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1. Dilip Davda   I Like It. |Report Abuse|  Link|February 3, 2018 9:50:36 AMReply
According to management, they have better performance in second half every year. Based on this assumptions, even if we take FY17 earnings and attribute it on fully diluted equity post issue, then asking price is at a P/E of around 41 thus making it a costly offer. Despite issuing shares in the price range of Rs. 500 to Rs. 1079 per share, promoters average cost of acquisition of share is Rs. 1.63 per share and they want public to subscribe at Rs. 115 per share. Due to these aspects, I maintain my conclusion as "Avoid".