/BV (Price to book value). Its peers are trading around 56 to 230 P/E thus the issue is priced reasonably. Investment is recommended in this IPO, considering retail play post FDI in multi brand in place.

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