Apex Frozen Foods Ltd IPO Message Board (Page 37)

Issue Detail:

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.

& this has been beautifully explained by Uchit Patel & Septaji in case of SIS

Dear moderator,
Please update the financials of company and it is requested that the financial data must be provided in crore instead of million.

Thank you.

Thank you Team Chittorgarh for providing financial data in Crore instead of million. It''s easy to analyse.

I agree

120 per share return will get fill it with full force

Apply full force see the company assets, turnover and profit.

avoid......

As far as market sentiment is concern, 175 is still fair price to apply this IPO and Dil ki awaz ko aap apne Dil me hi rehne dijiye sir

thanx sir for your suggestion it means we should apply 👌 ok

where is all experts like septa,egeleye, Uchit, Gamble, khemka, Neotrade, Nidhike.
please come.

Stock is available at 21 PE Compared to its peers Very less.

Avanti feed is in to both business, shrimp feed ( 88 % revenue ), processed shrimp ( 12% revenue ).
& Avanti feed is trading < 17 PE FY18 ( 2/3rd of FY 17 profit achieved in Q1FY18 itself ) :)

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.

Script Fair Price*** Market Price Premium

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

SALASAR IPO was also a T group listed entity.
I will must apply.

I will too

Avoid this IPO another SIS. Only revenue generating company profit margin is around3% only

SIS had a very high valuation but Apex is fairly valued.

Shankara was rewarded due to fair price in spite of low margin business.

Let''s see where market is headed next week, then to decide apply or not.

But valuation is appealing in this IPO.

Listing gain may or may not be attractive,but 175 is fair price to invest

Peer Group Comparison:

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.

As per RHP,

Avanti feed 34x
Water base 29x
Zeal aqua 100x

As per me as on June 2017(TTM)

Avanti feed 29x (consolidated)
Water base 24x (standalone)
Zeal aqua 100+ X (standalone)

Apex multiple at 17.2x...

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.

Meraumber9414188665 इस नंबर को ऐड करो कृपया करके

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.

sir,

GMP Means???

Estimated listing gain per share.
It keeps on changing based on various factors like Anchor investors, subscription details, market sentiments etc.

GMP means grey market premium

registrar is Bigshare Services Pvt. Ltd.
will list in t-group

Apex may be list at 250 to 300

Eagle eye put some light on this IPO whether we should apply its or not .
Thanks

best company

friends good morrning to all
Lets discuss to financial perforace of APEX FROZEN FOOD.