IPO Review & Analysis Report

Open free Demat Account and Start Trading in 15 Minutes. Join our 1 Million+ Happy Customers

Saturday, November 30, 2019 SUBSCRIBE
Outlook & Valuation: At the upper end of the price band, USFB is valued at 2.8x its Q2FY2020 book value (Pre-IPO) and on post dilution basis at 2.3x of BV, which we believe is attractive considering similar businesses are trading at higher valuations. Moreover, experienced management, Pan-India presence, and pristine asset quality provides comfort. We …
Thursday, November 21, 2019 NEUTRAL
Outlook & Valuation: At the upper end of the price band, CSB Bank demands Adj. PB multiple of 2.4x of Q2FY2020 Adj. book value, which we believe is expensive considering the investment concerns. Similar banks are trading at lower valuation than CSB and have better return ratio (DCB Bank at P/ABV of 1.73x, Federal Bank …
Friday, September 27, 2019 SUBSCRIBE
At the upper end of the price band, IRCTC demands PE multiple of 18.8x of FY19 EPS. Recent tax reduction by Government to 25.2% and increase in revenue from service charge for online ticketing will improve profitability substantially going forward. There is also significant opportunity for the Company to ramp up the catering business given …
Monday, August 5, 2019 Neutral
Outlook & Valuation: At the upper end of the price band, SWSL demands PE multiple of 19.57x FY19 EPS which we feel is expensive given no significant competitive or technology advantage. Lack of listed peers makes comparison difficult. High growth rate in Solar PV installation is expected to slow down post 2019. Considering the fact …
Saturday, August 3, 2019 SUBSCRIBE
Outlook & Valuation: At upper end of the price band, SSFL is valued at 2.7x of FY2019 BV (Pre-IPO) and on post di lution basis at 2.4x of Book value, whereas close peers i.e. CreditAccess Grameen is trading at 3x FY2019 BV. Given SSFL’s successful exit from CDR in March 2017, healthy NIM, return ratio …
Monday, July 29, 2019 Neutral
At the upper end of the price band, AIL is valued at PE multiple of 37.1x of FY19 EPS. AIL has no listed peers in India. International peers such as Trade Desk and Criteo trades at 129 & 14 PE respectively. Considering the inherent risk in the business, we have a NEUTRAL view. Investors with …
Thursday, June 27, 2019 NEUTRAL
K.P.R. Agrochem Limited (K.P.R) is an agri-input Company focused on manufacturing, distribution and retailing of a wide range of crop yield enhancing and protection products. It has 3 manufacturing facilities. Fertilizers segment contributes around 60% of revenue, pesticides around 25% of revenue followed by chemicals & seeds contributing 10% & 5% of revenue respectively. …
Friday, June 21, 2019 NEUTRAL
Outlook & Valuation: At the upper end of the price band, IndiaMart demands PE multiple of 33x of FY19 EPS (post adjustment on account of FVTPL expense). Considering the investment concerns, we believe investors should wait for price discovery before taking any investment decision. Hence, we have NEUTRAL view on the issue.
Tuesday, April 23, 2019 Neutral
Outlook & valuation: In terms of valuations, PE works out to be 31x annualized FY19 EPS of `7 post listing (at the upper end of the issue price band) and there is no listed peer available with similar products for comparison. Moreover, NCL is operating at optimum level of utilization and company has not planned …
Thursday, April 4, 2019 Subscribe
Polycab India Ltd (PIL) manufactures and sells a diverse range of wires & cables. The company’s key products in the wires & cables segment include power cables, control cables, instrumentation cables, solar cables, building wires and flexible cables. In the year 2009, the company diversified into engineering, procurement and construction (EPC) business. Further, it also …
Friday, March 29, 2019 Subscribe
Rail Vikas Nigam Ltd. (RVNL) is a wholly owned Government Company, a Miniratna (Category – I) Schedule ‘A’ Central Public Sector Enterprise. RVNL is a project executing agency working for and on behalf of MoR (Ministry of Railways). It undertakes rail project development, mobilization of financial resources and implementation of rail projects pertaining to strengthening …
Saturday, March 16, 2019 SUBSCRIBE
EMBASSY Office Parks REITs (Embassy REIT) is the owner of a high quality office portfolio that serves as essential corporate infrastructure to multinational tenants and has significant embedded growth prospects. Embassy REIT’s Portfolio comprises seven best-in-class office parks and four prime city-center office buildings totaling 32.7msf as of December 31, 2018, with strategic amenities, including …

Trade like a pro

DOWNLOAD ANGEL BROKING APP

Trade like a pro

DOWNLOAD ANGEL BROKING APP

Open an account
Open an account