At 296, PE is 24.5. For reference, Industry PE is ~31, UPL is 21, P I Industries is 58.77
CAGR Revenue Growth: 38%; EBIT Margin 22%; Almost zero debt, Market leader in Certain Chemicals, Exports are growing very fast and account for ~55%;
Fair value of the company may be around 360 as per a quick back of the envelope DCF calculation based on limited data (3 year financials available). This is as per conservative assumptions.
35% in retail, approximately 280 Crore. Cut off price 296. Good company. But only 800 Crore issue, Money blocked in Shyam metallics will be released, expecting 15 times and above subscription in retail.
16. hchc| Link| Bookmark|
June 16, 2021 8:56:36 PM
Top Contributor (300+ Posts, 800+ Likes)
IPO Open : June 23, 2021 IPO Close : June 25, 2021 Basis of Allotment : June 30, 2021 Initiation of Refunds: July 1, 2021 Credit of Shares : July 2, 2021 IPO Listing Date : July 5, 2021
6. P Patel| Link| Bookmark|
June 16, 2021 7:32:48 PM
IPO Mentor (900+ Posts, 900+ Likes)
India Pesticides is the sole Indian manufacturer and among the top 5 producers globally for several Technicals, such as Folpet and Thiocarbamate Herbicide. It is an R&D driven agrochemical manufacturer of Technicals with a growing Formulations business.
Another IPO in this overcrowded month. Investors need to be very picky with them or end up losing their hard-earned money in short/long term. Crow''s priority list based on market sentiments and company financials/growth/valuation:
1. Shyam Metalics (apply with full force) 2. Dodla Dairy (apply) 3. India Pesticides (wait for price band then apply with full force if promoter leaves anything on table) 4. Sona Comstar (easier to get allotment but poor listing gains; apply only if longterm plan) 5. KIMS (too expensive; if extra 15k available, apply once)