Thinksoft looks very normal with respect to profits,PE etc. Actually there are lots of companies in BFSI making gud money and at low valuation. For example 3i infotech etc. Only thing that will really work wonders for this issues is its size.... the issue is just for 35 lakh shares and worth 50 crores....so i have a feeling that this share can be manipulated very easily .See the case of Alkali metals ... it issue was also for 25 lakh shares which is very very small..
ki jo bole tulsian, karo ulta to ho kalyan...sirf technical aur banawati language bol kar topi laga raha hai..jo bhi khisha bar diye tuls....usi ke ho liye....araybhai ye public hai ye sab jaanti hai....see udy... and see mita....
Thinksoft average IPO,it is insider news that promoters are buying Alok industries very havey quantity,and some institutions also acumulating this stock,its rate shoot up above 40 in a very little time.
Fully diluted EPS is ~14Rs. If you remove this year other income (3cr.- due to exchange gain) the EPS falss to Rs.10. That means PE comes to 14. This kind of company plenty avaialbe at 3 to 5PE. Also there will not be any profit growth this year. Most of the IPO money going to Selling shareholder (PE fund). If copany is going to earn great earning for us why should this PE guy exist at IPO time. Stay Away - Isuue is very very expensive and will be available at 50 -60Rs. after some time