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Dilip Davda and K.M. Global Financial Services Ltd have given "Apply" recommendation to V Mart Retail IPO. Naman Securities and Finance Pvt. Ltd recommend to "Avoid" the IPO. has "Not Rated" the IPO.
Review By | Apply | May Apply | Neutral | Avoid | Not Rated |
---|---|---|---|---|---|
Count | 2 | 0 | 0 | 1 | 1 |
% | 50.00 | 0.00 | 0.00 | 25.00 | 25.00 |
Reviewer | Recommendation | Past Reviews |
---|---|---|
Dilip Davda | Apply | |
K.M. Global Financial Services Ltd | Apply | |
Naman Securities and Finance Pvt. Ltd | Avoid | |
Not Rated |
The Captial Market (CapitalMarket.com) rating for V Mart Retail IPO is 25. Their analysis recommends Do not subscribe for the IPO.
Reviewer | Rating Score | Rating |
---|---|---|
Capital Market | 25 | Do not subscribe |
[Dilip Davda]
On company's performance front, for last three years it has posted an average EPS (Earning per share) of Rs. 5.84 and for first eight months of current fiscal it has earned Rs. 8.61 per share on equity post pre-IPO placement. Its NAV stands at Rs. 61.83 as on 06.01.13. After this issue, its equity will increase to Rs. 17.96 crore and if we attribute these earnings then EPS stands at Rs. 7.28 that brings asking price at a P/E (Price Earnings) of 26.8 to 29.5 based on lower and upper price band and around 3.2 P/BV (Price to book value). Its peers are trading around 56 to 230 P/E thus the issue is priced reasonably. Investment is recommended in this IPO, considering retail play post FDI in multi brand in place.
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