when ROE and RONW basically is one and the same thing, why to use average shareholder equity in ROE but not in RONW and depict different % ?? Smoothing out is not needed if that practice is not followed uniformly. Just to show higher KPI's, using different figures for shareholders equity. Same case with CPS Shaper IPO as well.
4.1. CoolAsh| Link| Bookmark|
August 25, 2023 11:12:32 AM
Top Contributor (500+ Posts, 100+ Likes)
The company has also paid a tax of 9.25 crores for the FY 23. I think this one will rock
4.2. CoolAsh| Link| Bookmark|
August 25, 2023 11:18:07 AM
Top Contributor (500+ Posts, 100+ Likes)
Pricing will be the key but I do feel its going to be very aggressive. Phantom is trading at a PE of 35. If thats the yardstick, the offer price is going to be > 200 if not more. Lets see, anyway, allotment is going to be super difficult. @200, it would easily be the biggest SME IPO thus far > 120 crores surpassing Spectrum (no comparisons as I think it will enjoy a good listing)