Issue Open: 22 Aug- 24 Aug 2017 Issue Price: Rs. 171 - Rs. 175 Per Equity Share Market Lot: 80 Shares Min. Investment Amount: Rs. 14,000. Minimum Order Quantity: 80 Shares Retail Allocation: 35% Issue Type: Book Built Issue IPO Issue Size: 87,00,000 Equity Shares of Rs. 10 aggregating up to Rs. 152.25 Cr Face Value: Rs. 10 Per Equity Share Listing At: BSE, NSE Finalisation of Basis of Allotment: 30 Aug 2017 Initiation of refunds: 1 Sep 2017 Transfer of shares to demat accounts: 1 Sep 2017 Listing Date: 4 Sep 2017 Listing In "T" Group Segment Earnings Per Share (EPS): Rs. 10.17 Price/Earnings (P/E) ratio: 16.8 - 17.2 Return on Net Worth (RONW): 25.22% Net Asset Value (NAV): Rs. 40.32 per share
Lower PE of a company than that of its close peer indicates that the shares of the company are available at cheaper rate. But in every case this comparison may not work because of some other factors such as difference in business models of two peers, Growth rates, RONW, ability to generate cash flows etc.
Avanti Feeds is market leader in their Feed business. Apex is no way comparable with Avanti Feeds. Avanti Feeds is a multibagger with very strong and steady performance. Lets see how this IPO goes.
APEX FROZEN 138 175 1.27 AVANTI FEEDS 771 1647 2.14 THE WATERBASE 80 108 1.35 ZEEL AQUA 65 423 6.51
We shall ignore Zeal Aqua in calculating average premium as it is highly priced at a premium of 6.51 times of fair price. Zeal Aqua has also not paid any dividend
Considering average premium of two listed companies of 1.7 times, Fair Value of Apex Frozen works out at Rs 235 per share
***Fair price is calculated on the basis of NAV, Dividend, EPS, and Return on Net Worth of respective companies
Avanti Feeds Limited: Turnover Rs. 2018.29 Crores & commands PE Multiple of 19.75 The Waterbase Limited: Turnover Rs. 318.63 Crores & commands PE Multiple of 496.11 Zeal Aqua Limited: Turnover Rs. 121.28 crores & commands PE Multiple of 49 Apex Foods Limited: Turnover Rs. 608.27 crores & the Share at upper price band is offered at PE Multiple of 21.79 9 based on 2015-16 Earnings.
I will definitely go for this ipo, it may or may not give listing gain but due to its attractive PE as compared to its PEERS,175 is quite reasonable price to buy this stock.
As i m beginner in this field so please anybody let me know about the chances of Apex frozen food IPO. As i already alloted shares of SIS so i am quite worried whether to buy apex of not? It will be great if someone advise me as i already had some initial loss in SIS.
Mr Rajat. No body can teach u sharemarket. It all depends on your luck,timings and your decision. I did not applied for SIS but purchased from market and suffering a loss of 6000/- Cochin has given me a profit of 3200/- Adjusting loss with profit nothing else. Remember all depends on your decision and luck.