Jalan Transolutions (India) Ltd IPO Message Board (Page 3)

Galabha

You view on jalan trans issue

Whether to apply or not ?

Navigant''s latest two issues, KMS Medisurge and Pure Giftcarat have been performing miserably.
So I will avoid this one also.

It is Sarthi capital IPO too, to my knowledge, Sarthi Capital is leading it!

Koi dum nahi hai

Good Ipo subscribe

Premium kitna h

Plz bhav

Balance Sheet (Rs.in Crs.)
Year      Mar 16      Mar 15      Mar 14      Mar 13
Share Capital      7.13      6.87      5.57      5.57
Reserves & Surplus      6.35      3.44      2.75      2.05
Total Shareholders Funds      13.48      10.31      8.32      7.62
Secured Loans      62.13      55.41      54.36      34.61
Unsecured Loans      4.83      3.33      1.91      1.52
Total Debt      66.96      58.74      56.27      36.13
Total Liabilities      80.44      69.05      64.59      43.75
Gross Block      35.54      38.45      34.76      25.61
Less: Accum. Depreciation      0.00      0.00      0.00      0.00
Net Block      35.54      38.45      34.76      25.61
Capital Work in Progress      0.58      0.50      9.06      0.01
Investments      0.67      0.60      0.05      0.02
Inventories      1.11      0.65      0.00      0.00
Sundry Debtors      39.71      29.85      21.87      14.39
Cash and Bank Balance      0.44      0.29      0.17      0.43
Loans and Advances      7.51      2.74      2.60      6.96
Current Liabilities      4.28      3.79      3.74      2.99
Provisions      0.85      0.26      0.18      0.68
Net Current Assets      43.64      29.48      20.72      18.11
Miscellaneous Expenses not w/o      0.00      0.00      0.00      0.00
Total Assets      80.43      69.03      64.59      43.75
Contingent Liabilities      0.00      0.00      0.00      0.00

Cash flow analysis (Rs.in Crs.)
Year end      Mar 16      Mar 15      Mar 14      Mar 13
NOPAT      8.85      4.24      4.68      3.54
Operating cash flow      4.24      6.91      13.29      5.68
Free cash flow      4.30      10.64      41.19      17.80

Key financials (Rs.in Crs.)
Year end      Mar 16      Mar 15      Mar 14      Mar 13
Net sales      114.68      92.68      73.90      46.83
Operating profit      20.35      16.35      15.94      10.90
Net profit      2.92      0.69      0.70      1.18
Equity cap pd      7.13      6.87      5.57      5.57

Is it good to apply... what can be expected rate on debut?

This company is a market leader in transportation , a well known brand & merits investment.

Looking to he Financials i think Grey Market price should be 10 to 12 Rs Minimum. In Peer comparison also company looks attractive. Correct P/E multiple should be for this company should be 20+ so if we consider FY 2018 Earnings comes to 4 Rs per share than Reasonable trading price should be 80 Rs so initially the Market price should be around 60 to 65. So Grey Market price of 12 Rs is justified here.