Salasar Techno Engineering Ltd IPO Message Board (Page 57)

2. MITTAL |   Link | Jul 6, 2017 10:13:40 PM
IPO Mentor IPO Mentor (500+ Posts, 1100+ Likes)
Number of share for RII
1. ShareView |   Link | Jul 6, 2017 10:00:10 PM
IPO Guru IPO Guru (1300+ Posts, 2400+ Likes)
Dilipbhai Dawda''s Review much convincing

Top Line - Bottom Line

On performance front, the company has (on consolidated basis) posted turnover/net profits of Rs. 292.57 cr. / Rs. 6.26 cr. (FY14), Rs. 330..36 cr. / Rs. 6.32 cr. (FY15), Rs. 310.20 cr. / Rs. 11.18 cr. (FY16) and Rs. 384.64 cr. / Rs. 20.74 cr. (FY17). For last three fiscals, it has posted an average EPS of Rs.15.17. For FY 17 it has posted an EPS of Rs. 20.83. If we attribute latest earnings on fully diluted equity post issue then asking price is at a P/E of 6.8 plus and at a P/BV of 1.12. Last three fiscal’s average RoNW is 17.36 %. Peers are trading at a P/E of 18 plus. Thus issue is pricing is reasonable.

On merchant banker’s front, this is the first IPO for main board from its stable. It brought 28 SME IPOs since 2012 and out of last 10 IPOs listings, only 1 IPO opened below the offer price.

Conclusion: Issue is reasonably priced. But its initial listing (due to offer size below Rs. 250 crore) will take place in “T” group, which will remove speculative aspect for the issue. However, investors may consider investment for medium to long term.

>>>>This IPO is pure LOTTERY..💶💷💸💱