Shri Krishna Prasadam Ltd IPO (Shri Krishna Prasadam IPO) Detail

Should we invest money in SREI Infra finance Ltd

Hello,

Can anyone give an idea on IPO SREI Infra finance Ltd. which ends on June 9th 2014. Price band is 1000/-

MAY THI LIST AT MORE THAN 50% AND MAY GO UP > 200%

KCSL AND ANISHA LISTED AT 50% MORE THAN ISSUE PRICE.

AGRIMONY LISTED AT 15 . WHAT WILL BE THE LISTING PRICE OF Shri Krishna Prasadam

www.shrikrishnaprasadam.com

DEAR DILIP SIR,

HOW TO FIND EPS? SKPL is was originally engaged in the business of manufacturing, exporting and supplying gemstones, stone jewelry, rudraksha beads, Shivlings, Shri Yantras, Sphatic Ganesha, Rudraksh Pendant, Rudraksh Mala etc. Due to hike in Gold import duly leading to sluggish trends in business, the company mulls to diversify in the business of real estate, consultancy services and agricultural activities. To finance this and raise long term working capital, the company is issuing 2160000 equity share of Rs. 10 each at par. Issue is lead managed by Sobhagya Capital Options Ltd. and Skyline Financial Services Pvt. Ltd. is the registrar to the issue. Post allotment shares will be listed on BSE SME.



On performance front, for the fiscal 2011-12 and 2012-13 the company posted an EPS of Rs. 0.03 and 0.01 respectively. For the first 10 months of current fiscal ended on 31.01.14 it has earned net profit of Rs. 0.03 crore on a turnover of Rs. 1.69 crore.



After initial allotment of 10000 shares at par, the company issued 1343595 equity shares at a price of Rs. 20.50 between 12.12.2013 to 29.01.14 and on 31.01.14 it issued bonus shares in the ratio of 1 for 1 to take the paid up equity to Rs. 2.71 crore that will rise to Rs. 4.87 crore post this issue. If we attribute current earning on annualized basis on enhanced equity post this IPO, then EPS stands at Rs. 0.01 translating in asking price at par at a P/E of 1000. Minimum application is to be made for 10000 shares and in multiples thereof, thereafter. As no company can issue shares below par value, investors might get tempted for this offer, but considering fundamentals, it looks pricy even at par.

How to know subscription status

May give good listing gain

I don''t think so. 1) See objects. 2) Company incorporated in 2009 & diversifying business. 3) We don''t know whether they have well experience in real estate & agricultural trading business.