@lokes Sir, thanks for sharing your thoughts on listing of Oriana Power. Since, solar energy is presently a fancy sector, it may list at around double the IPO price as assessed by you but valuations will be quite high then, at 40 PE.
Last year SMEs were available at quite cheap valuations and some of them belonging to fancy sectors have proved to be multibaggers. Insolation Energy @IPO price 38, now 235 and Concord @IPO price 55, now 350.
But presently, SMEs are also being priced so high that buying from open market is very risky bet (not got any allotment this year).
I would be very grateful to you if you can recommend any SMEs from recent pack which are fundamentally strong and available at genuine valuations otherwise I will wait for grace of God for allotment in IPOs.As I was reading in your earlier post, one needs fund of around 1.5 cr to ensure allotment in fancy SME and that is beyond my control.
Sincere thanks to you Sir for all the efforts you put for the benefit of CG Forum Members 🙏🙏