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has given "May Apply" recommendation to PG Electroplast IPO. Dilip Davda and recommend to "Avoid" the IPO.
Review By | Apply | May Apply | Neutral | Avoid | Not Rated |
---|---|---|---|---|---|
Count | 0 | 1 | 0 | 2 | 0 |
% | 0.00 | 33.33 | 0.00 | 66.67 | 0.00 |
Reviewer | Recommendation | Past Reviews |
---|---|---|
Dilip Davda | Avoid | |
Avoid | ||
May Apply |
The Captial Market (CapitalMarket.com) rating for PG Electroplast IPO is 20. Their analysis recommends Do not subscribe for the IPO.
Reviewer | Rating Score | Rating |
---|---|---|
Capital Market | 20 | Do not subscribe |
[Dilip Davda]
On fully diluted equity post this IPO, the EPS stands at Rs.10.22 and on this basis, the issue is priced at a P/E of 18.6 to 20.5 based on lower and upper price band. Considering NAV of Rs. 40.92 as on 31.3.2011, the asking price is at an average of 4.9 P/BV. The issue looks aggressively priced and hence worth giving a miss.
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