IndiaMART InterMESH Limited IPO Message Board (Page 12)

Market Cap at issue price is 2800 Crores ... Adjusted PAT for FY'19 is approx. 80Crs (the Management called it Adjusted PAT - don't know what they meant)

It is a Negative Working Capital company - as they collect subscription in advance for 1-3 years...they have Deferred Revenue on their BS due to this ... as a result almost 10% of their Topline is other income for FY'19

Problem is how to value this as there are no listed peers in global space.

Any grey market price??

https://www.financialexpress.com/market/stock-market/indiamart-intermesh-ltd-stock-price/financials-profit-and-loss/

The profit shown is on account of
Profit Before Tax       -601.00
Provision for Tax      -1149.00
Current Income Tax       2.00      
Deferred Tax -1150.00
Other taxes -2301.00
Profit After Tax 548.00

The promoters had already killed the Retailers hope of a good IPO after a long time by pricing the shares at such a huge Price band
Looks like nothing for Grey market
Just capitalizing on the Election result & current market ?

I agree. And the business model isnt unique either

Loss making company so clearly avoid at any given price

Earlier it intends to raise 580 cr. Now issue size is reduced to 420 cr.

Issue opens 24 to 26
Price 970 to 973
Lot 15 shares
It coming at a pe of 125.

Can be compared to JustDial ?

Loss making Company.
since last 5 years company making losses, but losses gradually decreasing year by year.
lets see what will be the issue price.

Expected issue price?

Tentative news *INDIA MART IPO*
Date - 24 - 26 june
IPO size - 500 crore
Price - 970-973
Lot size 15

Loss making COMPANY. ASKING TH
E ISSUE PRICE AT Rs.970-973. Not understandable. Lot size is 15 SHARES. OPENS ON 24-26 JUNE,19. Let us see........

ISSUE PRICE MAY BE FIX AT Rs.1400
Translates into 2018 eps it becomes 70 pe

Retail portion is 10%

2016 and 2017 are loss making company
2018 Eps 20 but book value is negative 322.
RONE 17%
No listed peers.
Company is backed by Intel Capital, Amadeus and Accion Frontier

Loss making compy wants profit from ipo proceeds!!!!