When a stock like Tata Steel is available @ < 6x P/E,why should someone buy Speciality Restaurants @ 40x PE? I am not saying that is issue is not going to fully subscribed..But cant understand the logic..
If you understand logic then you will be richer in stock market? do not apply logic .try your luck in IPO. TATA steel will raise back to 600 in next year but are you ready to buy it today?
I think it neither luck nor the king of logic is applicable here. A stock like Tata Steel is cyclical. It's profitability is suject to economic situation. It has reported losses in early 2000s. Profitability doesnot show a consistent growth but is fluctuating. Whereas we all know restaurant business yields good profit if there is a good brand. I expect 10 eps in FY14 going by the consistent growth in profit during the past and there is no reason it should not grow further if you look at India's demographic situation.
compay meight have bribed those anchor invesotrs(mutual fund managers), so that in this bad markets where their job itself is insecure and hence to increase their bank balance...
This IPO should not be compared with jubilent. Rememebr jubilent was issued at 145(PE of 15) and now at 1100 it is at PE of over 100, whereas SRL is asking PE of over 40 times now itself(even with cookedup results for bad market condition and IPO. So one should be careful before investing.......
dont compare this ipo with jubliant foods , jubliant has global brands like dominos but rs 700 crore for a restaurent company complete fooling investors i will not buy even at half price
if you earn money in stock market 9.15 is the time,as per time you can go in gym in the evening and eat less pizza and go to main land china at night enjoy money