I don''t understand why the hell, it lists in MT Group. Reason for lack luster listing is intraday not allowed. Traders normally shy away from T2T group. Fron now on if this rule is applicable to bse sme, then I will avoid subscribing in bse sme. I request all forum friends to boycott all bse sme ipo''s
123. Johny| Link| Bookmark|
February 21, 2018 8:43:49 AM
IPO Mentor (700+ Posts, 1000+ Likes)
Word of caution. This change of circuit could be to trap retail. Remember what happened to Apollo Microsystems recently. Indicative is around 50 and lot of sellers.
122. Sinewave| Link| Bookmark|
February 21, 2018 8:07:38 AM
IPO Mentor (600+ Posts, 300+ Likes)
119. Sinewave| Link| Bookmark|
February 21, 2018 7:09:46 AM
IPO Mentor (600+ Posts, 300+ Likes)
From DRHP:
Price to Earnings (P/E) ratio in relation to Issue Price of `45 per Equity Share of face value of `10 each: Particulars P/E Ratio Based on Basic & Diluted EPS, as restated for FY 2016-17 8.96 Industry P/E* Highest 275.50 Lowest 3.30 Industry Average 40.06 * Source: Capital Market (Magazine), Issue: Dec 18-Dec 31, 2017, Volume: XXXII/22; Segment Food-Processing-Indian:
119.1. Sinewave| Link| Bookmark|
February 21, 2018 7:12:05 AM
IPO Mentor (600+ Posts, 300+ Likes)
Page 67:
6) Comparison with other listed companies/Industry peers: Companies Face Value (`) NAV (`) RoNW (%) EPS (`) (as on March 31,2017) P/E Ratio Tasty Dairy Specialities Ltd. 10 38.24 13.12% 5.02 8.96 Peer Group: Prabhat Dairy Ltd. 10 70.46 6.82% 2.80 76.61 Hatsun Agro Product Ltd. 1 22.81 38.60% 8.60 96.50 Kwality Ltd. 1 47.07 17.38% 6.90 16.14 (Source: Audited Financial Results for the year ending March 31, 2017 as available on www.bseindia.com and for calculating P/E ratio and Market Price as on January 02, 2018 is considered) Note: (i) The figures of Our Company are based on the restated results for the FY ended March 31, 2017. (ii) The figures for the Peer group are based on Standalone Audited Results for the FY ended March 31, 2017.
119.2. Sinewave| Link| Bookmark|
February 21, 2018 7:13:35 AM
IPO Mentor (600+ Posts, 300+ Likes)
Net Asset Value (NAV): Particulars Amount (`) Net Asset Value per Equity Share as of March 31, 2017 38.24* Net Asset Value per Equity Share after giving effect of Bonus issue of Shares 24.57 Net Asset Value per Equity Share after the Issue 30.00 Issue Price per equity share 45.00 * The Face Value of the Equity Shares `100. However, the same has been considered as face value of `10 per Equity Share. Note: (i) The Face Value of the Equity Shares `10. (ii) NAV per Equity Share has been calculated as Net Worth as divided by number of Equity Shares.
118. Sinewave| Link| Bookmark|
February 21, 2018 5:21:00 AM
IPO Mentor (600+ Posts, 300+ Likes)
Bullish app:
EPS: 5.02/3.01 PE ratio: 8.96 RONW: 13.12 NAV: 38.24 Minimum PE of listed peers trading: Kwality : 16
Price Possible: 5.02*16= 80
Please correct if any:.......
RR
117. Sinewave| Link| Bookmark|
February 21, 2018 5:11:27 AM
IPO Mentor (600+ Posts, 300+ Likes)
s per review by DD Sir:
If we annualize latest earnings and attribute it on fully diluted equity post issue, then asking price is at a P/E of around 19 against listed peers trading at Kwality (16), Prabhat Dairy (76) and Hatsun Agro (96)
@sinewave, This is new SME listing in MT Group. Last listing focus didn''t list in MT Group.
This is not fair for TASTY DAIRY share holders. Let''s hope price discovery happens at higher price. Let''s hope for Astron paper like price discovery.
What will be indicative price or list price will be ? From my view it will be Rs 65. Views of Umang, sectheta,rvr,splendid are invited as it will list like astron,Apollo microsystems on bsesme exchange.
2. Trading Members are requested to note that the above security will be available for trading in continuous trading session.
NOW:
2. Further the trading members may please note that the above mentioned scrip will be a part of Special Pre-open Session (SPOS) on Wednesday, February 21, 2018. For further information on SPOS, the trading members are requested to refer to the Exchange’s notice no. 20120216-29 dated February 16, 2012 on Enabling Special Pre-open Session for IPO’s & Relisted Scrips.
It seems that normal trading will be resumed only after price discovery.
ie. from 10:00 AM onwards. as given in notice:
2. Further the trading members may please note that the above mentioned scrip will be a part of Special Pre-open Session (SPOS) on Wednesday, February 21, 2018. For further information on SPOS, the trading members are requested to refer to the Exchange’s notice no. 20120216-29 dated February 16, 2012 on Enabling Special Pre-open Session for IPO’s & Relisted Scrips.