Category: IPO/FPO ANALYSIS
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Happiest Minds IPO – Ride the Digital Wave
Date 05th Sept 2020; IPO Opens 7-9th Sept at ₹165-166/share Valuations: P/E 34 times FY20, P/B 7.6 times (Post IPO) Small Cap: ₹ 2,438 Mkt cap Sector – IT Services Advice: SUBSCRIBE Here is a note on Indian Happiest Minds Technologies Ltd (HMT) IPO. Summary Key Strengths: HMT is a small but fast growing IT services…
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Rossari Biotech IPO – Growth and Good Chemistry
Date 11th July; IPO Opens 13-15th July at ₹423-425/share Small Cap: ₹ 2,200 Mkt cap Sector – Specialty Chemicals Valuations: P/E 30.7 times TTM, P/B 6.9 times (Post IPO) Advice: SUBSCRIBE Summary Overview: Rossari Biotech is a leading Indian textile and specialty chemical firm. Revenues, EBITDA and profit for FY20 were ₹ 603.8 cr., ₹…
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SBI Cards – IPO is an Easy Transaction
IPO Opens 2-5th Mar at ₹750-755/share Large Cap: ₹ 71,000 cr. Mkt cap Sector – BFSI, Credit Cards Valuations: P/E 51.4 times TTM, P/B 14.6 times (Post IPO) Advice: SUBSCRIBE Summary Overview: SBIC offers credit cards to individual cardholders and corporate clients for a range of lifestyle, rewards, travel and fuel and shopping needs. SBIC…
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IRCTC IPO – A Matter of Convenience – Pre Listing Note – Premium
Date: 11th Oct, 2019 Mid Cap – ₹ 5,120 cr. Mkt cap Industry: Railway PSU IPO Price – ₹320 /share We had published an investment report IRCTC IPO – A matter of convenience. The response to the offer was excellent, with an 112 times subscription. The IRCTC IPO lists on Mon 14th Oct. Jainmatrix Investments…
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IRCTC IPO – A Matter of Convenience
Date 29th Sep 2019 IPO opens 30th Sep -3rd Oct at price range ₹315-320/share Industry – Railways PSU Mid Cap: ₹ 5,120 cr. Mkt cap Valuations: P/E 18.8 times TTM Advice: SUBSCRIBE with a 2 year perspective Summary Overview: Railways are undergoing a dramatic transformation to improve service levels, technology, outsource and grow faster. Subsidiaries…
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Spandana Sphoorty Financial IPO – A Spunky Player
Date 06th Aug; IPO Opens 5-7th Aug at Rs. 853-856 Valuations: P/E 17.6 times TTM, P/B 2.4 times (Post IPO) Mid Cap: Rs. 5,505 cr. Mkt cap Industry – NBFC MFI Advice: SUBSCRIBE Overview: Spandana is a rural focused NBFC-MFI with a geographically diversified presence in India. It offers income generation loans under the joint…
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RVNL IPO – Railways’ Growth Engine
Industry – Railway Transportation PSU in PMC space Mid Cap of Rs. 4,000 crore IPO Opens 29th Mar – 03rd Apr 2019; Price range Rs. 17-19/share Valuations: P/E 6.9 times TTM; with a discount for Retail investors Advice: SUBSCRIBE for listing gains Summary Transportation Infrastructure is a crying need in India. With Airlines, Roads and…
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