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IPOs
Latest IPO ArticlesView All
H.G. Infra IPO: An Exciting Road Ahead
Punit Jain | Published: 24 Feb 2018
HGI has an impressive last 5 years performance where it has emerged as a rising star. Good track record, robust financial performance, sectoral tailwinds and an experienced management team makes...
HG Infra Engineering IPO: To improve its order book further; Subscribe
SPA Securities | Published: 24 Feb 2018
At higher price band, the company is demanding a P/E valuation of 33x its restated FY17 EPS of INR 8.2. ROE for FY17 stood at ~36% with leverage of just...
HG Infra Engineering IPO: Strong revenue visibility; Subscribe
Hem Securities | Published: 24 Feb 2018
Company is bringing the issue at price band of Rs 263-270/sh at p/e ratio of 30. Co being established roads and highways sector focused construction developer with efficient business model...
HG Infra Engineering IPO: Subscribe the issue from a long term perspective
Nirmal Bang | Published: 23 Feb 2018
Over the last four years (FY13-17), the company has demonstrated good execution skills with revenues growing at 34% CAGR, one of the highest in the listed space. The company is...
IPO Note: H.G. Infra Engineering
HDFC Sec | Published: 23 Feb 2018
The Offer comprises of Fresh Issue and an Offer for Sale by the Selling Shareholders. Each of the Selling Shareholders will be entitled to the proceeds of the Offer for...
Aster DM IPO: Subscribe the issue for long term gains
Nirmal Bang | Published: 14 Feb 2018
At higher band the issue is offered at 19.6x FY18E calculated EV/EBITDA. We like the company’s strong brand equity ...
Aster DM Healthcare IPO: Our recommendation “Avoid”
Rudra Shares and Stock Brokers | Published: 12 Feb 2018
Moreover, looking at the financials of Aster ,though the business looks attractive & also Government focus on health sector in the current budget sounds positive for Aster but losses in...
IPO Note: Aster DM Healthcare
Achiievers Equities | Published: 12 Feb 2018
The Offer comprises the Fresh Issue and the Offer for Sale. Company will not receive any proceeds from the Offer for Sale. Company proposes to utilise the Net Proceeds from...
Aster DM Healthcare IPO: High valuation at current level fails to infuse optimism; Avoid
Hem Securities | Published: 12 Feb 2018
Company is bringing the issue at price band of Rs 180-190 /sh at EV/EBIDTA multiple of 34-35. Although co’s business looks attractive but losses in H1FY18 with weak financial performance...
Aster DM Healthcare IPO: Subscribe to the issue from a long term perspective
SPA Securities | Published: 12 Feb 2018
Aster DM Healthcare is one of its kind complete healthcare provider, which caters to patients through hospitals, clinics and pharmacy stores, which are vertically and horizontally integrated. Hospitals trade at...
Galaxy Surfactants IPO: No listed peers to compare; Subscribe
Rudra Shares and Stock Brokers | Published: 29 Jan 2018
Moreover, the company is not offering any fresh issue and, through the OFS, it wants to achieve only the benefits of listing & on the upper price band of Rs...
All that you need to know about Galaxy Surfactants IPO
Nirmal Bang | Published: 29 Jan 2018
Galaxy Surfactants has shown consistent growth in sales as well as profitability. We recommend investors to subscribe the issue for long term gains.
Should you subscribe to Galaxy Surfactants IPO?
HDFC Sec | Published: 25 Jan 2018
Galaxy Surfactant Ltd (GSL) is one of India’s leading manufacturers of surfactants and other speciality ingredients for the personal care and home care industries.
Amber Enterprises India IPO: Subscribe to the issue
SPA Securities | Published: 17 Jan 2018
The Company plans to reduce its debt (~INR 3700 mn) with the IPO proceeds (~INR 4750 mn) which translates into an EPS of INR 27 for FY19E from INR 12...
Amber Enterprises IPO: Subscribe with Long Term View
Nirmal Bang | Published: 17 Jan 2018
We like the industry and the backward integrated business model of the company. We believe the investment phase of the company is now coming to end and hence the benefits...
Subscribe to Amber Enterprises India IPO
Hem Securities | Published: 16 Jan 2018
Co being market leader in RAC OEM/ODM industry in India have reputed clientele with strong track ...
Subscribe to Newgen Software Technologies IPO
Hem Securities | Published: 16 Jan 2018
The co is bringing the issue at p/e multiple of 33 on FY17 eps of Rs 8.26 at higher price band of Rs 240-245/share. Looking after...
Newgen Software Technologies IPO: All that you need to know
Rudra Shares and Stock Brokers | Published: 16 Jan 2018
But if we look into the company’s profitability it is declining, margins are low & Valuation is also not so attractive.Considering these factors, issue seems to be risky therefore we...
IPO Note: Newgen Software Technologies
HDFC Sec | Published: 16 Jan 2018
The Offer comprises a Fresh Issue by NSTL and an Offer for Sale by the Selling Shareholders. The Selling Shareholders will be entitled to the proceeds of the Offer for...
Should you subscribe for Amber Enterprises India IPO?
AUM CAPITAL | Published: 16 Jan 2018
AEIL’s emphasis on R&D to develop, design and manufacture models of RACs, experience team and multiple manufacturing locations allow them optimal utilisation of...
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