Please stay away from this ipo. Company recently lost major projects. These projects has more than 150 people. This year company decided not to give appraisal. Company is in financial trouble. This is the reason company is coming with IPO. You have very good choices available in big IT companies with same P/E.
At present company''s focus is in employee reduction. No new projects. Lost major projects recently.
Fy16 post issue PE ratio ~@11 only, if PE expected @15 vs industry PE of 18, In that case issue is expected to give good return in short period and as the performance of FY17 is also good which will further result in lowering of PE at current price of 58. Looks to be a good ipo for short as wel as long term perspective.
Fy16 post issue PE ratio @11 only, if PE expected @15 vs industry PE of 18, In that case issue is expected to give good return in short period and as the performance of FY17 is also good which will further result in lowering of PE at current price of 58. Looks to be a good ipo for short as wel as long term perspective.