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September 30, 2011 - October 5, 2011

Indo Thai Securities IPO Review & Recommendations

Dilip Davda recommend to "Avoid" the IPO.

Indo Thai Securities IPO Review Summary from brokers and analysts

Review By Apply May Apply Neutral Avoid Not Rated
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Indo Thai Securities IPO Analysis By Brokers/Analysts

Reviewer Recommendation Past Reviews
Dilip Davda Avoid

Indo Thai Securities IPO Review by Dilip Davda (Avoid)

[Dilip Davda]  Avoid. For the fiscal 2010-11 it posted net profit of Rs. 1.06 crore on a total income of Rs. 4.55 crore resulting in an EPS of Rs. 1.77 on existing capital. If this is applied to enhanced equity post this issue, then it stands at Rs. 1.06 and thus the asking price is at a P/E of 70 to 84 and on a NAV of Rs. 12.94 it is being made at a 5.5 to 6.5 P/BV and is a costly bet. Read detail review...

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