Never invest any ipo where lead manager will Navigant Corporate Advisors Ltd Lead Manager last 3 IPOs are trading in huge discount totly failed leadmanager.
Carn Mohan I already told u before.however u can use the money to invest in dhruv to get profits and cover ur losses from this one. Next in line from navigant is sirca paints. I hope people learn lesson and not subscribe sirca at all
Listed below issue price at 29.95. as predicted. Congratulation to navigant for 3 continuous listing Badly. Continental seeds then power instrumentation and this one. Next in line Is sirca paints
Laskya is funny. He doesn't know company fundamentals and hasn't studied or gone through prospectus of dhruv and is either eager to buy at good price. Dhruv will be a multibagger in long run. Lol. Keep dreaming as no-one is interested in your comments
If we annualize latest earnings and attribute it on fully diluted equity post issue, then asking price is at a P/E of around 10 thus issue appears reasonably priced. As per offer document it has no listed peers. Although on the basis of scale, they are not comparable in true sense, we may consider main board peers like Thyrocare, Dr. Lal Path that are trading at a P/E of around 38 and 43 (as on 18.04.18 closing).