transwarranty finance limited is the good ipo.He is listed in the marked on 26th feb.He is listed in NSE is 80-85 and in BSE is 78-83.HE is very good performed in the market. But donot invest in the long term investment in this company.
HI I PERSONALLY THINK THIS IS GOT THE WORST RATING AND IT WILL LIST LIKE THE CAS OF CAIRN LTD.SO BETTER AVOID IT AND SUBSCRIBE FOR FIRSTSOURCE IT IS VERY GOOD.
Please provide your valueations about new IPO's, People are so crazy and one will says it is a good issue and the other says it is worst... Finally persons like us are in confusion... So please provide your Valuations too in feature for all IPO's
Transwarranty Finance Ltd (TFL) is one such small sized financial intermediary, with an annual sales turnover of Rs 5.28 crore and net profit of Rs 2.47 crore in FY06.
On the pricing end, based on the upper price band, on listing the stock will have a market capitalisation of Rs 77 crore. This cannot justify a revenue base of Rs 5.28 crore in FY2006.
On the price band of Rs 48-55 the issue is offered at a P/E multiple of 20-24 times to its annualised earnings of FY07 on post issue capital and 1.6 times to its book value of Rs 33.28. Considering its low presence and turnover base, the issue at current valuations does not seem very lucrative. And these valuations are still needed to be looked in the light of the concerns and uncertainty looming over its business model.