Market leader in Room Air Conditioners (RAC). 55% market share in RAC. All big companies like Daikin, Hitachi, LG, Panasonic, Voltas, Whirlpool are in client list.
If we look at financial no then clearly growth is seen in revenues. Also RAC segment have good growth potential in India. In future company will deliver good nos. without any doubt. If we annualized EPS of last 3 years then asking price (P/E) comes to 40 times EPS. P/B comes to 5.64.
Though ipo is fully priced. Market condition is good, company shows constant growth and company is market leader in RAC segment. I suggest to apply with full force. Because of huge demand we will see oversubscription in all categories. I suggest retail investor should apply one lot per application. Though allotment is tough but it will give good return on listing and excellent return in long term. Investors should go long on this. In future it should be another Dixon Technologies but investors should have long term horizon. On listing investors will get minimum Rs. 200 to 300 listing gain.
44.1. R R Patel| Link| Bookmark|
January 15, 2018 8:20:00 PM
IPO Mentor (800+ Posts, 3400+ Likes)
You can apply maximum 13 lots i.e. 221 shares amounting Rs.1,89,839 in retail category. But you should apply only one lot because highly chances of over subscription in retail and allotment will be through lottery only so apply only single lot @ cut off.
Can any body tell how can I apply in ipo from Mumbai dahisar from where getting physical forms & submit the same for ASBA account I am from Kolkata staying at currently Mumbai
Avoid this ipo. Buy large cap IT instead of this. Infy looks good at current level. Market is confident in new management. Internal problems between management and founders are gone or not in focus for next 3-4 quarters because most of the board members are appointed indirectly by founders. New management and founders will work together to ensure investors confidence. This will take company in new shape. Sure return of 15 to 20 % within 1-2 quarter. Good dividend is already there.
After getting allotment dnt sell even after listing u can buy it''s a portfolio share. It will be like next maruti Suzuki and it hold more than 51% business in India so keep it in your portfolio